Search Results for Tag : Financial Services

News

RBI Permits 100% FDI in Regulated Financial Services(21.10.2016)

Reserve Bank of India (RBI) has permitted 100 % foreign direct investment in 'Other Financial Services' carried out by NBFCs, a move which will help a.....

Tags : Reserve Bank of India, 100% FDI , Regulated Financial Services

CBDT Exempts TDS on Lease Rentals Paid to Air Craft Leasing Units Located in IFSC(20.06.2022)

Central Board of Direct Taxes (CBDT) has provided relaxation from TDS under section 194I of the Income Tax Act, 1961 in respect of lease rentals paid .....

Tags : Central Board of Direct Taxes, TDS, International Financial Services Center

Rajya Sabha Passes International Financial Services Centres Authority Bill, 2019(13.12.2019)

Rajya Sabha has passed the International Financial Services Centres Authority Bill, 2019 by a voice vote thereby paving the way for setting up a unifi.....

Tags : Rajya Sabha, International Financial Services Centres Authority Bill, 2019

RBI Allows IFSCs Bank Branches to Open Foreign Currency Current Accounts(08.01.2016)

Reserve Bank of India (RBI) has permitted bank branches at International Financial Services Centres (IFSCs) to open foreign currency current accounts .....

Tags : Reserve Bank of India , International Financial Services Centres

SEBI Bans First Financial Services, 28 Others from Markets for 3 Years(03.04.2018)

Securities and Exchange Board of India (SEBI) has barred First Financial Services and 28 others from the markets for three years for orchestrating a f.....

Tags : SEBI, First Financial Services

Bombay HC Refuses Interim Relief to Reliance Power Against Edelweiss(14.02.2019)

Bombay High Court has declined interim relief to Anil Ambani Group's promoter entities, which had moved a petition asking the court to restrain Edelwe.....

Tags : Bombay High Court, Reliance Power, Edelweiss Financial Services

Bombay HC Admits Plea filed by Tata Capital Financial Services for Recovering Dues(17.08.2016)

Bombay HC has admitted winding-up petition filed by Tata Capital Financial Services to recover dues worth about Rs 29 crore from 3i Infotech.

Tags : Bombay HC , Tata Capital Financial Services

Govt: Aadhaar Mandatory For Availing Benefits Under Atal Pension Yojana(17.05.2017)

Ministry of Financial Services, Government of India has mandated use of Aadhaar Card for availing benefit of Atal Pension Yojana.

Tags : Ministry of Financial Services, Atal Pension Yojana

SEBI Levies Fine on Karvy Financial Service Ltd. for Delay in Announcing Acquiring of Shares(30.07.2021)

Securities and Exchange Board of India has levied a fine of Rs 10 lakh on Karvy Financial Services Ltd for delay in making public announcement to acqu.....

Tags : Securities and Exchange Board of India, Karvy Financial Services Ltd

International Cases

It is necessary to establish true nature of investments complained about before any final conclusions are reached, including questions related to compensation(30.04.2021)

The central issue in present matter is whether the Ombud for Financial Services (the Ombud), established in terms of Section 20 of the Financial Advis.....

Tags : Ombud, Financial Services, Compensation

Notifications & Circulars

International Financial Services Centres Authority (Form of Annual Statement of Accounts) Rules, 2022(28.02.2022)

In exercise of the powers conferred by clause (d) of sub-section (2) of section 27 read with sub-section(1) of section 16 of the International Financi.....

Tags : Financial Services, Annual Statement, Accounts, Rules

Steps taken by Department of Financial Services with regard to Disruption on account of Corona Virus(12.03.2020)

It is to bring to the notice of all concerned that Department of Financial Services (DFS) has issued the following instructions vide their OM No. 12/0.....

Tags : Financial Services, Disruption, Corona Virus