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Notifications/Circulars

RBI Master Circular – Guarantees and Co-acceptances

November 9, 2021 4005 Views 0 comment Print

(i) As a rule, banks should avoid giving unsecured guarantees in large amounts and for medium and long-term periods. They should avoid undue concentration of such unsecured guarantee commitments to particular groups of customers and/or trades.

Re-constitution of Committee for RODTFP

November 9, 2021 747 Views 0 comment Print

Government has constituted a Committee for a) determination of RODTEP rates for AA/EoU/SEZ exports and b) to give supplementary report/ recommendations on issues relating to errors or anomalies, with respect to the RODTEP Schedule of rates notified in the Appendix 4R.

Aadhaar (Authentication and Offline Verification) Regulations, 2021

November 8, 2021 4326 Views 0 comment Print

(1) These regulations may be called the Aadhaar (Authentication and Offline Verification) Regulations, 2021. (2) These regulations shall come into force on the date of their publication in the Official Gazette.

Conveyance allowance will not be a ‘wage’ under ESI Act: ESIC

November 8, 2021 12822 Views 1 comment Print

Hon’ble Supreme Court, in M/s Texmo Industries Vs. ESIC held that the payment of Conveyance Allowance on the fact of present case does not fall under the definition of term ‘wages’ as defined in section 2(22) of the ESI Act.

EPFO extends Atal Beemit Vyakti Kalyan Yojana till 30.06.2022

November 8, 2021 1098 Views 0 comment Print

Employees’ State Insurance Corporation hereby notifies its decision to extend Atal Beemit Vyakti Kalyan Yojana for a period 01.07.2021 to 30.06.2022 with enhanced rate of relief and relaxed eligibility conditions as notified in the Gazette of India, (Extraordinary), Part III – Section – 4 (Sl. No. 436) dated 16.10.2020. and Sl. No. 15 dated 11.01.2021.

Investment by Foreign Portfolio Investors (FPIs) in Debt Review

November 8, 2021 1305 Views 0 comment Print

FPIs can acquire debt securities issued by InvITs and REITs under the Medium-Term Framework (MTF) or the Voluntary Retention Route (VRR). Such investments shall be reckoned within the limits and shall be subject to the terms and conditions for investments by FPIs in debt securities under the respective regulations of MTF and VRR.

Role of material evidence under Rule 86A clarified- CBIC Chairman

November 8, 2021 1494 Views 0 comment Print

Guidelines for scrutinising proper availment of Input Tax Credit under Rule 86A of CGST Rules 2017 have been issued by GST Policy Wing on 02/11/2021. The guidelines inter alia lay the contours of the ‘reasons to believe’ test on objective parameters rather than on subjective consideration.

MahaRERA streamline process of hearing/disposal of complaints

November 8, 2021 3453 Views 0 comment Print

Following further procedure is prescribed in the matter of hearing to be conducted by the MahaRERA Conciliation and Dispute Resolution Forum in referred conciliation matters (online complaints) transferred by MahaRERA so as to achieve speedy disposal of complaints.

‘De Beers’ allowed to import diamonds for certification/ grading & re-exports

November 8, 2021 798 Views 0 comment Print

Para 4.42(3) of FTP 2015-20 stands amended to modify the name of the agency permitted to import diamonds to its laboratory for the purpose of certification/ grading & re-exports. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan ***** Notification No. 42/2015-2020-DGFT New Delhi, Dated 08 November 2021 […]

SEBI permits FPIs (surrendering registration) to write-off all debt securities

November 8, 2021 1047 Views 0 comment Print

SEBI permitted FPIs to write-off all debt securities in their beneficiary account which they are unable to sell for any reason. This shall be applicable only to such FPIs who wish to surrender their registration.

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