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 …