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IRDA (Registration of Indian Insurance Companies) Regulations, 2022

December 5, 2022 6627 Views 0 comment Print

These Regulations may be called the Insurance Regulatory and Development Authority of India (Registration of Indian Insurance Companies) Regulations, 2022.

HC stays penalty imposed on IRP for alleged negligence

December 3, 2022 1020 Views 0 comment Print

It was C.O.C which has not taken efficient measures to complete the C.I.R.P of the Corporate Debtor Company. Even in the summary findings where the order of the adjudicating authority is quoted, it is made out that it was not the case that the C.O.C had raised any dissatisfaction with regard to the conduct of the petitioner or that there had been a lapse on his part.

Operations of subsidiaries and branches of Indian banks and AIFIs in foreign jurisdictions and in IFSCs – Compliance

December 1, 2022 843 Views 0 comment Print

Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) – Compliance with statutory/regulatory norms

Clarification with respect to NDS-OM – Investments – Master Circular

December 1, 2022 831 Views 0 comment Print

IRDAI clarified that All trades reported on NDS-OM platform shall be treated as compliance with the requirements of Para 4.11.3 of the Master Circular.

ICAI President’s Message – December 2022

December 1, 2022 858 Views 0 comment Print

ICAI entered into MoU with the Institute of Chartered Accountants of Nigeria and renewed existing MoU with the Institute of Chartered Accountants of Nepal (ICAN). Both the MoUs were signed on side-lines of the WCOA2022 and were exchanged in the presence of Shri Devendra Fadnavis, Hon’ble Dy. Chief Minister, Maharashtra.

Notification  No. 04/2022-Central Excise (N.T.), Dated: 01.12.2022

December 1, 2022 1623 Views 0 comment Print

CBIC appoints officers mentioned in Column (2) of Table below as Central Excise officers for jurisdiction mentioned in Column (3) of said Table

Setting Up an Alternative Investment Fund (AIF) In GIFT-SEZ IFSC In India

December 1, 2022 22797 Views 0 comment Print

AIF is a privately pooled investment vehicle registered under SEBI, Which collect funds from defined class of investors, and invest accordance to investment policy defined by SEBI

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

November 30, 2022 3138 Views 0 comment Print

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.

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

November 30, 2022 1029 Views 0 comment Print

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.

Clarification on encashment of National Savings Certificates (IX Issue)

November 30, 2022 2379 Views 0 comment Print

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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