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Circulars

IRDAI Rationalises certain compliance requirements For life & non-life insurers

April 27, 2022 1758 Views 0 comment Print

The requirement to submit quarterly ALM returns regarding Asset Liability Management and Stress Testing (for life insurers) is dispensed with, except for Domestic Systemically Important Insurers.

Framework for FinTech Entity in IFSCs

April 27, 2022 2808 Views 0 comment Print

This framework shall apply to all eligible Domestic or Foreign entities, desirous of obtaining authorization as FinTech Entity (FE) from International Financial Services Centres Authority (IFSCA), for participating in or undertaking one or more of the permissible activities under this framework.

Format of Initial & Annual Disclosure to be made by an entity identified as a ‘Large Corporate’

April 27, 2022 31221 Views 2 comments Print

Companies which are identified as Large Corporate under above mentioned SEBI Circular are required to file the Initial Disclosure through Annexure A as well as Annual Disclosure through Annexure B1 for Financial Year 2020 and 2021.

NSE Revokes suspension of trading in 6 UTI Mutual Fund Schemes

April 26, 2022 639 Views 0 comment Print

It is hereby notified that the suspension of trading in the following securities will be revoked w.e.f. April 27, 2022 based on confirmation submitted by UTI Asset Management Company Limited regarding continuation of the scheme post closure of STP (Specified Transaction Period).

Guidance framework on Sustainable and Sustainability linked lending by financial institutions

April 26, 2022 1476 Views 0 comment Print

Sustainability linked lending incentivizes the borrowers’ sustainability performance by linking the interest margin to the improvement of the companies’ ESG score or to the improvement on tailored/predefined sustainability Key Performance Indicators (KPI) as measured by predefined Sustainability Performance Targets (SPTs).

Extension of limitation under GST in terms of SC Order

April 23, 2022 11121 Views 0 comment Print

Extension of timelines granted by Hon’ble Supreme Court vide its Order referred above is applicable in respect of any appeal which is required to be filed before the Joint Commissioner (Appeals), Appellate Authority for Advance Ruling, Tribunal and various courts against any quasi-judicial order or where proceeding for revision or rectification of any order is required to be undertaken, and is not applicable to any other proceedings under GST Laws.

RBI extends guidelines on LEI to Primary UCBs & NBFCs

April 21, 2022 2199 Views 0 comment Print

On a review, it has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs).

RBI directs UCBs to not to create any honorary positions/titles at Board level

April 21, 2022 792 Views 0 comment Print

UCBs are directed not to create any honorary positions/titles at Board level or confer such titles that are non-statutory in nature and to eliminate any such existing position/titles within one year from date of this circular.

Process flow for opening APY account through online & Offline Aadhaar

April 21, 2022 1995 Views 0 comment Print

Pension Fund Regulatory and Development Authority (PFRDA) CIRCULAR No. CIR No.: PFRDA/2022/08/SUP-CRA/02 | Dated: 21 April 2022 To, Prospective APY Subscribers, APY-SPs & other stake holders for information Subject: eAPY – Ease of onboarding through Aadhaar The Government of India introduced Atal Pension Yojana (APY) for a pension inclusive society wherein every Indian Citizen who […]

Clarification in respect of certain GST related issues

April 20, 2022 7653 Views 1 comment Print

Whether the first proviso to section 54(3) of UPSGST / CGST Act, prohibiting refund of unutilized ITC is applicable in case of exports of goods which are having NIL rate of export duty.

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