CBDT directs to condone delay in filing of Form No. 10BB
In all the cases of belated applications in filing of Form No. 10BB for years prior to AY. 2018-19, the Commissioners of Income-tax are authorized to admit applications for condonation of delay, where there is delay of upto 365 days.
‘Co-Lending Model’ (CLM) to govern Co-lending by banks and NBFCs to priority sector
The revised scheme seeks to improve the flow of credit to the unserved and underserved sector of the economy and make available funds to the ultimate beneficiary at an affordable cost, considering the lower cost of funds from banks and greater reach of the NBFCs.
Due date for repaying funds availed under TLTRO extended
RBI vide Press Release dated November 06, 2020 has extended the due date for submission of requests for and exercise of option of repaying the funds availed under Targeted Long-Term Repo Operations (TLTRO and TLTRO 2.0) before maturity till November 20, 2020.
SEBI issues Circular on Enhancement of Overseas Investment limits for Mutual Funds.
A mutual fund launching a new scheme intending to invest overseas will be required to specify the amount it will invest outside India and use the limit specified within 6 months.
CBIC issues circular on scheme for rebate of state levies.
CBIC has clarified that the mechanism for the recovery of excess payment of RoSL amount shall be the responsibility of the authorities in regards with the benefits accrued from the scrip as well.
FSS (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose, Functional Foods, and Novel Foods) Amendment Regulations, 2020.
Any products which are to be sold as Health Supplement/Nutraceutical/Specialty food containing plant or botanical ingredients with safe history of usage/food with added probiotic ingredients/ food with added prebiotic ingredients for the age above 6 months till 24 months is not permitted without prior approval of the Food Authority
