The National Company Law Appellate Tribunal (NCLAT), Delhi Bench has held that 'Superseded director' who vacated office on supersession of Board under the RBI Act not entitled to notice of CoC meeting, has no right
The Institute of Chartered Accountants of India ( ICAI ) Professional Development Committee announced the release of the Draft Bank Branch Auditors' Panel ( MEF ) for the fiscal year 2023-24. This comprehensive panel meticulously
A group of Indian startup founders has initiated a plea to the highest government authorities in response to the recent regulatory actions taken by the Reserve Bank of India (RBI) against Paytm Payments Bank. On
The Reserve Bank of India ( RBI ) has released a draft on 'Enabling Framework for Regulatory Sandbox'. In view of the growing significance of FinTech innovations and their interface with the financial sector as
The Reserve Bank of India (RBI) has rationalized the reporting of foreign investment in SMF on FIRMS portal. As part of this, the RBI has stated that the forms submitted on the portal will be
The government has reappointed central bank Governor Shaktikanta Das for another three-year term, keeping the career bureaucrat at the helm to help guide the economy’s recovery from the ravages of Covid-19. The decision announced in
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs. 1,00,000/- (Rupees one lakh only) on Bedkihal Urban Cooperative Bank Ltd., Bedkihal, Karnataka in exercise of the powers vested in it under
The Reserve Bank of India (RBI) has revised guidelines relating to the participation of a person resident in India and Foreign Portfolio Investor (FPI) in the Exchange Traded Currency Derivatives (ETCD) Market. Currently, persons resident
The Reserve Bank of India (RBI) has released the expert committee report on Resolution Framework for COVID-19 relates stress. The Reserve Bank had, on August 7, 2020, announced the constitution of an Expert Committee under
The Madras High Court held that the SBI cannot misinterpret RBI circulars and the Collection of Cash Handling Charges From Stamp Vendors based on its own assumptions is illegal. The Petitioners, P.S.Shanmuga Sundaram are in
The Reserve Bank of India (RBI) has extended the last date for filing Annual Return of Foreign Liabilities and Assets (FLA) to 31st July, 2021. The Annual Return on Foreign Liabilities and Assets required to
The Reserve Bank of India (RBI) notifies amendments in provision regarding Advance payment against exports under Foreign Exchange Management Regulation. The RBI notified Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021 which
The Ministry of Finance notified that the Reserve Bank of India (RBI) allowed Uday Kotak CEO of Kotak Mahindra Bank to be the Non-executive Director of Infrastructure Leasing and Financial Services Limited ( IL &
The Auditing and Assurance Standards Board ( AASB ) of the Institute of Chartered Accountants of India ( ICAI ) has unveiled an Online Panel of Experts to assist Statutory Branch Auditors ( SBAs )
The Reserve Bank of India (RBI) has issued the exchange or deposit slip format without the Identity Proof. The RBI in its circulation issued on 19th May 2023 has withdrawn the Rs. 2000 banknotes. Also
