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Notifications/Circulars

Prohibition on export of wheat – RAs to manually sign Registration Certificate

May 24, 2022 744 Views 0 comment Print

In order to prevent any misuse of the digitally signed copies of the Registration Certificate manually signed and stamped physical copies of the Registration Certificate. Such RCs will be presented to concerned Customs authorities for facilitating exports of Wheat as mentioned in it.

IRP imposes penalty of 25 percent of fee on IRP

May 24, 2022 795 Views 0 comment Print

DC notes that Mr. Kari should have been more careful, diligent, and vigilant in conducting the liquidation process and should have been cautious and prompt in discharging his duties as the Liquidator of the CD. While putting the property to auction, he should have seen whether after successful auction property can be transferred to the […]

Housing Finance – Loans for repairs/additions/alterations – Enhancement of limits

May 24, 2022 1218 Views 0 comment Print

The ceiling on Housing loans for repairs/additions/alterations is now revised to ₹10 lakh in metropolitan centres (those centres with population of 10 lakh and above) and ₹6 lakh in other centres.

RBI Constitutes Committee for Review of Customer Service Standards in RBI Regulated Entities

May 23, 2022 927 Views 0 comment Print

RBI announced setting up of a Committee for Review of Customer Service Standards in RBI Regulated Entities (REs) for examining and reviewing the state of customer service in the REs and adequacy of customer service regulations and suggest measures to improve customer service.

Govt notifies certain courses offered in IFSC as financial service

May 23, 2022 1833 Views 0 comment Print

Central Government hereby notifies courses offered in Financial Management, FinTech, Science, Technology, Engineering and Mathematics by foreign universities or foreign institutions in the International Financial Services Centre, as financial service.

Eligibility for two family pensions- clarification

May 23, 2022 1638 Views 0 comment Print

Representations received seeking clarification in regard to entitlement of a member if family for family pension from two different sources in respect of the same Government servant/pensioner

Prohibition on export of wheat – Advisory against fraudulent back dated Letter of Credit

May 23, 2022 657 Views 0 comment Print

For registration of L/C with the RAs of DGFT, apart from the L/C date, the message exchange date between the Indian and foreign bank / Swift date should also be on or prior to 13.5.2022.

Revision of Health Insurance Regulatory Returns – reg

May 23, 2022 639 Views 0 comment Print

The frequency of the following returns is modified as under: i. HIR-19 return to be submitted annually instead of quarterly ii. HIR-14 to HIR – 17 returns to be submitted annually instead of Half-yearly c. GHIS return (HIR-20) on Information on Government Sponsored Health Insurance Schemes and GHISAR Return (HIR-21) stands dispensed with.

SEBI Circular on Development of Passive Funds

May 23, 2022 3363 Views 0 comment Print

Considering the emergence of passive funds i.e. Exchange Traded Funds (ETFs) and Index Funds as an investment product for retail investors globally and various advantages of passive investing like transparency, diversification, lower cost vis-à-vis active funds, a need was felt to review the regulatory framework for passive funds in India.

DGFT amends import policy of Oxytocin reference standards

May 23, 2022 1290 Views 0 comment Print

Import of Oxytocin shall remain Prohibited. However, import of Oxytocin reference standards falling under HS Codes 29371900, 29372900, 29379019, 29379090 and all HS Codes at 8 digit level under 3004 is permitted exclusively for the purpose of test and analysis subject to submission of Test License issued by the DGCI / CDCSO.

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