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Formats specifying disclosure of Corporate Governance by High value debt listed entities

January 7, 2022 3384 Views 0 comment Print

Following formats and requirements for disclosures of corporate governance requirements shall be applicable for the purpose of compliance: a. SEBI circular No. CIR/CFD/1/27/2019 dated February 08,2019 on the Annual Secretarial Audit Report and Secretarial Compliance report.

IFSCA notifies ‘ship lease’ as a financial product

January 7, 2022 1773 Views 0 comment Print

International Financial Services Centres Authority specifies ‘ship lease’ which shall include operating lease, and hybrid of operating and financial lease, of a ship or ocean vessel, engines of ship or ocean vessel, or any other part thereof, as a financial product under section 3(1)(d) of the International Financial Services Centres Authority Act, 2019. INTERNATIONAL FINANCIAL […]

New Functionalities for Taxpayers on GST Portal in December, 2021

January 6, 2022 5508 Views 0 comment Print

New Functionalities made available for Taxpayers on GST Portal in December, 2021 New Functionalities made available for Taxpayers for the Month of December, 2021 on GST Portal related to  Changes in Form GSTR-1/IFF, Creation of My Masters facility in Form GSTR-1/IFF, Allowing entry of suspended GSTINs as recipients in Form GSTR 1/IFF (B2B Tables), Integration […]

Continuation of operations of the DGFT ‘COVID-19 Helpdesk’ for International Trade related Issues

January 6, 2022 486 Views 0 comment Print

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Dated: 06th January 2022 Udyog Bhawan, New Delhi Trade Notice No. 29/2021-2022 To, All Exporters/Members of Trade All Export Promotion Councils/Commodity Boards Subject: Continuation of operations of the DGFT ‘COVID-19 Helpdesk’ for International Trade related Issues’ Department of Commerce […]

Cabinet approves Agreement between India and Spain on Cooperation and Mutual Assistance in Customs Matters

January 6, 2022 510 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Agreement between India and Spain on Cooperation and Mutual Assistance in Customs Matters.

Master Circular – Bank Finance to Non-Banking Financial Companies (NBFCs)

January 5, 2022 4083 Views 0 comment Print

The ceiling on bank credit linked to Net Owned Fund (NOF) of NBFCs has been withdrawn in respect of all NBFCs which are statutorily registered with RBI and are engaged in principal business of asset financing, loan, factoring and investment activities.

DGFT includes Customs/GST/ Bank Authorities in Grievance Committee

January 5, 2022 1500 Views 0 comment Print

Para 9.08 of HBP 2015-20 has been amended to revise the composition of Standing Grievance Committee by including other relevant Central/State Government agencies such as Customs/ GST Authorities, Banks, GM DICs etc. to address the grievances /complaints of the industry members at one platform. Government of India Ministry of Commerce & Industry Department of Commerce […]

HC directs closure of Cheque Bounce Case despite payment of fine by Convict Directly to Complainant

January 4, 2022 2682 Views 0 comment Print

But if the Court permits payment of fine as compensation to the complainant directly, it enables the accused to pay the entire fine as compensation directly to the complainant, as is the case with the sentence in C.C.785/2003, the Magistrate cannot insist that fine is to be paid in Court and it cannot be paid directly to the complainant and is to be paid to the complainant only after making necessary entries in Form No.20.

Govt. sets up control room to monitor uninterrupted flow of goods & essential commodities

January 4, 2022 1035 Views 0 comment Print

Govt. sets up control room to monitor uninterrupted flow of goods & essential commodities. Ensuring people’s comfort & supporting businesses as states & UTs take steps to check Covid spread. Government  help desk details: +91 11 23063554, 23060625 dpiit-controlroom@gov.in No. F – 12016/1/2021 -Estt. NG Government of India Ministry of Commerce and Industry Department for […]

AAR cannot give a ruling if similar issue is pending before DGGI

January 4, 2022 885 Views 0 comment Print

In re Dlecta Foods Pvt Ltd. (GST AAR Maharashtra) Whether the product ‘Non-Dairy Cream’ manufactured by the Applicant is covered under CH 1517 90 90 or under CH 2106 90 99 of the GST Tariff? Subject classification matter is pending as a dispute in proceedings initiated by the Directorate General GST Intelligence (DGGI), Pune Regional […]

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