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Consultation Paper on Regulatory Framework for ESG Rating Providers (ERPs) in Securities Market

February 23, 2023 1503 Views 0 comment Print

In recent years, climate change and sustainable development concerns have become a priority at global and national levels. There has been an increase in interest of stakeholders, including investors and financial regulators, in examining Environmental, Social and Governance (ESG)-related issues.

SEZ Rule 21B – Units dealing with aircraft leasing activities

February 23, 2023 1782 Views 0 comment Print

A Unit in an International Financial Services Centre, authorised to undertake aircraft leasing activity, if allowed by the International Financial Services Centre Authority not to maintain separate office, may utilise office space or manpower or both, of another unit set up in International Financial Services Centre authorised to undertake aircraft leasing activity, as may be approved by the Authority

Bicycles- Retro Reflective Devices (Quality Control) Order, 2023

February 23, 2023 1674 Views 0 comment Print

Order may be called Bicycles- Retro Reflective Devices (Quality Control) Order, 2023. It shall come into force from 1st day of July, 2023

GST on renting of residential premises used as guest house of registered person

February 23, 2023 38037 Views 1 comment Print

In re Indian Metals and Ferro Alloys Limited (GST AAR Odisha) Q. Whether Service Received by a registered person by way of renting of residential premises used as guest house of the registered person is subject to GST under Forward Charge Mechanism (FCM) or Reverse Charge Mechanism. Ans:- Now, evaluating the question with reference to […]

Mandatory upload of Withdrawal/ KYC documents to enable Parallel Processing of Exit & Annuity for benefit of NPS Subscribers

February 22, 2023 1140 Views 0 comment Print

Common proposal for Exit from NPS and for buying annuity from ASP facilitates parallel processing of Lump sum component and Annuity due to which the time taken by ASPs while issuing Annuity Policies is significantly reduced which result in faster Subscriber servicing and timely Annuity issuance.

Advisory for SEBI Regulated Entities (REs) regarding Cybersecurity best practices

February 22, 2023 4005 Views 0 comment Print

Considering the interconnectedness and interdependency of the financial entities to carry out their functions, the cyber risk of any given entity is no longer limited to the entity’s owned or controlled systems, networks and assets.

CBIC amends details of ex-bond Bill of Entry / Shipping Bill in Form A

February 21, 2023 3246 Views 0 comment Print

F. No. 483/01/2020-LC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs Room No. 227 A. North Block, New Delhi *** Circular No. 04/2023-Customs Dated 21st February, 2023 To. All Principal Chief Commissioners/ Chief Commissioners of Customs All Principal Chief Commissioners/ Chief Commissioners of Customs (Prey.) All Principal […]

CBDT amends Audit Report Format of Trust (Form No. 10B) & Rule 16CC & 17B

February 21, 2023 43536 Views 2 comments Print

CBDT amends Rule 16CC Form of report of audit prescribed under tenth proviso to section 10(23C), Rule 17B Audit report in the case of charitable or religious trusts, etc. and ‘FORM No. 10B – Audit report under clause (b) of the tenth proviso to clause (23C) of section 10 and sub-clause (ii) of clause (b) of […]

MCA penalised company for not complying with section 118(10) r/w Secretarial Standards

February 21, 2023 1911 Views 0 comment Print

Inspection of Books of Account and other records of the captioned company was conducted under section 206(5) of the Companies Act, 2013. During the inspection, it was reportedly observed by the Inspecting Officer that the company has not complied with the provisions of section 118(10) r/w Secretarial Standards. a. The subject company and its officers […]

Verification module of Insight portal for Assessment, Investigation & TDS wings

February 20, 2023 4410 Views 0 comment Print

Dissemination of Cases on ‘Verification’ module of Insight portal for Assessment, Investigation and TDS wings as per Risk Management Strategy (Cycle-2) of CBDT

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