Real Time Gross Settlement (RTGS) System – Increase in operating hours
At present, the RTGS system is available for customer transactions from 8:00 am to 6:00 pm and for inter-bank transactions from 8:00
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Notifications issued by various government departments, government bodies etc.
RBI | Processing of e-mandate on cards for recurring transactions
The Reserve Bank of India (RBI) has, over the past decade, put in place various safety and security measures for card payments,
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Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT
There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the
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Govt. removes Debenture Redemption Reserve requirement for Listed Companies, NBFCs and HFCs
The Ministry of Corporate Affairs has amended the Companies (Share Capital & Debentures) Rules by removing Debenture Redemption Reserve requirement for Listed
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CBDT simplifies the process of assessment in respect of Startups
The Finance Ministry has simplified the process of assessment in the case of Startup entities. In cases where scrutiny assessments of Startup
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Usage of ATMs – Free ATM transactions – Clarifications
Clarification issued by Reserve Bank of India It has come to our notice that transactions that have failed due to technical reasons,
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Companies (Share Capital and Debentures) Amendment Rules, 2019
G.S.R. 574(E)—In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 (18 of
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Central Govt. constitutes — Advisory Committee– in exercise of powers conferred by S. 5 of Child and Adolescent Labour (Prohibition and Regulation) Act, 1986
S.O. 2948(E)— In exercise of the powers conferred by Section 5 of the Child and Adolescent Labour (Prohibition and Regulation) Act, 1986
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MCA amends provisions related to Differential Voting Rights under Companies Act
The Ministry of Corporate Affairs has amended the provisions relating to issue of shares with Differential Voting Rights (DVRs) provisions under the
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Four New Products get Geographical Indication Tag
Geographical Indication (GI) under the Department for Promotion of Industry and Internal Trade has recently registered 4 new GIs. PalaniPanchamirtham from Palani
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Transfer of Regulation of Housing Finance Companies (HFCs) to Reserve Bank of India
The Finance (No.2) Act, 2019 (23 of 2019) has amended the National Housing Bank Act, 1987 conferring certain powers for regulation of
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CBDT takes steps to ensure transparency in Tax Administration by bringing in concept of DIN
With a view to bringing greater transparency in the functioning of the tax-administration and improvement in service delivery, almost all notices and
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MeitY | Aadhaar necessary for availing benefit of fee reimbursement from GoI under Manpower Development Scheme [Read Notification]
S.O. 2903(E).—Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes,
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Income Tax Department detects Benami business of running of petrol outlets in Meghalaya
In a swift and coordinated action on Friday, 2nd August 2019, the Investigation Wing of Income Tax Department, NER carried out searches
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Parliament receives President’s assent for — Arbitration and Conciliation (Amendment) Bill, 2019
On 09-08-2019, President gave its assent for the Arbitration and Conciliation (Amendment) Bill, 2019. Arbitration and Conciliation (Amendment) Act, 2019 will further amend
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Central Govt. constitutes Unlawful Activities (Prevention) Tribunal :”Sikhs For Justice” an unlawful association?
S.O. 2856(E)—Whereas Sikhs For Justice (SFJ) has been declared as an unlawful association, vide, notification number S.O. 2469 (E) dated 10th July,
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Breaking| The Constitution (Application to Jammu and Kashmir) Order, 2019 — End of Article 370 of the Constitution?
In exercise of the powers conferred by clause (1) of Article 370 of the Constitution, the President, with the concurrence of the
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CBDT | Taxability of income earned by a non-resident investor from off-shore investments through an Alternate Investment Fund
In the context of Alternate Investment Funds (AIFs), references have been made to the Central Board of Direct Taxes (the Board) seeking
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Central Govt. introduces “Pradhan Mantri Laghu Vyapari Maan-Dhan, Yojana 2019”
S.O. 2615(E)— In exercise of the powers conferred by clause (c) of sub-section (1) of Section 3 of the Unorganised Workers’ Social
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Sikhs For Justice (SFJ) declared as an Unlawful Association
Centre has declared” Sikhs for Justice” as an Unlawful Association in light of them being involved in activities that are prejudicial to
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