Income Tax | GST | Accounting
Income Tax | GST | Accounting
The Reserve Bank of India (RBI) has imposed monetary penalties on five banks because of non-adherence to regulatory compliance. Shree Mahayogi Lakshmamma Co-operative Bank Ltd. The Reserve Bank of India (RBI) has imposed, by an order dated January 02, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on Shree Mahayogi Lakshmamma Cooperative […]
The Reserve Bank of India (RBI) cancels registration certificate of 4 NBFCs in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No Name of the Company Registered Office Address CoR No. CoR Issued On […]
RBI imposes a monetary fine of Rs. 1.67 Crore against Ola: The Reserve Bank of India (RBI) imposes monetary penalty of Rs. 1,67,80,000 on Ola Financial services Private Limited. This monetary penalty was imposed for non compliance with certain provisions of the Master Directions on PPIs dated August 27, 2021 (as updated from time to time) and […]
The Reserve Bank of India (RBI) issued notification on note Sorting Machines Authentication and Fitness Sorting Parameters. Guidelines on Note Authentication and Fitness Sorting Parameters Introduction A fit note is a note that is genuine, sufficiently clean to allow its denomination to be readily ascertained and thus suitable for recycling. An unfit note is a […]
RBI Issued Directive to All Payment System Providers and Payment System Participants – Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]. NOTIFICATIONS RBI/2022-23/77 CO.DPSS.POLC.No.S-567/02-14-003/2022-2 Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment Aggregators and Payment Gateways”, and CO.DPSS.POLC.No.S-516/02-14-003/2021-22 […]
