Reserve Bank of India (RBI) has reviewed the borrowing limits in Call and Notice Money Markets for Scheduled Commercial Banks.
Reserve Bank of India’s rationalization of the branch authorization policy for Urban Co-operative Banks (UCBs). Understand the new general permission for branch expansion, simplified approval process, and reporting requirements and implications of these changes on UCBs and their growth opportunities. Reserve Bank of India (RBI) has recently announced a rationalization of the branch authorization policy […]
Reserve Bank of India’s framework for compromise settlements and technical write-offs, including the provisions, delegation of power, prudential treatment, reporting mechanism and impact of this framework on regulated entities and its implications for stressed assets. The Reserve Bank of India (RBI) has recently introduced a comprehensive regulatory framework for compromise settlements and technical write-offs, aiming […]
Notification No. 36/2023-Income Tax, provides tax exemptions under section 10(23FE) for foreign pension fund – 2743298 Ontario Limited, for eligible investments made in India
RBI announced enhancements to Trade Receivables Discounting System (TReDS), aiming to alleviate liquidity constraints for MSMEs.
Institute of Chartered Accountants of India (ICAI) has removed the names of 573 individuals from its Register of Members due to non-payment of prescribed fees. This notification, issued on June 3, 2023, provides details of the removal.
DGFT issued a notification amending the Import Policy Condition 6 (Pet Coke) under Chapter 27 of Schedule-I (Import Policy) of ITC (HS) 2022. The amendment allows the import of pet coke for specific industries such as cement, lime kiln, calcium carbide, gasification, and graphite electrode industries, on an actual user basis for use as feedstock […]
Ministry of Corporate Affairs has issued notification no. G.S.R. 411(E) and amended Limited Liability Partnership (LLP) Rules, 2009 vide Limited Liability Partnership (Amendment) Rules, 2023. The amended rules will come into effect from 02nd June 2023. One significant change introduced by the amendment is the substitution of LLP Form No. 3. This form is used […]
Companies (Accounts) Second Amendment Rules, 2023 specify that for the financial year 2022-2023, Form CSR-2 must be filed separately on or before March 31, 2024, after filing the specified forms AOC-4 or AOC-4-NBFC (Ind AS) or AOC-4 XBRL.
CBDT issued Notification No. 35/2023-Income Tax on 31st May, 2023 and introduces Income-tax (Eighth Amendment) Rules, 2023 to further amend rule 11UAC of Income-tax Rules, 1962. Amendment s substitutes clause (4) of rule 11UAC related to movable property, specifically equity shares of a public sector company or a company received through strategic disinvestment from a […]
