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Scheme(s) of Arrangement by entities who listed their NCDs/ NCRPS (‘debt listed entities’)

December 9, 2022 630 Views 0 comment Print

In this regard, it is clarified that the provisions of the aforementioned circular shall not apply to a Scheme of Arrangement which solely provides for an arrangement between a debt listed entity and its unlisted wholly owned subsidiary.

Steps taken by centre to reduce import reliance

December 9, 2022 495 Views 0 comment Print

Government has taken several steps to reduce import reliance so as to curb the trade deficit. These include creating/enhancing of domestic capacity, incentivizing domestic manufacturing through Production Linked Incentive (PLI) schemes, phased manufacturing plans, timely use of trade remedy options, adoption of mandatory technical standards, enforcement of FTA Rules of Origin (RoO) and development of […]

Exports by Post (Amendment) Regulations, 2022

December 9, 2022 924 Views 0 comment Print

These regulations may be called the Exports by Post (Amendment) Regulations, 2022. They shall come into force on the date of their publication in the Official Gazette.

Exposure Draft on Long-Term Motor Products covering both Motor Third Party Insurance and Own Damage Insurance

December 8, 2022 381 Views 0 comment Print

There shall be a ‘Board-approved policy’ set up by the Insurer containing ects relating to operational matters, accounting (including provisioning requirements) and disclosures for addressing the issue pertaining to cancellation of policy including claw-back of commission.

Govt notifies NPCI for Aadhaar authentication under PMLA

December 7, 2022 2703 Views 0 comment Print

The e-KYC setu shall be a system put in place by National Payments Corporation of India (NPCI) to enable verification of identity of a client or its beneficial owner by a reporting entity through authentication under the Aadhaar Act without disclosing the Aadhaar number of the individual to the reporting entity.

FAQs on Master Direction – RBI (Transfer of Loan Exposures) Directions, 2021 (MD-TLE)

December 7, 2022 3378 Views 0 comment Print

Dive into FAQs on Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 (MD-TLE). Understand key concepts like time of transfer, distribution of principal and interest income, treatment of fraud accounts, and more. Get clarity on the application of prudential norms and the eligibility of cooperative banks to transfer stressed assets.

MCA imposes penalty on Company for not affixing sign board at Registered Office

December 6, 2022 12228 Views 0 comment Print

Government of India Ministry Of Corporate Affairs Office of the Registrar of Companies, Bihar-Cum-Official Liquidator, High Court, Patna 4th Floor, ‘A’ Wing, Maurya Lok Complex Dakbunglow Road, Patna-800001 No.: ROC/Pat/Inspn./54521/S-12/2219 Dated: 06.12.2022 Order for penalty for violation of Section 12(3)(a) of the Companies Act, 2013 M/S. SUKHASAN FARMER PRODUCER COMPANY LIMITED CIN: U011001322020PTC054521 Appointment of Adjudication […]

Bullion Exchange & Bullion Clearing Corporation to comply with conditions specified by IFSCA

December 6, 2022 750 Views 0 comment Print

The Bullion Exchange and Bullion Clearing Corporation shall comply with conditions specified by IFSCA from time to time.

Rejected paddy seed not fit for human consumption merit classification under chapter heading 100610

December 6, 2022 882 Views 1 comment Print

In re Shraddha Traders (GST AAR Chhattisgarh) (a) Rejected paddy seed would merit classification under chapter heading 100610, subject to the compliance of the stipulations and conditions as mentioned in the Section note and chapter note specified therein. (b) The exemption from whole of tax as provided under Sr. no 70 of Notification no. 02/2017-Central […]

IRDAI (Appointed Actuary) Regulations, 2022

December 5, 2022 2838 Views 0 comment Print

A. These Regulations may be called Insurance Regulatory and Development Authority of India (Appointed Actuary) Regulations, 2022. B. The Insurance Regulatory and Development Authority of India (Appointed Actuary) Regulations, 2017 and any amendments made thereafter shall be repealed from the date these Regulations come into force.

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