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Modification in Cyber Security & Cyber Resilience Framework of MFs/AMCs

June 9, 2022 1383 Views 0 comment Print

Mutual Funds/ AMCs are mandated to conduct comprehensive cyber audit at least 2 times in a financial year. Along with the cyber audit reports, henceforth, all Mutual Funds/ AMCs are directed to submit a declaration from the Managing Director (MD)/ Chief Executive Officer (CEO) certifying compliance by the Mutual Funds/ AMCs with all SEBI Circulars and advisories related to cyber security from time to time.

Discussion Paper on Remuneration of an Insolvency Professional

June 9, 2022 3393 Views 0 comment Print

Discussion Paper on Remuneration of an Insolvency Professional deals with issue of fee of an insolvency professional (IP) acting as interim resolution professional (IRP)/ resolution professional (RP) in corporate insolvency resolution process (CIRP) 

Rejection of Instalment facility for payment of Amount Due as per Self-Assessed Return including interest justified

June 9, 2022 1668 Views 0 comment Print

P.K. Ores Pvt. Ltd. Vs Commissioner of Sales Tax (Orissa High Court) It is admitted fact on record that the petitioner has deposited an amount of tax admitted in self-assessed returns beyond the time stipulated under Section 39 and hence the CT & GST Officer, Bhubaneswar-II Circle, Bhubaneswar had raised demand of interest to the […]

RBI Increases policy repo rate by 50 basis points (Notifications)

June 8, 2022 711 Views 0 comment Print

As announced in the Monetary Policy Statement 2022-23 dated June 08, 2022, the Bank Rate is revised upwards by 50 basis points from 4.65 per cent to 5.15 per cent with immediate effect.

RBI Guidelines for Doorstep Banking by UCBs

June 8, 2022 1044 Views 0 comment Print

UCBs which offer services of pick-up of cash may take suitable steps to educate their employees and agents to enable them to detect forged and mutilated notes so as to avoid frauds and disputes with customers.

MCA to launch of National CSR Exchange Portal

June 8, 2022 1761 Views 1 comment Print

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman to launch the Iconic Day celebrations of Ministry of Corporate Affairs at Vigyan Bhawan tomorrow To commemorate Amrit Mahotsav, MCA to launch of National CSR Exchange Portal MCA to release commemorative Postal Stamp on Investor Awareness A short film on the evolution of Corporate Governance […]

Govt waives interest for specified e-commerce operators under GST

June 7, 2022 2037 Views 0 comment Print

Govt provides waiver of interest for specified electronic commerce operators for specified tax periods vide Notification No. 08/2022 –Central Tax, Dated: 07.06.2022. Interest waived for certain e-commerce operators who could not file FORM GSTR-8 due to technical glitch on the Portal. The waiver is given for specified periods and is from the date of deposit […]

SEBI directs Brokers & DPs to identify & classify critical assets based on their sensitivity & criticality

June 7, 2022 1392 Views 0 comment Print

tock Brokers / Depository Participants shall identify and classify critical assets based on their sensitivity and criticality for business operations, services and data management. The critical assets shall include business critical systems, internet facing applications /systems, systems that contain sensitive data, sensitive personal data, sensitive financial data, Personally Identifiable Information (PII) data, etc.

Inspector of Income Tax to submit Preference of Allocation of Region

June 7, 2022 9486 Views 0 comment Print

With reference to his/her application for recruitment to the post of Inspector of Income Tax in CBDT on the basis of Combined Graduate Level Examination 2019, the candidate selected as Inspector of Income Tax in CBDT is directed to indicate/exercise his/her preferences, in order of priority for allotment of 18 regions under Income Tax Department (CBDT) all over the country, in the enclosed format.

GST on royalty for Mining Lease & contributions to DMF & NMET

June 7, 2022 8304 Views 0 comment Print

In re Singareni Collieries Company Limited (GST AAR Telangana) Q1. Whether royalty paid in respect of Mining Lease can be classified under “Licensing services for the right to use minerals including its exploration and evaluation falling under the heading 9973 attracting GST at the same rate of tax as applicable on supply of like goods […]

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