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Notaries (Amendment) Rules, 2022

June 9, 2022 17853 Views 0 comment Print

(1) These rules may be called the Notaries (Amendment) Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

RBI Increases policy repo rate by 50 basis points (Notifications)

June 8, 2022 729 Views 0 comment Print

As announced in the Monetary Policy Statement 2022-23 dated June 08, 2022, the Bank Rate is revised upwards by 50 basis points from 4.65 per cent to 5.15 per cent with immediate effect.

RBI Guidelines for Doorstep Banking by UCBs

June 8, 2022 1140 Views 0 comment Print

UCBs which offer services of pick-up of cash may take suitable steps to educate their employees and agents to enable them to detect forged and mutilated notes so as to avoid frauds and disputes with customers.

Enhancement in Individual Housing Loan limits & credit to Commercial Real Estate – Residential Housing (CRE-RH)

June 8, 2022 2028 Views 0 comment Print

Reserve Bank of India RBI/2022-23/67 DOR.CRE.REC.43/09.22.010/2022-23 June 08, 2022 All State Co-operative Banks (StCBs) All District Central Co-operative Banks (DCCBs) Madam / Dear Sir, Enhancement in Individual Housing Loan limits and credit to Commercial Real Estate – Residential Housing (CRE-RH) Please refer to our circulars RPCD CO.RCBD.BC.No.15 /03.03.01/2009-10 dated  August 13, 2009, RPCD.CO.RF.BC.No.109/07.38.01/2008-09 dated May […]

CBIC extends time period for furnishing final Mega power project certificate

June 7, 2022 1599 Views 0 comment Print

Seeks to amend notification no. 50/2017-Customs dated 30.06.2017 extending the time period for furnishing the final Mega power project certificate from 120 months to 156 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 126 months to 162 months, in case of provisional mega […]

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

June 7, 2022 978 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 1824 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 3156 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 981 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 3177 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 […]

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