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Archive: 17 May 2023

Posts in 17 May 2023

Delay in Appointment of Whole Time KMP: MCA imposes ₹30.33 Lakh Penalty

May 17, 2023 150 Views 0 comment Print

Thrissur Expressway Limited fined Rs. 30,33,200 for delays in appointing key managerial personnel as per Section 203 of the Companies Act, 2013.

Fee Structure for Entities Undertaking Permissible Activities in IFSC

May 17, 2023 768 Views 0 comment Print

International Financial Services Centres Authority has issued a circular providing a comprehensive fee structure for entities intending to undertake permissible activities in IFSC. Learn about the categories of fees, payment procedures, and late payment penalties outlined in the circular.

Weekly newsletter from Chairman, CBIC dated 17/05/2023

May 17, 2023 1353 Views 0 comment Print

While there is no question that this interpretation is truly its core, integrity actually stands for many more things. As Civil Servants, our primary allegiance is to the Constitution and rule of law which implies that we must apply the laws that we administer in a fair, just and equitable manner.

CBIC notifies Land Customs Stations and routes in Anandpara (India)

May 17, 2023 558 Views 0 comment Print

Notification in relation to Land Customs Stations and routes a) Anandpara (India) – Ramgarh (Bangladesh) via River Feni (b) The road from NH-8 in Anandpara (India) through Maitri Setu to Ramgarh (Bangladesh) by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November 1994 MINISTRY OF FINANCE (Department of Revenue) Notifications No. 35/2023 -Customs (N.T.) […]

IBBI directs Registered Valuer to be cautious in preparation of valuation report

May 17, 2023 642 Views 0 comment Print

IBBI disposes of SCN with the direction to RV to be cautious in preparation of valuation report. He should henceforth endeavour to record all the relevant facts in the report itself.

IBBI directs IP to prepare valuation report based on reliable assumptions & documentation

May 17, 2023 288 Views 0 comment Print

The valuation report is based on the professional opinion of the valuer backed by his expertise and skills. Therefore, a valuation report is inherently remains subjective in nature. However, it must be kept in mind that the reliability of the valuation report increases with enhanced reliance on objective criteria. Therefore, it is necessary that all […]

Valuation report must be transparent & complete leaving nothing at discretion

May 17, 2023 645 Views 0 comment Print

The RV has placed on record the computation sheet utilised by him in preparing the valuation report. On perusal of the computation sheet, it can be presumed that the RV has considered certain factors such as year of purchase, source of the market price considered, adjustment value for year of make, etc. to arrive at […]

SEBI Master Circular for Stock Brokers

May 17, 2023 9666 Views 0 comment Print

The Master Circular is a compilation of all the existing / applicable circulars issued by Market Intermediaries Regulation and Supervision Department of SEBI pertaining to Stock Brokers. Efforts have been made to incorporate applicable provisions of existing circulars issued by other Departments of SEBI relevant to Stock Brokers.

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