Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)
April 27, 2021 The Chairman/Managing Director/Chief Executive Officer,All Commercial Banks (Excluding RRBs)All Primary (Urban) Co-operative Banks (UCBs)All Non-Banking Finance Companies (NBFCs) (Including Housing Finance Companies) Madam/Dear Sir,Guidelines for Appointment of…
Corporate Governance in Banks -Appointment of Directors and Constitution of Committees of the Board
April 26, 2021 To Commercial Banks(as per applicability) Madam / Sir, Corporate Governance in Banks –Appointment of Directors and Constitution of Committees of the Board A Discussion Paper on ‘Governance…
Order under section 119 of the Income-tax Act, 1961
Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires specified persons to furnish the Tax Audit Report along…
Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020
Dated: 23,d March, 2021 Sub : Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 – 1. With the objective to inter alia reduce pending income tax…
Declaration of dividends by banks
April 22, 2021 All Commercial Banks and Cooperative Banks, Madam / Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.29/21.02.067/2020-21 dated December 4, 2020, and other associated…
Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income by Reporting Entities
New Delhi, 20 April, 2021 Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Interest income Section 285BA of the Income Tax Act, 1961 and Rule…
Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Dividend income by Reporting Entities
New Delhi, 20 April, 2021 Section 285BA of the Income Tax Act, 1961 and Rule 114E requiresspecified reporting persons to furnish statement of financial transaction (SFT). 2. For the purposes…
Clarification on spending of CSR funds for setting up makeshift hospitals and temporary COVID Care facilities
Date: 22nd April 2021 To, All Stakeholders. Subject: – Clarification on spending of CSR funds for setting up makeshift hospitals and temporary COVID Care facilities – reg. Ma’am/Sir(s), In continuation…
Govt. Notifies Norway Based Fund ‘NORFUND’ as Sovereign Wealth Fund for Sec.10(23FE) Exemption.
New Delhi, the 19th April 2021 (Income-Tax) S.O. 1661(E).—In exercise of the powers conferred by sub-clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10…
Formation of new district in the State of Tamil Nadu –Assignment of Lead Bank Responsibility
April 20, 2021 The Chairmen / Managing Directors & Chief Executive OfficersAll Lead Banks Madam/ Dear Sir, Formation of new district in the State of Tamil Nadu –Assignment of Lead…