National Housing Board (NHB) regulates the housing finance system of the country, extends refinance to different primary lenders and lends directly in respect of projects undertaken by public housing agencies for housing construction and development of housing related infrastructure. To enhance the efficiency and effectiveness of the operation of Housing finance company (HFCs), National housing […]
Read More →Introduction Pursuant to the inter-government agreement between India and USA, Income tax Rules were amended on 7th August 2015, by inserting rules 114F, 114G and 114H. The requirement of reporting under the Income-tax Rules is imposed by rules 114G (7) and (8). The RBI issued its 28th August 2015 Circular BR.AML.BC.No.36/14.01.001/2015-16, drawing the attention of […]
Read More →India’s Public Safety Measures Act is a law designed to maintain public safety, security, and order in the nation. While specific provisions of the Act may vary across states, The Act’s principal objective is to give authorities the authority to take preventive measures in order to safeguard peace and public security. The Act usually targets issues […]
Read More →The Ministry of MSME has received multiple requests from various organizations for using its logo in events related to the MSME sector both within India and internationally. Organisations here includes any establishments, offices and officers of the M/o MSME, Indian Embassies / Missions abroad, Industry Associations, Non-Government Organization (NGOs), Not for Profit Organization etc. The […]
Read More →In Line with the provisions mentioned under RBI’s notification (DOR.NBFC (HFC).CC.No.118/03.10.136/2020-21) on the regulatory framework for Housing Finance Companies, all HFCs must meet the following conditions as principal business criteria to operate as an HFC in India. The majority of Financial Assets to be in Housing Finance At least 60% of the company’s total assets […]
Read More →The Indore Community Cameras (Surveillance) Bye-laws 2024 were notified by the Government of Madhya Pradesh on September 12, 2024. The by-laws are applicable to all establishments within the city limits of Indore Municipal Corporation. Applicability The Provision of the By-laws is applicable to all establishments as defined therein. The term “Establishment” refers to any location […]
Read More →Introduction Considering the fast turnaround time in credit underwriting processes through Digital processes, the Reserve Bank of India has made certain changes in the reporting timelines of the Credit information held between the Credit institutions (CIs) and Credit Information companies (CICs). This reform is made with a view of providing updated/latest credit information to enable lenders […]
Read More →The Governor of West Bengal has issued guidelines to ensure the timely and fair Payment of Bonus to employees by 30th September 2024 i.e., before Durga Puja 2024, as per the Payment of Bonus Act, 1965 and its 2015 Amendment. These guidelines aim to maintain industrial peace and harmony. The key highlights on actionable are […]
Read More →The Advertising Standards Council of India (ASCI) issued Guidelines for Advertisements Making Environmental/ Green Claims to ensure that Environmental/Green Claims by businesses are reliable, verifiable, and transparent. These guidelines respond to the growing consumer demand for environmentally friendly products and services. These further aim to enable consumers to make informed choices and prevent misleading greenwashing […]
Read More →On 29th May 2024, Insurance Regulatory and Development Authority of India (IRDAI) notified the Master Circular on IRDAI (Insurance Products) Regulations 2024- Health Insurance. This master circular was effective with immediate effect i.e., 29th May 2024. This circular is in addition to IRDAI (Insurance Products) Regulations 2024 and shall be read with IRDAI (Protection of […]
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