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Notification No. 24/2017-Customs (ADD) Dated: 02.06.2017

June 2, 2017 2094 Views 0 comment Print

G.S.R. (E). -Whereas, the designated authority vide initiation notification No. 15/24/2016- DGAD, dated the 25th April, 2017, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 25th April, 2017, had initiated review in terms of sub- section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act) and in pursuance of rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter referred to as the said rules), in the matter of continuation of anti-dumping duty

India’s Major Drive Towards Clean Energy

June 2, 2017 927 Views 0 comment Print

Ramping up its renewable and nuclear energy programmes tremendously over the past three years reflects the government’s commitment to prioritise the use of clean power in India’s energy mix.

Aadhaar mandatory for opening bank account- Govt notifies rules

June 1, 2017 5778 Views 0 comment Print

(1) These rules may be called the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.

Hidden problem for renting of immovable property service provided by individuals under GST

June 1, 2017 212340 Views 59 comments Print

As per schedule I supply of service without consideration to related/distinct person will be treated as supply. Admitting a person into a premises for “consideration” alone can be treated as business under Sec 2(17)(f). It is not clear whether schedule I can override section 2(17)(f).

“Every Cloud has silver lining”

June 1, 2017 2151 Views 3 comments Print

Every cloud has silver lining is a very common phrase often used in English whenever we are trying to uplift someone’s spirits. Silver Lining doesn’t mean the actual boundary line that appears when sun suddenly shines from behind the clouds on a stormy day, even though it makes a beautiful scene. It means that after all the hardships and struggles, there is always hope or a lesson that helps us in our future journey or helps us in not repeating our mistakes in future.

Online Registration Mechanism for Mutual Funds

June 1, 2017 1089 Views 0 comment Print

It has now been decided to operationalize SEBI Intermediary Portal https://siportal.sebi.gov.in) for the entities to submit the mutual funds registration applications online.

Introduction of Legal Entity Identifier for OTC derivatives markets

June 1, 2017 3051 Views 0 comment Print

The Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis. The LEI is a 20-character unique identity code assigned to entities who are parties to a financial transaction.

Govt amends Service Rules of ITAT Members, VPs And President

June 1, 2017 1944 Views 0 comment Print

These rules may be called the Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) Rules, 2017.

Insolvency Professionals to act as Interim Resolution Professionals (Recommendation) Guidelines, 2017

June 1, 2017 1188 Views 0 comment Print

Section 16 (3)(a) of the Insolvency and Bankruptcy Code, 2016 (Code) requires the Adjudicating Authority (AA) to make a reference to the Insolvency and Bankruptcy Board of India (Board) for recommendation of an insolvency professional (IP) who may act as an interim resolution professional (IRP) in case an operational creditor has made an application for corporate insolvency resolution process (CIRP) and has not proposed an IRP. The Board, within ten days of the receipt of the reference from the AA, is required under section 16(4) of the Code to recommend the name of an IP to AA against whom no disciplinary proceedings are pending.

Scheme for conduct of Awareness Programs for Commodities Derivatives 2017

June 1, 2017 1068 Views 0 comment Print

This document sets contours for conduct of Commodities Derivatives Awareness Programs (CAPs) and gives guidelines to entities who may like to empanel with SEBI as Commodities Derivatives Trainers (CoTs).

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