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Notifications/Circulars

Cassette – Swaps in ATMs – Implemented till 31.03.2022

July 12, 2021 1269 Views 0 comment Print

Banks were advised to consider using lockable cassettes in their ATMs which shall be swapped at the time of cash replenishment. It has been decided to extend the timeline for implementation of cassette swap in all ATMs till March 31, 2022.

Mandatory Leave for Bank Employees Posted in Sensitive Positions or Areas of Operation

July 9, 2021 2883 Views 0 comment Print

The banks shall put in place a ‘mandatory leave’ policy wherein the employees posted in sensitive positions or areas of operation shall be compulsorily sent on leave for a few days (not less than 10 working days) in a single spell every year, without giving any prior intimation to these employees, thereby maintaining an element of surprise.

Delhi Govt notifies Rules for Registration of Births

July 9, 2021 1623 Views 0 comment Print

Delhi Government notifies Delhi Registration of Births and Deaths (Amendment) Rules, 2021 vide Notification No. F. 4(18)/VS/DES/2020/10020 Dated 9th July, 2021 and provided as follows:- 1. Where the birth of any child had been registered without a name, the parent or guardian of such child shall, within twelve months from the date of registration of […]

Guidance note for companies undergoing Corporate Insolvency Resolution Process

July 9, 2021 3978 Views 0 comment Print

Insolvency professional is required to ensure that the company complies with the applicable laws, including SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018.

Mutual Fund to provide justification for not exercising put option

July 9, 2021 666 Views 0 comment Print

If the put option is not exercised by a Mutual Fund, while exercising the put option would have been in favour of the scheme; i. A justification for not exercising the put option shall be provided by the Mutual Fund to the Valuation Agencies, Board of AMC and Trustees on or before the last date of the notice period.

Framework for setting up of ITFS for providing Trade Finance Services at IFSCs

July 9, 2021 1878 Views 0 comment Print

Framework for setting up of International Trade Financing Services Platform (‘ITFS’) for providing Trade Finance Services at International Financial Services Centres (‘IFSCs’).

India enters Extradition with Republic of Malawi

July 9, 2021 612 Views 0 comment Print

WHEREAS, the Extradition Treaty Between the Government of the Republic of India and the Government of the Republic of Malawi was signed at Lilongwe on the 5th November, 2018 and the Instruments of Ratification of the said Treaty were exchanged at New Delhi on the 26th February 2021;

Section 10(46) exemption to Haryana Building and Other Construction Workers Welfare Board

July 9, 2021 1716 Views 0 comment Print

Vide Notification No. 78/2021-Income Tax | Dated: 9th July , 2021 CBDT notifies Tax Exemption to ‘Haryana Building and Other Construction Workers Welfare Board’ (PAN AAATH6995H), a Board constituted by the State Government of Haryana, in respect of the specified income under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) […]

Chartered Accountants (Amendment) Regulations, 2021

July 8, 2021 15336 Views 0 comment Print

ICAI notifies Revised FORM 18; Allows Partnership with CA, CS, CMA etc. ICAI vide Notification No. 1-CA(7)/197/2021 dated 8th July, 2021 notifies revised format of FORM 18 which is a form to Intimate PARTICULARS OF OFFICES AND FIRMS and Changes in the same. Revised form 18 is applicable from 8th July 2021. Regulation by which […]

Roadmap for LIBOR Transition

July 8, 2021 1566 Views 0 comment Print

RBI issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from London Interbank Offered Rate (LIBOR).

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