CIRP Regulations requires the resolution professional to file Form CIRP 8 intimating details of his opinion and determination under regulation 35A, by 140th day of the insolvency commencement date.
With a view to providing visibility of client-wise collateral (for each client) at all levels, viz., TM, CM and Clearing Corporation (CC), a reporting mechanism, covering both cash and non-cash collateral, shall be specified by the CCs. Details in respect of the same are as under:
SEBI extends the timelines for Debenture Trustees for compliance with the following regulatory requirements of the SEBI circular dated November 12, 2020 for the quarter/ half year/ year ending March 31, 2021
International Financial Services Centres Authority F.No.110/IFSCA/Banking Regulation/2021-22/5 July 20, 2021 To All IFSC Banking Units (IBUs / BUs) Dear Sir/Madam, Subject: Guidelines for issuance of Certificate of Deposits Certificate of Deposit (CD) is a negotiable instrument and issued in dematerialised form or as a Usance Promissory Note against funds deposited at a BU for a […]
Clarification regarding applicability of IGST on repair cost, insurance and freight, on goods re-imported after being exported for repairs, on the recommendations of the GST Council made in its 43rd meeting
If securities for sale are blocked in the depository system in favour of clearing corporation, all margin would deemed to have been collected and penalty for short/non collection of margin including other margins shall not arise. The facility of block mechanism shall be available to the clients from August 01, 2021.
Expected Loss (EL) based Rating Scale may be used by CRAs for ratings of projects/ instruments associated with infrastructure sector to begin with:
RMS will process the shipping bill data after the Export General Manifest (EGM) is filed electronically and will provide required output to ICES for selection of shipping bills for risk-based processing of duty drawback claims.
Banks were advised to consider using lockable cassettes in their ATMs which shall be swapped at the time of cash replenishment. It has been decided to extend the timeline for implementation of cassette swap in all ATMs till March 31, 2022.
The banks shall put in place a ‘mandatory leave’ policy wherein the employees posted in sensitive positions or areas of operation shall be compulsorily sent on leave for a few days (not less than 10 working days) in a single spell every year, without giving any prior intimation to these employees, thereby maintaining an element of surprise.
