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Gold (Metal) Loans – Repayment

June 23, 2021 All Scheduled Commercial Banks(excluding Regional Rural Banks) Madam / Dear Sir, Please refer to instructions issued vide circulars DBOD.No.IBS.1519/23.67.001/98-99 dated December 31, 1998, DBOD.No.IBS.3161/23.67.001/98-99 dated June 25,…

Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961

New Delhi, 22nd June, 2021 Section 206AB and 206CCA inserted in the Income-tax Act,1961 (effective from 1st July 2021), imposed higher TDSITCS rate on the “Specified Persons’ defined as under,…

Notification regarding appointment of President, NCLT in terms of Section 415 of the Companies Act, 2013.

New Delhi, the 21st June, 2021 S.O. 2417 (E).—Consequent on the completion of the term of office of Shri Bethala Shantha Vijaya Prakash Kumar, Member (Judicial), National Company Law Tribunal…

Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021

G.S.R. 418(E).—In exercise of the powers conferred by section 150 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules,…

Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List: Amendment of one entry

June 18, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016…

Liberalised Remittance Scheme for Resident Individuals – Reporting

June 17, 2021 ToAll Category – I Authorised Dealer Banks Madam / Sir, Attention of all Authorised Dealer Category – I (AD Category – I) banks is invited to A.…

Companies (Meetings of Board and its Powers) Amendment Rules, 2021.

New Delhi, the 15th June, 2021 G.S.R. 409(E).— In exercise of the powers conferred by sections 173, 177, 178 and section 186, read with section 469 of the Companies Act,…

CBDT notified ‘317’ Cost Inflation Index for Financial Year 2021-2022.

S.O. 2336(E).— In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes…

Investment in Entities from FATF Non-compliant Jurisdictions

June 14, 2021 All entities authorised to operate Payment Systems in India Madam / Dear Sir, A reference is invited to the circular DOR.CO.LIC.CC No.119/03.10.001/2020-21 dated February 12, 2021 issued…

Bharat Bill Payment System – Addition of Biller Category

June 14, 2021 The Chairman and Managing Director / Chief Executive OfficerScheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks / Payment Banks…