Notification & Circulars

Processing of e-mandates for recurring transactions

Notification No#RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 04 December 2020

Reserve Bank of India RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central C..

Posted in Others

Authorisation of entities for operating a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act) – Introduction of Cooling Period

Notification No#RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21 04 December 2020

Reserve Bank of India RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive Officer Non-bank Payment System Operators Madam / Dear Sir Authorisation of entities for operating a Payment System under the Payment and ..

Posted in Others

Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs)

Notification No#RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 04 December 2020

RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity managem..

Posted in Others

Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020

Notification No#21/2020 04 December 2020

Circular No. 21 /2020 F. No. IT(A)/1/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 4th December, 2020 Sub.: Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 - reg. With the obje..

Posted in Income Tax

Declaration of dividends by banks

Notification No#RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 04 December 2020

RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. ..

Posted in Others

Advisory on Advertisements on Online Gaming, Fantasy Sports, etc.

Notification No#No. 4407/13/2019-BC-I 04 December 2020

No. 4407/13/2019-BC-I Government of India Ministry of Information & Broadcasting A Wing, Shastri Bhavan New Delhi — 110 001 Dated the 4th December, 2020 To All Private Satellite TV Channels Subject: Advisory on Advertisements on Online Gaming, Fantasy Sports, etc. I..

Posted in Miscellaneous

Transfer & Postings and additional charge arrangements in the grade of CCIT - reg.

Notification No#Office Order No. 240 of 2020 04 December 2020

F.No. A-22011/4/2020-Ad-VI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 04.12.2020 Office Order No. 240 of 2020 Consequent upon diversion of posts to the newly created National Faceless Appellate C..

Posted in Miscellaneous

Transfer & Postings and Additional Charge arrangements in the grades of Pr.CCIT/Pr.DGIT on promotion - reg.

Notification No#Office Order No. 239 of 2020 04 December 2020

F.No. A-22011/3/2020-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 04.12.2020 Office Order No. 239 of 2020 On promotion, the transfer/postings of the following officers in the grade of Pr. Chie..

Posted in Miscellaneous

Seeks to rescind notification No. 30/2015-Customs (ADD), dated 12th June 2015 to revoke the levy of ADD on imports of "Nylon Tyre Cord Fabric " originating in or exported from China PR

Notification No#Notification No. 45/2020-Customs (ADD) 03 December 2020

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 45/2020-Customs (ADD) New Delhi, the 3rd of December, 2020 G.S.R. (E).- In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), th..

Posted in Custom

Information to the public on revision in Health Insurance Premium

Notification No#03-12-2020 03 December 2020

There are some reports in the media about hike in health insurance premium rates by general and health insurers. Some of the news items attributed the increase in health insurance premiums to certain recent regulatory initiatives taken by IRDAI. In this regard it is clarified that insurers were perm..

Posted in Miscellaneous