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SEBI Cautions against fraudulent calls/e-mails/messages about refund of money

July 7, 2022 474 Views 0 comment Print

SEBI noticed that unscrupulous individuals are trying to cheat public by holding out as officials of Recovery and Refund Department of SEBI and falsely informing them about refund of money in various cases through phone calls/ e-mails/ messages.

Amendment in registration time period of Steel Import Monitoring System

July 7, 2022 13056 Views 0 comment Print

The requirement of advance registration of minimum 15 days from the expected date of arrival of import consignment under SIMS has been abolished. Notification No. 19/2015-2020 | Dated: 7th July, 2022 Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade, New Delhi Notification No. 19/2015-2020 | Dated: 7th […]

SOP prohibiting import of mobile phones with duplicate/fake IMEI

July 7, 2022 1932 Views 0 comment Print

SOP for Implementation of Central Government notification prohibiting import of mobile phones with duplicate, fake and non-genuine International Mobile Equipment Identity (IMEI)

Investment by Foreign Portfolio Investors (FPI) in Debt – Relaxations

July 7, 2022 2847 Views 0 comment Print

It has been decided that investments by FPIs in government securities and corporate bonds made between July 08, 2022 and October 31, 2022 (both dates included) shall be exempted from the limit on short-term investments till maturity or sale of such investments.

Assessee cannot be taxed for sale of property by director by misusing his position 

July 6, 2022 858 Views 0 comment Print

ACIT Vs Anush Infrastructure (P) Ltd (ITAT Chennai) Upon careful consideration of material facts, it could be gathered that the whole basis to make additions in the hands of the assessee is sale agreement dated 24.08.2009 allegedly executed between the assessee and one Mrs. Bhavika Jain. On the basis of this agreement, it has been […]

FCNR (B)/NRE Term deposits: Exemption from CRR/SLR maintenance

July 6, 2022 1791 Views 0 comment Print

Section 42 of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 – FCNR (B)/NRE Term deposits – Exemption from maintenance of CRR/SLR

Liberalisation of Forex Flows

July 6, 2022 1050 Views 0 comment Print

Exemption from Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) on Incremental FCNR(B) and NRE Term Deposits

Master Direction on Interest Rate on FCNR(B) and NRE Deposits

July 6, 2022 1257 Views 0 comment Print

Master Direction on Interest Rate on Deposits – Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit

Amendment in Export Policy of Wheat Flour (atta)

July 6, 2022 3633 Views 0 comment Print

Export Policy of wheat flour (atta) remains ‘Free’, but export shall be subject to recommendation of Inter-Ministerial Committee (IMC) on export of wheat. The Notification will come into effect from 12th of July, 2022. The provisions as under Para 1.05 of the Foreign Trade Policy, 2015-2020 regarding transitional arrangement shall not be applicable under this […]

IBBI (Employees’ Service) (Amendment) Regulations, 2022

July 6, 2022 585 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Employees’ Service) (Amendment) Regulations, 2022.

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