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MCA allows physical filing of Forms GNL-2, MGT-14, SH-8, SH-9 & SH-11

February 22, 2023 8832 Views 0 comment Print

Clarification about filing of Form GNL-2, for the purposes of filing prospectus related documents, MGT-14, PAS-3 and SH-8 during 22.02.2023 to 31.03.2023 due to process of stabilization of 45 forms launched with effect from 23.01.2023.

Applicability of amended Plastic Waste Management Rules, 2016 on imported goods

February 22, 2023 3879 Views 1 comment Print

Importers of goods which are not plastic packaging, but are coming wrapped or packed in plastic packagings, such as machinery, textile, etc., are required to upload the EPR registration in e-sanchit at the time of filing of the Bills of Entry to avoid any query on this issue.

Amendment in Circular No. 26/2016-Customs dated 09.06.2016

February 21, 2023 4041 Views 0 comment Print

It has been brought to notice that cases of such antecedent verification arc lacing unreasonable delays at certain field formations. In order to ensure that this task is completed in a time hound manner. it has been decided to amend the aforesaid Circular 26/2016-Customs by inserting the following sentence at the end of Para 4.1

Amendment in Import Policy condition of Cashew Kernels (Broken/ whole)

February 21, 2023 1479 Views 0 comment Print

Minimum Import Price (MIP) on Cashew kernel (broken / whole) will not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZs subject to the condition that the imported Cashew Kernels are not sold into Domestic Tariff Area (DTA).

MCA extends time limit for reservation of name & for 46 company forms

February 21, 2023 8793 Views 0 comment Print

Form PAS-03 which was closed for filing in Version-2 on 20.01.2023 and launched in Version-3 on 23.01.2023, and whose due dates for filing fall between 20.01.2023 and 28.02.2023, can also be filed without payment of additional fees till 31.03.2023.

Treatment of inward Co-Insurance while reporting MTP Obligations

February 20, 2023 630 Views 0 comment Print

obligations of an Insurer in respect of Motor Third Party Insurance Business for every Financial Year are also specified in IRDAI (Obligation of Insurer in Respect of Motor Third Party Insurance Business) Regulations, 2015.

IBBI caution IP for Non-Disclosure of relationship with valuer & forensic auditor

February 20, 2023 549 Views 0 comment Print

IP shall ensure disclosure of the relationship, if any, of the other professional engaged by him with himself, the Corporate Debtor (CD), Financial Creditor, Interim Finance Provider and Prospective Resolution Applicant to the Insolvency Professional Agency (IPA) of which he is a member, within the time specified.

High-Risk CRIUNRU PAN Case and High-Risk CRIUNRU Non-PAN Cases

February 20, 2023 12090 Views 0 comment Print

High-Risk CRIUNRU PAN Case and High-Risk CRIUNRU Non-PAN Cases – Dissemination of Cases on the ‘Verification’ module of Insight portal (RMS Cycle-2)

Reg. Continued recognition of unrealised management fees income by ARCs

February 20, 2023 1038 Views 0 comment Print

ARCs preparing their financial statements as per Ind AS, shall reduce the following amounts from their net owned funds while calculating the Capital Adequacy Ratio and the amount available for payment of dividend

Delhi Court dismisses Bail Plea of accused in Fake ITC case of Rs. 24 crores

February 18, 2023 1002 Views 0 comment Print

Accused admitted to have orchestrated the fake ITC fraud involving 05 fake firms, which have issued goods less invoices and passed on fraudulent input tax credit of GST amount to Rs.24 crores.

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