"22 February 2019" Archive - Page 2

Result of CS Professional & Executive Programme Exam on 25.02.2019

The result of Company Secretaries Professional Programme and Executive Programme examinations held in December, 2018 is scheduled to be declared at 11.00 A.M. and 2.00 P.M. respectively on Monday, the 25th February, 2019 through the website of the Institute: www.icsi.edu...

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Posted Under: CA, CS, CMA |

Eligibility of Exports made from SEZ/EOU units on behalf of DTA units Reg.

Policy Circular No. 20/2015-2020-DGFT (22/02/2019)

It is clarified that the exports which are made/have been made directly from a EOU/ SEZ unit to Foreign consumer in which export documents are prepared and filed at the customs office of concerned SEZ/EOU Unit, mentioning the name of the EOU/SEZ unit along with the name of the DTA unit on whose behalf the exports is made, would be eligib...

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GST on ocean freight for transportation of goods in a vessel from a non-taxable to taxable territory

In re Indian Potash Limited (GST AAR Andhra Pradesh)

In re Indian Potash Limited (GST AAR Andhra Pradesh) The transportation of goods in a vessel from a non-taxable territory to taxable territory amounts to import of service and such ocean freight is leviable to IGST as an inter-state supply of service and the Applicant, being the importer, are liable to pay IGST under reverse […]...

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GST on Papad and papad pipes commonly known as un-fried Fryums

In re M/s. Sonal Product (GST AAR Gujarat)

In re M/s. Sonal Product (GST AAR Gujarat) (a) What is the correct classification of “Papad and papad pipes” of different shapes, sizes and varieties (commonly known as un-fried Fryums) manufactured by the applicant? The product ‘Un-fried Fryums’ manufactured and supplied by M/s. Sonal Product (GSTIN 24AGPPK7290R1Z...

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Verification of Registered Office in e- Form Active (INC-22A) Last Date 25.04.2019

The Companies (Incorporation) Amendment Rules, 2019 Effective Date: They shall come into force with effect from 25th February, 2019 Eligible Company: Every company incorporated on or before the 31st December, 2017 Companies not Eligible: – 1. Companies 2. Not filed its due financial statements under section 137 or 3. due annual retu...

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Posted Under: CA, CS, CMA |

All about New E FORM INC- 22A- ACTIVE

ALL ABOUT NEW E FORM INC- 22A- ACTIVE (Active Company Tagging Identities and Verification) inserted vide Companies (Incorporation) Amendment Rules, 2019. Legislative Law ln the Companies (incorporation) Rules, 2014, after rule 25, the following shall be inserted, namely:- ’25A. Active Company Tagging Identities and Verification (ACT...

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Posted Under: CA, CS, CMA |

Risk Weights for rated exposures to NBFCs

Circular No. RBI/2018-19/126 DBR.BP.BC.No.25/21.06.001/2018-19 (22/02/2019)

It has been decided that exposures to all NBFCs, excluding Core Investment Companies (CICs), will be risk weighted as per the ratings assigned by the rating agencies registered with SEBI and accredited by the Reserve Bank of India, in a manner similar to that of corporates...

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RBI Reviews Instructions on Bulk Deposit

Notification No. RBI/2018-19/128 DBR.DIR.BC.No.27/13.03.00/ 2018-19 (22/02/2019)

in the ‘Statement on Developmental and Regulatory Policies’ of the Sixth Bi-monthly Monetary Policy Statement dated February 07, 2019, it has been decided to revise the definition of ‘bulk deposits’ and provide operational freedom to banks in raising these deposits....

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RBI to Harmonise different categories of NBFCs

RBI/2018-19/130 DNBR (PD) CC.No.097/03.10.001/2018-19 (22/02/2019)

In order to provide NBFCs with greater operational flexibility, harmonisation of different categories of NBFCs into fewer ones shall be carried out based on the principle of regulation by activity rather than regulation by entity. ...

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MSMEs Interest Subvention Scheme: Salient features & operational guidelines

RBI/2018-19/129 DNBR (PD) CC.No.096/03.10.001/2018-19 (22/02/2019)

Interest Subvention Scheme for MSMEs aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for a period of two financial years FY 2019...

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