The Reserve Bank introduces Internal Ombudsman mechanism for Credit Information Companies (CICs)
October 06, 2022 As announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated August 5, 2022, the Reserve Bank, in exercise…
Circular on filing of Products/Riders for Life Insurance Business
04.10.2022 ToCEOs/Principal Officers of all Life Insurers A. Objective: i. The “File and Use (F&U) Procedure- Life Insurance Products” was initially notified on 12.12.2001. Various circulars/guidelines pertaining to filing of…
Two-Factor Authentication for transactions in units of Mutual Funds
September 30, 2022 All Mutual FundsAll Asset Management Companies (‘AMCs’)All Recognized Stock ExchangesAll DepositoriesAssociation of Mutual Funds in India (‘AMFI’)All Trustee Companies/ Boards of Trustees of Mutual FundsAll Registrar to…
Amendment to guidelines and extension of timeline for implementation of Standardized industry classification by Credit Rating Agencies (CRAs)
September 30, 2022 To All Credit Rating Agencies (CRAs) registered with SEBIAll Recognised Stock Exchanges Dear Sir/ Madam, SEBI vide Circular No. SEBI/HO/MIRSD/CRADT/CIR/P/2022/42 dated April 01, 2022 advised CRAs to…
Change in Bank Rate
September 30, 2022 Please refer to our circular DOR.RET.REC.59/12.01.001/2022-23 dated August 05, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022,…
Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA)
The Late Submission Fee (LSF) was introduced for reporting delays in Foreign Investment (FI), External Commercial Borrowings (ECBs) and Overseas Investment related transactions with effect from November 07, 2017, January…
Standing Liquidity Facility for Primary Dealers
September 30, 2022 As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the…
Liquidity Adjustment Facility- Change in rates
As announced in the Monetary Policy Statement dated September 30, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity…
Extension of timeline for filing of various reports of audit for the Assessment Year 2022-23
New Delhi, dated 30th September 2022 On consideration of difficulties faced by the taxpayers and other stakeholders in electronic filing of various reports of audit under the provisions of the…