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All about filing of eForm CRL-1

December 1, 2021 17784 Views 1 comment Print

CRL – 1 –Form for Information to the Registrar by company regarding the number of layers of subsidiaries Part I – Law(s) Governing the eForm Every company other than certain exempted class of companies, which has number of layers of subsidiaries in excess of the layers specified in the Companies Act 2013 shall file a […]

Slump sale: Provide relief from unintended adverse impact of Rule 11UAE

December 1, 2021 11583 Views 0 comment Print

Seeking relief from Rule 11UAE impact on slump sale transactions? Learn how BCAS made a representation to CBDT for a solution.

Non-current Liabilities with Covenants – Proposed amendments to IAS 1

December 1, 2021 1170 Views 0 comment Print

IAS 1 Presentation of Financial Statements requires that, for an entity to classify a liability as non-current, the entity must have the right at the end of the reporting period to defer settlement of the liability for at least 12 months after the reporting period (right to defer settlement).

CBIC clarifies on Import of Sajji Khar/ Pappad Khar

December 1, 2021 3981 Views 0 comment Print

It is stated that imported consignments of Sajji Khar/Papad Khar does not require product approval under FSS (Approval of non-specified food and food ingredients) Regulations, 2017 and these may be considered as food not specified till standards are notified by FSSAI.

Publishing of Investor Charter & disclosure of complaints by Debenture Trustees on Websites

November 30, 2021 1203 Views 0 comment Print

In order to facilitate investor awareness about various activities where an investor has to deal with DTs for availing various services, SEBI has developed an Investor Charter for DTs, inter-alia detailing the services provided to Investors, timelines for various DT services provided, Rights and Obligations of Investors and Grievance Redressal Mechanism.

Advisory for rigorous screening & testing of all international arrivals

November 30, 2021 690 Views 0 comment Print

Further the contacts of these international travelers must also be closely tracked and tested as per MoHFW guidelines and the samples of travelers turning positive are sent to the designated INSACOG Genome Sequencing Laboratories (IGSLs) promptly, as per the Indian SARS-CoV-2 Genomics Consortium (INSACOG) Guidance Document.

DGFT to issue RCMC/ Registration Certificate online

November 30, 2021 6861 Views 1 comment Print

A new online common digital platform for issuance of Registration Cum Membership Certificate (RCMC)/ Registration Certificate (RC) has been developed which would be single point of access for all exporters/importers and Issuing agencies. The given platform shall be available at the following URL: https://dgft.gov.in.

ITC of GST paid on Motor cars of seating capacity not exceeding 13

November 30, 2021 12066 Views 0 comment Print

In re New Pandian Travels Private Limited (GST AAR Tamilnadu) 1. Whether the GST paid on the Motor cars of seating capacity not exceeding 13 (including Driver) leased or rented to customers will be available to it as INPUT TAX CREDIT (ITC) in terms of Section 17(5)(a)(A) of Central Goods and Service Tax Act, 2017? […]

Applicant cannot seek Advance ruling for supply already made

November 30, 2021 1149 Views 0 comment Print

AAR held that Applicant cannot seek Advance ruling under GST for supply already made or for Ongoing Supply and for supply undertaken by Merchant Exporter.

SEBI Master Circular for Infrastructure Investment Trusts (InvITs)

November 29, 2021 2994 Views 0 comment Print

Securities and Exchange Board of India MASTER CIRCULAR SEBI/HO/DDHS/DDHS_Div3/P/CIR/2021/673 November 29, 2021 All Infrastructure Investment Trusts (“InvITs”) All Parties to InvITs All Recognised Stock Exchanges All Merchant Bankers and other Intermediaries Madam/ Sir, Sub: Master Circular for Infrastructure Investment Trusts (InvITs) 1. For effective regulation of Infrastructure Investment Trusts, Securities and Exchange Board of India […]

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