"02 December 2020" Archive

Keep membership statue live to generate UDIN, Article Registration etc.: ICAI

Attention of the members is also drawn to linkage of live membership status as a pre-requisite for all certification courses and access to DLH and other benefits including article registration in addition to generation of UDIN on all documents issued by Chartered Accountants for assignments related to audit, attestation and certification ...

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Posted Under: CA, CS, CMA |

ICAI advised CA Students to Observe Code of Conduct

CA Students are advised to observe Code of Conduct for CA students in letter and spirit so as to maintain the highest standards of this esteemed profession. In case of any violation of the same by the students, disciplinary action will be taken against them....

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Posted Under: CA, CS, CMA |

Operational guidelines for Transfer & Dematerialization of re-lodged physical shares

Notification No. SEBI/HO/MIRSD/RTAMB/CIR/P/2020/236 (02/12/2020)

Subsequent to processing of the re-lodged transfer request, the RTA shall retain the physical shares and intimate the investor (transferee) about the execution of transfer through Letter of Confirmation. This letter shall be sent through Registered / Speed Post or through email with digitally signed letter and shall, inter-alia, contain d...

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Anti-dumping duty on imports of Toluene Di-isocyanate (TDI)

Notification No. 43/2020-CUSTOMS (ADD) [G.S.R. 748(E).] (02/12/2020)

Seeks to impose provisional anti-dumping duty on imports of Toluene Di-isocyanate (TDI) having isomer content in the ratio of 80:20, originating in or exported from European Union, Saudi Arabia, Chinese Taipei and UAE, for a period of six months. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 43/2020-CUST...

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Revocation of suspended OOC of Bill of Entry & LEO of Shipping Bill in ICES system

Standing Order No. 40/2020-JNCH (02/11/2020)

In all the cases, when OOC officer notices the message-OOC can’t be given, contact to System Manager in ICES system at time of OOC of Bill of Entry, following procedure will be adopted by Import Docks/Groups/EDI for revocation of suspended OOC of Bill of Entry in the ICES system:-...

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Guidelines on Insurance claims of victims of Cyclone Nivar

Ref. No:IRDA/NL/CIR/MISC/290/12/2020 (02/12/2020)

As you are aware, cyclone Nivar (Nov,2020) has caused loss to property in some parts of the country. The General Insurers may have issued policies for protection of lives and property located in the affected areas. There is an urgent need for the insurance industry to take immediate steps to mitigate the hardships of the affected insure...

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Guidelines for all General Insurance Companies for submission of Reports

Ref. No: IRDA/SUR/GDL/MISC/289/12/2020 (02/12/2020)

1. This has reference to Notification of IRDAI (Insurance Surveyors and Loss Assessors) (Amendment) Regulations, 2020 whereby a. Vide Regulation 21(3) insurer are required to file with the Authority report on misconduct of licensed surveyors annually b. Vide Regulation 21(4) Insurers are required to maintain half yearly data in the ...

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Guidelines for Practical Training for Surveyors & Loss Assessors

Ref. No: IRDA/SUR/GDL/MISC/288/12/2020 (02/12/2020)

These guidelines set out the detailed procedure for practical training for obtaining fresh / renewal licence to act as a surveyor and loss assessor. These guidelines are being issued in terms of Sec.14 of IRDAI Act, 1999 and in terms of Regulation 28 of Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss ...

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Guidelines for grant of fresh licence / renewal of license to act as Insurance Surveyor and Loss Assessor

Ref. No: IRDA/SUR/GDL/MISC/287/12/2020 (02/12/2020)

1. These guidelines set out the procedure for obtaining fresh license or renewal of licence to act as a surveyor and loss assessor.  2. The guidelines are being issued under Sec.14 of the IRDAI Act,1999 and in terms of Regulations 28 of Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) Regul...

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Section 194O TDS on E-commerce Operator- Analysis

1) Who is responsible to deduct TDS under section 194O? Any person, being E-commerce operator facilitating sale of goods or provision of services of an E-commerce Participant through its digital or electronic Facility or platform (by whatever name called). 2) Is there any definition for E-commerce, E-commerce Operator and E-commerce Parti...

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Posted Under: CA, CS, CMA |

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January 2021