Circulars

25 FAQs on Income Computation and Disclosure Standards (ICDS)

Circular No. 10/2017-Income Tax (23/03/2017)

After notification of ICDS, it has been brought to the notice of CBDT by stakeholders that certain provisions of ICDS may require amendment/clarification for proper implementation. ...

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SEBI eases norms for issuing debt securities by municipalities

Circular No. CIR/IMD/DF-1/ 25 /2017 (22/03/2017)

SEBI eases norms for issuing debt securities by municipalities...

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IRDA: Modification in premium rates due to revised Commission/Remuneration Structure and introduction of Reward System

Ref. IRDAI/NUCIR/F&U/ 060/03/2017 (22/03/2017)

IRDAI (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations 2016 comes into force with effect from 1st April, 2017. ...

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‘Relevant date’ for computing Price for issue of shares to a select group of shareholders

Circular No. CFD/DIL3/CIR/2017/26 (23/03/2017)

Para 8 of the aforesaid circular provides that the pricing provisions of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 shall be followed in case of issuance of shares to a select group of shareholders or shareholders of unlisted companies pursuant to such schemes. It is now clarified that the ‘rele...

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Guidelines on Stewardship Code for Insurers in India

Ref: IRDA/F&A/GDL/CMP/059/03/2017 (22/03/2017)

The Authority had revised the Corporate Governance guidelines for insurance companies in 2016, which combined the stipulations regarding the form and composition of the Board, the Appointment and qualifications of Directors and Key Management Persons (KMPs), appointment of Auditors, etc....

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Reduction in EPF & EDLI administrative charges

No. WSU/44(2)97/Administrative Charges/33959 (22/03/2017)

The expenditure incurred in administering the Employees' Provident Fund is met from the administrative and inspection charges collected from the employers of un-exempted and exempted establishments respective...

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Rebate of State Levies (RoSL) on Export of made-up articles

Circular No. 8/2017 - Customs (20/03/2017)

The Government of India has decided to extend the RoSL on garment exports to exports of made-up articles covered under Chapter 63 of the AIR Drawback schedule. ...

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Operational flexibility for Indian subsidiaries of Non-resident Companies

RBI/2016-17/254 A.P. (DIR Series) Circular No. 41 (21/03/2017)

To provide operational flexibility for booking derivative contracts to hedge the currency risk arising out of current account transactions of Indian subsidiaries of Multi-National Companies (MNCs)....

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DVAT 3rd quarter of 2016-17 Return Filing due date extended to 31/03/2017

Circular No. 28 of 2016-17 (17/03/2017)

Commissioner, Value Added Tax, Delhi extends the last date of filing of online/hard copy of third quarter return for the year 2016-17, in Form DVAT-16 ,DVAT-17 and DVAT-48 along with required annexure/enclosures to 31.03.2017....

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Upload regulatory orders and arbitration matters on website: SEBI

Circular No. SEBI/HO/MRD/DRMNP/CIR/P/2017/24 (16/03/2017)

In order to improve transparency in disclosing the regulatory orders and arbitration awards issued by clearing corporations, it has been decided that all regulatory orders i.e. orders against clearing members and arbitration / appellate awards by arbitrators need to be made available to investors....

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