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Archive: 11 April 2022

Posts in 11 April 2022

Risk value of commodities for risk-o-meter

April 11, 2022 381 Views 0 comment Print

For evaluation of risk value of commodities in which mutual funds are permitted to invest, in terms of para 2(d) of SEBI circular on ‘Product Labeling in Mutual Fund schemes – Risk-o-meter’, it has been decided that investment in commodities by mutual fund schemes shall be assigned a risk score corresponding to the annualized volatility of the price of the said commodity.

Comprehensive Risk Management Framework for EGR Segment

April 11, 2022 690 Views 0 comment Print

The core of the risk management system is the liquid assets deposited by members with the Clearing Corporation (CC). These liquid assets shall cover the following requirements: 1.1. MTM (Mark to Market) Losses: Mark to market losses on outstanding settlement obligations of the member.

IBBI clarifies on Temporary Surrender of Professional Membership

April 11, 2022 891 Views 0 comment Print

Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CLARIFICATION No. IBBI/IP/2022 | Dated: 11th April 2022 To All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam/Sir, Subject: Clarifications with respect to Temporary Surrender of Professional Membership In view of the provisions […]

CBIC Policy decision cannot run contrary to Court Judgment to Deny Refund of Cess

April 11, 2022 1857 Views 0 comment Print

Nu Vista Limited Vs Commissioner (Appeals) CGST, Central Excise (CESTAT Delhi) It is not in dispute that prior to 01.03.2015 cess was leviable on manufactured goods, in addition to excise duty and the appellant had availed credit under the provisions of the Credit Rules on cess paid on procurement of goods and services. It is […]

Section 84(1) – WBVAT – Mandatory pre-deposit of 15% not ultra vires

April 11, 2022 2319 Views 0 comment Print

A S L Enterprises Ltd. Vs The Senior Joint Commissioner, Sales Tax (Calcutta High Court) Whether proviso to Section 84(1) of the West Bengal VAT Act, 2003 which provides for mandatory pre-deposit of 15% is ultra vires and it effects the vested rights of the appellant and also it is discriminatory in nature as it […]

ICSI members not forming LLP with due diligence: MCA

April 11, 2022 1209 Views 0 comment Print

It has been brought to the notice of the Ministry that the various instances have been observed where it has been found that practicing members of ICSI are not carrying out due diligence and verification of document while incorporating a company or a LLP.

Draft Industrial Relations (Tamil Nadu) Rules, 2022

April 11, 2022 1851 Views 0 comment Print

(i) These rules may be called the Industrial Relations (Tamil Nadu ) Rules, 2022. (ii) They extend to whole of the State of Tamil Nadu. (iii) They shall come into force after the date of their publication in the Tamil Nadu Government Gazette.

Draft Code on Wages (Tamil Nadu) Rules, 2022

April 11, 2022 5556 Views 1 comment Print

(1) These rules may be called the Code on Wages (Tamil Nadu) Rules, 2022. (2) They extend to the whole of the State of Tamil Nadu. (3) They shall come into force after the date of their final publication in the Official Gazette, on the date of the commencement of the Code on Wages, 2019 (Central Act 29 of 2019).

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