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New Changes in Bill of Entry Filing- SIMS & Expansion of e-Sanchit- reg

November 5, 2019 7875 Views 0 comment Print

The new dispensation is coming into effect from 01.11.2019, after which the declaration of SIMS registration number and Expiry date will become mandatory in the Bills of Entry filed for the goods as specified in the notification.

SEBI Operational guidelines for FPIs & DDPs and EFIs

November 5, 2019 1377 Views 0 comment Print

SEBI issues Operational guidelines for foreign Portfolio Investors (FPIs), Designated Depository Participants DDPs) and Eligible Foreign Investors (EFIs) to facilitate implementation of SEBI (Foreign Portfolio Investors) Regulations, 2019.

FM Launches two new IT Initiatives -ICEDASH & ATITHI

November 4, 2019 2064 Views 0 comment Print

Finance Minister Launches two new IT Initiatives -ICEDASH & ATITHI for improved monitoring and pace of Customs clearance of imported goods and facilitating arriving international passengers. ICEDASH : Ease of Doing Business monitoring dashboard of the Indian Customs helping public see the daily Customs clearance times of import cargo. ATITHI : Easy to use mobile app for international travelers to file the Customs declaration in advance.

SEBI Enhances Governance Norms for Credit Rating Agencies

November 4, 2019 2955 Views 0 comment Print

CRAs shall meet the audit committee of the rated entity, at least once in a year, to discuss issues including related party transactions, internal financial control and other material disclosures made by the management, which have a bearing on rating of the listed NCDs.

RBI Guidelines on Compensation of Whole Time Directors/ CEOs/ Material Risk Takers and Control Function staff

November 4, 2019 2028 Views 0 comment Print

The compensation practices, especially of large financial institutions, were one of the important factors which contributed to the global financial crisis in 2008. Employees were often rewarded for increasing short-term profit without adequate recognition of the risks and long-term consequences that their activities posed to the organisations.

Pass an order which we can understand- SC to High Court

November 4, 2019 1281 Views 0 comment Print

On perusal of the impugned order, we find it is unintelligible and we could not decipher what has been decided by the High Court. We, accordingly, set aside the order and remit the matter to the High Court. We request the High Court to pass an order which we can understand.

HC order release of Good detained for not showing correct Vehicle number on E-way Bill

November 2, 2019 1335 Views 1 comment Print

Kerala High Court ruling on E-way Bill, goods detention. AMM Aquapure Systems Vs Asstt. STO case details. Read the full judgment.

Role of Key Managerial Personnel (KMP)

November 2, 2019 7116 Views 3 comments Print

As the very name suggest that CS is one of the Key Personnel who manages the Company and is made responsible for the overall Compliance under the Companies Act and other applicable legislation. He has to report to the Board of Directors for timely guidance and strategic planning and perform such other duties as have been specified under various laws or delegated by the board from time to time. Moreover under SEBI norms a CS is regarded as a ’Compliance Officer’ which in itself is a great recognition.

Form 26AS nightmare for the deductee

November 1, 2019 5154 Views 1 comment Print

The data populated in 26AS is the data as per TDS returns uploaded by the deductors/ customers of the company under section 200 . Such data could be relied upon as “correct”  for the purpose of reconciliation  only when the statements of TDS so uploaded  have been processed under section 200A with effect from 01/04/2010.

Preliminary Draft Rules under Section 67 of Code on Wages, 2019

November 1, 2019 1956 Views 0 comment Print

F. No S-32017/01/2019-WC Government of India Ministry of Labour & Employment Shram Shakti Bhawan, New Delhi Date: 01 November, 2019 NOTE Subject: The Preliminary Draft Rules under Section 67 of the Code on Wages, 2019- reg. The Ministry of Labour and Employment has prepared a preliminary draft rule under Section 67 of the Code on […]

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