RBI Grants Approval for Acquiring Financial Assets of ARCs
The financial market regulator, Reserve Bank of India (RBI) on June 28, 2019 has permitted acquiring of financial assets of Asset Reconstruction Companies (ARCs) with certain conditions. The RBI has approved the scheme in the light of the amendments made in the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, […]
Services of the industry engaged in Food Stuffs declared to be a public utility service
The ministry of Labour And Employment vide a notification dated 9th July, 2019, has declared the services of the industry engaged in Food Stuffs (covered under item 6 of the First Schedule to the Industrial Disputes Act,1947 ) to be a public utility service for six months from the date of this notification. To read […]
The Central Board of Excise and Customs Introduces eSANCHIT to Commissioners
CBIC released a circular on 16th July, 2019 to notify the implementation of eSANCHIT processing application among the Principal Chief Commissioners and the Chief Commissioners of Customs, Customs & Central Taxes and Customs (Preventive).
The application eSANCHIT is in operation with the objective of reducing physical interface between the customers and the regulatory agencies. It is a facility to upload digitally signed Licenses/Permits/Certificates/Other Authorizations (LPCOs) at all ICES locations across India.
