Posts In: Financial Services

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

February 19, 2020 Financial Services, OPS, states 0

In a Gazette Notification dated 12th February, 2020 the Ministry of Finance (“Ministry”) has issued the Banning of Unregulated Deposit Schemes Rules, 2020 (“Rules”) under the...

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SEBI issues templates for Private Placement Memorandum for AIFs in order to ensure a minimum standard of disclosure; w.e.f March 01, 2020

February 17, 2020 Banking, CORP, Financial Services, states 0

In a Circular dated 5th February, 2020, the Securities and Exchange Board of India (“SEBI”) has decided to introduce templates for Private Placement Memorandum (“PPM”), subject...

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RBI issues Draft Framework for authorisation of a pan-India New Umbrella Entity for Retail Payment Systems; invites comments by 25.02.2020

February 14, 2020 CORP, Financial Services, states 0

In a Press Release dated 10th February, 2020 the Reserve Bank of India (“RBI”) has issued the Draft Framework for authorisation of a pan-India New Umbrella Entity (NUE) for Retail...

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RBI revises framework for imposing monetary penalty on authorised payment system operators / banks under the Payment and Settlement Systems Act, 2007

January 17, 2020 Banking, Financial Services 0

In a Circular dated 10th January, 2020, the Reserve Bank of India (“RBI”) has revised the framework for imposing monetary penalty on payment system operators/banks under...

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E-Way Bill is not required to be generated for movement of goods within the Union Territory of Jammu and Kashmir till 20th December, 2019

December 6, 2019 Financial Services, Fiscal, states 0

Government of Jammu and Kashmir- State Taxes Department has issued Notification No. 64 to notify that e-way bill shall not be required to be generated...

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SEBI allows mutual funds to participate in Exchange Traded Commodity Derivatives

With a view to promote institutional participation in Exchange Traded Commodity Derivatives (“ETCDs”) the Securities and Exchange Board of India (“SEBI”) has decided to permit...

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MCA revises Forms CHG-1 and MGT-7

MCA revises Forms CHG-1 and MGT-7

April 16, 2018 CORP, Financial Services, states 0

Pursuant to the update in the trail mail, the Ministry of Corporate Affairs (“MCA”) has revised and issued the following Forms through its website (MCA21)...

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