Notification & Circulars

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

Notification No#Circular 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 objective to r..

Posted in Income Tax

Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act)

Notification No#RBI/2020-21/72 DPSS.CO.AD.No.724/02.27.005/2020-21 04 December 2020

Reserve Bank of India RBI/2020-21/72 DPSS.CO.AD.No.724/02.27.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Non-bank Payment System Operators Madam / Dear Sir. Perpetual Validity for Certificate of Authorisation (CoA) issued to Pay..

Posted in Community & General

Card transactions in Contactless mode – Relaxation in requirement of Additional Factor of Authentication

Notification No#RBI/2020-21/71 DPSS.CO.PD No.752/02.14.003/2020-21 04 December 2020

Reserve Bank of India RBI/2020-21/71 DPSS.CO.PD No.752/02.14.003/2020-21 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 Co..

Posted in Community & General

External Trade–Facilitation- Export of Goods and Services

Notification No#RBI/2020-21/77 A.P. (DIR Series) Circular No. 08 04 December 2020

Reserve Bank of India RBI/2020-21/77 A.P. (DIR Series) Circular No. 08 December 04, 2020 To, All Category – I Authorised Dealer Banks Madam / Sir, External Trade–Facilitation- Export of Goods and Services Please refer to the Statement on Development and Regulatory P..

Posted in Community & General

24×7 Availability of Real Time Gross Settlement (RTGS) System

Notification No#RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21 04 December 2020

Reserve Bank of India RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, 24×7 Availability of Real Time Gross Settlement (RTGS) System A ..

Posted in Community & General

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 Community & General

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 Community & General

Computation of fee payable for delay in filings under regulation 40B of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

Notification No#No. IBBI/CIRP Forms/2020 04 December 2020

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Clarification No. IBBI/CIRP Forms/2020 4th December, 2020 Subject: Computation of fee payable for delay in filings under regulation 40B of the IBBI (Insolvency Resolution Process f..

Posted in Corporate Law

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 Community & General

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 Community & General