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Circulars

Clarification on investment in Bullion Depository Receipts

June 19, 2022 1839 Views 0 comment Print

International Financial Services Centres Authority Circular No. 329/IFSCA/DPM/TS/2022-23/1 | Dated: June 17, 2022 To, All the Bullion Market Infrastructure Institutions (MIIs) in IFSC All the Market Intermediaries in IFSC All the Banking Units in IFSC Dear Sir/Madam, Sub: Clarification on investment in Bullion Depository Receipts (BDR) on India International Bullion Exchange (IFSC) Limited (IIBX) through the […]

Sovereign Gold Bond (SGB) Scheme 2022-23

June 16, 2022 31422 Views 0 comment Print

Government of India, in consultation with RBI, has decided to issue Sovereign Gold Bond (SGB) Scheme 2022-23 in tranches

e-mandates for recurring transactions – RBI increase limit to Rs. 15000

June 16, 2022 1032 Views 0 comment Print

On a review of implementation of the e-mandate framework and the protection available to customers, it has been decided to increase the aforesaid AFA limit from ₹5,000/- to ₹15,000/-per transaction.

Section 194R of Income-tax Act, 1961 – Guidelines & FAQs

June 16, 2022 142926 Views 1 comment Print

CBDT issued Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961 vide Circular No. 12 of 2022-Income Tax | Dated 16th, June, 2022. F. No. 370142/27/2022-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes), New Delhi ********* Circular No. 12 of 2022-Income Tax […]

Application under Rule 4, 6 or 7 of Insolvency & Bankruptcy (Application to Adjudication Authority) Rules, 2016

June 15, 2022 714 Views 0 comment Print

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001. Circular No. No. IBBI/IU/51/2022 | Dated: 15th June, 2022 To Information Utility (By mail to registered email address and on the website of the IBBI) Dear Madam /Sir, Subject: Application under Rule 4, 6 or 7 of Insolvency and Bankruptcy (Application to Adjudication […]

Accounting of Premium, claims & related expenses on estimation basis 

June 15, 2022 2172 Views 0 comment Print

Given that a significant part of the premium is being accounted on estimation basis, a need is felt to lay down guidelines to govern the accounting and disclosures of premium recognized on estimation basis in the annual report.

Nomination for Mutual Fund Unit Holders

June 15, 2022 1143 Views 0 comment Print

Investors subscribing to mutual fund units on or after August 1, 2022, shall have the choice of: a. Providing nomination in the format specified in fourth schedule of SEBI (Mutual Funds) Regulations, 1996 (or) b. Opting out of nomination through a signed Declaration form

Upgradation of MahaRERA IT System

June 13, 2022 663 Views 0 comment Print

MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY No. MahaRERA/Secy/143/2022 Dated: 13/06/2022 Notification-cum-Advisory Sub: – Upgradation of MahaRERA IT System Promoters and Real Estate Agents are hereby informed that MahaRERA is upgrading its IT System in the matter of application registration process relating to applications submitted for registration of real estate projects as well as for real estate […]

Solvency Margin requirement for crop insurance relaxed by IRDAI

June 13, 2022 1647 Views 0 comment Print

remium receivables related to State / Central Government sponsored schemes for all quarters of the FY 2022-23 and onward to the extent that they are not realized within a period of 365 days shall be placed with value zero.

Use & file (U&F) procedure for life insurance products & riders

June 10, 2022 3639 Views 0 comment Print

In its continuous endeavor towards the reform agenda taken up towards having a fully insured India, Insurance Regulatory and Development Authority of India (IRDAI) has extended the ‘Use and File’ procedure for most of the Life Insurance products. This means now the life insurance companies can also launch these products without prior approval of IRDAI. […]

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