"November, 2022" Archive

Inclusion of Equity Exchange Traded Funds as list of eligible securities under Margin Trading Facility

Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2022/166 30/11/2022

SEBI allows units of Equity Exchange Traded Funds (Equity ETFs) categorized as Group-I security as per provisions of SEBI Circular MRD/DoP/SE/Cir-07/2005 dated February 23, 2005 as an eligible security for MTF as well as an eligible collateral under MTF....

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Extension of validity of Pre-Shipment Inspection Agency (PSIAs) upto 31.12.2022

Public Notice No. 39/2015-2020 30/11/2022

The validity of recognition of the Pre-Shipment Inspection Agency (PSIAs) included in Appendix 2G of Appendices and Aayat Niryat Forms (A & ANF) of Foreign Trade Policy 2015-20 which arc completing their original tenure of three years as on 03.12.2022 is extended upto 31.12.2022....

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Legal Metrology (Packaged Commodities) (Amendment) Rules, 2022

Notification No. G.S.R. 859(E). 30/11/2022

These rules may be called the Legal Metrology (Packaged Commodities) (Amendment) Rules, 2022. They shall come into force on the date of their publication in the Official Gazette....

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CBDT notifies Under-17 Women’s World Cup, 2022 as international sporting event

Notification No. 126/2022-Income Tax, [S.O. 5555(E).] 30/12/2022

CBDT notifies Federation Internationale de Football Association Under-17 Women’s World Cup, 2022 as the international sporting event for Income Tax Exemption under Section 10(39) vide Notification No. 126/2022-Income Tax | Dated: the 30th November, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFI...

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Draft Food Safety and Standards (Labelling & Display) Amendment Regulations, 2022

F. No. STD/SP-08/A1.2022/N-01. 30/11/2022

Draft Regulations - These regulations may be called the Food Safety and Standards (Labelling & Display) Amendment Regulations, 2022....

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MCA imposes Rs. 4 Lakh penalty for not maintaining registered office on Company & its 3 directors

Order No. ROC/Pat/Comp1/19726/2173 30/11/2022

MCA impose a penalty of Rs. 100000 (one lakh) on the company and Rs. 100000 (one lakh) each on the 3 (three) directors of the company under section 12(8) of the Act for failure in compliance of section 12(1) and 12(4) of the Companies Act, 2013....

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Time of Supply of Goods – Section 12 CGST Act 2017-Simplified

Section 12 – Time of Supply of goods Meaning of Time of supply – Time of supply of goods means ‘’occasion when we are liable to pay tax on goods as per provisions of law ’’ ♦ Time of supply – Forward Charge Time of Supply will be earlier of – – Date of issue […]...

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Posted Under: SEBI |

Clarification on encashment of National Savings Certificates (IX Issue)

File No. FS-10/17/2020-FS-Part(1) 30/11/2022

Though NSC IX Issue is a discontinued scheme, NSC IX Issue certificates may be discharged / encashed / closed in any Departmental Post Office, following the procedures prescribed in Chapter 13 of POSB CBS Manual Volume...

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How to Audit Debtor Balance: An overview

In this article author has tried to simplify the procedure to be followed while conducting audit of the Debtors in a brief manner: Debtor represents the amount due to an entity for goods sold or services rendered or in respect of other similar contractual obligations but do not include the amount which are in the […]...

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Posted Under: SEBI |

Bank statement import (Excel to Tally )

One of the daily routines of a professional accountant is to record bank entries of clients. It is sometimes necessary for clients to provide bulk bank data to enter, which can be a tedious and time-consuming process. Professionals work creatively and avoid the boring work of recording entries in books. There are many tools available [&he...

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Posted Under: SEBI |

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January 2023