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Blog, FEMA & Banking, News

December 3, 2022

RBI prescribes Categorization of UCBs for Regulatory Purposes based on their deposit size

Circular No. RBI/2022-23/144 DOR.REG.No.84/07.01.000/2022-23, Dated … Continue reading “RBI prescribes Categorization of UCBs for Regulatory Purposes based on their deposit size”

Blog, Income Tax, News

December 3, 2022

CA not expected to check genuineness of documents submitted by client while issuing Form 15CB

Case Details: Murali Krishna Chakrala … Continue reading “CA not expected to check genuineness of documents submitted by client while issuing Form 15CB”

Blog, International Tax, News

December 3, 2022

[World Tax News] South Africa start levying penalties for late submission of tax returns and more

World Tax News provides a … Continue reading “[World Tax News] South Africa start levying penalties for late submission of tax returns and more”

Blog, GST & Customs, News

December 3, 2022

Initiation of proceedings under GST for transition of CENVAT Credit being inadmissible under existing law to be quashed: HC

Case Details: Usha Martin Ltd. … Continue reading “Initiation of proceedings under GST for transition of CENVAT Credit being inadmissible under existing law to be quashed: HC”

Blog, GST & Customs, News

December 3, 2022

GST dept. have to circulate functionality of “Restoration of Cancelled Registration” to GST officers & tax bar associations: HC

Case Details: Pipe Fitting Supplier … Continue reading “GST dept. have to circulate functionality of “Restoration of Cancelled Registration” to GST officers & tax bar associations: HC”

Blog, FEMA & Banking, News

December 3, 2022

Foreign branches/subsidiaries of Indian banks can deal in financial products not permitted in the domestic market: RBI

Circular No. RBI/2022-23/145 DOR.MRG.REC.87/00-00-020/2022-23, Dated … Continue reading “Foreign branches/subsidiaries of Indian banks can deal in financial products not permitted in the domestic market: RBI”

Blog, Company Law, News

December 3, 2022

SEBI extends timeline for applicability of standardized industry classification by CRAs

Circular No. SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2022/168, dated 01.12.2022 … Continue reading “SEBI extends timeline for applicability of standardized industry classification by CRAs”

Blog, FEMA & Banking, News

December 3, 2022

RBI notifies Modified Mumbai Interbank Forward Outright Rate as a ‘significant benchmark’

Circular No. RBI/2022-23/142 FMRD.FMSD.06/03.07.25/2022-23, Dated … Continue reading “RBI notifies Modified Mumbai Interbank Forward Outright Rate as a ‘significant benchmark’”

Blog, Company Law, News

December 3, 2022

SEBI amends Listing Regulations, prescribes various format relating to utilization of proceeds, review of ratings, etc.

Circular No. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/0000000103, Dated 01.12.2022 … Continue reading “SEBI amends Listing Regulations, prescribes various format relating to utilization of proceeds, review of ratings, etc.”

Blog, FEMA & Banking, News

December 3, 2022

RBI revises criteria for determining Financially Sound and Well Managed status for Primary UCBs

Circular No. RBI/2022-23/143 DOR.REG.No.85/07.01.000/2022-23, Dated … Continue reading “RBI revises criteria for determining Financially Sound and Well Managed status for Primary UCBs”