In the operation of Senior Citizens’ Savings Scheme (SCSS), it has been noticed in few cases on the death of the account holder, operating agencies are closing the SCSS account by treating it as premature closure. In this context, attention is drawn to Rule 7(2) of SCSS, and the following is clarified: i. in cases […]
Late Submission Fee (LSF) for reporting delays in Foreign Investment (FI), External Commercial Borrowings (ECBs) and Overseas Investment related transactions
An IPE, recognised by IBBI, can seek registration as an IP with IBBI, by making an application in specified form along with a non-refundable application fee of two lakh rupees
Exposure Draft – Insurance Regulatory and Development Authority of India (Issuance of e-Insurance Policies) Regulations, 2022- To promote efficiency in conduct of insurance business and provide for appropriate framework for electronic mode of solicitation and servicing of insurance policies
Validity of the existing Hand Book of Procedures, 2015-20 is extended upto 31st March, 2023 vide Public Notice No. 26/2015-2020 |Dated: 29th September, 2022. The government has received requests from Export Promotion Councils and leading exporters that we should continue with current Foreign Trade Policy (2015-20), which had been extended from time to time. In recent […]
Securities and Exchange of India Circular No. SEBI/HO/MRD/MRD-RAC-1/P/CIR/2022/131 | Dated: September 29, 2022 To All Recognized Stock Exchanges having Commodity Derivatives Segment All Foreign Portfolio Investors registered with SEBI All Custodians registered with SEBI Sir/Madam, Sub: Participation of SEBI registered Foreign Portfolio Investors (FPIs) in Exchange Traded Commodity Derivatives in India 1. In order to promote institutional […]
A bare perusal of the provisions of Valuer Rules makes its apparent that there is no such specific bar on Directors from discharging operational duties and especially when they are facing financial constraints.
Balkrishna Rama Tarle Dead Thr LRS & Anr. Vs Phoenix ARC Private Limited & Ors. (Supreme Court) On a fair reading of Section 14 of the SARFAESI Act, it appears that for taking possession of the secured assets in terms of Section 14(1) of the SARFAESI Act, the secured creditor is obliged to approach the […]
In re Shakti Marine Electric Corporation (GST AAR Gujarat) Whether, GST Rate of 5% in terms of Sr.No.252 of Schedule-I of Notification No. 1/2017-CTR, corresponding notification issued by Gujarat State and Notification No. 1/2017-ITR is applicable in the case ‘Combined Wire Rope’ used as a part of Fishing Vessel? Goods whenever used as a parts […]
8 digit HSN code of product ‘HTP kirloskar Power Sprayer’ is 8424 89 90. GST Tax rate on goods viz. HTP kirloskar Power Sprayer’ would be 18%
