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CBDT Amends Rules 12CA, 12CC & Forms 10IH, 64A, 64B, 64C, 64D, 64E & 64F

February 24, 2025 5241 Views 0 comment Print

CBDT updates income tax rules and forms for business and securitization trusts. Notification 17/2025 amends Rules 12CA & 12CC, impacting Forms 10IH, 64A-F, for streamlined reporting.

RBI Revises Prudential Norms for Urban Co-Op Banks

February 24, 2025 2139 Views 0 comment Print

The RBI has revised prudential norms for Urban Co-Op Banks, including small loan limits, real estate exposure, and provisioning requirements.

Passport Rules 2025: Updated Proof of Date of Birth Requirements

February 24, 2025 2412 Views 0 comment Print

Passports (Amendment) Rules, 2025, update proof of date of birth requirements for passport applications, effective from 24th February, 2025

IRDAI Sets 4% Reinsurance Cession for 2025-26

February 24, 2025 2433 Views 0 comment Print

IRDAI mandates a 4% obligatory cession to GIC Re for 2025-26, excluding terrorism and nuclear risks. Learn about commission rates and profit-sharing terms.

RBI (Forward Contracts in Government Securities) Directions, 2025

February 21, 2025 2031 Views 0 comment Print

RBI releases Directions 2025 for forward contracts in government securities, applicable from May 2, 2025, outlining eligibility, settlement, and market regulations.

Notification 15/2025: Amendments to notification No. 50/2017-Customs

February 20, 2025 7944 Views 0 comment Print

The Ministry of Finance issues Notification 15/2025-Customs, amending Notification 50/2017. Changes impact S.No. 551 and 555, effective immediately.

ICAI Issues Corrigendum for CA Firm Merger Guidelines 2024

February 18, 2025 810 Views 0 comment Print

ICAI corrects formatting errors in CA Firm Merger Guidelines 2024, addressing alignment issues in seniority, partnership firms, and merger-related provisions.

RBI Updates Rules for Government Securities Transactions within NDS-OM

February 17, 2025 1062 Views 0 comment Print

RBI permits matching, clearing, and settlement of Government securities transactions between PMs and GAHs on NDS-OM. Optional CCIL settlement included.

FSSAI Amends Notification on Central Food Safety Officers

February 17, 2025 762 Views 0 comment Print

FSSAI revises Central Food Safety Officers list, updates jurisdiction for Eastern and Northern regions. Details of the amendment and changes in notification inside.

RBI Amends Basel III Investment Norms for AIFIs

February 17, 2025 1377 Views 0 comment Print

RBI revises Basel III norms, excluding certain AIFI investments in long-term bonds from the 25% HTM ceiling. Changes effective from April 1, 2025.

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