New GST Appellate Tribunal (GSTAT) established from Sep 2023 with state-wise benches for efficient resolution. Check locations and circuit details.
IFSCA circular allows CRAs in IFSC to offer ESG ratings and data products, promoting sustainability, transparency, and governance in financial services.
Penalty imposed on Bhadla Three SKP Green Ventures Pvt Ltd for violation of Section 90(4) of Companies Act, 2013. Total penalty: ₹5,91,000.
Notification 19/2024 reduces Special Additional Excise Duty on petroleum crude. Effective from August 1, 2024. Read the full details and implications here.
The Ministry of Finance has updated Customs Notification No. 50/2017 with a 10% BCD on laboratory chemicals. New rules apply from August 1, 2024.
The Reserve Bank of India (RBI) has released a draft framework on alternative authentication mechanisms for digital payment transactions to enhance security in the digital payments ecosystem. Traditionally, SMS-based OTP has been the primary method for additional factor authentication (AFA). However, advancements in technology now offer alternative methods. The draft framework, announced in the RBI’s […]
RBI releases draft directions to enhance security and due diligence for AePS touchpoint operators, aiming to prevent fraud and protect customer interests. Comments open until August 31, 2024.
RBI allows UCBs to transfer Dividend Equalisation Fund balances to general reserves, enhancing Tier-I capital. New guidelines effective immediately for better capital treatment.
The Reserve Bank of India (RBI) has issued the Master Direction on the Treatment of Wilful Defaulters and Large Defaulters (Directions, 2024) to establish a clear framework for identifying and managing borrowers who deliberately default on their financial obligations. This directive, effective in 90 days, mandates a transparent process for classifying defaulters, including detailed procedures […]
IBBI suspends insolvency professional Rakesh Kumar Gupta for one year due to errors in creditor handling, delays and procedural violations under IBC.
