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MCA Designates Special Courts at ‘Ranchi’ under Company Law

May 5, 2022 741 Views 0 comment Print

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 […]

Application for advance ruling – CBDT amends Rule 44E & Forms

May 5, 2022 5856 Views 0 comment Print

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 […]

Companies (Prospectus and Allotment of Securities) Amendment Rules, 2022

May 5, 2022 9543 Views 0 comment Print

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 Increase Policy Rates by 40 basis Points- Read Notifications

May 4, 2022 2559 Views 0 comment Print

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 […]

LIC IPO: ASBA designated branches to remain open on 08.05.2022 (Sunday)

May 4, 2022 3561 Views 0 comment Print

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).

SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2022

May 4, 2022 1296 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2022. They shall come into force on the date of their publication in the Official Gazette.

Companies (Share Capital and Debentures) Amendment Rules, 2022

May 4, 2022 19995 Views 0 comment Print

(1) These rules may be called the Companies (Share Capital and Debentures) Amendment Rules, 2022. (2) They shall come into force from the date of their publication in the Official Gazette.

IRDAI appoints two members to Insurance Advisory Committee

May 4, 2022 411 Views 0 comment Print

1. Prakash Kumar, former Chief Executive Officer, GST Network, is appointed as Member of the Insurance Advisory Committee from the date of notification, and 2. Venkat Changavalli, Management Consultant is appointed as Member of the Insurance Advisory Committee from the date of notification

Bank to maintain average Cash Reserve Ratio (CRR) of 4.50%: RBI

May 4, 2022 2004 Views 0 comment Print

RBI notifies that average Cash Reserve Ratio (CRR) required to be maintained by every bank shall be 4.50 per cent of its net demand and time liabilities effective from the reporting fortnight beginning May 21, 2022.

RBI withdraws 225 circulars in third tranche of recommendations

May 2, 2022 1653 Views 0 comment Print

Regulations Review Authority (RRA 2.0) – Interim Recommendations – Third tranche Regulations Review Authority (RRA 2.0) has recommended withdrawal of additional 225 circulars in the third tranche of recommendations. RRA 2.0 was set-up by the Reserve Bank of India to review the regulatory instructions, remove redundant and duplicate instructions and reduce the compliance burden on […]

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