9. support shall not be available to a Banking Unit. =============... ... ...

8. The liabilities of a Banking Unit, other than the deposits raised from Qualified Individuals and Qualified Resident Individuals, shall be exempt from Cash Reserve Ratio or other such requirements. The deposits raised from Qualified Individuals and Qualified Resident Individuals shall be subject to such reserve ratios as may be specified by the Authority. =============... ... ...

7. A Banking Unit shall be subject to an exposure ceiling of five percent of the Parent Bank's Tier 1 capital in case of a single borrower, and ten percent of Parent Bank's Tier 1 capital in the case of a borrower group. =============... ... ...

6. Banking Unit shall adhere to the norms and guidelines relating to leverage ratio as may be specified by the Authority, from time to time. =============... ... ...

5. (1) A Banking Unit shall maintain the Liquidity Coverage Ratio; Provided that with the Authority's permission, the Liquidity Coverage Ratio may be maintained by the Parent Bank. (2) Net Stable Funding Ratio shall be made applicable to a Banking Unit as and when determined by the Authority and shall be maintained by a Banking Unit; Provided that with the Authority's permission, the Net Stable Funding Ratio may be maintained by the Parent Bank. =============... ... ...

CHAPTER III PRUDENTIAL REGULATORY REQUIREMENTS 4. (1) Banking Units shall adhere to the norms and guidelines as may be prescribed by the Authority, from time to time. (2) Banking Units shall continue to comply with the directions and instructions issued by the Reserve Bank of India as applicable for IFSC Banking Units, unless otherwise specified by the Authority. =============... ... ...

CHAPTER II SETTING UP OF A BANKING UNIT 3. (1) Indian Banks and Foreign Banks shall require licence from the Authority to set up a Banking Unit in an International Financial Services Centre. (2) An application shall be made by the Parent Bank in the form and manner as specified by the Authority. (3) The applicant shall satisfy the following requirements for grant of licence by the Authority: (a) Parent Bank shall provide a minimum capital of USD 20 million or such other ... ... ...

2. (1) In these regulations, unless the context otherwise requires, - (a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) "Authority" means the International Financial Services Centres Authority established under sub-section (1) of Section 4 of the Act; (c) "Banking Unit" means a financial institution under clause (c) of sub-section (1) of Section 3 of the Act that is licensed by the Authority to undertake permissible ... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 18th November, 2020 International Financial Services Centres Authority (Banking) Regulations, 2020 IFSCA/2020-21/GN/REG004.-In exercise of the powers conferred by sub-section (1) of Section 28 read with sub-section (1) of Section 12 and sub-section (1) of Section 13 of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby makes the... ... ...

COWBERRY delivers organic groceries pan-India, from metro cities to smaller towns. New Delhi [India], September 14: India's grocery delivery race has been won, so far, largely on speed. Apps compete on minutes, not values, and for most everyday groceries that is a perfectly reasonable way to compete — a bag of rice doesn't need much verification to be exactly what it says on the label. Organic food is a different category entirely, and COWBERRY, the company positioning itself as India's large... ... ...

SHRI O.P. KANT, ACCOUNTANT MEMBER AND SHRI AMARJIT SINGH, JUDICIAL MEMBER For the Appellant : Sh. Dinesh Gupta, CA For the Respondent : Sh. Gaurav Pundir, Sr. DR ORDER PER O.P. KANT, AM: This appeal by the assessee is directed against order dated 16/08/2017 passed by the learned Commissioner of Income-tax (Appeals)-6, Delhi [in short 'the Ld. CIT(A)'] for assessment year 2013-14, raising following grounds: 1. That on facts and in the circumstances of the petitioner compan... ... ...

Invitees at Authority meetings may be permitted where their presence is desired for advice or consultation. The Chairperson may invite such person to attend after giving prior intimation to the other members.

Organisers and participants in specified events in Delhi must obtain GST registration and discharge applicable tax liabilities. Unregistered persons must register as Casual Taxable Persons at least five days before the event and deposit advance tax equivalent to estimated liability. Existing GST registrants must add the event venue as an additional place of business or obtain CTP registration. Organisers and venue owners are jointly and severally responsible for compliance, while organisers must provide prior intimation, obtain an NOC, disclose vendor and sponsor details, issue tax invoices where applicable, and submit post-event tax and sales information.

Reimbursement of Delhi GST deposited on admission services for the exhibition of "Super 30" is subject to unchanged entry fees and seating capacity, separate deposit of State GST through prescribed challans, and submission of a prescribed application with challan copies. Tickets and counterfoils must carry an endorsement that SGST has not been charged. The facility is available for six months, excludes tax already collected from viewers, and is subject to budgetary fund availability.

Meeting quorum rules permit at least two members to constitute a quorum where the Authority's total strength is below four, subject to the presence of at least one ex-officio member. The Chairperson may invite persons for advice or consultation after prior intimation to other members. Information concerning the Authority's functioning and meeting decisions may not be disclosed to the press or other public media by members, except by the Chairperson or a specifically authorised person.

Members of the International Financial Services Centres Authority must declare faithful performance of their duties and maintain secrecy concerning Authority affairs. They must not communicate information about the Authority or persons dealing with it to persons not legally entitled to receive it, or permit such communication. They must also prevent unauthorised inspection of or access to books, documents, and business information concerning persons having dealings with the Authority.

Affixation of the Authority's Common Seal requires prior authorisation through a resolution of the Authority. The seal may be affixed only in the presence of at least one member, who must sign the instrument to attest that presence. This signature is independent of any signature made by a witness to the instrument.

Regulation 15 empowers the Chairperson, whole-time members, and Chairperson-nominated officers to execute financial and business documents for the Authority. This includes dealing with negotiable instruments, securities, property title documents, bills of exchange, accounts, receipts, and connected instruments. Officers specifically authorised by the Chairperson may also sign and verify plaints, written statements, complaints, affidavits, petitions, and other documents connected with legal proceedings.

Execution of contracts by the Authority is permitted in writing through a member, officer, or other person acting under express or implied authorisation where written execution and signature are legally required. Such contracts may be varied or discharged in the same manner. Contract-related documents may be signed and verified by an officer authorised by the chairperson. Contracts executed in accordance with these requirements are valid and binding on the Authority.

The Chairperson must nominate an Authority officer of at least Grade 'D' as Secretary to keep custody of the common seal, attendance register, minutes book, and other meeting-related records. The Secretary is responsible for arranging meetings, recording minutes, and generally ensuring compliance with the meeting procedure regulations.