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Month: February 2022

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Green Hydrogen Policy

Shram Shakti Bhawan, Rafi Marg, New Delhi, 17th February, 2022 To, 1. Secretary, MNRE, Govt. of India, New Delhi 2. Secretary, Ministry Of Ports, Shipping And Waterways, Govt. of India,…

Judgement on Applicability of Section 7 to Co-operative Societies

Subject Insolvency and Bankruptcy Code, 2016 Case Jumbo the Solapur Dist. Central Co – Operative Bank LimitedvsSangola Taluka Sahakari Sakhar Karkhana Limited Tribunal NCLT, Mumbai Spirit of the Case Applicability…

Holding more than one Certificate of Registration to one group

1. Clause (d) of sub section (9) of Section 2 of Insurance Act, 1938 provides that a “foreign company” engaged in reinsurance business can transact the business of reinsurance through…

Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications

February 15, 2022 All Commercial Banks (including Small Finance Banks, Local Area Banks and RegionalRural Banks) excluding Payments BanksAll Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Cooperative BanksAll-India Financial Institutions…

Review of Articles of Association (AOA) of Indian Institute of Insurance Surveyors and Loss Assessors (IIISLA)

l4th February,2022 The Authority had constituted Surveyors and Loss Assessors Committee vide Order No. IRDA/SURV/ORDER/MISC/10010412020 dated 2410412020. This committee is constituted as per Regulations 10 of IRDAI (Insurance Surveyors &…

Standard Operating Guidelines for the Vault Managers and Depositories -Electronic Gold Receipts (EGR) segment

February 14, 2022 The Managing Directors / Chief Executive OfficersAll Registered Vaults ManagersAll Registered Depositories Dear Sir / Madam, 1. Securities and Exchange Board of India (Vault Managers) Regulations, 2021…

Trading features pertaining to the Electronic Gold Receipts (EGR) segment

February 14, 2022 The Managing Directors / Chief Executive OfficersAll Recognized Stock Exchanges and Clearing CorporationsAll Registered DepositoriesAll Registered Vault Managers Dear Sir / Madam, 1. SEBI Board in its…

Communique Newsletter – Volume 1.4

15.2.2022 Newsletter : https://drive.google.com/file/d/17BhhiOnLDib1fZt5mzERmyGKXlkOea24/view?usp=sharing

Lost your Aadhaar? Here’s how you can get it back

SynopsisNote that the Aadhaar reprint is discontinued by UIDAI, instead, you can use Aadhaar PVC card online. UIDAI released new PVC Aadhaar cards that are waterproof and sturdy. Aadhaar has…

Insolvency regulator IBBI issues FAQs on IBC

The Insolvency and Bankruptcy Board of India, in association with the Committee on Insolvency & Bankruptcy Code, Institute of Chartered Accountants of India (ICAI), released a publication titled “Frequently Asked…