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Governor, Reserve Bank of India meets MD & CEOs of Public and Private Sector Banks

May 18, 2022 The Governor, Reserve Bank of India held meetings with the MD & CEOs of select Public and Private Sector Banks on May 17 and 18, 2022. The…

Circular regarding use of functionality under section 206AB and 206CCA of the Income-tax Aci, 1961

Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income-tax Act 196 1 (here in after referred to as “the Act”) which took effect from 1 st…

RVKS and Associates Newsletter – Volume 1.16

17.5.2022 Newsletter : https://drive.google.com/file/d/19QazkFmdyWI2h9Ew3ug94MQ3Fr47Yo6s/view?usp=sharing

Master Circular for Commodity Derivatives Market

May 17, 2022 The Managing Directors/Chief Executive OfficersAll Stock Exchanges and Clearing Corporation with Commodity Derivatives Segment 1. In order to ensure availability of comprehensive information mentioned in the circulars…

Judgement on Application for Modification of Resolution Plan by Dissenting Creditors

Application No. IA 2025/2021 in CP (IB) No. 1137/MB/2017IA 2028 of 2021 in CP No. 1137/MB/2017IA 2035 of 2021 in CP No. 1137/MB/2017 Applicant Union Bank of India, Bank of…

Filing of fire insurance products for Dwellings, Micro and Small Businesses 

Dated : 12th May, 2022 1. The Authority, vide notification F.No.IRDAI/Non-life Insurance/5/171/2020 de-notified erstwhile All India Fire Tariff (AIFT) for certain risks. Further, it was notified that with effect from…

Relaxation from compliance with certain provisions of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015

May 13, 2022 To,All Listed entitiesAll Recognized Stock Exchanges Dear Sir/Madam, 1. MCA vide Circular dated May 05, 2022 has extended the relaxations from dispatching of physical copies of financial…

Lending by Commercial Banks to NBFCs and Small Finance Banks (SFBs) to NBFC-MFIs, for
the purpose of on-lending to priority sectors

May 13, 2022 The Chairman/ Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks (Including Small Finance Banks)(Excluding Regional Rural Banks, Urban Co-operative Banks and Local Area Banks) Dear Sir/Madam, Please refer…

Income–tax (Fifteenth Amendment) Rules, 2022.

G.S.R. 346(E).––In exercise of the powers conferred by clause (vii) of sub-section (1), sub-section(6A) ofsection 139A, and clause (ab) of Explanation to the said section read with section 295 of…

Resolution of Stressed Assets and IBC1

Hon’ble Minister of State for Corporate Affairs Shri Rao Inderjit Singh, Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs, Shri Ravi Mittal, Chairman, IBBI, Shri Sudhakar Shukla, Whole Time Member,…