Category Archives: other Acts

Draft Exposure on GUIDELINES ON “PRODUCT FILING PROCEDURES FOR GENERAL INSURANCE PRODUCTS

By | November 14, 2015
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Ref:IRDAI/F&U Guidelines/2015 Date:13-11-2015 Draft Exposure on GUIDELINES ON “PRODUCT FILING PROCEDURES FOR GENERAL INSURANCE PRODUCTS The current guidelines on file and use requirement for general insurance products have been in operation since September, 2006. These guidelines were issued when general insurance business was de-tariffed. The guidelines on file and use requirements for general insurance products… Read More »

Committee on Motor Dealer payouts on motor insurance business

By | November 14, 2015
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Ref:IRDA/NL/ORD/CMT/199/11/2015 Date:13-11-2015 Constitution of Committee on Motor Dealer payouts on motor insurance business The Authority proposes to bring clarity and transparency in payouts made to the auto dealers by the insurers for getting motor insurance business. Therefore, the Authority hereby constitutes a Committee consisting of the following members. SN Name Entity Position 1 Mr. Suresh… Read More »

Bharat Bill Payment System Operating Units application date extended

By | November 14, 2015
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RBI extends last date for receipt of applications for authorising Bharat Bill Payment System Operating Units (BBPOUs) Date : Nov 13, 2015 The Reserve Bank of India has extended the last date for receiving applications for authorising Bharat Bill Payment System Operating Units (BBPOUs), to December 18, 2015 from the earlier November 20, 2015. This… Read More »

Rule 21(8) of Punjab Vat Act for reducing the Input tax credit effective from 01.4.2014:High Court

By | November 11, 2015
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In the absence of any provision in the statute enabling the State of Punjab to notify rule 21(8) of the Rules with effect from January 21, 2014, the said provision would come into effect from April 1, 2014. However, since the notification by which rule 21(8) of the Rules was added to the Rules, was… Read More »

SC suo motu PIL to consider Suffering by Muslim women due to “arbitrary” divorce rules

By | November 11, 2015
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Divorce

IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO.7217 OF 2013 PRAKASH & ORS. …APPELLANTS VERSUS PHULAVATI & ORS. …RESPONDENT The Supreme Court has ordered registration of a PIL and urged Chief Justice H L Dattu to set up a Special Bench to consider gender discrimination suffered by Muslim women owing to “arbitrary… Read More »

Payment of agency commission, Certification of claims by external auditors

By | November 11, 2015
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RBI/2015-16/233 DGBA.GAD.No. 1636/31.12.010/2015-16 November 10, 2015 The Chairman / Chief Executive Officer All agency banks Dear Sir / Madam Payment of agency commission – Certification of claims by external auditors Please refer to our circulars DGBA.GAD.No.2528/31.12.010(C)/2012-13 and DGBA.GAD.No.H-2995/31.12.010/2014-15 dated October 31, 2012 and January 7, 2015 respectively prescribing the format for certification of agency commission… Read More »

SEBI Circular for Streamlining the Process of Public Issue of Equity Shares and Convertibles

By | November 10, 2015
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public Issues

CIRCULAR CIR/CFD/POLICYCELL/11/2015 November 10, 2015 To Recognised Stock Exchanges Depositories Registered Stock Brokers Registered Merchant Bankers Registered Registrars to an Issue and Share Transfer Agents Registered Depository Participants Registered Bankers to an Issue Dear Sir/Madam, Sub: Streamlining the Process of Public Issue of Equity Shares and Convertibles 1. As a part of the continuing endeavor… Read More »

Withdrawal of all old series of Banknotes issued prior to 2005

By | November 10, 2015
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Banknotes

RBI/2014-15/650 DCM(Plg) No.G-15/5486/10.27.00/2014-15 June 26, 2015 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks Primary (Urban) Co-operative Banks/RRBs Dear Sir /Madam Withdrawal of all old series of Banknotes issued prior to 2005 Please refer to our circular DCM (Plg) No. G-19/3880/10.27.00/2013-14 dated March 03, 2014, DCM (Plg) No. G-8/3004/10.27.00/2014-15 dated… Read More »

Banknotes with new numbering pattern and special features for the visually impaired

By | November 10, 2015
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Banknotes

RBI/2015-16/188 DCM (Plg) No.G-6/1128/10.01.24/2015-16 September 24, 2015 The Chairman / Managing Director/ Chief Executive Officer All Banks Dear Sir /Madam Banknotes with new numbering pattern and special features for the visually impaired Reserve Bank of India is issuing Banknotes in Mahatma Gandhi Series 2005 with a new numbering pattern and special features for the visually… Read More »