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weekly corporate compliance

Weekly Corporate Affairs From 13/07/22 to 19/07/22 (SEBI, MCA, RBI, IBC, IPO, MSME UPDATES)

Newsletter Contents: SEBI Updates MCA Updates RBI Updates IBC Updates Labour Law Updates Press Information IPO & Investment Updates IRDAI Updates Department of Telecommunication MSME Updates Competition Commission of India Current Affairs- FAQ,s 1. SEBI UPDATES: [Sl.   Particulars Link 1 In the matter of Deepak Nitrite Limited under SEBI (Prohibition of Insider Trading) Regulations, …

Weekly Corporate Affairs From 13/07/22 to 19/07/22 (SEBI, MCA, RBI, IBC, IPO, MSME UPDATES) Read More »

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RBI Repo Rate: Loan EMI May Become Expensive

An important meeting of the Reserve Bank of India is to be held next week amid the impact of inflation in the country. Many important issues are to be discussed and decided in the meeting of the Monetary Policy Committee. People knowledgeable in the matter say that in the meeting, the RBI can decide to …

RBI Repo Rate: Loan EMI May Become Expensive Read More »

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Big Update On RBI Repo Rate

Like other central banks around the world, RBI is raising interest rates to control inflation. The central bank may increase the repo rate by 0.50 per cent in the Monetary Policy Committee (MPC) meeting to be held in June. This will make different types of loans like home-auto loans more expensive. < p style=”text-align: left”>British …

Big Update On RBI Repo Rate Read More »

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RBI Governor Gives These Big Signs On Repo Rate

In order to control the ever-increasing inflation in the country, in the first week of May, the Reserve Bank of India (RBI) had hurriedly called a meeting of the MPC and increased the repo rates by 0.40 percent. At the same time, RBI Governor Shaktikanta Das has again indicated an increase in policy rates.  After …

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TC VIP Users Premium Weekly Taxation Newsletter

Weekly Taxation Newsletter Period: 30.03.2022 to 10.04.2022 Weekly Taxation Newsletter Let’s Build Something Together Upcoming Due Dates WeeklyDepartmental updates Important Notifications & Circulars Important Case-laws International Taxation Corner (ITC) Knowledge bucket for NRI Brain Bites- Do you Know?

ITR filing to bank KYC: Complete these 8 important tasks by March 31, otherwise you will have a lot of trouble from next month

The current financial year 2021-22 is about to end in a few days. With the end of this financial year, the deadlines of many works are also going to end. These also include some financial work. If you do not complete these works by March 31, then you may have to face trouble. These tasks …

ITR filing to bank KYC: Complete these 8 important tasks by March 31, otherwise you will have a lot of trouble from next month Read More »

Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc

Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc

Dear Readers,We are delighted to share our 66th E-Newsletter “Weekly Taxation Newsletter” dated 08th March, 2022 from 01st March, 2022 to 07th March, 2022 with you. This E – Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, Case …

Latest Income Tax & GST Weekly Due Dates, Notifications / Press Info, Case Laws, etc Read More »

Weekly Corporate Compliance Calendar for March, 2022 [Period 01/03/22 to 07/03/22]

Weekly Corporate Compliance Calendar for March, 2022 [Period 01/03/22 to 07/03/22]

1. SEBI UPDATES: [Sl.  Particulars  Link  1  Adjudication Order in respect of 13 entities in the matter of IPO of Channel Nine Entertainment Ltd  Click Here  2  Takeover – Eveready Industries Limited  Click Here  3  Adjudication order in respect of ABN Global Securities Private Limited in the matter of dealing in Illiquid Stock Options at …

Weekly Corporate Compliance Calendar for March, 2022 [Period 01/03/22 to 07/03/22] Read More »

Corporate Compliance Calendar for March, 2022

ABOUT ARTICLE:  This article contains various Compliance requirements for the Month of March, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.  If you think compliance is expensive, try non‐ …

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RBI Framework for Facilitating Small Value Digital Payments in Offline Mode

Key Highlight: RBI has issued this framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000. The Reserve Bank of India (RBI)vide Notification no. RBI/2021-22/146, CO.DPSS.POLC.No.S1264/02-14-003/2021-2022, dated03.01.2022has issued a framework for facilitating small-value digital payments in offline mode using cards, wallets, mobile devices, etc, to push digital …

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RBI notifies market making plan to promote retail participation

