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Circulars

Withdrawal of circulars on Recovery of excess pension made to pensioners

January 21, 2021 549 Views 0 comment Print

It has been brought to the notice of RBI that the recovery of excess /wrong pension payments from the pensioners are being made in a manner that is not in keeping with the extant guidelines / Court orders.

Strict compliance to Limitation while filing Appeals/Petitions before Courts/ Tribunal -reg

January 19, 2021 978 Views 0 comment Print

Despite the same, appeals/ petitions are being filed before High Courts and Supreme Court belatedly, highlighting no extra-ordinary circumstances while filing Condonation of Delay Applications.

Posting of staff at Customs areas & collection of Cost Recovery Charges

January 19, 2021 7608 Views 0 comment Print

The undersigned is directed to draw your kind attention to various circulars and letters which deal with the matters relating to the posting of officers and staff at Customs areas and collection of the Cost Recovery Charges thereof, as tabulated below.

SEBI: Relaxations relating to procedural matters –Issues & Listing

January 19, 2021 1347 Views 0 comment Print

SEBI vide Circular no. SEBI/HO/CFD/DIL2/CIR/P/2020/78 dated May 6, 2020 granted one time relaxations from strict enforcement of certain Regulations of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, pertaining to Rights Issue opening upto July 31, 2020.

Report of Committee for standardization of professional indemnity insurance policy – Insurance intermediaries

January 19, 2021 972 Views 0 comment Print

The Committee has submitted its report in which it has made recommendations with regard to preparation of standard professional indemnity policy which covers all the contingencies and conditions (retroactive date, indemnity limits, excess, etc) mentioned in the regulations which can be issued by all insurers.

Instructions for conduct of quasi judicial proceedings under EPF & MP Act, 1952

January 19, 2021 1437 Views 0 comment Print

All quasi judicial proceedings under the EPF & MP Act, 1952 for which functionality has been created in the ‘e proceedings portal’ must be conducted through the portal. If conduct of proceedings is not possible in any case through the portal for functional or technical reasons must be brought to the notice of the concerned Zonal Offices.

Report to link motor insurance premium with traffic violation

January 18, 2021 573 Views 0 comment Print

Report of the Working Group (WG) to examine and recommend linking of motor insurance premium with traffic violations. A Working Group was set up by the Authority vide order Ref: IRDAI/NL/ORD/MISC/153/09/2019 dated 6th September, 2019 to examine and recommend linking of motor insurance premium with traffic violations.

New MCA Scheme for condonation of delay for certain companies

January 15, 2021 6891 Views 3 comments Print

Scheme for condonation of delay for companies restored on the Register of Companies between 01 December 2020 and 31 December 2020,  under section 252 of the Companies Act, 2013

Relaxation from compliance of SEBI (LODR) Regulations

January 15, 2021 4365 Views 0 comment Print

MCA vide Circular dated December 31, 2020 has further extended relaxations to companies to conduct their Extraordinary General Meeting (EGM) through Video Conferencing (VC) or through other audio-visual means (OAVM) (hereinafter referred to in this circular as ‘electronic mode’) upto June 30, 2021.

Norms for investment & disclosure by Mutual Funds in ETCDs

January 15, 2021 441 Views 0 comment Print

a. Short position in Exchange Traded Commodity Derivatives (ETCDs) not exceeding the holding of the underlying goods received in physical settlement of ETCD contracts. b. Short position in ETCDs not exceeding the long position in ETCDs on the same goods.

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