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Notifications/Circulars

Companies (Share Capital and Debentures) Amendment Rules, 2022

May 4, 2022 22356 Views 0 comment Print

(1) These rules may be called the Companies (Share Capital and Debentures) Amendment Rules, 2022. (2) They shall come into force from the date of their publication in the Official Gazette.

RBI hikes Repo rate by 40 bps and CRR by 50 bps

May 4, 2022 4437 Views 0 comment Print

RBI Increase the policy repo rate under the liquidity adjustment facility (LAF) by 40 basis points to 4.40 per cent with immediate effect. Consequently, the standing deposit facility (SDF) rate stands adjusted to 4.15 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 4.65 per cent.

IRDAI appoints two members to Insurance Advisory Committee

May 4, 2022 552 Views 0 comment Print

1. Prakash Kumar, former Chief Executive Officer, GST Network, is appointed as Member of the Insurance Advisory Committee from the date of notification, and 2. Venkat Changavalli, Management Consultant is appointed as Member of the Insurance Advisory Committee from the date of notification

Bank to maintain average Cash Reserve Ratio (CRR) of 4.50%: RBI

May 4, 2022 2376 Views 0 comment Print

RBI notifies that average Cash Reserve Ratio (CRR) required to be maintained by every bank shall be 4.50 per cent of its net demand and time liabilities effective from the reporting fortnight beginning May 21, 2022.

Changes in Customs Tariff w.e.f. 01.05.2022- Waiver of Late Fee – reg

May 2, 2022 7653 Views 0 comment Print

Late Fee imposable in terms of Bill of Entry (forms) amendment Regulations, 2017 vide Notification No. 27/2017-Customs (N.T.) dated 31.03.2017 will be waived off in respect of Bills of Entry filed belatedly, which pertains to IGM’s filed on 01.05.2022 & 02.05.2022 on production of negative acknowledgement.

RBI withdraws 225 circulars in third tranche of recommendations

May 2, 2022 1917 Views 0 comment Print

Regulations Review Authority (RRA 2.0) – Interim Recommendations – Third tranche Regulations Review Authority (RRA 2.0) has recommended withdrawal of additional 225 circulars in the third tranche of recommendations. RRA 2.0 was set-up by the Reserve Bank of India to review the regulatory instructions, remove redundant and duplicate instructions and reduce the compliance burden on […]

DGFT extends relaxation for import of crushed & de-oiled GM soya cake

May 2, 2022 1893 Views 0 comment Print

Relaxation of import provisions under Notification No. 20/2015-20 dated 24.08.2021 to allow import of remaining quantity of 5.50 Lakh MT of crushed & de-oiled GM soya cake upto 30.9.2022 or until further orders, whichever is earlier. Bill of lading of such import consignments to be on or before 30.9.2022 and “Out of Charge” of such […]

Annual Aggregate Turnover (AATO) computation for FY 2021-22

May 2, 2022 14178 Views 0 comment Print

The functionality of AATO for the FY 2021-22 has now been made live on taxpayers’ dashboards with the following features: ♦ The taxpayers can view the exact Annual Aggregate Turnover (AATO) for the previous Financial Year (FY). ♦ The taxpayers can also view the Aggregate Turnover of the current FY based on the returns filed […]

Minimum Investment Grade Credit Ratings for Deposits of NBFCs

May 2, 2022 1752 Views 0 comment Print

On a review, it has been decided that the minimum investment grade credit rating for deposits of NBFCs shall be ‘BBB–’ from any of the SEBI-registered Credit Rating Agencies.

System and Network Audit of Market Infrastructure Institutions (MIIs)

May 2, 2022 2091 Views 0 comment Print

Securities and Exchange Board of India Circular No. SEBI/HO/MRD1/MRD1_DTCS/P/CIR/2022/58 | Dated: May 02, 2022 To, All Stock Exchanges, All Clearing Corporations, All Depositories Dear Sir / Madam, System and Network Audit of Market Infrastructure Institutions (MIIs) 1. Taking into account the rapid technological developments in the securities market and the entailing risks that these developments pose to […]

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