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Archive: July, 2021

Posts in July, 2021

SEBI framework for segregation & monitoring of collateral at client level

July 20, 2021 7629 Views 0 comment Print

With a view to providing visibility of client-wise collateral (for each client) at all levels, viz., TM, CM and Clearing Corporation (CC), a reporting mechanism, covering both cash and non-cash collateral, shall be specified by the CCs. Details in respect of the same are as under:

SEBI relaxes regulatory requirements by Debenture Trustees

July 20, 2021 702 Views 0 comment Print

SEBI extends the timelines for Debenture Trustees for compliance with the following regulatory requirements of the SEBI circular dated November 12, 2020 for the quarter/ half year/ year ending March 31, 2021

IFSCA Guidelines for issuance of Certificate of Deposits

July 20, 2021 963 Views 0 comment Print

International Financial Services Centres Authority F.No.110/IFSCA/Banking Regulation/2021-22/5 July 20, 2021 To All IFSC Banking Units (IBUs / BUs) Dear Sir/Madam, Subject: Guidelines for issuance of Certificate of Deposits Certificate of Deposit (CD) is a negotiable instrument and issued in dematerialised form or as a Usance Promissory Note against funds deposited at a BU for a […]

IBBI bar Insolvency Professional for 30 days

July 20, 2021 1176 Views 0 comment Print

In the matter of Mr. Prabhjit Singh Soni, Insolvency Professional under Section 220 of the Insolvency and Bankruptcy Code, 2016 read with Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016.

Assessee entitled to Carry Forward Depreciation loss beyond 8 Years

July 20, 2021 2256 Views 0 comment Print

CIT Vs Tamil Nadu Small Industries Corporation Limited (Madras High Court) Under the existing provisions of sub-section (2) of section 32 of the Income-tax Act, carried forward unabsorbed depreciation is allowed to be set-off against profits and gains of business or profession of the subsequent year, subject to the condition that the business or profession […]

Manual Upload & review of State/Union Territory GST Orders

July 20, 2021 1353 Views 0 comment Print

Functionalities built for Manual upload of Adjudication / Appeal Orders issued by State / Union Territory GST Authorities and Review of these Orders, are now available for use by officers in the review section of executive commissionerates.

Release of module for Manual upload of GST Appeal Orders issued offline

July 20, 2021 2925 Views 0 comment Print

Functionality built for Manual upload of Appeal Orders issued off line by Appellate Authority, is now available for use by the officers. This functionality is mainly built for review section of the commissionerates.

Release of module for review of Appeal Orders & filing of APL-07

July 20, 2021 2187 Views 0 comment Print

Functionalities built for Review of Appeal Order and filing of APL-07 by the Tax Department, are now available for use by officers in the review section of executive commissionerates.

Advisory on Manual Upload of Appeal filed by Taxpayer in form APL-05 before Tribunal

July 20, 2021 4854 Views 0 comment Print

Release of module for Manual Upload of FORM GST APL-05 (Appeal filed by taxpayer before Appellate Tribunal), Examination of FORM GST APL-05 and Filing of APL-06 by the Tax Department – Reg

Kamarajar Port designated for import of unshredded metallic scrap & waste

July 20, 2021 780 Views 0 comment Print

In continuation of Public Notice No. 31/2015-20 dated 01/12/2020, Kamarajar Port is enlisted as a designated port for import of unshredded metallic scrap and waste.

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