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Circulars

NSE Revokes suspension of trading in 6 UTI Mutual Fund Schemes

April 26, 2022 438 Views 0 comment Print

It is hereby notified that the suspension of trading in the following securities will be revoked w.e.f. April 27, 2022 based on confirmation submitted by UTI Asset Management Company Limited regarding continuation of the scheme post closure of STP (Specified Transaction Period).

Guidance framework on Sustainable and Sustainability linked lending by financial institutions

April 26, 2022 993 Views 0 comment Print

Sustainability linked lending incentivizes the borrowers’ sustainability performance by linking the interest margin to the improvement of the companies’ ESG score or to the improvement on tailored/predefined sustainability Key Performance Indicators (KPI) as measured by predefined Sustainability Performance Targets (SPTs).

Extension of limitation under GST in terms of SC Order

April 23, 2022 10029 Views 0 comment Print

Extension of timelines granted by Hon’ble Supreme Court vide its Order referred above is applicable in respect of any appeal which is required to be filed before the Joint Commissioner (Appeals), Appellate Authority for Advance Ruling, Tribunal and various courts against any quasi-judicial order or where proceeding for revision or rectification of any order is required to be undertaken, and is not applicable to any other proceedings under GST Laws.

RBI extends guidelines on LEI to Primary UCBs & NBFCs

April 21, 2022 1491 Views 0 comment Print

On a review, it has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs).

RBI directs UCBs to not to create any honorary positions/titles at Board level

April 21, 2022 450 Views 0 comment Print

UCBs are directed not to create any honorary positions/titles at Board level or confer such titles that are non-statutory in nature and to eliminate any such existing position/titles within one year from date of this circular.

Process flow for opening APY account through online & Offline Aadhaar

April 21, 2022 1206 Views 0 comment Print

Pension Fund Regulatory and Development Authority (PFRDA) CIRCULAR No. CIR No.: PFRDA/2022/08/SUP-CRA/02 | Dated: 21 April 2022 To, Prospective APY Subscribers, APY-SPs & other stake holders for information Subject: eAPY – Ease of onboarding through Aadhaar The Government of India introduced Atal Pension Yojana (APY) for a pension inclusive society wherein every Indian Citizen who […]

Clarification in respect of certain GST related issues

April 20, 2022 6939 Views 1 comment Print

Whether the first proviso to section 54(3) of UPSGST / CGST Act, prohibiting refund of unutilized ITC is applicable in case of exports of goods which are having NIL rate of export duty.

SEBI Streamlines Process of Public Issues & redressal of Investor grievances

April 20, 2022 891 Views 0 comment Print

The Circular provided a mechanism of compensation to investors for delay in unblocking of application amounts by SCSBs and has prescribed certain compliance and reporting standards to be adopted by SCSBs.

Salient features of Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022

April 20, 2022 15207 Views 1 comment Print

Maharashtra Settlement Arrears Tax, Interest, Penalty Late Fee Act, 2022 shall be applicable for the settlement of arrears of tax, interest, penalty and late fee under the various Acts administered by the Department. Arrears of tax, interest, penalty or late fee for the periods ending upto 30th June 2017

Clarification on refund of GST wrongfully collected & paid

April 20, 2022 10509 Views 0 comment Print

Refund under section 77 of the UPSGST Act / section: 19 of the IGST Act would not be available where the taxpayer has made tax adjustment through issuance of Credit note under section 34 of the UPSGST Act in respect of the said transaction’

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