• Sat. Jun 14th, 2025

Draft Master Direction on Outsourcing of IT Services

June 23, 2022 The Chairman/Managing Director/Chief Executive OfficerScheduled Commercial Banks (excluding Regional Rural Banks);Local Area Banks;Small Finance Banks;Payments Banks;Primary (Urban) Co-operative Banks having asset size of ₹1000 crore and above;Non-Banking…

Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]

June 24, 2022 All Payment System Providers and Payment System ParticipantsMadam / Dear Sir, Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020…

Master Circular – Housing Finance for UCBs

June 23, 2022 All Primary (Urban) Co-operative Banks Madam/Dear Sir, Please refer to our Master Circular DCBR.BPD.(PCB) MC No.9/09.22.010/2015-16 dated July 1, 2015 on the captioned subject (available at RBI…

Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961

New Delhi, dated 22nd June, 2022 Finance Act 2022 inserted a new section 194S in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1st July…

Extension of timeline for implementation of certain provisions of Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022

June 21, 2022 All Scheduled Banks (excluding Payments Banks/State Co-operative Banks and District Central Cooperative Banks)All Non-Banking Financial Companies (NBFCs) Please refer to paragraph 1 (b) of the Master Direction…

Modification in the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors – Bank account details to which the payment is to be done electronically

June 21, 2022 To, All Foreign Portfolio Investors (“FPIs”) through their Designated DepositoryParticipants (“DDPs”) Designated Depository Participants (“DDPs”)/Custodians 1. ‘Annexure D’ of the ‘Operational Guidelines for Foreign Portfolio Investors, Designated…

RVKS and Associates Newsletter – Volume 1.21

21.6.2022 Newsletter : https://drive.google.com/file/d/1go6LNjDanBq10EaW6tuKpDGBVgzQ0lBs/view?usp=sharing

FSSAI asks online delivery platforms to display restaurants’ nutritional information

Restaurant chains need to display calorie counts and other nutritional information on menus from July 1 With restaurant chains mandated to display calorie count of dishes and other nutritional information…

Naming / Tagging of demat accounts maintained by Stock Brokers

June 20, 2022 To,All Recognised Stock ExchangesAll DepositoriesAll Registered Stock Brokers through Recognized Stock Exchanges Dear Sir/Madam, 1. SEBI vide circular no. SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016 had mandated uniform…

Whether a Company Petition filed for initiation of CIRP against a Corporate Debtor, can be withdrawn during the process of Liquidation?

Subject Insolvency and Bankruptcy Code, 2016 Case Shri. V S Varun, Liquidator, M/s. Aradhya Wire and Ropes Pvt. Ltd. Vs. M/s. South Indian Bank Corporate Debtor M/ s. Aradhya Wire…