Others Notification & Circulars

The Lakshmi Vilas Bank Ltd. placed under Moratorium

Notification No#2020-2021/645 17 November 2020

Reserve Bank of India Date : Nov 17, 2020 The Lakshmi Vilas Bank Ltd. placed under Moratorium The financial position of The Lakshmi Vilas Bank Ltd. (the bank) has undergone a steady decline with the bank incurring continuous losses over the last three years, eroding its net-worth. In a..

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Maintenance of Escrow Account with a Scheduled Commercial Bank

Notification No#RBI/2020-21/68 DPSS.CO.PD.No.660/02.14.008/2020-21 17 November 2020

Reserve Bank of India RBI/2020-21/68 DPSS.CO.PD.No.660/02.14.008/2020-21 November 17, 2020 All Scheduled Commercial Banks / Authorised Prepaid Payment Instrument Issuers / Payment Aggregators / Payment System Providers / System Participants Madam / Dear Sir, Maintenance of Escrow Ac..

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Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999

Notification No#RBI/2020-21/67 A.P. (DIR Series) Circular No. 06 17 November 2020

RBI/2020-21/67 A.P. (DIR Series) Circular No. 06 November 17, 2020 To All Category-I Authorised Dealer Banks Madam / Sir Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999 The attention of Authorized Dealer Category-I (AD Category-I) bank..

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Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999

Notification No#RBI/2020-21/66 A.P. (DIR Series) Circular No. 05 13 November 2020

Reserve Bank of India RBI/2020-21/66 A.P. (DIR Series) Circular No. 05 Dated: November 13, 2020 To All Authorised Persons Madam/Sir Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999 The attention of Authorised Persons is invited to the Master D..

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Digital Payment Transactions – Streamlining QR Code infrastructure

Notification No#RBI/2020-21/59 DPSS.CO.PD.No.497/02.14.003/2020-21 22 October 2020

Reserve Bank of India RBI/2020-21/59 DPSS.CO.PD.No.497/02.14.003/2020-21 October 22, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Digital Payment Transactions – Streamlining QR Code ..

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Framework for Recognition of a Self-Regulatory Organisation for Payment System Operators

Notification No#RBI/2020-21/58 DPSS.CO.PD.No.503/02.12.004/2020-21 22 October 2020

Reserve Bank of India RBI/2020-21/58 DPSS.CO.PD.No.503/02.12.004/2020-21 October 22, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Framework for Recognition of a Self-Regulatory Organisatio..

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RBI kept policy repo rate unchanged at 4.0 per cent

Notification No#Press Release: 2020-2021/453 09 October 2020

Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) October 7-9, 2020 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (October 9, 2020) decided to: keep the policy re..

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Statement on Developmental and Regulatory Policies

Notification No#Press Release: 2020-2021/454 09 October 2020

Even as the threat of COVID-19 is yet to abate, with the gradual lifting of restrictions on movement of people and opening of business establishments across the country, a resumption of economic activities is well underway. The role of the financial sector during this phase of recovery will continue..

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Guidelines for the CS trainees attending the office during the Period of Unlock-5

Notification No#Circular No-Trg-05/2020 07 October 2020

Institute of Company Secretaries of India ICSI/TRG/2020 07.10.2020 Circular No-Trg-05/2020 (Directorate of Training) Subject: Guidelines for the CS trainees attending the office during the Period of Unlock-5. This is in continuation to the Circular No. ICSI/TRG/2020 dated 30th..

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Extension in the provision of making e MSOP accessible to eligible students by relaxing the criterion of two years time bar up to 31.12.2020

Notification No#Circular No : Trg-04/2020 07 October 2020

THE INSTITUTE OF Company Secretaries of India Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) ICSI/TRG/2020 07.10.2020 Circular No : Trg-04/2020 Directorate of Training Extension in the provision of making e MSOP accessible to..

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