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Notifications/Circulars

RBI allows SPDs to offer all foreign exchange market-making facilities

October 11, 2022 1098 Views 0 comment Print

RBI permits SPD to offer foreign exchange products, as allowed from time to time, to their Foreign Portfolio Investor (FPI) clients.

IFSCA (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022

October 11, 2022 2796 Views 0 comment Print

International Financial Services Centres Authority, (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022

Food Safety and Standards (Approval for Non-Specified Food and Food Ingredients) First Amendment Regulations, 2022

October 11, 2022 1266 Views 0 comment Print

These regulations may be called the Food Safety and Standards (Approval for Non-Specified Food and Food Ingredients) First Amendment Regulations, 2022.

Review of Prudential Norms – Risk Weights for Exposures to Corporates & NBFCs

October 10, 2022 2313 Views 0 comment Print

It is observed that the Press Releases (PRs) issued by ECAIs on rating actions are often devoid of the lenders’ details. Absence of such information may result in banks applying the derived risk weights for unrated exposures, without satisfying themselves regarding adherence to prescribed conditions

SEBI Reviews provisions pertaining to Electronic Book Provider platform

October 10, 2022 1941 Views 0 comment Print

SEBI has received representations from various market participants, requesting for review of the provisions pertaining to EBP platform, in order to address the issues of ‘fastest finger first’ (viz. allotment based on time priority in bidding for issuances with fixed parameters), certain bidders not getting allocations despite having worked on the issuance pre-listing, high ratio of green shoe to base issue size, limits on arrangers placing bids on behalf of clients, etc.

Tariff Notification No. 88/2022-Customs (N.T.) | Dated: 10th October, 2022

October 10, 2022 1803 Views 0 comment Print

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver – Notification No. 88/2022-Customs (N.T.) |Dated: 10th October, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 88/2022-Customs (N.T.) |Dated: 10th October, 2022 S.O. 4814(E).—In exercise of the powers conferred by sub-section (2) […]

MCA imposes penalty of Rs. 4.50 Lakh for violation of section 134

October 10, 2022 3255 Views 0 comment Print

Order for Penalty of Rs. 4.50 lakh under Section 454 for violation of Section 134 of the Companies Act, 2013 read with the Companies (Adjudication of Penalties) Rules, 2014

MCA imposes 3.5 Lakh Penalty for not annexing notes to financial statements

October 10, 2022 1044 Views 0 comment Print

Sub-section (8) provides that if a company is in default in complying with the provisions of this section, the company shall be liable to a penalty of three lakh rupees and every officer of the company who is in default shall be liable to a penalty of fifty thousand rupees.

NSE seek comment on XBEL Format for Outcome of Board Meeting – Dividend, Buyback, Bonus shares & Voluntary delisting

October 10, 2022 795 Views 0 comment Print

Seeking of comments / feedback on the XBRL being introduced for submission of Announcements pertaining to Outcome of Board Meeting (Dividend, Buyback, Bonus shares and Voluntary Delisting)

Export of Wheat Flour (Atta) allowed against Advance Authorization

October 9, 2022 969 Views 0 comment Print

The Notification No. 30/2015-20 dated 27.08.2022 is amended to the extent that Export of Wheat Flour (Atta) will be allowed against Advance Authorization, and by Export Oriented Units (EOUs) and units in SEZs, to be produced from imported wheat and without procurement of domestic wheat and subject to conditions as specified. Government of India Ministry […]

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