Standard Input Output Norms (SION) appearing at A254, A257, A282, A1939, A1973, A2061, A2331, A2539, A2818, A3056 and A3486 are suspended with immediate effect. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi Public Notice No. 30/2015-20|Dated: 12th October, 2022 Subject: Amendment in Standard Input Output Norms (SION) of […]
On the Anti-Smuggling front, it was an eventful week. Officers of the Delhi Airport & General Commissionerate detected a case of smuggling of bejeweled watches by an international passenger arriving at the Delhi Airport.
Food Safety and Standards (Labelling and Display) Second Amendment Regulations, 2022 shall come into force on 1st May, 2023.
Data Centres and Energy Storage Systems (ESS) is included in the Harmonized Master List of Infrastructure sub-sectors
Banks shall ascertain the Foreign Currency Exposure (FCE) of all entities2 at least on an annual basis. Banks shall compute the FCE following the relevant accounting standard applicable for the entity.
it is found that Mr. Prakash had neither disclosed the appointment of his brother through M/s Ibay Capital before the CoC nor made relationship disclosure of engagement of M/s Ibay Capital on the website of the IPA. Further, the valuation report was submitted by M/s iVas Partners whose appointment or fee was not approved/ratified by […]
Reserve Bank of India RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23 October 11, 2022 Madam / Dear Sir, Reserve Bank of India (Financial Statements – Presentation and Disclosures) Directions, 2021 – Disclosure of Divergence in Asset Classification and Provisioning In terms of paragraph C.4(e) of Annexure III to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021, commercial banks […]
If the consolidated asset (consolidation as per para 2 above) size of the Group is ₹1000 crore and above, then each Investment and Credit Company (NBFC-ICC), Micro Finance Institution (NBFC-MFI), NBFC-Factor and Mortgage Guarantee Company (NBFC-MGC) lying in the Group shall be classified as an NBFC in the Middle Layer
To improve corporate governance standards in ARCs RBI amends Regulatory Framework for Asset Reconstruction Companies
SPDs shall adhere to prudential regulations and other instructions contained in circular related to foreign exchange activities and other associated guidelines applicable to SPDs.
