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Archive: 29 April 2022

Posts in 29 April 2022

Penalty for delay in Transfer of Unspent CSR Amount – MCA levied penalty

April 29, 2022 1461 Views 0 comment Print

Violation of Section 135(5) occurs when a company fails to comply with this requirement by not spending the prescribed amount on CSR activities within the stipulated time frame.

Request for Concurrent Audit of SIDBI

April 29, 2022 2091 Views 0 comment Print

SIDBI reserves the sole right for carrying out any amendments/ modifications / changes including any addendum to this RfP. Such amendments / modifications / changes including any addendum to this RfP shall be notified on SIDBI’s website www.sidbi.in and these will be binding on the bidders.

Exposure of Insurers to Financial and Insurance Activities

April 29, 2022 324 Views 0 comment Print

IRDAI permits all Insurers to have exposure to Financial and Insurance activities (as per section K of NIC classification) up to 30% of Investment assets.

What is prevailing yield of Government Security??

April 29, 2022 14541 Views 0 comment Print

Learn about calculating interest rates for INR denominated ECBs and loans under Section 186 of the Companies Act, 2013. Explore prevailing yield of Government Securities and its impact on benchmark rates.

Guidelines on Compensation of KMP & Senior Management in NBFCs

April 29, 2022 1950 Views 0 comment Print

The Boards of all applicable NBFCs shall constitute a Nomination and Remuneration Committee (NRC). The NRC shall have the constitution, powers, functions and duties as laid down in section 178 of the Companies Act, 2013.

CBIC Notifies Rate of Exchange of South African Rand wef 30.04.2022

April 29, 2022 573 Views 0 comment Print

CBIC notifies Rate of Exchange of South African Rand against Indian Rupees with effect from 30th April, 2022 vide Exchange rates Notification No. 38/2022-Customs (N.T.) dated 29th April, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 38/2022-Customs (N.T.) New Delhi, dated the 29th […]

IFSCA registered Broker Dealers permitted to provide market access to investors

April 29, 2022 420 Views 0 comment Print

With a view to expand the depth and reach of the capital markets in IFSC and enable access to resident Indian investors through Liberalized Remittance Scheme (LRS) route, for exchange traded securities in IFSC, it has been decided to permit IFSCA registered Broker Dealers to provide market access to investors through Authorized Persons based in India.

SEBI to generate FPI registration number & Depositories to host CAF

April 29, 2022 1056 Views 0 comment Print

Modification in the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors – SEBI to generate FPI registration number and both the Depositories to host the CAF.

DGFT amends import policy of ITC (HS) Codes 71123000, 71129100, 71129200, 71129910, 71129920, & 71129990

April 29, 2022 1536 Views 0 comment Print

Import policy of ITC (HS) Codes 7112 30 00, 7112 91 00, 7112 92 00, 7112 99 10, 7112 99 20 and 7112 99 90 has been revised from ‘Free’ to ‘Restricted’ with immediate effect.

Delhi HC Issues Practice Directions to Dispense with Physical Signatures on Daily Court Orders

April 29, 2022 909 Views 0 comment Print

In order to dispense with the physical signatures on the daily orders (which are not important/final orders and judgments) of the judicial cases which are digitally signed either by the Hon’ble the Chief Justice/Hon’ble the Acting Chief Justice, Hon’ble Judges or their Private Secretary/designated officer and by officers holding courts, Hon’ble the Acting Chief Justice has been pleased to issue the following practice directions:

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