RBI permits banks to open specific accounts under various statutes and instructions of other regulators / regulatory departments; issues list of accounts permitted along with FAQs by Lexplosion | Dec 19, 2020 | Central, Financial Services, OPSThe Reserve Bank of India (“RBI”) by a Circular dated 14th December, 2020 has permitted banks to... Read More
SEBI clarifies on earlier Circular relating to Disclosure Standards for Alternative Investment Funds; says for FY 2019-20, the audit compliance for PPM must be fulfilled on/before 31.12.2020 by comtideging1971 | Jun 16, 2020 | Central, Financial Services, OPSIn a Circular dated 12th June, 2020 the Securities and Exchange Board of India (“SEBI”) has issued... Read More
Ministry of Home Affairs extends Nationwide Lockdown till 30th June, 2020; unlocking of activities in non-Containment Zones to take place in a phase-wise manner by comtideging1971 | Jun 2, 2020 | Agriculture, Automotive, Aviation, Banking, Central, Civil & Heavy Engineering, E-commerce, Financial Services, Food & Beverage, Healthcare, Industries, Infrastructure, Insurance, IT and ITeS, Manufacturing, Mining, NBFCs, Oil & Gas, Operations, OPS, Pharmaceuticals, Power, Retail, Telecom, WarehousingKey Provisions ‘Unlock-1’ Order dt. May 30, 2020 of Ministry of Home Affairs, GOI 1. ... Read More
Finance Bill, 2020 proposes amendments to the Indian Stamp Act, 1899; no duty to be charged w.r.t instruments of transaction in stock exchanges and depositories established in any International Financial Services Centres by comtideging1971 | Feb 27, 2020 | Financial Services, OPS, statesIn a Gazette Notification dated 1st February, 2020, the Finance Bill, 2020 (“Bill”) has been... Read More
Government issues the Banning of Unregulated Deposit Schemes Rules, 2020; deposit takers commencing business will must submit a Form with the Authority within specified timeline; effective immediately by comtideging1971 | Feb 19, 2020 | Financial Services, OPS, statesIn a Gazette Notification dated 12th February, 2020 the Ministry of Finance (“Ministry”) has... Read More
SEBI issues templates for Private Placement Memorandum for AIFs in order to ensure a minimum standard of disclosure; w.e.f March 01, 2020 by comtideging1971 | Feb 17, 2020 | Banking, CORP, Financial Services, statesIn a Circular dated 5th February, 2020, the Securities and Exchange Board of India (“SEBI”) has... Read More
