Solvency Margin for Crop Insurance Business
Date: 13 June, 2022 To all Non-Life Insurance Companies and Registered Indian Reinsurers, Foreign Reinsurance Branch offices including Lloyds India Branch. 1. This circular is issued in accordance with the…
Modification in Cyber Security and Cyber Resilience Framework of Mutual Funds/ Asset Management Companies (AMCs)
June 9, 2022 To,All Mutual Funds/All Asset Management Companies (AMCs)/All Trustee Companies/ Boards of Trustees of Mutual Funds/Association of Mutual Funds in India (AMFI) 1. SEBI vide Circular No.SEBI/HO/IMD/DF2/CIR/P/2019/12 dated…
Modification in Cyber Security and Cyber resilience framework for Stock Brokers / Depository Participants
June 07, 2022 SEBI vide circular SEBI/HO/MIRSD/CIR/PB/2018/147 dated December 03, 2018 prescribed framework for Cyber Security and Cyber Resilience for Stock Brokers / Depository Participants. In partial modification to Annexure…
Liquidity Adjustment Facility – Change in rates
June 08, 2022 All Liquidity Adjustment Facility (LAF) participantsMadam/Sir, As announced in the Monetary Policy Statement, 2022-23, today, it has been decided by the Monetary Policy Committee (MPC) to increase…
Branches of Indian Banks operating in GIFT-IFSC – acting as Professional Clearing Member (PCM) of India International Bullion Exchange IFSC Limited (IIBX)
June 07, 2022 All Scheduled Commercial BanksMadam/Dear Sir On a review, it has been decided to allow the branches of Indian banks operating in GIFT-IFSC to act as PCM of…
Seeks to provide waiver of interest for specified electronic commerce operators for specified tax periods
New Delhi, the 07th June, 2022 G.S.R…….(E).- In exercise of the powers conferred by sub-section (1) of section 50 read with section 148 of the Central Goods and Services Tax…
RVKS and Associates Newsletter – Volume 1.19
7.6.2022 Newsletter : https://drive.google.com/file/d/1IUF1KeTC7fS5M8x25gjXYGP8WEsUmL1G/view?usp=sharing
General insurers urge IRDAI for mandatory KYC of customers 
At present, sharing KCY details is voluntary while purchasing a general insurance product. Non-life insurers have requested the insurance regulator IRDAI to permit verifying the contact details of policyholders. This…
Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer
June 6, 2022 All Non-Banking Financial Companies(Including Housing Finance Companies) Madam / Dear Sir, Please refer to the circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on “Scale Based Regulation (SBR): A…
Surrender of certificate of registration of Principal Mutual Fund (PMF)
Principal Asset Management Private Limited (Principal AMC) had informed SEBI that they want to surrender the registration granted to Principal Mutual Fund by SEBI. PMF will continue to be liable…