Reserve Bank of India, hereby declares that the provisions of sub-section (1) of section 15 of the said Act shall not apply to a banking company for a period upto 31st March, 2026, in so far as it relates to the treatment of unamortised expenditure on account of enhancement in family pension as set out in the Reserve Bank of India circular
CBDT inserts new Rule 2DCA Computation of minimum investment & exempt income for Section 10(23FE) vide Notification No. 50/2022-Income Tax Dated 6th May, 2022 and also – -Substituted Form No. 10BBB [See rule 2DB] – Intimation by Pension Fund of investment under clause (23FE) of section 10 of the Income-tax Act, 1961 -Substituted Form No 10BBC […]
The Ministry of MSME had replaced the erstwhile Udyog Aadhaar Registration for MSME with Udyam Registration vide its Notification No. S.O. 2119(E) dated 26th June, 2020. Consequently, the existing MSME registered enterprises were required to migrate from Udyog to Udyam from 1st July, 2020 onwards. However, the existing enterprises registered prior to 30th June, 2020 […]
Food Safety and Standards (Ayurveda Aahara) Regulations, 2022 – Ayurveda Aahara means a food prepared in accordance with the recipes or ingredients or processes as per method described in the authoritative books of Ayurveda listed under ‘Schedule A’ of these regulations including products which have other botanical ingredients in accordance with the concept of Ayurveda Aahara but does not include Ayurvedic drugs or proprietary Ayurvedic medicines and medicinal products, cosmetics, narcotic or psychotropic substances, herbs listed under Schedule E-1 of Drug and Cosmetics Act, 1940 and the Drug and Cosmetics Rules, 1945, metals based Ayurvedic drugs or medicines, bhasma or pishti and any other ingredients notified by the Authority from time to time.
LoA of the Plastic Recycling units in SEZs and EOUs may be extended for 5 years by the Board of Approval subject to fulfillment of other conditions/norms. Other conditions of the Policy Guidelines dated 27.05.2021 in respect of Plastic recycling units will remain unchanged.
Chief Justice of High Court of Jharkhand, designates Court of Additional Judicial Commissioner, Ranchi in Jharkhand as Special Court for providing speedy trial of offences punishable with imprisonment of two years or more as per section 435(2)(a) of Companies Act, 2013. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th May, 2022 S.O. 2099(E).—In exercise […]
CBDT amended rule Rule 44E of the Income Tax Rules, 1962 related to Application for obtaining an advance ruling and introduces amended FORM No. 34C , 34D, 34DA, 34E and 34EA vide Notification No. 49/2022-Income Tax| Dated: 5th May, 2022. Details of Forms are as follows:- FORM No. 34C – Form of application by a […]
No offer or invitation of any securities under this rule shall be made to a body corporate incorporated in, or a national of, a country which shares a land border with India, unless such body corporate or the national, as the case may be, have obtained Government approval under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 and attached the same with the private placement offer cum application letter
RBI notification on change in Cash Reserve Ratio (CRR) from 4.00 percent to 4.50 percent, Change in Bank Rate from 4.25 per cent to 4.65 per cent, Change in Liquidity Adjustment Facility (LAF) to 4.40 per cent from 4.00 per cent, change in standing deposit facility (SDF) rate from 3.75 per cent to 4.15 per cent […]
Government of India, in order to facilitate bidding for LIC IPO, has requested that all bank branches designated to process ASBA (Application Supported by Blocked Amount) applications may be kept open for public on May 8, 2022 (Sunday).
