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Advisory on Payment of fees in connection with filings made with SEBI

May 13, 2022 729 Views 0 comment Print

The BSE Exchange has received a communication from SEBI  regarding payment of fees in connection the filings made with the SEBI. Payment of fees in terms of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, SEBI (Buyback of Securities) Regulations, 2018, SEBI (Listing Obligations and […]

RBI withdraws additional 239 circulars – Total 714 circulars withdrawn

May 13, 2022 678 Views 0 comment Print

The Regulations Review Authority (RRA 2.0) has recommended withdrawal of an additional 239 circulars. With this, the total number of circulars which stand withdrawn would be 714.

RBI allows lending by commercial banks to NBFCs & lending by SFBs to NBFC-MFIs on an on-going basis

May 13, 2022 252 Views 0 comment Print

Lending by commercial banks to NBFCs and lending by Small Finance Banks (SFBs) to NBFC-MFIs, for the purpose of on-lending to certain priority sectors, was permitted up to March 31, 2022. To ensure continuation of the synergies that have been developed between banks and NBFCs in delivering credit to the specified priority sectors, it has […]

Grievance redressal mechanism in case of pending GST Refunds

May 13, 2022 2796 Views 0 comment Print

under Section 54 of the DGST Act, 2017, taxpayer can claim the refund of any payment and interest before the expiry of two years from the relevant date. The proper officer shall issue the order within sixty days from the date of receipt of application, else interest at the rate not exceeding 6% shall be payable on such refund application.

Tariff Notification No. 41/2022-Customs (N.T.) Dated: 13.05.2022

May 13, 2022 1404 Views 0 comment Print

Tariff Notification No. 41/2022-Customs (N.T.) Dated: 13.05.2022 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 41/2022-CUSTOMS (N.T.) | Dated: 13th May, 2022 S.O. 2228(E).—In exercise of the powers conferred by […]

CAAR ruling on classification of Tello/AGRAS T16/Mavic Air 2/Dji Mini 2/hantom 4 Pro drone

May 13, 2022 3477 Views 0 comment Print

In re Ingram Micro Private Ltd (CAAR Mumbai) CAAR rule that the: – a) Tello drone merits classification under subheading 95030010 of the first schedule to the Customs Tariff Act, 1975 and would attract basic customs duty @60% adv. and IGST@ 18%; b) AGRAS T16 drone merits classification under subheading 88062400 of the first schedule […]

GST on transfer of business by Airport Authority of India to Adani

May 13, 2022 1935 Views 0 comment Print

Whether transfer of business by Airport Authority of India to Adani Lucknow International Airport Limited be treated as Supply u/s. 7 of CGST Act, 2017

CBI arrests its four Sub-Inspectors posted at Delhi

May 13, 2022 573 Views 0 comment Print

Central Bureau of Investigation has arrested its four Sub-Inspectors posted at Delhi on certain allegations and conducted searches at their premises. Incriminating documents recovered during searches are being scrutinized.

IBBI directs IRP to maintain independence in decision making

May 12, 2022 936 Views 0 comment Print

Though the deficiencies as noticed and conceded by Ms Kalpana G appear to be minor in nature, however, in the context of messaging with regard to the independent role of Insolvency Professional as envisaged under the Code and Regulations framed thereunder, such acts of omission have larger ramifications.

Burning Cost for Fire perils published by IIB is not a ‘mandated minimum rate’: IRDAI

May 12, 2022 3342 Views 0 comment Print

IRDAI has been receiving several complaints from policyholders, both directly and through various platforms such as industry associations, that insurers are referring to the Burning Cost as a ‘mandated minimum rate’.

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