Month: April 2020

Review of Circular on Measures to facilitate trade during lockdown period u/s 143AA of Customs Act

Review of Circular on Measures to facilitate trade during lockdown period u/s 143AA of Customs Act. Circular No. 21/2020-Customs F.No.473/02/2020-LCDepartment  of Revenue (Central  Board of Indirect Taxes & Customs)***** North Block, New DelhiDated 21st April, 2020 ToAll Principal Chief Commissioners/Chief Commissioners of Customs/ Customs (Preventive), All Principal Chief …

ICAI waives Condonation Fee for Students till 30.06.2020

ICAI waives Condonation Fee for Students ICAI has decided to waive Condonation Fee related to articled/industrial training application forms till 30th June 2020  Waiving off Condonation Fee for Students by ICAI   As per announcement issued in this regard, it has been stated that due to ongoing period of …

RBI prohibits banks from dividend declaration for FY ended 31.03.2020

RBI prohibits banks from dividend declaration for FY ended 31.03.2020 RBI prohibits banks from dividend declaration RBI has prohibited banks from making any further dividend declaration/payouts from the profits pertaining to the financial year ended March 31, 2020 until further instructions. In India, Banks have been granted general …

RBI COVID19 Relief Package – Review of Resolution Timelines for Stressed Assets

COVID19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution of Stressed Assets RESERVE BANK OF INDIA RBI/2019-20/219DOR.No.BP.BC.62/21.04.048/2020-21  April 17, 2020 All Scheduled Commercial Banks (excluding Regional Rural Banks);All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI);All Systemically Important Non-Deposit taking Non-Banking Financial …