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RBI Circular struck down, CG along with RBI to Authorize Insolvency: Supreme Court [Read Judgment]

Taxscan Team

The Supreme Court in the case of Dharani Sugars and Chemicals Ltd. v. Union of India and Ors. vide its judgment dated 2.04.2019 struck down the...

Willful Defaulter under RBI Act can’t be represented through Advocate / Chartered Accountants:...

CBDT Notifies Applicability of S. 115JG on Conversion of Indian Branch of Foreign Bank into Indian...

GST not payable by Liaison Offices working with RBI Permission: AAR [Read Order]

Agency Commission received by Canara Bank for RBI not subject to Service Tax: CESTAT [Read Order]

Reforms in Appointment of Statutory Auditors on the Cards: ICAI develops Software

In the light of recent controversies on NPAs and frauds from audit perspective, changes are expected in the area of appointment of statutory auditors as the Institute of Chartered Accountants of India...

Cash -on -Delivery method by Online Retailers not Authorized by Law: RBI

The Reserve Bank of India (RBI), while replying to query made through an RTI application, has clarified that the Cash -on-delivery method of payment option provided by online retailers such as...

Reduced Interest Rates on Small Savings Schemes shall continue for 2nd Quarter also: RBI

The Reserve Bank of India ( RBI ) has informed that there is no change the interest rates on Small Savings Schemes for the second quarter of financial year 2018-19 starting 1st July, 2018 and ending...

Bombay HC allows NDTVs Plea: Asks RBI to consider Compounding Plea on FEMA Violations [Read Judgment]

The Bombay High Court in the writ petition filed in the case of New Delhi Television Ltd. v. RBI and Ors has directed the RBI to render the necessary guidance to the petitioner in the matter of...

PAN mandatory for sending Money abroad: Govt

The Central Government has decided to make Permanent Account Number (PAN) mandatory for remitting money abroad as the Reserve Bank of India has decided to stringent norms for Liberalised Remittance...

Former RBI Chief Slams Demonetisation, says GST Glitches are not ‘Unfixable’

In a major setback to the Government’s decision to scrap rupees 1000 and 500 notes, the Former Governor of Reserve Bank of India (RBI) Raghuram Rajan reiterated that the decision of demonetization was...

Bad Loans: Around 40 Chartered Accountants are under RBI Lens

In a bid to cracking the whip on bad loans, the Reserve Bank of India (RBI) is monitoring more than three dozen chartered accountants allegedly conniving with promoters in defaulting as well as...

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