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Vulnerability in PNB server as reported by CyberX9 – PNB denies breach of systems and pilferage of personal data of account holders In its report dated November 21, 2021, the cybersecurity firm CyberX9 had stated that its research team discovered a very critical security issue in Punjab National …
RBI cautions against various Co-operative societies using word “Bank” in their names The RBI has cautioned general public against various Co-operative societies using word “Bank” in their names. According to RBI, in terms of the Banking Regulation Act, 1949 (BR Act, 1949) which was amended by the Banking …
IECs not updated after 01.01.2014 to be de-activated in a phased manner from 06.12.2021 – DGFT De-Activation of IECs not updated at DGFT Directorate General of Foreign Trade (DGFT) vide Notification No. 58/2015-2020 dated 12.02.2021, 11/2015-2020 dated 01.07.2021, 16/2015-2020 dated 09.08.2021 and Trade Notice 18/2021-2022 dated 20.09.2021 …
NFRA hiring Chartered Accountants as professionals on contractual basis National Financial Reporting Authority (NFRA) is to engage Chartered Accountants on a contractual basis. The number of likely positions to be filled up is nine (9) which may however be increased or decreased based on the requirement of NFRA. …
Filling hypothetical income tax payment details in ITR to bypass erstwhile e-filing portal validation – Prosecution u/s 277 quashed by High Court ABCAUS Case Law CitationABCAUS 3562 (2021) (11) HC Important case law relied referred:Rakapalli Raja Rama Gopala Rao vs. Naragani Govinda Sehararao and another Income Tax Officer …
Central Government has notified change in the location of Debts Recovery Tribunal-III, Chennai with effect from 27.09.2021 (Monday) The old place and the new place of working is as under: Name of the Tribunal Place where the Tribunal was functioning Place at which the Tribunal will function Debts …
The Reserve Bank Integrated Ombudsman Scheme, 2021 launched today The Reserve Bank Integrated Ombudsman Scheme, 2021 was launched today. The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme …
MCA flags DINs of Directors found disqualified for a period of five years Ministry of Corporate Affairs had flagged the DINs of Directors found to be disqualified under sub-section 2(a) of section 164 of the Companies Act, 2013 w.e.f. 1st November 2016 for a period of …
Govt. allows manufacturer of Petroleum/Crude with Centralised billing/accounting one excise registration MINISTRY OF FINANCE(Department of Revenue) Notification No. 02/2021-Central Excise (N.T.) New Delhi, the 10th November, 2021 G.S.R. 787(E).––In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules, 2017, the Central …
CBDT exempts income of Assam Building and Other Construction Workers Welfare Board u/s 10(46) of Income Tax Act 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 10th November, 2021 S.O. 4637(E).—In exercise of the powers conferred by clause (46) of section 10 …
