PSARA License Today Security is the Big issue. Every Body in India who is having name and fame needs security guard or boxers or body guard for there personal or for family. Even Companies , Industries and war houses needs security. Now to manage this security individual or company use to hire security guard from security agency.This Security agency needs to follow certain government norms and policy. As Crime is increasing, There is huge demand […]

If the taxpayer cannot pay all the GST dues (tax/interest/penalty) in a lump sum or within the stipulated date, then he can file an application to the Commissioner requesting to pay in installments. The Commissioner can extend the due date for payment or allow the taxpayer to pay in installments. The reasons for accepting/rejection of such application have to be provided in writing. When paying in installments, the taxpayer has to remember that: Installments are payable every […]

The Reserve Bank of India said the new valuation norms for the perpetual additional tier 1 (AT-1) bonds of banks has led to distortions in the market. The market regulator Securities & Exchange Board of India introduced a standardised valuation regime for such perpetual bonds from April this year after concerns were raised on the pricing of AT-1 bonds. Following this, RBI analysed the bond prices of one large public sector bank and one large […]

The Reserve Bank of India has formalised the framework for payment companies outsourcing payment and settlement related activities to third party operators. The central bank’s fresh guidelines come at a time when India’s tech ecosystem has seen several high-profile cyber attacks such as those at Juspay, Upstox and Mobikwik over last year targeting customers’ payments data. As per the new rules, licensed non-bank Payment System Operators (PSOs), cannot outsource core management functions, including internal audits, […]

The Reserve Bank of India has tightened norms for appointing auditors and has capped the numbers based on the asset size of the bank with an aim to prevent wide variations in asset classification and misleading accounts statements. Banks shall take prior approval from the RBI on the appointment of auditors, but non-bank lenders can go ahead with just intimating the regulator. As per the new norms, banks will be required to take prior approval […]