Section – 45-I Reserve Bank of India Act 1934 Definitions. 45-I. In this Chapter, unless the context otherwise requires,— 2 [(a) “business of a non-banking financial institution” means carrying on of the business of a financial institution referred to in clause (c) and includes business of a non-banking financial company referred to in clause (f);]… Read More »
Section 45A Reserve Bank of India Act 1934 1 [CHAPTER IIIA COLLECTION AND FURNISHING OF CREDIT INFORMATION Definitions. 45A. In this Chapter, unless the context otherwise requires,— (a) “banking company” means a banking company as defined in section 5 of the Banking 2 [Regulation] Act, 1949 (10 of 1949), and includes the State Bank of… Read More »
Section 12 Customs Act 1962 CHAPTER V LEVY OF, AND EXEMPTION FROM, CUSTOMS DUTIES Dutiable goods. 12. (1) Except as otherwise provided in this Act, or any other law for the time being in force, duties of customs shall be levied at such rates as may be specified under the Customs Tariff Act, 1975 (51… Read More »
Section 2 Customs Act 1962 Definitions. 2. In this Act, unless the context otherwise requires,— (1) “adjudicating authority” means any authority competent to pass any order or decision under this Act, but does not include the Board, 1 [Commissioner (Appeals)] or Appellate Tribunal; (1A) “aircraft” has the same meaning as in the Aircraft Act, 1934… Read More »
Section 2 Special Economic Zone Act 2005 Definitions In this Act, unless the context otherwise requires,— (a) “Appointed day” with reference to a Special Economic Zone means the date on which the Special Economic Zone is notified by the Central Government under sub-section (1) of section 4; (b) “Approval Committee” means an Approval Committee constituted… Read More »
Powers, authority and responsibilities of Municipalities, etc. 243W. Subject to the provisions of this Constitution, the Legislature of a State may, by law, endow— (a) the Municipalities with such powers and authority as may be necessary to enable them to function as institutions of self-government and such law may contain provisions for the devolution of… Read More »
RBI/2016-17/300 DPSS (CO) EPPD No.2612/04.03.01/2016-17 May 08, 2017 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT Madam / Sir, National Electronic Funds Transfer (NEFT) system – Settlement at half-hourly intervals National Electronic Funds Transfer (NEFT) system presently settles the fund transfer requests of the participating banks on net… Read More »
REGD. NO. D. L.-33004/99 THE GAZETTE OF INDIA EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY NEW DELHI, FRIDAY, MAY 5, 2017/VAISAKHA 15, 1939 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 20th April, 2017 Insurance Regulatory and Development Authority of India (Outsourcing of Activities by Indian Insurers) Regulations, 2017 F. No. IR DAI/Reg/5/142/2017.In exercise… Read More »
REGD. NO. D. L.-33004/99 THE GAZETTE OF INDIA EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY NEW DELHI, FRIDAY, MAY 5, 2017/VAISAKHA 15, 1939 MINISTRY OF FINANCE (Department of Financial Services) ORDER New Delhi, the 5th May, 2017 S.O. 1435(E).-In exercise of the powers conferred by Section 35AA of the Banking Regulation Act, 1949 (10 of… Read More »
Date : May 05, 2017 The rate of interest on the Floating Rate Bonds, 2024 (FRB 2024) applicable for the half year May 07, 2017 to November 06, 2017 shall be 6.30 percent per annum. It may be recalled that the rate of interest on the FRB, 2024 was set at average rate (rounded off… Read More »