June 10, 2021 Compliance Connect
Usage of Automated Teller Machines / Cash Recycler Machines– Review of Interchange Fee and Customer Charges vide its notification number RBI/2021-22/52 dated 10 June, 2021 Due to the increasing cost of ATM deployment and expenses towards ATM maintenance incurred by banks/ white label ATM operators, and as also considering the need to balance expectations of stakeholder entities and customer convenience, the following amendment has been made in accordance with Section 10(2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007):
To compensate the banks for the higher interchange fee and given the general escalation in costs, they are allowed to increase the customer charges to ?21 per transaction. This increase shall be effective from January 1, 2022. These instructions shall also apply, mutatis mutandis, to transactions done at Cash Recycler Machines (other than for cash deposit transactions).
REPEAL OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (DELISTING OF EQUITY SHARES) REGULATIONS, 2009 SEBI has vide its notification number SEBI/LAD-NRO/GN/2021-25 dated 10th June 2021 has repealed the “SECURITIES AND EXCHANGE BOARD OF INDIA (DELISTING OF EQUITY SHARES) REGULATIONS, 2009" and has issued new delisting regulations- “SECURITIES AND EXCHANGE BOARD OF INDIA (DELISTING OF EQUITY SHARES) REGULATIONS, 2021."
Insolvency Professional to act as Interim Resolution professionals, Liquidator, Resolution Professionals and Bankruptcy Trustees (Recommendation) 2021 Guidelines, - Extension of last date for submission of Expression of Interest (EOI) (June 10, 2021) Last date for submission of expression of interest (EOI) for “Insolvency Professional to act as Interim Resolution professionals, Liquidator, Resolution Professionals and Bankruptcy Trustees (Recommendation) 2021 Guidelines" has been extended to June 25, 2021.