Accounting of Premium, claims and related expenses on estimation basis
Date : 15th June, 2022 ToCMD/ CEO of GIC and FRBs including Lloyds 1. At present, para 2 of Part I of Schedule B of the Insurance Regulatory and Development…
Application under Rule 4, 6 or 7 of Insolvency and Bankruptcy (Application to Adjudication Authority) Rules, 2016
15th June, 2022 ToInformation Utility(By mail to registered email address and on the website of the IBBI) Dear Madam /Sir, It has been decided that henceforth, the Board will forward…
Nomination for Mutual Fund Unit Holders
June 15, 2022 ToAll Mutual Funds (MFs)/Asset Management Companies (AMCs)/Trustee Companies/ Board of Trustees of Mutual Funds/Registrar and Transfer Agents (RTAs)/Association of Mutual Funds in India (AMFI) Sir / Madam,…
Cost Inflation Index for Financial Year 2022-23
New Delhi, the 14th June, 2022 S.O. 2735(E). In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of…
Bank finance to Government owned entities
June 14, 2022 All Scheduled Commercial Banks(Excluding RRBs) Madam / Dear Sir Please refer to the Master Circulars DBR.No.Dir.BC.10/13.03.00/2015-16 dated July 1, 2015 on ‘Loans and Advances – Statutory and…
Companies (Appointment and Qualification of directors)Second ammendment rules, 2022
G.S.R. 439(E).—In exercise of the powers conferred by section 149 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules…
Discontinuation of Return under Foreign Exchange Management Act, 1999
Attention of Authorised Persons is invited to A.P. (DIR series) circular No 26, dated February 18, 2022, wherein Authorised Persons were advised about proposed discontinuation of the return “Details of…
Rationalization of regulatory returns and other compliance requirements
Date : 10/06/2022 To,All Life Insurers With an objective to enhance ease of doing business and reduce compliance burden, it is decided to rationalize the regulatory returns and other compliance…
Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961
New Delhi, 09th June, 2022 Section 206AB and 206CCA of the Income-tax Ad,1961 (effective from 1st July 2021 and amended via Finance Act, 2022), imposed higher TDS/TCS rate on the…
Caution to Investors against dealing with unregulated platforms offering Algorithmic Trading
It has come to the notice of Securities and Exchange Board of India (SEBI) that many unregulated platforms are offering investors Algorithmic Trading services/facilities to automate their trades. Strategies are…