Notification & Circulars

Exchange rates Notification No.59/2021-Cus (NT) dated 15.07.2021

Notification No#59/2021 – Customs (N.T.) 15 July 2021

Government Of India Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi ***** Notification No. 59/2021 – Customs (N.T.) Dated 15th July, 2021 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 19..

Posted in Custom

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2021

Notification No#IBBI/2021-22/GN/REG075 14 July 2021

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 14th July, 2021 Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2021. No. IBBI/2021-22/GN/REG075.- In exercise of the powers conferred by c..

Posted in Corporate Law

Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify GST rates of various services as recommended by GST Council in its 44th meeting held on 12.06.2021

Notification No#04/2021- Central Tax (Rate) 14 July 2021

Government of India Ministry of Finance (Department of Revenue) Notification No. 04/2021- Central Tax (Rate) New Delhi, the 14th June, 2021 G.S.R......(E).- In exercise of the powers conferred by sub-section (1), sub-section (3) and sub-section (4) of section 9, sub-section (1) of section 11,..

Posted in GST

Reserve Bank of India takes supervisory action on Mastercard Asia / Pacific Pte. Ltd.

Notification No#Press Release: 2021-2022/530 14 July 2021

The Reserve Bank of India (RBI) has today imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021. Notwithstanding lapse of considerable time and adequate opportunities being ..

Posted in Community & General

Issue and Regulation of share capital and securities - Primary (Urban) Cooperative Banks - Draft circular for comments

Notification No#Press Release: 2021-2022/527 14 July 2021

The Banking Regulation (Amendment) Act, 2020 (No. 39 of 2020), notified in the Gazette of India on September 29, 2020 (vide Notification No. 64 of that date), and deemed to have come into force with effect from June 29, 2020 for Primary (Urban) Co-operative Banks (UCBs), has inter alia, made am..

Posted in Community & General

Notification No. 80/2021 [F. No. 300196/30/2018-ITA-I] / SO 2826(E)

Notification No#80/2021 14 July 2021

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 14th July, 2021 S.O. 2826(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the..

Posted in Income Tax

Notification No. 81/2021 [F. No. 300196/40/2018-ITA-I] / SO 2827(E)

Notification No#81/2021 14 July 2021

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 14th July, 2021 S.O. 2827(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the..

Posted in Income Tax

Retail Direct Scheme: Allowing Retail Investors to Open Gilt Accounts with RBI

Notification No#Press Release: 2021-2022/518 12 July 2021

Reserve Bank of India Retail Direct Scheme: Allowing Retail Investors to Open Gilt Accounts with RBI Date : Jul 12, 2021 As part of continuing efforts to increase retail participation in government securities, ‘the RBI Retail Direct’ facility was announced in the Statement ..

Posted in Community & General

Seeks to exempt basic customs duty on imports of specified API/ excipients for Amphotericin B and raw materials for manufacturing COVID test kits, till specified period

Notification No#35/2021–Customs 12 July 2021

MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 35/2021–Customs Dated: 12th July, 2021 G.S.R. 487(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satis..

Posted in Custom

RBI notification on Cassette - Swaps in ATMs

Notification No#RBI/2021-22/71 DCM (Plg.) No.S39/10.25.007/2021-22 12 July 2021

RBI/2021-22/71 DCM (Plg.) No.S39/10.25.007/2021-22 July 12, 2021 The Chairman / Managing Director & Chief Executive Officer All Scheduled Commercial Banks including RRBs Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks. Madam / Dear Sir, C..

Posted in Community & General