“RBI notified Retail Direct Scheme – Market Making” RBI notifies market making plan to promote retail participation in G-Secs. The Reserve Bank of India (RBI) vide notification no. RBI/2021-22/147 IDMD. PDRD. No. S1617/03.64.023/2021-22 on 04th day of January, 2022 has introduced the market making scheme to with an objective to promote retail participation in government …

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Small Finance Bank License- Have a Look

There are particularly some banks which are regulated by the Reserve Bank of India (RBI). These banks are started with the main motive to serve particular sectors of the society. Though large based banks would also carry out activities, however small banks such as the above would only cater needs to small sections of the …

Small Finance Bank License- Have a Look Read More »

RBI sets upper limit for individual offline transactions at ₹2,000

RBI releases Framework for Facilitating Small Value Digital Payments in Offline Mode The Reserve Bank has today placed on its website the ‘Framework for facilitating small value digital payments in offline mode’. The framework incorporates the feedback received from the pilot experiments on offline transactions conducted in different parts of the country during the period …

RBI sets upper limit for individual offline transactions at ₹2,000 Read More »

Know These ATM Rules Before Withdrawing Money From ATM

Know These ATM Rules Before Withdrawing Money From ATM

From January 1, 2022, withdrawing money from ATM has become expensive. You will have to pay a higher price for every withdrawal transaction after the free withdrawal limit. According to the instructions issued by the Reserve Bank of India (RBI) in June 2021, customers of banks will have to pay Rs 21 for ATM withdrawals …

Know These ATM Rules Before Withdrawing Money From ATM Read More »

Statutory Tax Compliance Tracker – for January, 2022

Corporate Compliance Calendar for January, 2022

1. Compliance requirement under Income Tax act, 1961   Sl.   Compliance Particulars   Due Dates   1 Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month. 07.01.2022 2. Due date for deposit of TDS for the period October 2021 to December 2021 when Assessing Officer has permitted quarterly deposit …

Corporate Compliance Calendar for January, 2022 Read More »

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RBL Bank has written off Rs. 300 Cr loan within 7 months of being sanctioned. RBL Bank down by 8%

As per reports, RBL bank has written off a loan of Rs. 300 Crore within 7 months from the sanction of the loan. This seems to be a major reason for the sudden intervention of RBI.  RBI has appointed its person on the board of the lender as an additional director. The stock tumbled by …

RBL Bank has written off Rs. 300 Cr loan within 7 months of being sanctioned. RBL Bank down by 8% Read More »

RBI Central Board Discussion On Cryptocurrency And CBDC

RBI Board discusses CBDC and private cryptocurrency

The Central Board, the apex policy-making body of the Reserve Bank of India (RBI), on Friday discussed all aspects related to central bank digital currency (CBDC) and private cryptocurrencies. The government is preparing to bring a law for the regulation of cryptocurrencies. The Cryptocurrency and Official Digital Currency Regulation Bill 2021 is planned to be introduced in …

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RBI Central Board Discussion On Cryptocurrency And CBDC

The Central Board, the apex policy-making body of the Reserve Bank of India (RBI), on Friday discussed all aspects related to central bank digital currency (CBDC) and private cryptocurrencies. The government is preparing to bring a law for the regulation of cryptocurrencies. The Cryptocurrency and Official Digital Currency Regulation Bill 2021 is planned to be introduced in …

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Online Payment System Will Change From 1st January 2022. Know About New System!

Online Payment System Will Change From 1st January 2022. Know About New System!

From January 1, the method of online payment will change in the country. For this, the Reserve Bank of India (RBI) has issued a guideline. Following the guidelines of RBI, Google has also announced changes in online payment methods from January 1. Google will not save card information According to the information, Google will not …

Online Payment System Will Change From 1st January 2022. Know About New System! Read More »

RBI cancels registrations of six NBFCs.

