As announced in the Statement on Development and Regulatory Policies dated April 08, 2022, the minimum net-worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) stands reduced to ₹25 crore. The BBPS guidelines have been suitably amended.
Deinon, by acting in the capacity of insurance intermediary by offering and transacting such services, without having a registration from the Authority is in violation section 42D(8) of the Act.
Import of Paper brought under Compulsory Registration from 1st October Import policy of Specific tariff lines under Chapter 48 of ITC(HS) 2022 as given at Annexure -I to this Notification is revised from ‘Free’ to ‘Free subject to compulsory registration under Paper Import Monitoring System (PIMS)’. Move addresses dumping concerns of domestic paper industry and […]
Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/70 | Dated: May 25, 2022 To All Registered Registrars to an Issue and Share Transfer Agents (RTAs) All Recognized Stock Exchanges All Listed Companies through Recognized Stock Exchanges All Investors’ Associations Dear Sir / Madam, Subject: Simplification of procedure and standardization of formats of documents for issuance of […]
AD banks may allow Qualified Jewellers to remit advance payments for eleven days for import of Gold through IIBX in compliance to the extant Foreign Trade Policy and regulations issued under IFSC Act.
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, 25th May, 2022 No. IFSCA/2020-21/NICCL/245.—The International Financial Services Centres Authority, having considered the application for grant of recognition under Regulation 12 of the International Financial Service Centres Authority (Market Infrastructure Institutions) Regulations, 2021 by NSE IFSC Clearing Corporation Limited, Unit No. 1202, Brigade International Financial Centre, 12th Floor, […]
Instances have been noticed where some of the taxpayers after voluntarily depositing GST liability through DRC-03 have alleged use of force and coercion by the officers for making ‘recovery’ during the course of search or inspection or investigation.
Government has transferred Gurugram CGST Commissioner Ms. Meenu Kumarr, Additional Commissioner Shri Paul Rajendra Lakra & Shri Abhinav Yadav and Deputy Commissioner Shri Ankit Agrawal. F.No .422011/01/2022-Ad.II Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs *** North Block, New Delhi Dated the 25th May, 2022 Office Order No. […]
RBI cancelled Certificate of Registration of five Non-Banking Financial Companies (NBFCs) due to irregular lending practices
Notification issued pertaining to base premium for third party insurance for unlimited liability The Ministry of Road Transport and Highways, in consultation with the Insurance Regulatory and Development Authority of India, has published Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022 vide notification dated 25.05.2022. The rules shall come into force on […]
