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Notifications

Notifications issued by various government departments, government bodies etc.

Legislation UpdatesNotifications

Harmonisation of Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems

It has been observed that a large number of customer complaints emanate on account of unsuccessful or ‘failed’ transactions. Failure could be

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Published on September 23, 2019September 23, 2019By Bhumika Indulia
Leave a comment3929 views
Legislation UpdatesNotifications

A Non Resident Indian shall be entitled to obtain “Aadhaar” upon his arrival in India

S.O. 3425(E)—In exercise of the powers conferred by proviso to sub-section (1) of Section 3 of the Aadhaar (Targeted Delivery of Financial

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Published on September 21, 2019September 23, 2019By Bhumika Indulia
Leave a comment2585 views
Legislation UpdatesNotifications

Centre notifies — S. 194 N not applicable on cash withdrawals Cash Replenishment Agencies and franchise agents of White Label Automated Teller Machine Operators

S.O. 3356(E).—In exercise of the powers conferred by clause (v) of proviso to Section 194N of the Income-tax Act, 1961 (43 of

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Published on September 19, 2019September 23, 2019By Bhumika Indulia
1 Comment2782 views
Legislation UpdatesNotifications

Bharat Bill Payment System – Expansion of biller categories

Please refer to the guidelines on Bharat Bill Payment System (BBPS) issued by the Reserve Bank of India vide circular no.DPSS.CO.PD.No.940/02.27.020/2014-2015 on November

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Published on September 17, 2019September 17, 2019By Bhumika Indulia
Leave a comment2473 views
Legislation UpdatesNotifications

Public Premises (Eviction of Unauthorised Occupants) Amendment Act, 2019 comes into force

Smooth & Speedy Eviction of Unauthorised Occupants from Government Residential Accommodation The Public Premises (Eviction of Unauthorised Occupants) Amendment Bill, 2019 which

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Published on September 17, 2019September 17, 2019By Bhumika Indulia
Leave a comment5498 views
Legislation UpdatesNotifications

Constitution of a Committee of Experts to deliberate on Data Governance Framework

The Government had constituted a Committee of Experts under the Chairmanship of Justice B.N. Srikrishna, former Judge, Supreme Court of India to

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Published on September 16, 2019September 16, 2019By Bhumika Indulia
Leave a comment2079 views
Legislation UpdatesNotifications

SEBI | Renewal of recognition of “Metropolitan Stock Exchange of India Limited” for a period of one year

No. SEBI/LAD-NRO/GN/2019/31.—The Securities and Exchange Board of India, having considered the application for renewal of recognition made under Section 3 of the

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Published on September 16, 2019September 16, 2019By Bhumika Indulia
Leave a comment2350 views
Legislation UpdatesNotifications

CBDT | Centre notifies the E-assessment Scheme, 2019

S.O. 3264(E).– In exercise of the powers conferred by sub-section (3A) of Section 143 of the Income-tax Act, 1961 (43 of 1961),

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Published on September 13, 2019September 13, 2019By Bhumika Indulia
1 Comment2588 views
Legislation UpdatesNotifications

FSSAI order | Serving of Drinking Water in paper sealed glass bottles for captive use in hotels

The Food Safety and Standards Authority of India (FSSAI) has been in receipt of representations from hotels for allowing them to serve

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Published on September 11, 2019September 11, 2019By Bhumika Indulia
1 Comment5356 views
Legislation UpdatesNotifications

Central Govt. declares — Maulana Masood Azhar, Hafiz Muhammad Saeed, Zaki-ur-Rehman Lakhvi & Dawood Ibrahim Kaskar as “terrorists”

In exercise of the powers conferred by clause (a) of sub-section (1) of Section 35 of the Unlawful Activities (Prevention) Act, 1967,

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Published on September 4, 2019September 4, 2019By Bhumika Indulia
Leave a comment3318 views
Legislation UpdatesNotifications

Motor Vehicles (Amendment) Act, 2019 to be enforced from 01-09-2019

S.O. 3147(E)— In exercise of the powers conferred by sub-section (2) of Section 1 of the Motor Vehicles (Amendment) Act, 2019 (32

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Published on August 31, 2019August 31, 2019By Bhumika Indulia
Leave a comment5111 views
Legislation UpdatesNotifications

MCA | Clarification under S. 232(6) of Companies Act, 2013; circular to remove doubts/ambiguities in “appointed date” & “acquisition date” with respect to mergers/amalgamations

Several queries have been received in the Ministry with respect to interpretation of the provision of Section 232(6) of the Companies Act,

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Published on August 28, 2019August 28, 2019By Bhumika Indulia
Leave a comment2470 views
Legislation UpdatesNotifications

Government withdraws enhanced surcharge on tax payable on transfer of certain assets

In order to encourage investment in the capital market, it has been decided to withdraw the enhanced surcharge levied by Finance (No.

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Published on August 26, 2019August 27, 2019By Bhumika Indulia
Leave a comment2030 views
Legislation UpdatesNotifications

CBDT issues clarification on eligibility of small Start-ups to avail tax holiday

The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to

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Published on August 23, 2019August 26, 2019By Bhumika Indulia
Leave a comment1790 views
Legislation UpdatesNotifications

Real Time Gross Settlement (RTGS) System – Increase in operating hours

At present, the RTGS system is available for customer transactions from 8:00 am to 6:00 pm and for inter-bank transactions from 8:00

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Published on August 22, 2019August 23, 2019By Bhumika Indulia
Leave a comment2050 views
Legislation UpdatesNotifications

RBI | Processing of e-mandate on cards for recurring transactions

The Reserve Bank of India (RBI) has, over the past decade, put in place various safety and security measures for card payments,

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Published on August 22, 2019August 22, 2019By Bhumika Indulia
Leave a comment1969 views
Legislation UpdatesNotifications

Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT

There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the

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Published on August 20, 2019August 20, 2019By Bhumika Indulia
Leave a comment1989 views
Legislation UpdatesNotifications

Govt. removes Debenture Redemption Reserve requirement for Listed Companies, NBFCs and HFCs

The Ministry of Corporate Affairs has amended the Companies (Share Capital & Debentures) Rules by removing Debenture Redemption Reserve requirement for Listed

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Published on August 20, 2019August 20, 2019By Bhumika Indulia
Leave a comment2735 views
Legislation UpdatesNotificationsTaxation

CBDT simplifies the process of assessment in respect of Startups

The Finance Ministry has simplified the process of assessment in the case of Startup entities. In cases where scrutiny assessments of Startup

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Published on August 19, 2019August 20, 2019By Bhumika Indulia
Leave a comment1855 views
Legislation UpdatesNotifications

Usage of ATMs – Free ATM transactions – Clarifications

Clarification issued by Reserve Bank of India  It has come to our notice that transactions that have failed due to technical reasons,

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Published on August 19, 2019August 19, 2019By Bhumika Indulia
Leave a comment2119 views

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