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Consultation paper for Review of SEBI (Collective Investment Schemes) Regulations,1999

January 7, 2022 1389 Views 0 comment Print

Objective of Consultation paper for Review of SEBI (Collective Investment Schemes) Regulations, 1999 is to seek comments / views from the public on the proposals that are intended to strengthen the regulatory framework for Collective Investment Schemes (CIS) as well as empower the Collective Investment Management Company (CIMC) to effectively discharge their responsibilities towards the investors of the schemes.

Disclosure obligations of high value debt listed entities for Related Party Transactions

January 7, 2022 3564 Views 0 comment Print

Since the provisions of Regulation 23 of the LODR Regulations would be applicable to high value debt listed companies also, it has been decided to Related Party Transactions disclosure obligations applicable to high value debt listed entities.

Request to Extend Due Dates for filing Tax & Transfer Pricing Audit

January 7, 2022 8913 Views 1 comment Print

Chamber of Tax Consultants has made a Request for Extension of Due Dates for filing Tax Audit and Transfer Pricing Reports to Smt. Nirmala Sitharaman, Hon’ble Finance Minister,Ministry of Finance. Full text of their representation is as follows:- The Chamber of Tax Consultants Date: 7th January, 2022 To, 1. Smt. Nirmala Sitharaman, Hon’ble Finance Minister, […]

Karnataka allows CA offices to function with 50% staff during weekends

January 7, 2022 1269 Views 0 comment Print

It is clarified that Offices/Firms of Chartered Accountants are permitted to function with 50% of their staff strength during weekends strictly adhering to COVID appropriate behaviour. Movement of Chartered Accountants and their staff is permitted on producing valid ID card issued by their receptive offices.

Centre issues guidelines for restructuring under Sugar Development Fund Rules 1983

January 7, 2022 1767 Views 0 comment Print

Centre issues guidelines for restructuring under Sugar Development Fund Rules 1983 Guidelines have provision for two years moratorium and then five years of repayment expected to provide relief to financially weak sugar mills which have availed SDF loans In order to facilitate rehabilitation of financially weak but economically viable sugar mills which have availed loans […]

HC directs Customs Commissioner to consider representation of Appellant & Pass reasoned & speaking order

January 7, 2022 1518 Views 0 comment Print

Carbon Resources Private Limited Vs The Prinicipal Commissioner of Customs (Port) & Anr. (Calcutta High Court) Petitioners in this writ petition are aggrieved by inaction on the part of the respondents to dispose of their first representation dated December 26, 2020 being Annexure P3 to the writ petition as well as the second representation by […]

Tyres needs to be classified based on Dominant use of the same

January 7, 2022 2538 Views 0 comment Print

We find going by the principle of dominant use as enunciated in the judgments cited above, as we find that the tyres are basically suitable for off-road use that is in difficult terrain and rocky/muddy areas etc.

NI Act | Sec 138 | No prosecution of Joint account holder who not signed cheque

January 7, 2022 20040 Views 0 comment Print

Kodam Danalakshmi Vs State of Telangana (Telangana High Court) A person who is the signatory to the cheque and the cheque is drawn by that person on an account maintained by him and the cheque has been issued for the discharge, in whole or in part, of any debt or other liability and the said […]

Piyush Goyal calls for a Single portal KYC system for Stock Brokers, Mutual Fund

January 6, 2022 975 Views 1 comment Print

Shri Piyush Goyal calls for a Single window portal for doing robust common KYC system for Stock Brokers, Mutual Fund and depositories etc Shri Piyush Goyal calls for transparency and integrity in the stock markets to empower households and investment besides encourage investments. The NSE has been able to eliminate a lot of bad practices […]

NSE: Launch of Digital Portal for filings done with the Exchange

January 6, 2022 10230 Views 0 comment Print

Currently, listed entities are submitting various disclosures to the Exchange via NEAPS (NSE Electronic Application Processing System). With the launch of the new Digital Portal, listed entities shall make all the filings through the Digital Portal. However, the transition from NEAPS to the Digital Portal would be carried out in a phased manner.

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