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Month: October 2021

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  • Opening of Current Accounts by Banks – Need for Discipline

Opening of Current Accounts by Banks – Need for Discipline

October 29, 2021 All Scheduled Commercial Banks All Payments Banks Madam/Sir, Please refer to our circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on the captioned subject and associated circulars thereon1. 2.…

General Circular No. 17 /2021

Doted: 29th October 2021 To DGCoA, All Regional Directors, All Registrar of Companies, All Stakeholders. Subject : Relaxation on levy of additional fees in filing of e-forms AOC-4, AOC-4 (CFS),…

Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes

October 27, 2021 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds / Association of Mutual Funds in India (AMFI) Sir/ Madam, 1. In order…

Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021.

October 26, 2021 All Local Area Banks Dear Sir / Madam, The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to Local…

Relaxations in paying additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships upto 30th December, 2021.

Dated: 26.10.2021 To, The DGCoA, All Regional Directors, All Registrar of Companies, Al Stakeholders. Sir/Madam, This Ministry has received a representation seeking extension of timeline for filing the Statement of…

Guidelines under clause (23FE) of section 10 of the Income-tax Act, 1961

Finance Act, 2020, inter-alia, inserted clause (23FE) of section 10 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) to provide for exemption to sovereign wealth funds and…

Clarification regarding Section 36(1)(xvi i) of the Income-tax Act. 1961 inserted vide Finance Act. 2015

The Finance Act, 2015 inserted the following clause (xvii) in sub-section (1) of section 36 of the Income-tax Act, 1961 (the Act) to provide for deduction on account of the…

Amendment to SEBI Circulars pertaining to Investor Grievance Redressal System and Arbitration Mechanism

October 22, 2021 To, The Managing Directors / Chief Executive Officers, All Recognized Stock Exchanges having Commodity Derivatives Segment Dear Sir/ Madam, 1. Attention is drawn to SEBI circulars bearing…

Amendment to SEBI Circular pertaining to Investor Protection Fund (IPF)/ Investor Service Fund (ISF) and its related matters

October 22, 2021 To, The Managing Directors / Chief Executive Officers, All Recognized Stock Exchanges having Commodity Derivatives Segment Dear Sir/ Madam, 1. Attention is drawn to SEBI circular bearing…

Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs

October 22, 2021 All Non-Banking Financial Companies Madam / Sir, The contribution of NBFCs towards supporting real economic activity and their role as a supplemental channel of credit intermediation alongside…