Press Releases

RBI releases Draft Report on Comprehensive Review of Market Timings

Press Release : 2019-2020/116 (10/07/2019)

RBI today released the draft report of Internal Working Group on Comprehensive Review of Market Timings. Comments on draft report are invited from market participants and other interested parties by July 31, 2019....

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Last date to opt alternate GST composition scheme extended

NA (04/07/2019)

It was recommended that the last date for filing the said intimation may be extended. Accordingly, a corrigendum dated 01.07.2019 to Circular No. 97/16/2019-GST has been issued extending the last date for filing the intimation for availing this benefit from 30.04.2019 to 31.07.2019....

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GST Annual Returns and Reconciliation Statement-12 Issues clarified

NA (03/07/2019)

The Government has been receiving a number of representations regarding Annual Return (FORM GSTR-9 / FORM GSTR-9A) and Reconciliation Statement (FORM GSTR-9C). In this regard the following clarifications are issued for information of all stakeholders: -...

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Insolvency and Bankruptcy Board of India Research Initiative, 2019

No. IBBI/PR/2019/18 (01/07/2019)

The Insolvency and Bankruptcy Board of India (IBBI), in its endeavour to promote research - legal, economic and interdisciplinary - and discourse in areas relevant for the evolving insolvency and bankruptcy regime in general, and that in India, announced the Insolvency and Bankruptcy Board of India Research Initiative, 2019 today....

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India ratifies Multilateral Convention to Prevent BEPS

NA (02/07/2019)

India has ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which was signed by the Hon’ble Finance Minister at Paris on 7th June, 2017 on behalf of India, alongwith representatives of more than 65 countries....

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Framework for Issuance of Differential Voting Rights (DVR) Shares

Press Relases No. 16/2019 (27/06/2019)

SEBI has held a Board Meeting on 27th June 2019 and discuss on following-  I. Framework for Issuance of Differential Voting Rights (DVR) Shares II. Amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – payment relating to royalty and brand usage III. Disclosure of Encumbrances IV. Review of Risk Manag...

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Public can continue to accept all the coins as legal tender: RBI

RBI/2018-19/223 DCM (NE) No.3057/08.07.18/2018-19, Press Release: 2018-2019/3056 (26/06/2019)

Reserve Bank appeals to members of the public not to give credence to such rumours and continue to accept these coins as legal tender in all their transactions without any hesitation....

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Financial Benchmark Administrators (Reserve Bank) Directions, 2019

Press Release: 2018-2019/3053, Circular No. RBI/2018-19/221, FMRD.FMSD. 17/03.07.035/2018-19 (26/06/2019)

The Reserve Bank of India today released the Financial Benchmark Administrators (Reserve Bank) Directions, 2019. These directions shall apply to Financial Benchmark Administrators administering ‘significant benchmarks’ in the markets for financial instruments regulated by the Reserve Bank. The identification of a benchmark as a ‘si...

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RBI forms Committee to Review ATM charges and fees

Press Release: 2018-2019/2914 (11/06/2019)

Reserve Bank of India Date : Jun 11, 2019 It was announced in the Part ‘B’ of the Second Bi-Monthly Monetary Policy for the year 2019-20 on June 6, 2019 that the Reserve Bank of India will constitute a Committee to Review the ATM Interchange Fee Structure with a view to give a fillip to the ATM deployment […]...

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Understanding Insolvency and Bankruptcy Code, 2016

Press Release No. IBBI/PR/2019/16 (09/06/2019)

Hon’ble Mr. Justice M. M. Kumar, President, National Company Law Tribunal (NCLT) released a publication titled ‘Understanding the Insolvency and Bankruptcy Code, 2016: Analysing developments in jurisprudence’, jointly prepared by the Insolvency and Bankruptcy Board of India and Vidhi Centre for Legal Policy....

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