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Circulars

SEBI amends regulatory framework for Portfolio Managers

February 13, 2020 4179 Views 0 comment Print

Portfolio Managers shall provide an option to clients to be on-boarded directly, without intermediation of persons engaged in distribution services. Portfolio Managers shall prominently disclose in its Disclosure Documents, marketing material and on its website, about the option for direct on-boarding.

RBI permits One-time restructuring of MSME advances as ‘standard’

February 11, 2020 3003 Views 0 comment Print

It has been decided to extend the one-time restructuring of MSME advances permitted in terms of the aforesaid circular. Accordingly, a one-time restructuring of existing loans to MSMEs classified as ‘standard’ without a downgrade in the asset classification is permitted, subject to the following conditions:

CBIC-Sanction of Prosecution of Group -‘A’ Officers- Competent Authority

February 10, 2020 2193 Views 0 comment Print

In respect of the proposals emanating from the field formations of Customs [including Directorates, except DRI & DGGSTI], the Commissioner (Investigation-Customs) and the Commissioner (GST-Investigation), shall respectively process the proposals pertaining to prosecution of Group ‘A’ officers through the Member in charge of the Zone forwarding the prosecution proposal.

Previously issued LPCOs cannot be uploaded on eSANCHIT w.e.f 28.02.2020

February 10, 2020 666 Views 0 comment Print

Since the facility to upload the LPCOs is now being fully made available to these 3 new PGAs, therefore, the beneficiaries i.e. importer/exporters/customs brokers would not be allowed to upload the previously issued LPCOs on eSANCHIT w.e.f 28.02.2020

Guidelines on Standardization of Exclusions in Health Insurance Contracts amended

February 10, 2020 1740 Views 0 comment Print

Amendments in respect of provisions of Guidelines on Standardization of Exclusions in Health Insurance Contracts and Modification Guidelines on Standardization in Health Insurance

Electronic sealing-Deposit in and removal of goods from Customs Bonded Warehouses-reg

February 7, 2020 3252 Views 0 comment Print

The regulations require that goods arriving at the warehouse from a customs station shall be affixed with a one-time-lock with its serial number endorsed upon the bill of entry for warehousing and the transport document.

Revised Guidelines on Stewardship Code for Insurers in India

February 7, 2020 1227 Views 0 comment Print

Insurance companies are significant institutional investors in listed companies and the investments are held by them as custodians of policyholders’ funds.  The state of governance of the investee companies is an important aspect and insurance companies must ensure that investee companies maintain corporate governance standards at high level.

Revised RBI guidelines for deferment of DCCO for CRE projects

February 7, 2020 11511 Views 0 comment Print

Reserve Bank of India RBI/2019-20/158 DOR.No.BP.BC.33/21.04.048/2019-20 Dated: February 07, 2020 The Chairman / Chief Executive Officer All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks Madam/Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances – Projects under Implementation Please refer to the circular DBR.No.BP.BC.84/21.04.048/2014-15 dated April 6, 2015 on the subject. […]

Reimbursement of SGST in case of movies – Panipat & Tanhaji

February 6, 2020 2808 Views 0 comment Print

The Government of Maharashtra has now issued GRs regarding reimbursement of SGST in case of movies Panipat and Tanhaji: The Unsung Warrior. In view of the above, the present circular is issued for instructions regarding the procedures.

Streamlining export data to include District level details in Shipping Bills–reg

February 5, 2020 1725 Views 0 comment Print

With effect from 15.02.2020, apart from the data/ information required to be furnished in the present electronic form of electronic integrated declaration mentioned in Regulation 3 of Shipping Bill (Electronic Integrated Declaration and Paperless Processing) Regulations 2019 , the following additional information will be required to be furnished for every item in the Shipping Bill

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