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RBI clarifies on Lending by banks to InvITs

October 14, 2019 1188 Views 0 comment Print

Banks and other stakeholders have been seeking clarity on provision of credit facilities to InvITs. The matter has been examined and it has been decided that banks may be permitted to lend to InvITs subject to the following conditions:

Transactions / projects not requiring MahaRERA Registration for Sale Agreement/Registration

October 11, 2019 7893 Views 1 comment Print

MAHARERA clarifies the transactions / projects which do not require MahaRERA Project Registration for Agreement for Sale / Sale Deed Registration. MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY No. MahaRER/Secy /File No. 27/1004 Date: 11th October, 2019 Circular No: 25/2019 Subject: Clarification regarding Registration of Agreement for Sale / Sale Deed for Real Estate Projects Whereas in […]

Revision in Proforma & Reporting of Bank / Branch details under CISBI

October 11, 2019 2136 Views 0 comment Print

Consistent with the needs of branch licencing and financial inclusion policies as well as the need for requisite coverage of additional dimensions / features, a new reporting system, viz., Central Information System for Banking Infrastructure (CISBI) (https://cisbi.rbi.org.in), has been web-deployed to replace the legacy MOF system.

Framework for issue of Depository Receipts

October 10, 2019 2343 Views 0 comment Print

Listed Company is in compliance with the requirements prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any amendments thereof.

Option to pay under PTRC & PTEC together in Maharashtra

October 7, 2019 82068 Views 3 comments Print

As a step forward towards Ease of Doing Business initiative, MGSTD has now introduced facility to make payment of PTRC and PTEC in single screen through its web-site. This facility is optional.

Expanding and Deepening of Digital Payments Ecosystem

October 7, 2019 1308 Views 0 comment Print

With a view to expanding and deepening the digital payments ecosystem, it has been decided that all State/ UT Level Bankers Committees (SLBCs/ UTLBCs) shall identify one district in their respective States/ UTs on a pilot basis in consultation with banks and stakeholders.

Dealer support system help desk system for MVAT Tax Payer

October 5, 2019 22011 Views 1 comment Print

Maharashtra Goods and Services Tax Department is providing various e-services viz. e-registration, e-return filing, e-payment of tax, etc. While availing such e-services, dealer may sometimes face problems with respect to processes and/or procedures for availing e-services.

RBI reduces Reverse Repo rate to 4.90 Percent

October 4, 2019 855 Views 0 comment Print

As announced in the Fourth Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.40 per cent to 5.15 per cent with immediate effect. 2. Consequently, the Reverse Repo rate under the LAF stands adjusted to 4.90 per cent with immediate effect.

IRDA directions on Preparation of Financial Statements by Life Insurers

October 4, 2019 8166 Views 0 comment Print

In order to bring further uniformity, comparability and fair presentation of financial position in the Financial Statements filed by the insurers, Insurance Regulatory and Development Authority issues the following directions. Insurance Regulatory and Development Authority CIRCULAR Ref No: IRDA/F&A/CIR/MISC/184/10/2019 Date: 4th October, 2019 To, The CMDs/CEOs All Life Insurance Companies Sub : Preparation of Financial Statements […]

DGFT clarifies on Steel Import Monitoring System

October 4, 2019 21240 Views 4 comments Print

Can steel and steel parts be imported through airfreight without SIMS registration? Response: There is no restriction on mode of transport but SIMS will not be applicable on air freighted goods as this mode is used for emergency/small volume -high value goods required at short notice.

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