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Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021

October 26, 2021 3585 Views 0 comment Print

Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021 covers instructions regarding the components of capital and the capital required to be provided for by banks for credit and market risks

Spices Board (Registration of Exporters) (Amendment) Regulations, 2021

October 25, 2021 1311 Views 0 comment Print

Spices Board (Registration of Exporters) (Amendment) Regulations, 2021 as notified by Notification No. F. No. MKT-REGN/0002/2017 Dtd. 25th October, 2021 By exercising the powers conferred under Section 39 of the Spices Board Act, 1986, the Spices Board, with the previous approval of the Central Government, has notified a set of amendment regulations to further amend […]

CBDT designates Special Courts in Manipur

October 25, 2021 660 Views 0 comment Print

Central Government, in consultation with the Chief Justice of the High Court of Manipur designates Special Court in the Manipur under Section 280A(1) of Income Tax Act 1961 vide Notification No. 124/2021 – Income Tax Dated: 25th October, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) (Investigation Division-V) New Delhi Notification […]

CBDT designates Special Courts in GOA

October 25, 2021 570 Views 0 comment Print

Central Government, in consultation with the Chief Justice of the High Court of Bombay designates Special Court in the Goa under Section 280A(1) of Income Tax Act 1961 vide Notification No. 123/2021 – Income Tax Dated: 25th October, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) (Investigation Division-V) New Delhi Notification […]

CBDT designates Special Courts in Karnataka

October 25, 2021 1230 Views 0 comment Print

Central Government, in consultation with the Chief Justice of the High Court of Karnataka designates Special Court in the Karnataka under Section 280A(1) of Income Tax Act 1961 vide Notification No. 122/2021 – Income Tax Dated: 25th October, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) (Investigation Division-V) New Delhi Notification […]

CBIC amends notification No. 25/2021-Customs dated 31.03.2021

October 24, 2021 5637 Views 0 comment Print

Seeks to amend notification No. 25/2021 – Customs dated 31.03.2021 vide Notification No. 51/2021-Customs Dated 22nd October, 2021. MINISTRY OF FINANCE (Department of Revenue) Notification No. 51/2021-Customs New Delhi, the 22nd October, 2021 G.S.R. 757(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the […]

ICAI Takes action against 22 Members | 490 extra Audit- 490K Penalty

October 22, 2021 55878 Views 2 comments Print

ICAI has issued 22 Notifications Dated 22nd October 2021 by which it has Taken action against 22 Chartered Accountants for Violation of Code of Ethics and for Professional Misconduct. In one case ICAI has Taken against a member and member has been ordered to pay a fine of Rs. 1000/- for each case of audit […]

Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs

October 22, 2021 10506 Views 1 comment Print

The contribution of NBFCs towards supporting real economic activity and their role as a supplemental channel of credit intermediation alongside banks is well recognised. Over the years, the sector has undergone considerable evolution in terms of size, complexity, and interconnectedness within the financial sector.

Sovereign Gold Bond Scheme (SGB) 2021-22- Series VII/VIII/IX/X

October 22, 2021 9195 Views 0 comment Print

Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in four tranches from October 2021 to March 2022 as per the calendar specified below:

Sovereign Gold Bond Scheme – Procedural Guidelines – Consolidated

October 22, 2021 2091 Views 0 comment Print

The Sovereign Gold Bonds (henceforth referred to as bonds) are issued by Government of India (GOI) as Government of India Stock in accordance with Section 3 of the Government Securities Act, 2006 (GS Act 2006). The eligibility condition and other terms and condition are specified in the relevant notifications of Government of India issued from time to time.

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