Category: Finance Ministry
Bank deposit insurance to be paid in around 90 days in case of bank failure. Cabinet clears Deposit Insurance & Credit Guarantee Corporation Bill 2021 Deposit Insurance & Credit Guarantee Corporation Bill 2021 has been cleared by the Cabinet today. The said corporation insures all bank deposits such …
e filing of pleading before DRT & DRAT made mandatory where debt to be recovered is Rs. 100 crore and above. MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 22nd July, 2021 G.S.R. 501 (E).—In exercise of the powers conferred by clause (ccd) of sub-section(2) of …
Govt. reconstitutes Advisory Board under Conservation of Foreign Exchange & Prevention of Smuggling Activities Act 1974 ( COFEPOSA ) for detention longer than three months MINISTRY OF FINANCE(Department of Revenue)(CENTRAL ECONOMIC INTELLIGENCE BUREAU) NOTIFICATION New Delhi, the 16th July, 2021 G.S.R. 491(E).—In exercise of the powers conferred by …
Supreme Court declares requirement of minimum age of 50 years for appointment in Tribunals as void and inoperative ABCAUS Case Law CitationABCAUS 3528 (2021) (07) SC Important case law relied referred:Union of India vs. R. Gandhi, President Madras Bar AssociationMadras Bar Association vs. Union of India & Anr.Rojer …
There is a change in the address and location of Debts Recovery Appellate Tribunal (DRAT) Chennai with effect from 09.07.2021. The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act) provides speedy redressal to lenders and borrowers through filing of Original Applications (OAs) in …
Housing financial companies notified under SARFAESI Act as financial institutions if registered with NHB & assets worth of at least 100 crores MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 17th June, 2021 S.O.2405(E).—In exercise of the powers conferred by sub-clause (iv) of clause (m) of …
Justice Shashi Kant Gupta appointed chairman of Appellate Authority under CA / CMA / CS Act The Central Government vide notification number G.S.R. 835(E) dated the 3rd November, 2015 have established an Appellate Authority in exercise of the powers conferred by sub-section (1) of Section 22A of the …
M/s Online PSB Loans Limited authorised to perform Aadhaar authentication on voluntary basis on the National Portal for Credit Linked Government Schemes (CLSS). As per Notification No. SO 2257(E) issued by the Ministry of Finance, M/s Online PSB Loans Limited has been allowed to perform Aadhaar authentication for …
Emergency Credit Line Guarantee Scheme (ECLGS) expanded – ECLGS 4.0 for onsite oxygen generation, wider coverage of ECLGS 3.0 and increase in tenor for ECLGS 1.0 On account of the disruptions caused by the second wave of COVID 19 pandemic to businesses across various sectors of the …
International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations 2021 The International Financial Services Centres Authority has notified the International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021 As per the Regulations, no person shall conduct, organise or assist in organising any stock exchange, clearing corporation or …