"07 September 2022" Archive

Lack of clarity is no valid argument for Insolvency Professional: IBBI

Order No. IBBI/DC/128/2022 07/09/2022

In view of the submission made by Mr. Sanjit Kumar Nayak, and materials available on record, DC notes that Sanjit Kumar Nayak should have been more careful and vigilant in conducting the CIRP and Liquidation process. The deficiencies as noticed and conceded by Mr. Sanjit Kumar Nayak, with little care and knowledge of the statute, [&hellip...

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Elections to ICSI Council & Regional Councils, 2022 – Venue & Schedule

No. 1 of September, 2022 07/09/2022

Duration of 13th ICSI Council and Regional Councils shall expire on 18th January, 2023, the elections for constitution of new Council and Regional Councils shall be held as notified...

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Notification No. 48/2022-Customs, Dated: 07.09.2022

Notification No. 48/2022-Customs [G.S.R. 688(E)] 07/09/2022

Seeks to amend notification No. 57/2000-Customs, dated the 8th May, 2000 to apply IGCR Rules with effect from 01.10.2022 vide Notification No. 48/2022-Customs, Dated: 07.09.2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 48/2022-Customs | Dated: 7th September, 2022 G.S.R. 688(E).—In exercise of the powers con...

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IGCR Rules applicable with effect from 01.10.2022

Notification No. 47/2022-Customs [G.S.R. 687(E).] 07/09/2022

CBIC amends notification No. 56/2000-Customs, dated the 5th May, 2000 to apply Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 (IGCR Rules) with effect from 01.10.2022 vide Notification No. 47/2022-Customs | Dated: 7th September, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 47/2022-Customs...

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Capital Gain Exemption – Section 54EC bond discontinued by NHAI

It has been decided to close the 54 EC capital gain bond issue 2022-23 of NHAI with Immediate effect. Accordingly, please ensure that no fresh application/money is accepted for these bonds on or after 3rd September 2022. Bank are requested to freeze the credit in the bank accounts opened for NHAI 54 EC bonds collection from 03rd Sept 2022...

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Posted Under: Corporate Law |

Empanelment of Forensic Auditor for Jammu and Kashmir Bank

Online Request for Quotation (e-RFQ) for Engagement of external Auditors for conducting Forensic Audit of 01 (One) borrower group of the bank covering the period from year 01.01.2002 to 31.03.2013 in Fund Based Working Capital account and Non-Fund Based facilities. The borrower company is having its operations at Jammu & Ludhiana an...

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Posted Under: Corporate Law |

Submission of information pertaining to ‘Unclaimed Non-convertible Securities’

Listed entities are advised to take note of the below notice inter alia advising regarding Submission of information pertaining to ‘Unclaimed Non-convertible Securities’ as on August 31, 2022, as per format given in the attached notice. The aforementioned information is to be submitted to the email ids mentioned in the attached notice...

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Posted Under: Corporate Law |

FAQs on SEBI Settlement Scheme, 2022

SEBI Settlement Scheme, 2022 would be applicable in respect of entities that have executed reversal trades in illiquid stock options segment of BSE between April 1, 2014 and September 30, 2015 ...

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Posted Under: Corporate Law |

Incorporation of Subsidiary of Foreign Company

If foreign company wants to expand its business then start it with incorporating a subsidiary in India. Although foreign owned subsidiary has to follow more rules and regulations (applicable laws in India) as compared to Indian owned companies. Before proceeding further get a look into the basic terminology as per Indian Law. 1) FOREIGN C...

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Posted Under: Corporate Law |

AAR Telangana allows MED Equipments to withdraw application

In re MED Equipments (GST AAR Telangana)

In re MED Equipments (GST AAR Telangana) In the reference 1st cited, M/s. MED Equipments, Hyderabad, (36AALFM8128Q1ZG) has sought certain clarification by filing an application for Advance Ruling. The Case was posted for personal hearing on 24-03-22, 27-04-2022, 28-06-2022& 25-08-2022, However, in the reference 10th cited, M/s. MED E...

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