Notification & Circulars

Notification No. 59/2020-Customs (N.T./CAA/DRI), Dated: 19.11.2020

Notification No#Notification No. 59/2020-Customs (N.T./CAA/DRI) 19 November 2020

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) Notification No. 59/2020-Customs (N.T./CAA/DRI) New Delhi, the 19th November, 2020 S.O. 4176(E). - In pursuance of notification No. 60/2015-Customs (N.T.),..

Posted in Custom

Master Circular: Unclaimed Amounts of Policyholders

Notification No#Ref. No:IRDA/F&A/CIR/Misc/282 /11/2020 18 November 2020

Circular Ref. No:IRDA/F&A/CIR/Misc/282 /11/2020 Date:18-11-2020 All Life/ General/ Health Insurers Master Circular: Unclaimed Amounts of Policyholders The Authority has issued various directions regarding the Unclaimed Amounts of Policyholders from time to time. A..

Posted in Corporate Law

RBI's provisions of Sections 45-IA, 45-IB, and 45-IC to not apply to NBFCs

Notification No#No. DOR.049/CGM(MM)–2020 18 November 2020

RESERVE BANK OF INDIA (Department of Regulation) NOTIFICATION Mumbai, the 18th November, 2020 No. DOR.049/CGM(MM)–2020. - In exercise of the power conferred by section 45-NC of the Reserve Bank of India Act, 1934, and in supersession of the earlier notification No. DOR. 047/CGM (M..

Posted in Community & General

In exercise of the powers conferred by clause b of sub section 1 of Section 29A of National Housing Bank Act

Notification No#No. DOR.048/ED(SS)–2020 18 November 2020

RESERVE BANK OF INDIA (Department of Regulation) NOTIFICATION Mumbai, the 18th November, 2020 No. DOR.048/ED(SS)–2020. - In exercise of the powers conferred by clause (b) of sub-section (1) of Section 29A of National Housing Bank Act, 1987 (53 of 1987), the Reserve Bank of..

Posted in Community & General

The Lakshmi Vilas Bank Ltd.: RBI announces Draft Scheme of Amalgamation

Notification No#2020-2021/647 17 November 2020

Reserve Bank of India Date : Nov 17, 2020 The Lakshmi Vilas Bank Ltd.: RBI announces Draft Scheme of Amalgamation The Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Lakshmi Vilas Bank Ltd. (LVB) with DBS Bank India Ltd. (DBIL), a..

Posted in Community & General

Supersession of the Board of Directors - Appointment of Administrator – The Lakshmi Vilas Bank Ltd

Notification No#2020-2021/646 17 November 2020

Reserve Bank of India Date : Nov 17, 2020 Supersession of the Board of Directors – Appointment of Administrator – The Lakshmi Vilas Bank Ltd In exercise of the powers conferred under Sub-section (1) of Section 36 A C A of the Banking Regulation Act 1949, the Reserve Bank ha..

Posted in Community & General

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..

Posted in Community & General

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..

Posted in Community & General

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..

Posted in Community & General

IBBI (Liquidation Process) (Fourth Amendment) Regulations, 2020

Notification No#IBBI/2020-21/GN/REG067 13 November 2020

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 13th day of November, 2020 Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations, 2020. IBBI/2020-21/GN/REG067. - In exercise of the powers conferred by clause (t) of su..

Posted in LAW