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Branches of Indian Banks operating in GIFT-IFSC acting as PCM of IIBX

June 7, 2022 876 Views 0 comment Print

Branches of Indian Banks operating in GIFT-IFSC – acting as Professional Clearing Member (PCM) of India International Bullion Exchange IFSC Limited (IIBX)

Punishment for non compliance- NFRA Amendment Rules, 2022

June 7, 2022 1689 Views 0 comment Print

Whoever contravenes any of the provisions of these rules, shall be punishable with fine not exceeding five thousand rupees, and where the contravention is a continuing one, with a further fine not exceeding five hundred rupees for every day after the first during which the contravention continues.

ICAI set up new Branch in Bhagalpur (Bihar) & Hanumangarh (Rajasthan)

June 6, 2022 2940 Views 0 comment Print

Institute of Chartered Accountants of India notified setting up of Branches of Central India Regional Council in Hanumangarh District (Rajasthan) and in Bhagalpur (Bihar). THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 6th June, 2022 (Chartered Accountants) No. 1-CA (7)/203/2022.— In pursuance of the Regulation […]

CBDT modifies conditions for eligible investment fund – Section 9A(8A)

June 6, 2022 891 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 59/2022-Income Tax | Dated: 6th June, 2022 S.O. 2602(E).—In exercise of the powers conferred by sub-section (8A) of section 9A of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act), the Central Government hereby specifies that […]

Provisioning for Standard assets by NBFC – Upper Layer

June 6, 2022 2787 Views 0 comment Print

Reserve Bank of India RBI/2022-23/61 DOR.STR.REC.40/21.04.048/2022-23 June 6, 2022 All Non-Banking Financial Companies (Including Housing Finance Companies) Madam / Dear Sir, Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer Please refer to the circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” wherein it was inter […]

Jute Bags (Quality Control) Order, 2022

June 6, 2022 1932 Views 0 comment Print

(1) This Order may be called the Jute Bags (Quality Control) Order, 2022. (2) It shall come in to force with effect from the date of issuance of the above

Amendments and additions to IFSCA Banking Handbook

June 6, 2022 450 Views 0 comment Print

Based on the feedback received from IBUs certain further amendments/additions have been carried out to the contents of the Handbook. The list of such amendments/additions is enclosed in the annexure to this circular.

Govt announces 8.10% Interest on EPF for the year 2021-22

June 3, 2022 1902 Views 0 comment Print

EPFO, HEAD OFFICE MINISTRY OF LABOUR & EMPLOYMENT, GOVERNMENT OF INDIA BHAVISHYA NIDHI BHAWAN, 14, BHIKAIJI LAMA PLACE, NEW DELHI 110066 www.epfindia.gov.in No. INV-11/2/2021-INV/4670 | Dated: Date: 03.06.2022 To, All ACC (HQ)/ ACC- In-charge of Zonal Offices All RPFC-I/ Officers-In-Charge, Regional offices. Subject: Declaration of Rate of Interest for the Employees’ Provident Fund Members Account for […]

Draft Chartered Accountants (2nd Amendment) Regulations, 2022

June 2, 2022 8805 Views 0 comment Print

ICAI notifies Draft Chartered Accountants (2nd Amendment) Regulations, 2022 vide notification dated 2nd June, 2022. and invites Public Comments on the Proposed Scheme of Education and Training The Ministry of Corporate Affairs has accorded its in-principle approval on the Proposed Scheme of Education and Training and draft amendments in the Chartered Accountants Regulations related thereto. In […]

RBI permits 14 reporting entities to perform Aadhaar authentication

June 2, 2022 807 Views 0 comment Print

RBI permits 14 reporting entities to perform authentication under the Aadhaar Act for the purposes of section 11A of Money-laundering Act

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