"16 July 2019" Archive

SEBI amends formats for Compliance Report on Corporate Governance

Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/78 16/07/2019

SEBI amends  formats for Compliance Report on Corporate Governance as per Annexure I, II and III to this circular are being prescribed:- Annex – I – on quarterly basis; Annex – II – at the end of a financial year (for the whole of financial year); Annex – III – within six months from end […]...

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Fraudulent GST ITC of Rs 5.06 Crore- One arrest in Gurugram

The Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit arrests one person for taking ITC fraudulently to the tune of more than Rs 5.06 Crore The Directorate General of GST Intelligence (DGGI),Gurugram Zonal Unit, Gurugram has arrested one person namely Shri Ajit Jindal, Proprietor of M/s. Shree Balaji Enterprises, A-43, S...

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Posted Under: SEBI | ,

Amending Secrecy Clause to Disclose the Borrowers Name

As per Reserve Bank of India (RBI)’s data on global operations, aggregate gross advances of Public Sector Banks (PSBs) increased from Rs. 18,19,074 crore as on 31.3.2008 to Rs. 52,15,920 crore as on 31.3.2014. As per RBI inputs, the primary reasons for the spurt in stressed assets have been observed to be, inter-alia, aggressive lendi...

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Posted Under: SEBI |

Seeding of Bank Account and Linking with Aadhaar

The linking of the bank accounts with Aadhaar for receiving subsidy/direct benefit transfers from the Government, including the State Governments is done as per the extant provisions of the Aadhaar (Targeted Delivery of Financial and Other subsidies, Benefits and Services) Act, 2016 (18 of 2016)....

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Posted Under: SEBI |

LPCOs not allowed to be uploaded on eSANCHIT w.e.f 01/08/2019

Circular No. 19/2019-Customs 16/07/2019

Since the facility to upload the LPCOs is now being fully made available to these 16 new PGAs, therefore, the beneficiaries i.e. importer/exporters/customs brokers would not be allowed to upload the previously issued LPCOs on eSANCHIT w.e.f 01/08/2019. Further, to facilitate the members of the trade (beneficiaries), the PGAs are required ...

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Section 194 – TDS on dividend

The provisions relating to TDS on dividend is covered under Section 194 of the Income Tax Act, and the same has been explained briefly in the current article. Going through the basic provisions of section 194 of the Income Tax Act – As per the provisions of section 194 of the Income Tax Act, the Principal officer of […]...

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Posted Under: SEBI | ,

Kerala HC Order on Puducherry registered Motor Vehicles

Sabu Johny Vs State of Kerala (Kerala High Court)

Sabu Johny Vs State of Kerala (Kerala High Court) (a) Section 3(6) of Motor Vehicles Taxation Act, 1976 is within the competence of State legislature and Section 3(6) is not in any manner repugnant to Chapter IV of Motor Vehicles’ Act, 1988 or ultra vires Act 1976. Section 3(6) therefore is valid and legal. (b) The registration [&...

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National Savings Time Deposit (Amendment) Rules, 2019

G.S.R. 507(E) 16/07/2019

These rules may be called the National Savings Time Deposit (Amendment) Rules, 2019. They shall deemed to have come into force on the 1st day of July, 2019....

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Govt notifies Interest Rate on PPF applicable from 1st July 2019

G.S.R.506(E). 16/07/2019

Central Government hereby notifies that subscriptions made to Public Provident Fund on or after the 1st day of July, 2019 and balances at the credit of the subscriber shall bear interest at the rate of 7.9 per cent. per annum....

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Interest Rate on Sukanya Samriddhi Account w.e.f. 1st July 2019

G.S.R. 505(E) 16/07/2019

Central Government hereby notifies that subscriptions made to Sukanya Samriddhi Account fund on or after 1st day of July, 2019 and the balances at the credit of the subscriber shall bear interest at the rate of 8.4 per cent. per annum....

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