IRDAI published circular to stop the facility of repayment of loan taken against the insurance policy through credit card
Insurance Regulatory and Development Authority of India issued instructions to stop the facility of repayment of loan taken against the insurance policy through credit card.
NSE issues caution notice for investors
Exchange provides warning to the investors about a person named “Vishnu Darak” (Mob: – 9326799992) who is providing dabba/illegal trading platform with assured profit. He offers to handle investor’s trading A/C by asking their ID and password.
Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2023
The Registrar, Centre for Processing Accelerated Corporate Exit established shall be the Registrar of Companies for the purposes of exercising functional jurisdiction of processing and disposal of applications made in Form No. STK-2 and all matters related thereto under section 248 having territorial jurisdiction all over India.
Reserve Bank of India and Bank for International Settlements launch G20 TechSprint 2023
The G20 TechSprint 2023 is open to developers from around the world. Participants may access the page https://hackolosseum.apixplatform.com/h1/g20techsprint2023 for registrations and further steps including submission of solutions.
Legal Entity Identifier (LEI) for issuers who have listed and/ or propose to list non-convertible securities, securitized debt instruments and security receipts.
Issuers having outstanding listed non-convertible securities as on August 31, 2023, shall report/ obtain and report the LEI code in the Centralized Database of corporate bonds, on or before September 1, 2023. Similarly, issuers having outstanding listed securitized debt instruments and security receipts as on August 31, 2023, shall report/ obtain and report the LEI code to the Depository(ies), on or before September 1, 2023.
Additional requirements for the issuers of transition bonds
An issuer shall disclose the denotation in the Centralized Database for corporate bonds/ debentures by filling the denotation. The Depositories shall update the denotation i.e. GB-Tas prefix in “instrument details” field in Centralized Database for corporate bonds/ debentures.
Testing Framework for the Information Technology (IT) systems of the Market Infrastructure Institutions (MIIs)
A comprehensive methodology for system testing, functional testing, application security testing should be established and the same shall be approved by Standing Committee on Technology (SCOT) of respective MIIs. The scope of testing shall, inter-alia, cover business logic, system function, security controls and system performance under load and stress conditions. Any dependency on the existing systems shall be properly tested.
SRI fund to encourage MSMEs in north east
The Government of India, launched SRI Fund with an outlay corpus of Rs 10,006 crore, concentrated towards financing an infusion of capital to MSMEs through Daughter Funds. The SRI fund which is being managed by NVCFL, is an Alternative Investment Fund (AIF) providing growth capital to MSMEs through equity/quasi-equity/equity-like structured instruments. As on 31st March 2023, the fund has made a capital commitment of Rs. 5,120 crore to 42 empaneled daughter funds.
Revised custom exchange rates
The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II , into Indian currency or vice versa, shall, with effect from 05th May, 2023
Office of commissioner, NCT Delhi issues circular regarding furnishing of saving details for computing the income tax for the financial year 2023-24
Officers/officials who are drawing salary from Labour department to furnish their savings details in the format available with the Accounts branch with supporting documents and to submit it latest by 15th May, 2023.
