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Payment of Pension to EPS ’95 pensioners on last working day of month

January 13, 2022 3567 Views 0 comment Print

It has been decided that all field offices may send the monthly BRS to banks in such a way that pension gets credited to pensioners account on or before last working day of the month (except for the month of March that shall continue to be credited on or after 1st April). Further, it may simultaneously be ensured that actual pension is sent to pension disbursing banks not earlier than two days before it is to be credited in pensioners’ accounts.

Income Tax Audit Due & ITR Due date for AY 2021-22 extended

January 11, 2022 118197 Views 1 comment Print

On consideration of difficulties reported by taxpayers/stakeholders due to Covid & in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961, CBDT further extends due dates for filing of Audit reports & ITRs for AY 21-22. Income Tax Audit date extended to 15 Feb 2022 and Income Tax Return date extended to […]

Framework for operationalizing the Gold Exchange in India

January 10, 2022 1182 Views 0 comment Print

The supply of the physical gold, to be converted into EGR, shall be the fresh deposit of gold, coming into the vaults, either through imports or through stock exchange/s accredited domestic refineries.

Disclosure obligations of high value debt listed entities for Related Party Transactions

January 7, 2022 3567 Views 0 comment Print

Since the provisions of Regulation 23 of the LODR Regulations would be applicable to high value debt listed companies also, it has been decided to Related Party Transactions disclosure obligations applicable to high value debt listed entities.

NSE: Launch of Digital Portal for filings done with the Exchange

January 6, 2022 10233 Views 0 comment Print

Currently, listed entities are submitting various disclosures to the Exchange via NEAPS (NSE Electronic Application Processing System). With the launch of the new Digital Portal, listed entities shall make all the filings through the Digital Portal. However, the transition from NEAPS to the Digital Portal would be carried out in a phased manner.

DRAFT IRDAI (Obligations of an Insurer in respect of Motor Third Party Insurance Business) Regulations, 2022

January 5, 2022 1455 Views 0 comment Print

IRDAI proposed amendment to IRDAI (Obligations of an Insurer in respect of Motor Third Party Insurance Business) Regulations, 2015 vide DRAFT IRDAI (Obligations of an Insurer in respect of Motor Third Party Insurance Business) Regulations, 2022. ***** Insurance Regulatory and Development Authority of India Ref. No: NON-LIFE Date: 05-01-2022 DRAFT IRDAI (Obligations of an Insurer […]

SEBI advises Exchanges & Depositories to display Link to Lodge complaint

January 5, 2022 747 Views 0 comment Print

In order to increases the awareness regarding online grievance redressal mechanisms, all Recognized Stock Exchanges including Commodity Derivatives Exchanges/ Depositories / Clearing Corporations are advised to display the following on the home page of their websites and mobile apps: 1. link / option to lodge complaint with them directly and 2. link to SCORES website/ link to download SCORES mobile app.

IBU, GIFT City, Gandhinagar to undertake SWIFT operations: IFSCA

January 4, 2022 1614 Views 0 comment Print

It is hereby directed that the SWIFT operations shall be undertaken from the IBU, GIFT City, Gandhinagar by assigning the roles of maker and checker to suitable staff in IBU itself for ensuring the data confidentiality and data protection.

RBI Includes ‘Airtel Payments Bank’ in Second Schedule of RBI Act, 1934

January 4, 2022 1254 Views 0 comment Print

Airtel Payments Bank Limited has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S2659/16.13.215/2021-22 dated December 02, 2021 and published in the Gazette of India (Part III – Section 4) dated January 01 – January 07, 2022.

RBI Retail Direct Scheme – Market Making

January 4, 2022 4281 Views 0 comment Print

To promote retail participation in Government Securities by providing prices/quotes to Retail Direct Gilt (RDG) account holders enabling them to buy/sell securities under the RBI Retail Direct Scheme.

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