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MCA Imposes Penalty for Receiving Inter Corporate Deposit Before Filing INC-20A

November 30, 2022 702 Views 0 comment Print

This article discusses the penalty imposed by the Ministry of Corporate Affairs (MCA) on ULTRAFINE MINERAL & ADMIXTURES PRIVATE LIMITED for receiving an Inter Corporate Deposit before filing the required declaration (INC-20A)

Draft Food Safety and Standards (Labelling & Display) Amendment Regulations, 2022

November 30, 2022 1158 Views 0 comment Print

Draft Regulations – These regulations may be called the Food Safety and Standards (Labelling & Display) Amendment Regulations, 2022.

Net Settlement of Cash and F&O segment upon expiry of stock derivatives

November 30, 2022 1770 Views 0 comment Print

Obligations arising out of cash segment settlement and physical settlement of F&O segment, upon expiry of stock derivatives, shall be settled on net basis as against current approach of settling such obligations separately.

AAR cannot give ruling in relation to completed supply provided by applicant

November 29, 2022 879 Views 0 comment Print

In re KBL SPML JV (GST AAR Karnataka) In the instant case the questions, on which the applicant seeks advance ruling, are not in relation to the supply of goods or services or both being undertaken or proposed to be undertaken by the said applicant, but in relation to a completed supply, provided by them. […]

Classification of Satin & Taffeta Rolls with sizes between 19mm to 40mm

November 29, 2022 1179 Views 0 comment Print

In re Mean Light Co (GST AAR Karnataka) In the instant case, the impugned products, as per the applicant, are woven fabrics having width less than 30 cm; Taffeta rolls made up of polyester yarn with acrylic coating to protect from raveling or fraying and also to have better printing quality; Satin rolls made up […]

Institute of Cost Accountants elects new President & Vice-President (2022-23)

November 29, 2022 2034 Views 0 comment Print

Institute of Cost Accountants of India conducted election of President and Vice-President . CMA Vijender Sharma has been elected as the President and CMA Rakesh Bhalla has been elected as the Vice-President of for the year 2022-23.

CBIC Amends notification no. 48/2022–Customs (N.T.), dated 31.05.2022

November 29, 2022 1167 Views 0 comment Print

Amendment of notification number 48/2022-Customs (N.T.) dated the 31st May, 2022 vide Notification No. 99/2022-Customs (N.T.), Dated: 29.11.2022. Exemption from deposits in ECL for specified goods u/s 51A(4) of the Customs Act now w.e.f. April 1, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, Notification No. 99/2022-Customs (N.T.) […]

Clarification on import of goods in setting up of Solar Power Plant under PIR, 1986

November 28, 2022 891 Views 0 comment Print

In re Green Infra Clean Wind Power Limited (CAAR Delhi) M/s. Green Infra Clean Wind Power Limited, 5th Floor, Tower-C, Building No. 8, DLF Cyber city, Gurgaon-122002, Haryana, a company having PAN AAJCG7352B (applicant, in short), has filed an application dated 26.09.2022 seeking advance ruling under section 28-H of the Customs Act, 1962 before the […]

Manner of processing and sanction of withheld IGST refunds

November 28, 2022 5271 Views 0 comment Print

Manner of processing and sanction of IGST refunds, withheld in terms of clause (c) of sub-rule (4) of rule 96, transmitted to the jurisdictional GST authorities under sub-rule (5A) of rule 96 of the CGST Rules, 2017-regarding

SEBI: Procedure for seeking prior approval for change in control

November 28, 2022 2034 Views 0 comment Print

In case the incumbent is a registered stock broker, clearing member, depository participant, in addition to the above, it shall obtain approval /NOC from all the stock exchanges/clearing corporations/depositories, where the incumbent is a member/depository participant and submit self-attested copy of the same to SEBI.

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