Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs
October 22, 2021 All Non-Banking Financial Companies Madam / Sir, The contribution of NBFCs towards supporting real economic activity and their role as a supplemental channel of credit intermediation alongside…
Modalities for filing of placement memorandum through a Merchant Banker
October 21, 2021 To, All Alternative Investment Funds (AIFs) All Merchant Bankers Sir/Madam, 1. AIFs shall launch scheme(s) subject to filing of placement memorandum with SEBI through a SEBI registered…
Transmission of Securities to joint Holder(s)
October 18, 2021 To, All Listed Companies (through Stock Exchanges) All registered Registrars to an Issue & Share Transfer Agents (RTAs) Dear Sir / Madam, 1. The norms pertaining to…
Relaxation of Validation (section 119 of the Finance Act, 2012) Rules, 2021.
G.S.R. 737(E).—In exercise of the powers conferred by the first provisio to section 119 of Finance Act, 2012 (23 of 2012), the Central Board of Direct Taxes hereby makes the…
Revised Formats for Limited Review/ Audit Report for issuers of non-convertible securities
October 14, 2021 To, Listed entities (whose non-convertible securities are listed) Recognized Stock Exchanges Madam/ Sir, 1. Vide notification dated September 07, 2021, Regulation 52 of the SEBI (Listing Obligations…
Data Format for Furnishing of Credit Information to Credit Information Companies
October 14, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All-India Financial…
CBDT exempts certain non-residents, foreign investors from filing ITR FY21 onwards
New Delhi, the 11th October, 2021 S.O. 4207(E).—In exercise of the powers conferred by sub-section (1C) of section 139 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to…
How to read a balance sheet
The principle statements of an organisations’ financial performance include the balance sheet, statement of profitability, and the cash flow. These contain important performance indicators, and one of the most relevant…
Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility
October 8, 2021 The Chairman/ Managing Director Chief Executive Officer All Scheduled Commercial Banks (Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks) Dear Sir/Madam,…
Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934.
October 07, 2021 All Scheduled Commercial Banks Madam/Sir We advise that “Paytm Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934…