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Companies (Compromises, Arrangements & Amalgamations) Amendment Rules, 2022

May 30, 2022 5109 Views 0 comment Print

MCA notifies Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2022 and inserted new sub-rule (3) to Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and New FORM NO. CAA.16 related to Declaration in terms of Rule 25A. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 30th May, 2022 G.S.R. 401(E).—In exercise of the powers conferred by […]

Upload e-BRC by 15.07.2022 for shipping bills on which RoSCTL scrip been availed

May 30, 2022 2130 Views 0 comment Print

As per RBI guidelines, it is expected that all shipping bills upto 31.12.2020 would have their export proceeds realized by now. Accordingly, all exporting firms, who have been issued scrips under RoSCTL for exports / shipping bills upto 31.12.2020, are requested to get the relevant e-BRCs uploaded in the DGFT server by their AD banks latest by 15.07.2022 failing which action as per para 4.96 of HBP, as notified vide PN 58 dated 29.01.2020 would be initiated by the jurisdictional RAs.

Processing of ASBA applications in Public Issue of Equity Shares & Convertibles

May 30, 2022 789 Views 0 comment Print

The processing of ASBA applications in the Public Issues by market intermediaries and SCSBs has been reviewed. As a part of the continuing efforts to further streamline the bidding process and to ensure the orderly development of securities market, a need has been felt to implement the ASBA process in line with the aforementioned circulars.

Modification in Cyber Security & Cyber resilience framework of KRAs

May 30, 2022 534 Views 0 comment Print

KRAs are mandated to conduct comprehensive cyber audit at least twice a financial year. All KRAs shall submit a declaration from the MD/ CEO certifying compliance by the KRAs with all SEBI Circulars and advisories related to Cyber security from time to time, along with the cyber audit report.

Weekly newsletter from Chairman, CBIC dated 31/05/2022

May 30, 2022 720 Views 0 comment Print

I would like to reiterate a message that bears repetition till we have internalized it fully viz. that as an organization, we stand for zero-tolerance for behavior that in any manner compromises our integrity or our professional excellence.

Faceless Penalty (Amendment) Scheme, 2022- Reg.

May 27, 2022 1563 Views 0 comment Print

National Faceless Penalty Centre, in accordance with the guidelines issued by the Board, may,–– (a) in a case where imposition of penalty has been proposed, convey to the penalty unit to pass the penalty order as per penalty imposition proposal referred to in sub-clause (a) of clause (xv)

Faceless Penalty (Amendment) Scheme, 2022

May 27, 2022 2415 Views 0 comment Print

(1) This Scheme may be called the Faceless Penalty (Amendment) Scheme, 2022. (2) It shall come into force on the date of its publication in the Official Gazette.

SEBI directs QRTAs to communicate status of implementation of SEBI Circular on Cyber Security & resilience Audit

May 27, 2022 600 Views 0 comment Print

QRTAs are mandated to conduct comprehensive cyber audit at least twice in a financial year. All QRTAs shall submit a declaration from the MD/ CEO certifying compliance by the QRTAs with all SEBI Circulars and advisories related to Cyber security from time to time, along with the Cyber audit reports.

Modification to SOP in cases of Trading/Clearing Member leading to default

May 27, 2022 1026 Views 0 comment Print

ISE / SEs / CCs shall endeavour to settle the claims of maximum number of clients by way of interim measures, under their supervision prior to issuing show cause notice (SCN) for declaring the TM a defaulter. The TM shall be instructed to pay small investors out of available funds and own resources (movable and immovable) under the supervision of the ISE/ SEs.

GST on training & coaching in respect of Football, Basketball, Athletic, Cricket, swimming, Karate and Dance

May 27, 2022 23007 Views 0 comment Print

In re Navi Mumbai Sports Association (GST AAR Maharashtra) From the submissions made by the applicant, we find that they are registered under Section 12AA of the Income Tax Act and are providing training and coaching in Football, Basketball, Athletic, Cricket, swimming, Karate, Dance, Physical fitness and ‘summer coaching’. We also observe that Football, Basketball, […]

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