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Discussion Paper on ‘Usage of pool accounts in Mutual Fund Transactions’

December 24, 2019 2970 Views 0 comment Print

i. Pooling of funds/units by Stock Brokers, MFDs, IAs and other platforms may be discontinued for Mutual Fund Transactions. For implementation of the same, following may be ensured:

Framework for listing of Commercial Paper-Amendments

December 24, 2019 2277 Views 0 comment Print

However, if an issuer is required to prepare financial results for the purpose of consolidated financial results of its parent company in terms of Regulation 33 of SEBI LODR Regulations, such issuers shall submit financial results in terms of para 1.1 above or shall submit quarterly financial results that have been prepared for the purpose of consolidation of their parent company.

Guidelines for filing of placement memorandum – InvITs proposed to be listed

December 24, 2019 1146 Views 0 comment Print

The following clarification is issued to the InvITs which are issuing units on private placement basis that are proposed to be listed: a. InvITs, wherein units are issued by way of private placement and which are proposed to be listed, shall file a draft placement memorandum with the Board and stock exchange(s) through a merchant banker registered with the Board not less than thirty days prior to opening of the issue.

Clear import consignments of Onion Speedily: Govt

December 24, 2019 408 Views 0 comment Print

Government is exploring all possible measures to improve the availability of Onion in domestic market. Government has already put a ban on export of Onion. Speedy import is also necessary to boost domestic supply.

Notice to Amalgamated Company which ceased to exist is without jurisdiction

December 24, 2019 2730 Views 0 comment Print

The Gujarat High Court set aside Reassessment Notice issued to the amalgamated company which ceased to exist after approval of the composite scheme of arrangement.

Draft Employees’ State Insurance (Central) Amendment Rules, 2019

December 24, 2019 1374 Views 0 comment Print

Ministry Of Labour Of Employment notifies Draft Employees’ State Insurance (Central) Amendment Rules, 2019 vide Notification No. G.S.R. 949(E) dated 24th December, 2019. MINISTRY OF LABOUR OF EMPLOYMENT NOTIFICATION New Delhi, the 24th December, 2019 G.S.R. 949(E).—The following draft of certain rules further to amend the Employees’ State Insurance (Central) Rules,1950 which the Central Government, […]

SOP to be followed in case of non-filers of GST returns

December 24, 2019 16437 Views 2 comments Print

Section 46 of CGST Act read with rule 68 CGST Rules requires issuance of a notice in FORM GSTR-3A to a registered person who fails to furnish return under section 39 or section 44 or section 45 (defaulter) requiring him to furnish such return within fifteen days

FM holds Pre-Budget Consultation with representatives from Water and Sanitation sectors

December 24, 2019 495 Views 0 comment Print

Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman held her 9th Pre-Budget Consultation meeting with the leading representatives from Water and Sanitation sectors here today in connection with the forthcoming General Budget 2020-21.

RBI amends Master Directions-NBFC – Peer to Peer Lending Platform

December 23, 2019 804 Views 0 comment Print

On a review, it has been decided that (i) The aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms, shall be subject to a cap of ₹ 50,00,000 provided that such investments of the lenders on P2P platforms are consistent with their net-worth.

CBIC reaches out to BSE members on SABKA VISHWAS Scheme

December 23, 2019 588 Views 0 comment Print

Directorate General of Taxpayer Services, Mumbai Zonal Unit, Central Board of Indirect Taxes and Customs organized a Symposium on SABKA VISHWAS (Legacy Dispute Resolution) Scheme, (SVLDRS) 2019 on 23rd December, 2019 at 4.00 pm to 5.00 pm at BSE Auditorium, 1st Floor, BSE, Fort, Mumbai, for the members of Bombay Stock Exchange.

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