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Scheduled payments & small finance banks can conduct Govt agency business: RBI

December 15, 2021 786 Views 0 comment Print

It has now been decided to make scheduled payments banks and scheduled small finance banks eligible to conduct Government agency business. Any payment bank or small finance bank that intends to undertake Government agency business may be appointed as an agent of RBI upon execution of an agreement with RBI, provided that the overarching regulatory framework prescribed for these banks is complied with.

Election Laws (Amendment) Bill, 2021 introduced in Lok Sabha

December 15, 2021 1512 Views 0 comment Print

Election Laws (Amendment) Bill, 2021 is introduced in Lok  Sabha to amend section 28 of the Representation of the People Act, 1950 which confers power upon the Central Government to make rules. The matters on which rules may be made, inter alia, relate to—(a) the authority and the form and manner of intimation of Aadhaar […]

CA, Cost and Works Accountants and CS (Amendment) Bill, 2021

December 14, 2021 7749 Views 0 comment Print

THE CHARTERED ACCOUNTANTS, THE COST AND WORKS ACCOUNTANTS AND THE COMPANY SECRETARIES (AMENDMENT) BILL, 2021 – A BILL further to amend the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959 and the Company Secretaries Act, 1980.

Prompt Corrective Action (PCA) Framework for NBFCs

December 14, 2021 1932 Views 0 comment Print

The objective of the PCA Framework is to enable Supervisory intervention at appropriate time and require the Supervised Entity to initiate and implement remedial measures in a timely manner, so as to restore its financial health.

Public Holidays for Calendar Year 2022 in NCT of Delhi

December 14, 2021 4926 Views 1 comment Print

Government declares Public Holidays in the National Capital Territory of Delhi during the year 2022 under Section 25 of the Negotiable Instruments Act, 1881. GENERAL ADMINISTRATION DEPARTMENT (CO-ORDINATION BRANCH) NOTIFICATION Delhi, the 14th December, 2021 No. F.53/461/GAD/CN/2021/4041-4089.—In exercise of the powers conferred by Section 25 of the Negotiable Instruments Act, 1881 read with the Government […]

Central Government notifies operating lease as financial product

December 14, 2021 1455 Views 0 comment Print

Central Government hereby notifies operating lease including any hybrid of operating and financial lease of such product or equipment as may be specified by International Financial Services Centres Authority, as financial product.

Dam Safety Act, 2021

December 14, 2021 1680 Views 0 comment Print

It is hereby declared that it is expedient in the public interest that the Union should take under its control the regulation of uniform dam safety procedure for specified dam to the extent hereinafter provided.

Central Silk Board Silk-worm Seed (Amendment) Regulations, 2021

December 13, 2021 1785 Views 0 comment Print

1) These regulations may be called the Central Silk Board Silk-worm Seed (Amendment) Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

CBDT notifies e-Verification Scheme, 2021

December 13, 2021 18843 Views 0 comment Print

(1) The scope of e-Verification Scheme, 2021shall be in respect of: (i) calling for information under section 133 of the Act; (ii ) collecting certain information under section 133B of the Act; (iii) calling for information by the prescribed income-tax authority under section 133C of the Act; (iv) exercise of power to inspect registers of companies under section 134 of the Act; and (v) exercise of power of Assessing Officer under section 135 of the Act.

Khadi and Village Industries Commission Employees (Classification, Control and Appeal) (Amendment) Regulation, 2021

December 13, 2021 840 Views 0 comment Print

These Regulations may be called the Khadi and Village Industries Commission Employees (Classification, Control and Appeal) (Amendment) Regulation, 2021.

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