The Reserve Bank of India will start imposing penalties on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards.
CBDT, in exercise of its power u/s 119 of the Income-tax Act, 1961 has issued a circular w.r.t. Extension of timelines for electronic filing of various Forms under the Income-tax Act, 1961.
MCA has notified the amendments in Section 135 as well in the CSR Rules on 22nd January 2021 with an aim to strengthen the CSR ecosystem, by improving disclosures and by simplifying compliances.
Government has announced various relief measures for several sectors under the AatmaNirbhar Bharat Abhiyan and has taken a number of initiatives to support the MSME Sector in the country.
Cabinet approves continuation of Centrally Sponsored Scheme for Fast Track Special Courts for further 2 years. 1023 Fast Track Special Court (FTSCs) to continue, including 389 exclusive POCSO Courts.
This scheme is available to government (owned), government-aided, or private institutions, irrespective of whether these institutions are situated in India or anywhere in the world.
IFSCA has recognized a Company Secretary as a Compliance Officer to be appointed under Regulation 130 of IFSCA (Issuance and Listing of Securities) Regulations, 2021 issued on 16th July 2021.
The need of the circular is to protect the interest of investors in securities, to promote the development of, and to regulate the securities market.
SEBI has issued guidelines for non-convertible debentures with warrants products, whereby it made the electronic book platform mandatory for the non-convertible debt instruments portion of the issue.
The scheme will be implemented by Customs through a simplified IT system while the rebate will be issued in the form of a transferable duty credit/electronic scrip which will be maintained by CBIC.
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