Notification & Circulars

Extension of time lines for electronic filing of various Forms under the Income-tax Act, 1961

Notification No#Circular No. 16/2021 29 August 2021

Circular No. 16/2021 F.N0. 225/49/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 29th August, 2021 Subject: Extension of time lines for electronic filing of various Forms under the Income-tax Act,1961 ..

Posted in Income Tax

RBI Review of incentive and other measures to enhance distribution of coins

Notification No#RBI/2021-22/93 DCM (CC) No.97527/03.41.01/2021-22 27 August 2021

Reserve Bank of India RBI/2021-22/93 DCM (CC) No.97527/03.41.01/2021-22 August 27, 2021 The Chairman / Managing Director & Chief Executive Officer (All Scheduled Commercial banks including RRBs) Madam / Dear Sir, Review of incentive and other measures to enhance distribution of..

Posted in Community & General

Master Directions on Prepaid Payment Instruments (PPIs)

Notification No#RBI/DPSS/2021-22/82 CO.DPSS.POLC.No.S-479/02.14.006/2021-22 27 August 2021

Reserve Bank of India RBI/DPSS/2021-22/82 CO.DPSS.POLC.No.S-479/02.14.006/2021-22 August 27, 2021 All Prepaid Payment Instrument Issuers (Banks and Non-banks) and System Participants Madam / Dear Sir, Master Directions on Prepaid Payment Instruments (PPIs) This has refe..

Posted in Community & General

RBI Enhancements to Indo-Nepal Remittance Facility Scheme

Notification No#RBI/2021-22/94 CO.DPSS.RPPD.No.S475/04.09.003/2021-22 27 August 2021

Reserve Bank of India RBI/2021-22/94 CO.DPSS.RPPD.No.S475/04.09.003/2021-22 August 27, 2021 The Chairman / Managing Director / Chief Executive Officer of all banks participating in NEFT Madam / Dear Sir, Enhancements to Indo-Nepal Remittance Facility Scheme The Indo-Nepal Remitta..

Posted in Community & General

RBI appoints Shri Ajay Kumar as new Executive Director

Notification No#PR : 2021-2022/746 26 August 2021

Reserve Bank of India Date : Aug 26, 2021 The Reserve Bank of India has appointed Shri Ajay Kumar as Executive Director (ED) with effect from August 20, 2021. Prior to being promoted as ED, Shri Ajay Kumar was heading the New Delhi Regional Office of the Bank as Regional Director. Sh..

Posted in Community & General

Payments Infrastructure Development Fund – Inclusion of PM SVANidhi Scheme beneficiaries

Notification No#PR : 2021-2022/747 26 August 2021

Reserve Bank of India Date : Aug 26, 2021 The Payments Infrastructure Development Fund (PIDF) Scheme was announced by the Reserve Bank on January 5, 2021. The objective of the scheme was to encourage deployment of Points of Sale (PoS) infrastructure (both physical and digital mo..

Posted in Community & General

SEBI : Modalities for implementation of the framework for Accredited Investors

Notification No#SEBI/HO/IMD/IMD-I/DF9/P/CIR/2021/620 26 August 2021

Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/IMD-I/DF9/P/CIR/2021/620 August 26, 2021 To, Recognized Stock Exchanges, Depositories, Alternative Investment Funds, Portfolio Managers, Investment Advisers Dear Sir/ Madam, Sub: Modalities for implementation of the..

Posted in Investments & Personal Finance

Frequently Asked Questions (FAQs) on Corporate Social Responsibility (CSR) -reg

Notification No#General Circular No. 14 /2021 25 August 2021

General Circular No. 14 /2021 E-file no.CSR-05/01/2021-CSR-MCA Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road New Delhi-110001. Dated: 25th August 2021 To, All Regional Director, All Registrar of Companies, All ..

Posted in Corporate Law

SEBI issues Circular on “Security and Covenant Monitoring using Distributed Ledger Technology”

Notification No#PR No. 26/2021 25 August 2021

Securities and Exchange Board of India PR No. 26/2021 SEBI issues Circular on “Security and Covenant Monitoring using Distributed Ledger Technology” In order to strengthen the process of security creation and monitoring of security created, asset cover and covenants of the non-c..

Posted in Investments & Personal Finance

Notification as ‘Financial Institution’ under Section 2(1)(m)(iv) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)

Notification No#RBI/2021-22/91 DOR.FIN.REC.No.41/03.10.136/2021-22 25 August 2021

RBI/2021-22/91 DOR.FIN.REC.No.41/03.10.136/2021-22 August 25, 2021 All Housing Finance Companies (HFCs) Dear Sir/ Madam, Notification as ‘Financial Institution’ under Section 2(1)(m)(iv) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Int..

Posted in Community & General