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Notification & Circulars


External Trade–Facilitation- Export of Goods and Services

 Notification No#RBI/2020-21/77 A.P. (DIR Series) Circular No. 08     04 December 2020

Reserve Bank of India RBI/2020-21/77 A.P. (DIR Series) Circular No. 08 December 04, 2020 To, All Category – I Authorised Dealer Banks Madam / Sir, External Trade–Facilitation- Export of Goods and Services Please refer to the Statement on Development and Regulatory P..

Posted in Others

24×7 Availability of Real Time Gross Settlement (RTGS) System

 Notification No#RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21     04 December 2020

Reserve Bank of India RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, 24×7 Availability of Real Time Gross Settlement (RTGS) System A ..

Posted in Others

Processing of e-mandates for recurring transactions

 Notification No#RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21     04 December 2020

Reserve Bank of India RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central C..

Posted in Others

Authorisation of entities for operating a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act) – Introduction of Cooling Period

 Notification No#RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21     04 December 2020

Reserve Bank of India RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive Officer Non-bank Payment System Operators Madam / Dear Sir Authorisation of entities for operating a Payment System under the Payment and ..

Posted in Others

Computation of fee payable for delay in filings under regulation 40B of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

 Notification No#No. IBBI/CIRP Forms/2020      04 December 2020

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Clarification No. IBBI/CIRP Forms/2020 4th December, 2020 Subject: Computation of fee payable for delay in filings under regulation 40B of the IBBI (Insolvency Resolution Process f..

Posted in Corporate Law

Declaration of dividends by banks

 Notification No#RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21     04 December 2020

RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. ..

Posted in Others

Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs)

 Notification No#RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21     04 December 2020

RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity managem..

Posted in Others

Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020

 Notification No#21/2020     04 December 2020

Circular No. 21 /2020 F. No. IT(A)/1/2020-TPL Government of India  Ministry of Finance  Department of Revenue  Central Board of Direct Taxes Dated: 4th December, 2020  Sub.: Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 - reg. With the obje..

Posted in Income Tax

Seeks to rescind notification No. 30/2015-Customs (ADD), dated 12th June 2015 to revoke the levy of ADD on imports of "Nylon Tyre Cord Fabric " originating in or exported from China PR

 Notification No#Notification No. 45/2020-Customs (ADD)     03 December 2020

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 45/2020-Customs (ADD) New Delhi, the 3rd of December, 2020 G.S.R. (E).- In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), th..

Posted in Custom

Information to the public on revision in Health Insurance Premium

 Notification No#03-12-2020     03 December 2020

There are some reports in the media about hike in health insurance premium rates by general and health insurers. Some of the news items attributed the increase in health insurance premiums to certain recent regulatory initiatives taken by IRDAI. In this regard it is clarified that insurers were perm..

Posted in Miscellaneous