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Circulars

NSE permitted to do e-KYC Aadhaar Authentication in Securities Market

September 8, 2020 885 Views 0 comment Print

National Stock Exchange of India Limited shall undertake Aadhaar Authentication service of the UIDAI subject to compliance of the conditions as laid down in this regard.

Auto Let Export Order under Express Cargo Clearance System allowed

September 7, 2020 1536 Views 0 comment Print

CBIC has decided to allow the facility of Auto Let Export Order (LEO) under the Express Cargo Clearance System. The facility of Auto LEO has been developed by Directorate General of Systems & Data Management and is ready for launch.

Ratios which banks must consider for finalizing resolution plan of eligible borrowers

September 7, 2020 2259 Views 0 comment Print

All lending institutions shall mandatorily consider the following key ratios while finalizing the resolution plans in respect of eligible borrowers under Part B of the Annex to the Resolution Framework:

Cut-off date for re-lodgement of share transfer deeds extended

September 7, 2020 1773 Views 0 comment Print

It has been decided to fix March 31, 2021 as the cut-off date for re-lodgement of transfer deeds. Further, the shares that are re-lodged for transfer (including those request that are pending with the listed company / RTA, as on date) shall henceforth be issued only in demat mode.

IRDAI Guidelines on Wellness and Preventive Features

September 4, 2020 1743 Views 0 comment Print

a.  Any wellness and preventive feature shall be designed only with the objective of maintaining and improving good health, thereby enabling affordable health insurance. b. As part of promoting wellness and preventive regime, insurers may offer reward points to those policyholders who comply with or meet the set criteria of wellness and preventive features.

All India roll-out of Faceless Assessment by CBIC

September 4, 2020 3525 Views 0 comment Print

CBIC has decided to roll-out the Faceless Assessment at an All India level in all ports of import and for all imported goods by 31.10.2020. The detailed roll-out plan in phases covering different Customs Zones and Chapters of the Customs Tariff Act, 1975, including the existing Phases I and II, is given in Annexure I.

Customs procedure for export of cargo in containers & closed bodied trucks

September 4, 2020 978 Views 0 comment Print

CBIC had prescribed the procedure for facilitating and monitoring transshipment of consignments sealed at ICDs/CFSs under ECTS and destined for export to Nepal or Bangladesh.

e-Nomination facility for NPS subscribers

September 3, 2020 1332 Views 0 comment Print

PFRDA has issued a Circular pertaining to ‘e-Nomination facility for NPS Subscribers’ in order to help and guide the Subscribers of NPS in understanding detailed provisions regarding ‘Nominations’ under NPS and process flow of e-Nomination facility.

Cessation of ‘Aditya Birla Idea Payments Bank Ltd’ as a banking company

September 3, 2020 621 Views 0 comment Print

We advise that the Aditya Birla Idea Payments Bank Limited has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020

Exclusion of ‘Westpac Banking Corporation’ from Second Schedule to RBI Act, 1934

September 3, 2020 498 Views 0 comment Print

We advise that the Westpac Banking Corporation has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DOR.IBD.No.99/23.13.138/2020-21 dated July 18, 2020,

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