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Amendment in Import Policy of Tyres

June 12, 2020 7713 Views 0 comment Print

Import policy of New pneumatic tyres covered under ITC HS codes 40111010, 40111090. 40112010, 40112090, 40114010, 40114020, 40114090, 40115010 and 40115090 is amended from ‘Free’ to ‘Restricted’.

SEBI: Investment by sponsor or asset management company in scheme

June 12, 2020 1116 Views 0 comment Print

In terms of Regulation 28 (4) of SEBI (Mutual Funds) (Amendment) Regulations, 2020, the sponsor or asset management company is required to invest not less than one percent of the amount which would be raised in the new fund offer or fifty lakh rupees, whichever is less in such option of the scheme, as may be specified by the Board.

IBBI cancels registration of IP as criminal proceedings were pending against him

June 11, 2020 1296 Views 0 comment Print

The submissions made by Mr. Lebaka have been examined and it is observed that he has failed to make a required disclosure about the pendency of the criminal proceedings against him before the Hon’ble Court.

Invoke NDPS Act in narcotics drug cases affected by Custom formations

June 10, 2020 1098 Views 0 comment Print

I am directed to state that the Hon’ble Home Minister has directed that in all cross-border narcotics drug cases affected by the Custom formations, NDPS Act, 1985 should also be invoked under which Custom officers are duly empowered to provide effective deterrence to cross-border smuggling of drugs.

Govt revises export policy of Diagnostic kits/laboratory reagents

June 10, 2020 4290 Views 0 comment Print

The Notification No. 59 dated 04.04.2020 is amended to the extent that only diagnostic kits/reagents as described in para 1(A) and all diagnostic instruments/apparatus/reagents as described in para 1(B) falling under any HS code, including HS codes specified above, are ‘restricted’ for exports whether as an individual item or as a part of any diagnostic […]

Daughters of promoters are immediate relatives irrespective of marriage: SEBI

June 10, 2020 3831 Views 0 comment Print

By virtue of the definition of ‘promoter group’ under the ICDR, the daughters of the promoters are immediate relatives and are a part of the promoter group irrespective of the fact that they are married and living a separate life or that they do not have any involvement in the management of the Company. Moreover, […]

Revalidation of Export Authorization / License for Non-SCOMET & SCOMET items

June 8, 2020 1800 Views 0 comment Print

Paragraph 2.20(b) of HBP of FTP 2015-2020 has been amended to allow revalidation of the Export Authorization / License for Non-SCOMET and SCOMET items from DGFT (Hors).

Fall in collection of direct taxes is on expected lines: CBDT

June 7, 2020 1371 Views 0 comment Print

There are reports in a certain section of media that the growth of direct taxes collection for the FY 2019-20 has fallen drastically and buoyancy of the direct tax collection as compared to the GDP growth has reached negative. These reports do not portray the correct picture regarding the growth of direct taxes.

Minutes of Monetary Policy Committee Meeting May 20 to 22, 2020

June 5, 2020 891 Views 0 comment Print

Reserve Bank of India Minutes of the Monetary Policy Committee Meeting May 20 to 22, 2020 [Under Section 45ZL of the Reserve Bank of India Act, 1934] Date : Jun 05, 2020 The twenty third meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held […]

Farmers (Empowerment and Protection) Agreement On Price Assurance and Farm Services Ordinance, 2020

June 5, 2020 4092 Views 0 comment Print

Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020 is passed to provide for a national framework on farming agreements that protects and empowers farmers to engage with agri-business firms, processors, wholesalers, exporters or large retailers for farm services and sale of future farming produce at a mutually agreed remunerative price framework in a fair and transparent manner and for matters connected therewith or incidental thereto.

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