Press Releases

Himachal Pradesh Govt approves HP Legacy Cases Resolution Scheme

Press Release No. 75/2020-PUB (17/01/2020)

The Government of Himachal Pradesh has approved the Himachal Pradesh (Legacy Cases Resolution) Scheme under the Department of Excise and Taxation in the Cabinet Meeting held on 16.01.2020. The Scheme will address settlement of legacy cases under General Sales Tax, VAT, CST and other taxation laws subsumed under GST. 2. The scheme will be ...

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PACL Investors| Facility to view status of/deficiency in claim applications

Press Releases No. 2/2020 (15/01/2020)

The Committee had vide press release dated December 03, 2019 informed that an opportunity will be provided to all PACL investors/applicants with claims upto Rs. 5,000/-, whose claim applications were found deficient, to make good deficiencies as may be applicable to their claims, so as to enable their claims to be processed....

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CBDT relaxes eligibility for filing ITR Form-1 (Sahaj) & Form-4 (Sugam)

NA (09/01/2020)

It has been decided to allow a person, who jointly owns a single house property, to file his/her return of income in ITR-1 or ITR-4 Form, as may be applicable, if he/she meets the other conditions....

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IBBI (Liquidation Process) (Amendment) Regulations, 2020

Press Releases No. No. IBBI/PR/2020/01 and Notification No. IBBI/2019-20/GN/REG053 (06/01/2020)

Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 clarifies that a person, who is not eligible under the Code to submit a resolution plan for insolvency resolution of the corporate debtor, shall not be a party in any manner to a compromise or arrangement of the corporate debtor under section 230 ...

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Launch of Mobile Aided Note Identifier (MANI) by RBI

Press Release No. 2019-2020/1570-RBI (01/01/2020)

Reserve Bank of India Date : Jan 01, 2020 RBI Governor today launched the “Mobile Aided Note Identifier (MANI)”, a mobile application for aiding visually impaired persons to identify the denomination of Indian Banknotes. Indian banknotes contain several features which enable the visually impaired (colour blind, partially sighted and ...

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New Proposed Lending Norms For Urban-Cooperative Banks

Press Release: 2019-2020/1541 (30/12/2019)

RBI releases draft circular on Limits on Exposure to Single and Group Borrowers/Parties and Large Exposures and Revision in Priority Sector Lending Targets for UCBs...

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Informant policy related to insider trading laws wef 26.12.2019

PR No.31/2019 (24/12/2019)

Office of Informant Protection (‘OIP’): OIP has been established by SEBI as an independent office for receiving and processing Voluntarily Information Disclosure Form(s) (VID Form)....

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RBI releases Annual Report of Ombudsman Schemes

Press Release: 2019-2020/1444-RBI (17/12/2019)

The Banking Ombudsman Scheme (BOS) was notified by RBI in 1995 under Section 35A of the Banking Regulation Act, 1949. During 2018-19 the BOS was administered by RBI through 21 Offices of Banking Ombudsman (OBOs) covering all states and union territories...

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Conference on ‘IBC, 2016: Impact on Markets and Economy’

Press Release No. IBBI/PR/2019/32 (16/12/2019)

Insolvency and Bankruptcy Code, 2016 will have positive impact on GDP in the long term, though there may be some short terms pains, including growth costs, he said. Dr. Debroy emphasised that the success of the Code to a large extent depends upon the functioning of and processes adopted by the Adjudicating Authorities. He highlighted that...

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SEBI may not take action on anonymous or unverifiable complaints

Press Release No.: 29/2019-SEBI (11/12/2019)

SEBI gives utmost importance to all complaints either received anonymous or otherwise and takes necessary action after verifying the contents. However, SEBI may not be able to handle complaints which are anonymous and not specific or substantiated or verifiable....

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