Friday, August 14, 2020

News Updates

RBI releases “Draft Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”

The Reserve Bank of India (RBI) in its Second Bi-monthly Monetary Policy Statement, 2019-20 dated June 06, 2019 announced that it is proposed to issue Draft Guidelines for ‘on tap’ Licensing of...

CA Exams November 2019: ICAI extends Correction Window for Chartered Accountant Examinations

The Institute of Chartered Accountants of India ( ICAI ) has extended Correction Window for, CA Exams  November 2019. In a announcement issued by ICAI has said that, Candidates who had applied for...

RBI releases Report of the Committee on Development of Housing Finance Securitisation Market

The Reserve Bank of India ( RBI ) had constituted a Committee on the Development of Housing Finance Securitisation Market, on May 29, 2019, with Dr. Harsh Vardhan, Senior Advisor, Bain &...

RBI releases Report of the Task Force on the Development of Secondary Market for Corporate Loans for comments

The Reserve Bank of India ( RBI ) had constituted a Task Force on Development of Secondary Market for Corporate Loans under the Chairmanship of Shri T. N. Manoharan, Chairman, Canara Bank,...

Application for Compounding of Offences filed before the Competent Authority on or before 31-12-2019 shall be deemed to be filed in Time: CBDT [Read...

The Central Board of Direct Taxes ( CBDT ) has clarified that, application for compounding of offences filed before the competent authority on or before 31-12-2019 shall be deemed to be filed...

Cenvat Credit allowable to Legal Consultancy Services: CESTAT [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the legal consultancy services can be treated as an input for which cenvat credit is allowable. Appellant, a Software Technology Park...

CA Inter May 2020 Exam Eligibility: ICAI relaxes requirement to undergo 8 months Study Period to appear in May, 2020 Intermediate Examination

The Institute of Chartered Accountants of India ( ICAI ) has relaxed the requirement to undergo 8 months Study Period to appear in May, 2020 Intermediate Examination in respect of students who...

MCA issues Circular to remove Doubts / Ambiguities in “appointed date” and “acquisition date” with respect to Mergers / Amalgamations [Read Circular]

The Ministry of Corporate Affairs (MCA) has issued a circular today clarifying the import of section 232(6) of the Companies Act, 2013, which deals with the requirement of indicating an “appointed date”...

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SEBI notifies on Procedural Guidelines for Proxy Advisors

The Securities Exchange Board of India (SEBI) has notified the procedural guidelines for proxy advisors. According to SEBI (Research Analyst) Regulations, 2014,...