RBI Barred CA Firm M/s Haribhakti & Co. LLP From Undertaking Audit Assignments Reguled by the RBI wef 1st April 2022

The Reserve Bank of India (RBI) in exercise of the powers vested under section 45MAA of the Reserve Bank of India Act, 1934, has, by an order dated September 23, 2021, debarred M/s Haribhakti & Co. LLP, Chartered Accountants (ICAI Firm Registration No. 103523W / W100048), from undertaking any type of audit assignment/s in any …

RBI Barred CA Firm M/s Haribhakti & Co. LLP From Undertaking Audit Assignments Reguled by the RBI wef 1st April 2022 Read More »

STATE BANK OF INDIA IMPORTANT ALERT TO CUSTOMERS

SBI has issued important alerts, will affect the account of customers

State Bank of India (SBI) has issued alert messages for customers through social media. SBI has told in another tweet that the online services of the bank will be suspended for about 120 minutes. The bank said that on September 15, between 12:00 pm and 02:00 pm, maintenance work will be done for about 120 …

SBI has issued important alerts, will affect the account of customers Read More »

BANK ALERT

Bank Alert! Cheque book of these banks will be useless from next month! Apply immediately for new

Punjab National Bank (PNB) has alerted the account holders of Oriental Bank of Commerce (OBC) and United Bank of India (UBI). PNB has said that if the account holders of these two banks have old cheque books, then they will not be of any use from next month. So apply for a new check book …

Bank Alert! Cheque book of these banks will be useless from next month! Apply immediately for new Read More »

Department of Expenditure has issued O.M. dated 07.09.2021 regarding calculation of Gratuity and Leave Encashment for Central Govt. employees, who retired during the period from January 2020 to June 2021.

PF, GST, Bank, PAN Card Linking: 6 New Rule Changes to Overcome in September, check details here

PF-Aadhaar Linking: The Employees’ Provident Fund Organization (EPFO) has made it mandatory to link Aadhaar card with PF UAN (universal account number) for PF contribution and other benefits. The deadline for linking UAN with Aadhaar was earlier 31 May 2021, which was extended to 31 August 2021. The PF accounts which will not be linked …

PF, GST, Bank, PAN Card Linking: 6 New Rule Changes to Overcome in September, check details here Read More »

RBI bi-monthly monetary policy review: No change in repo rate, loan EMI will not increase

RBI bi-monthly monetary policy review: No change in repo rate, loan EMI will not increase

The Reserve Bank of India has not made any change in the repo rate during its bi-monthly monetary policy review. While the repo rate is fixed at 4 per cent, the reverse repo rate remains at 3.35 per cent. RBI says that the economy will improve due to vaccination and policy support, improvement in exports. …

RBI bi-monthly monetary policy review: No change in repo rate, loan EMI will not increase Read More »

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RBI : Important Guidelines for Implementation of the circular on Opening of Current Accounts by Banks

Guidelines for Implementation of the circular onOpening of Current Accounts by Banks Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and DOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020 on Opening of Current Accounts by Banks – Need for Discipline. 2. The instructions were issued vide the above circulars in order to enforce credit discipline amongst the …

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IBC- Hefty Monetary Penalties to be imposed by an IP Agency

Weekly Taxation Newsletter

We thought it would help to give you a sense of what’s available to you by subscribing to this WEEKLY TAXATION NEWSLETTER.   Income Tax Updates  GST Updates  Custom/Excise Updates Important Case Laws International Updates NRI’s Updates  Brain Bites – Do you Know ?    We have been thrilled with the amazing response we received from our …

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Must Read: RBI Revises Regulatory Restrictions Related to Loans and Advances

RBI/2021-22/72 DOR.CRE.REC.No.33/13.03.00/2021-22 July 23, 2021 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Local Area Banks Madam / Dear Sir, Loans and Advances – Regulatory Restrictions Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5 of Master Circular on Loans and Advances – Statutory and Other Restrictions dated July 01, 2015. On …

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RBI increases personal loan limit to other banks director’s without board approval to Rs 5 crore

As per RBI notification,  Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5 of Master Circular on Loans and Advances – Statutory and Other Restrictions dated July 01, 2015.  On a review, it has been decided that: i) For personal loans granted to any director of other banks, the threshold of Rupees twenty-five lakh, as …

RBI increases personal loan limit to other banks director’s without board approval to Rs 5 crore Read More »

Sovereign Gold Bond Scheme 2021-22 (Series IX) – Key Highlights

RBI published Sovereign Gold Bond Scheme 2021-22–Series-IV- Issue price

In terms of Government of India Notification No.4(5)-B(W&M)/2021 dated May 12, 2021, Sovereign Gold Bonds 2021-22 (Series IV) will be opened for the period July 12-16, 2021 with Settlement date July 20, 2021. The issue price of the Bond during the subscription period shall be Rs 4,807 (Rupees Four thousand eight hundred seven only) – …

RBI published Sovereign Gold Bond Scheme 2021-22–Series-IV- Issue price Read More »