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Month: September 2021

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specified Bank to mean a banking company which is a scheduled bank and has been appointed as agents of Reserve Bank of India under section 45 of the Reserve Bank of India Act, 1934

S.O. 3595(E).––In exercise of the powers conferred by clause (a) of Explanation to section 194P of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies specified Bank…

Clarification regarding extension of time limit to apply for revocation of cancellation of registration

New Delhi, dated the 6th September, 2021 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) The Principal Directors General / Directors…

ACCOUNT AGGREGATORS AND THEIR RELEVANCE

Meaning of Account Aggregators As per the Non-Banking Financial Company – Account Aggregator (Reserve Bank) Directions, 2016 Non-banking Financial Companies (NBFCs) that undertake the business of Account Aggregators (AA) provide…

Note on Master Directions on Prepaid Payment Instruments, 2021.

What is it about? Master directions issued by Reserve Bank of India (RBI) under Payment and Settlement Systems Act, 2007 on Prepaid Payment Instruments (PPIs) to: To provide framework for…

Income-tax (25th Amendment) Rules, 2021.

G.S.R. 604(E).—In exercise of the powers conferred by the first proviso to clause (11) of section 10 and the first proviso to clause (12) of section 10 read with section…

Notification – Vivad se Vishwas Act, 2020

New Delhi, the 31st August, 2021 S.O. 3536(E).—In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central…

Disclosure of risk-o-meter of scheme, benchmark and portfolio details to the investors

August 31, 2021 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds/ Association of Mutual Funds in India (AMFI)/ Registrar and Transfer Agents of Mutual…

Extension of time for seeking membership of BSE Administration & Supervision Limited

August 31, 2021 To All Investment Advisers Dear Sir / Madam, 1. SEBI in terms of Regulation 14 of the SEBI (Investment Advisers) Regulations, 2013(“ IA Regulations”) granted recognition to…