RBI notifies change in Bank Rate
On 05-08-2022, the Reserve Bank of India has issued a notification regarding the change in the bank rate. The Bank Rate is
Continue readingNotifications
Notifications issued by various government departments, government bodies etc.
RBI issues Master Circular on Credit Facilities to Minority Community
On 02-08-2022, the Reserve Bank of India (‘RBI') issued Master Circular on Credit Facilities to Minority Communities, consolidating all circulars
Continue readingRBI issues Master Circular- Credit facilities to Scheduled Castes & Scheduled Tribes
On 01-08-2022, the Reserve Bank of India (‘RBI') issued Master Circular — Credit facilities to Scheduled Castes (‘SC') & Scheduled
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GSTN introduces single click Nil filing of GSTR-1
On 02-08-2022, the Goods and Service Tax Network has introduced a Single click Nil filing of GSTR-1 on the GSTN portal in
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SEBI issues Operational Circular for listing obligations and disclosure requirements or Non- convertible Securities, Securitized Debt Instruments, and Commercial Paper
On 29-07-2022, the Securities and Exchange Board of India(‘SEBI') issued an operational circular for listing obligations and disclosure requirements or
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SEBI issues circular extending the timeline for Nomination/ Opting out for Mutual Fund Unit Holders
On 29-07-2022, the Securities and Exchange Board of India (‘SEBI') has extended the timeline for Nomination for Mutual Fund (‘MF')
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FSSAI issues Guidelines for submission of applications for endorsement of vegan logo
On 25-07-2022, FSSAI has issued Guidelines for submission of applications for endorsement of vegan logo in exercise of power conferred by sub-regulation
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SEBI issues circular permitting 155 entities to use e-KYC Aadhaar Authentication services as sub-KYC User Agency
On 20-02-2022, Securities and Exchange Board of India (‘SEBI') has issued guidelines on entities allowed to use e-KYC Aadhaar Authentication
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RBI issues revised regulatory framework for Urban Co-operative Banks (UCBs)
On 15-02-2021, the Reserve Bank of India had constituted the Expert Committee on Urban Co-operative Banks (‘the Committee’) to examine the issues
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Levy of GST on the fees payable to SEBI
On 18-07-2022, SEBI has issued a circular for all the Market Infrastructure Institutions, Companies who have listed / are intending list their
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Ministry of Finance notifies 7.1% rate of interest under the special deposit scheme
On 14-07-2022, the Ministry of Finance has notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and
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SEBI declares Zero coupon, zero principal bond as securities
The Central Government has declared “zero coupon zero principal instruments” as securities for the purposes of the Securities Contracts (Regulation) Act, 1956.
Continue readingRBI imposes penalty of more than Rs. 1 crore on Ola Financial Services Private Ltd. for non-compliance with Master Direction on Prepaid Payment Instruments, 2021 and Know Your Customer, 2016
On 12-07-2022, the Reserve Bank of India (‘RBI’) imposed a penalty of Rs 1 crore and 67.80 lakh on Ola Financial Services
Continue readingRBI issues guidelines on International Trade Settlement in Indian Rupees
On 11-07-2022, Reserve Bank of India has issued guidelines on International Trade Settlement in Indian Rupees to promote growth of
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SEBI issues circular on framework for Cyber Security and Cyber Resilience for all Qualified Registrars to an Issue and Share Transfer Agents
On 06-07-2022, Securities and Exchange Board of India (‘SEBI’) issued a circular on framework for Cyber Security and Cyber Resilience for all
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CBIC extends waiver of late fee for delay in filing Form GSTR-4 for FY 2021-22
On 05-07-2022, the Central Board of Indirect Taxes and Customs has waived the late fee for delay in furnishing Form GSTR-4 for
Continue readingRBI imposes Rs.1.5 crore penalty on Kotak Mahindra Bank Ltd for deficiency in regulatory compliance
The Reserve Bank of India (‘RBI’) has imposed a penalty of Rs. 1.5 crore on Kotak Mahindra Bank Ltd.(‘Kotak’) for contravening the
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Manner of obtaining certificate of registration by ‘Finance Company’ under IFSCA revised vide IFSCA (Finance Company) (Amendment) Regulations, 2022
On 1-7-2022, International Financial Services Centres Authority (IFSCA) notifies International Financial Services Centres Authority (Finance Company) (Amendment) Regulations, 2022. This Amendment seeks
Continue readingRBI issues circular on takeover/ acquisition of control of non- bank payment system operators and sale and transfer of payment system activity
On 04-07-2022, the Reserve Bank of India (‘RBI') has issued a circular determining the requirements for obtaining prior approval in
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SEBI issues circular on investor grievance mechanism to expedite redressal and disposal of complaints
On 04-07-2022, Securities and Exchange Board of India (‘SEBI') issued a circular on Investor Grievance Mechanism also amending its circular
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