Consolidated Circular on Opening of Current Accounts and CC/OD Accounts by Banks
April 19, 2022 All Scheduled Commercial BanksAll Payments Banks Madam / Dear Sir, Please refer to circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on Opening of Current Accounts by Banks –…
Disclosures in Financial Statements – Notes to Accounts of NBFCs
April 19, 2022 Please refer to our circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on ‘Scale Based Regulation (SBR): A Revised Regulatory Framework’ for NBFCs, which inter-alia envisages certain specific disclosures.…
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR)
April 18, 2022 Dear Sir/Madam, Please refer to our circular DOR.BP.BC.No.65/21.04.098/2019-20 dated April 17, 2020 on Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR). 2. In terms…
SEBI issues operational guidelines for “Security and Covenant Monitoring using Distributed Ledger Technology (DLT)”
In order to strengthen the process of security creation and monitoring of security created, asset cover and covenants of the non-convertible securities, SEBI vide circular dated August 13, 2021 had…
RVKS and Associates Newsletter – Volume 1.12
19.4.2022 Newsletter : https://drive.google.com/file/d/1RmwIe7r7UEJs9JIYjBbZ4cPt4azuxpb0/view?usp=sharing
How to link PAN with EPF account to avoid excess TDS
SynopsisTo avoid having too much tax withheld at source, employees should link their Permanent Account Number (PAN) to their EPF (TDS). Section 206AA of the IT Act mandates that every…
Post office savings account : How to activate Internet Banking and mobile banking
Post office savings bank (POSB) account holders can use internet banking services provided by India Post, which is part of the Department of Posts (DOP). The Post Office Internet Banking…
Packaged food likely to see FSSAI health star ratings after one year
This move by FSSAI will impact food companies, including Hindustan Unilever, ITC, Britannia, Nestle India, and Amul The implementation of the Food Safety and Standards Authority of India’s (FSSAI’s) health…
PPF scheme : Here are 10 things you should know
The PPF is one of the most popular small savings scheme, but many investors are not aware of its features. Mukesh Kalra lists out 10 things that you should know…
GST Council may do away with 5% rate; move items to 3% and 8% slabs : Report
Although various options are under consideration, the Council is likely to settle for an 8% GST for most items that currently attract 5% levy, say sources With most states on…