Co-operative banks are advised to conduct a self-assessment of their existing outsourcing arrangements and bring the same in line with Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks within a period of six months from the date of issue of this circular.
Extension of Income tax time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic- Objections to Dispute Resolution Panel (DRP) and Assessing Officer under section 144C of the Act, for which the last date of filing under that Section is 1st June, 2021 or thereafter, may be filed within the time provided in that Section or by 31st August, 2021, whichever is later;
The existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs obtained till June 30, 2020 shall remain valid till December 31, 2021. Reserve Bank of India RBI/2021-2022/63 FIDD.MSME & NFS.BC.No.12/06.02.31/2021-22 June 25, 2021 The Chairman/ Managing Director/Chief Executive Officer All Commercial Banks (including Small Finance Banks, Local Area Banks and […]
All listed entities are requested to take a note that as per the directions of Securities Exchange Board of India (SEBI) regarding Standard Operating Procedure (SOP) on actions for non-payment of Annual Listing Fees (ALF), following actions shall be taken if a listed entity fails to pay the outstanding ALF
Circular on Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes was to be applicable with effect from July 01, 2021. However, based on the feedback received from stakeholders, it has been decided to extend the date of implementation of the circular to October 01, 2021.
For all regulatory limit calculations other than Asset Allocation Limits (e.g. for Macaulay Duration, Risk-o-meter, investment restrictions pertaining to issuer, sector and group), the base to be considered is 100% of Net Assets.
Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021- On a review based on representations received, the prudential borrowing limits for transactions in Call, Notice and Term Money Markets have been revised.
Framework for undertaking Global/Regional Corporate Treasury Centres Activities by Finance Company/Finance Unit in IFSC shall apply to a Unit set up in an International Financial Services Centre, which is registered as a ‘Finance Company’ or a ‘Finance Unit’ under the Finance Company Reggulations and is desirous to perform the functions of Global/Regional Corporate Treasury Centre.
RBI directions for Appointment of Managing Director (MD) / Whole-Time Director (WTD) are applicable to all Primary (Urban) Co-operative Banks (UCBs).
Existing AIFs may also invest simultaneously in securities of investee companies and in units of other AIFs, subject to appropriate disclosures in the Private Placement Memorandum (PPM) and with the consent of at least two-thirds of unit holders by value of their investment in the AIF in terms of Regulation 9(2) of the AIF Regulations.
