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Archive: 23 November 2021

Posts in 23 November 2021

FM inaugurates Income Tax Office cum Residential complex in Srinagar

November 23, 2021 825 Views 0 comment Print

The Income Tax Department’s new Office-cum-Residential complex, ‘The Chinars’, at Srinagar, Jammu & Kashmir, was inaugurated today i. e. 22.11.2021 by hon’ble Finance Minister Smt. Nirmala Sitharaman in the presence of Lieutenant Governor of Jammu & Kashmir Sh. Manoj Sinha.

Import of wireless equipment by Telecom Service Providers based on self-declaration

November 23, 2021 1728 Views 0 comment Print

Applicant shall submit all the relevant details on Saralsanchar Portal atleast 30 days in advance from the date of destination port entry. Applicant can immediately download a system generated certificate after online payment of fees of Rs. 500 and self-declaration.

Information note on Pre-Packed Insolvency Resolution Plan:

November 23, 2021 2283 Views 0 comment Print

Before the initiation of PPIRP, the Corporate Debtor has to present the base resolution plan to the financial creditors. It could come from promoters if they are eligible under section 29A of the IBC.

Segregation & Monitoring of Collateral at Client Level – Extension of timeline

November 23, 2021 1254 Views 0 comment Print

SEBI issued Circular No. SEBI/HO/MRD2/DCAP/P/CIR/2021/667 | Dated: November 23, 2021 on Segregation and Monitoring of Collateral at Client Level. SEBI  decided that provisions of the circular no. SEBI/HO/MRD2_DCAP/CIR/2021/0598 dated July 20, 2021 (apart from provisions of Paragraphs 4 and 5) shall come into force with effect from February 28, 2022 instead of December 01, 2021. […]

RBI Working group: Digital lending

November 23, 2021 2790 Views 1 comment Print

Reserve Bank of India constituted a working group on digital lending on January 13, 2021 to study digital lending activities undertaken by both regulated financial sector and unregulated players to develop a regulatory approach for easy working. Its report running 151 pages is now available. It has 5 sections with the following broad contour. Section […]

SEBI Master Circular on Scheme of Arrangement by Listed Entities

November 23, 2021 6453 Views 0 comment Print

SEBI Master Circular on (i) Scheme of Arrangement by Listed Entities and (ii) Relaxation under Sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957. This Master Circular is a compilation of relevant and updated circulars issued by SEBI which deal with schemes of arrangement and which are operational as on date of […]

Publishing Investor Charter and Disclosure of Complaints by Merchant Bankers on their Websites

November 23, 2021 771 Views 0 comment Print

SEBI issued Circular No. SEBI/HO/CFD/DCR2/P/CIR/2021/0661 Dated November 23, 2021 on Publishing Investor Charter and Disclosure of Complaints by Merchant Bankers on their Websites. Securities and Exchange Board of India Circular No. SEBI/HO/CFD/DCR2/P/CIR/2021/0661 Dated November 23, 2021 To, All Registered Merchant Bankers Dear Sir/Madam, Subject: Publishing Investor Charter and Disclosure of Complaints by Merchant Bankers on […]

Non-compliance with certain provisions of SEBI ICDR Regulations

November 23, 2021 1611 Views 0 comment Print

SEBI Circular No. SEBI/HO/CFD/DIL1/P/CIR/2021/0660 Dated November 23, 2021 on Non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations). Securities and Exchange Board of India Circular No. SEBI/HO/CFD/DIL1/P/CIR/2021/0660| Dated: November 23, 2021 To All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Non-compliance with certain provisions of SEBI (Issue of […]

Allocation of additional quantity of 303 MT for export of raw sugar to USA under Tariff Rate Quota (TRQ) for the Fiscal Year 2021

November 23, 2021 489 Views 0 comment Print

Additional quantity of 303 MT of raw sugar, for export to USA, under TRQ, upto 31.12.2021, has been notified vide Public Notice No. 39/2015-2020 – DGFT Dated: 23rd November, 2021. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi Public Notice No. 39/2015-2020 – DGFT | Dated: 23rd November, […]

Amendment to section 36(1)(va)/43B imposing liability on Assessee applicable from 01.04.2021

November 23, 2021 2784 Views 0 comment Print

Navrathan Jewellers Pvt. Ltd. Vs ADIT (ITAT Bangalore) Explanatory memorandum to the Finance Act, 2021 proposing amendment in section 36(1)(va) as well as section 43B is applicable only from 01.04.2021. These provisions impose a liability on an assessee and therefore cannot be construed as applicable with retrospective effect unless the legislature specifically says so. In […]

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