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Circulars

Mandatory Leave for Bank Employees Posted in Sensitive Positions or Areas of Operation

July 9, 2021 2997 Views 0 comment Print

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.

Mutual Fund to provide justification for not exercising put option

July 9, 2021 693 Views 0 comment Print

If the put option is not exercised by a Mutual Fund, while exercising the put option would have been in favour of the scheme; i. A justification for not exercising the put option shall be provided by the Mutual Fund to the Valuation Agencies, Board of AMC and Trustees on or before the last date of the notice period.

Framework for setting up of ITFS for providing Trade Finance Services at IFSCs

July 9, 2021 1899 Views 0 comment Print

Framework for setting up of International Trade Financing Services Platform (‘ITFS’) for providing Trade Finance Services at International Financial Services Centres (‘IFSCs’).

Roadmap for LIBOR Transition

July 8, 2021 1584 Views 0 comment Print

RBI issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from London Interbank Offered Rate (LIBOR).

Review of Advance Intimation timelines for modifications in contract specifications of commodity derivatives contracts

July 8, 2021 606 Views 0 comment Print

Securities and Exchange Board of India Circular No.: SEBI/HO/CDMRD_DoP/P/CIR/2021/592 Dated: July 08, 2021 The Managing Directors / Chief Executive Officers All Recognized Stock Exchanges having Commodity Derivatives Segment Dear Sir / Madam, Sub: Review of Advance Intimation timelines for modifications in the contract specifications of commodity derivatives contracts 1. SEBI has specified the procedure for […]

Shivalik Small Finance Bank included in Second Schedule of RBI Act, 1934

July 7, 2021 525 Views 0 comment Print

We advise that Shivalik Small Finance Bank Limited has been included in Second Schedule to Reserve Bank of India Act, 1934 vide Notification dated June 15, 2021

Improvements in Faceless Assessment – Measures for expediting Customs clearances

July 7, 2021 2382 Views 0 comment Print

Board has recently comprehensively reviewed the implementation of Faceless Assessment and deliberated on the further measures required for expediting the pace of assessment and Customs clearance of imported goods. Board finds that by and large the objectives of Faceless Assessment in terms of expeditious assessments, anonymity in assessments and uniformity in assessments have been met.

Retail & Wholesale trade can migrate to Udyam Registration Portal

July 7, 2021 1365 Views 0 comment Print

It has decided to include Retail and Wholesale trade as MSMEs for the limited purpose of Priority Sector Lending and they would be allowed to be registered on Udyam Registration Portal for the following NIC Codes and activities mentioned against them:

SOP for listed subsidiary company desirous of getting delisted

July 6, 2021 1047 Views 0 comment Print

Standard Operating Procedure for listed subsidiary company desirous of getting delisted through a Scheme of Arrangement wherein the listed parent holding company and the listed subsidiary are in the same line of business.

MahaRERA: Reg. Real estate agent registration and renewal

July 6, 2021 29058 Views 2 comments Print

And whereas under sub-rule (1) of Rule 11 of the said Rules, every real estate agent required to be registered as per sub-section (2) of section 9 of the Real Estate (Regulation and Development) Act, 2016

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