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RBI Constitutes Committee on Development of Housing Finance Securitisation Market

May 30, 2019 570 Views 0 comment Print

To review the existing state of mortgage backed securitisation in India, including the regulations currently in place, and to make specific recommendations on suitably aligning the same with international norms; To analyse the prevalent structures for mortgage backed securitisation transactions in India, including legal, tax, valuation and accounting related issues, and suggest necessary modifications to address the requirements of both originators as well as investors;

MCA amends Schedule VII of Companies Act, 2013

May 30, 2019 14712 Views 0 comment Print

Central Government hereby makes the following further amendments to Schedule VII of the said Act, namely:- In the said Schedule VII, after item (xi) and the entries relating thereto, the following item and entries shall be inserted, namely:-

RBI hosts Symposium on ‘Developing Vibrant Capital Markets in Emerging Market Economies’

May 30, 2019 645 Views 0 comment Print

The Reserve Bank of India (RBI) on May 29, 2019 held a Symposium on ‘Developing Vibrant Capital Markets in Emerging Market Economies’ at its Central Office in Mumbai.

GST: Scrutiny of self assessed returns filed by registered persons

May 30, 2019 36792 Views 3 comments Print

SGST – Scrutiny of self assessed returns filed by registered persons -Discrepancies noticed – Failure to take corrective measures to rectify the discrepancies – Completion of assessments – guidelines issued- reg. Office of the Commissioner of State Goods and Services Tax Department Government of Kerala, Thiruvananthapuram No. CT/6845/2019-C1 Dated 30/05/2019 Circular No. 7/2019 Sub:- SGST […]

Draft Copyright (Amendment) Rules, 2019

May 30, 2019 1242 Views 0 comment Print

The following draft of certain rules to amend Copyright Rules, 2013 is hereby given and the draft will be taken into consideration after the expiry of a period of thirty days after 30th May, 2019. Objections or suggestion, if any, may be sent to the Joint Secretary to the Government of India, Ministry of Commerce […]

Amendment to Master Direction (MD) on KYC related to Aadhaar

May 29, 2019 1671 Views 0 comment Print

Important changes carried out in the Master Direction in accordance with the aforementioned amendments are listed hereunder: a) Banks have been allowed to carry out Aadhaar authentication/ offline-verification of an individual who voluntarily uses his Aadhaar number for identification purpose. (Section 16 of the amended MD on KYC)

RBI extends RTGS Timings for Customer Transactions

May 28, 2019 1206 Views 0 comment Print

RBI decided to extend the timings for customer transactions (initial cut-off) in RTGS from 4:30 pm to 6:00 pm  with effect from June 01, 2019. RBI/2018-19/189 DPSS (CO) RTGS No. 2488/04.04.016/2018-19 Date: May 28, 2019 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, Real […]

Amendment in procedure to implement Section 51A of Unlawful Activities (Prevention) Act, 1967

May 28, 2019 1548 Views 0 comment Print

In view of the reorganization of Divisions in the Ministry of Home Affairs and allocation of work relating to countering of terror financing to the Counter Terrorism and Counter Radicalization (CTCR) Division, the Government has modified the earlier order dated August 27, 2009 by the order dated March 14, 2019

Order No. 03/104 of 2019 Transfers & Postings of 36 Income Tax Officers

May 28, 2019 2391 Views 0 comment Print

ORDER No. 03/104 of 2019- The transfers and postings of the following Income Tax Officers are hereby ordered with immediate effect and until further orders.

Order No. 02/104 of 2019 Transfers & Postings of 24 Income Tax Officers

May 28, 2019 6672 Views 0 comment Print

ORDER No. 02/104 of 2019 The transfers and postings of the following Income Tax Officers, presently posted on in-situ basis, are hereby ordered with immediate effect and until further orders.

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