CBIC has decided to defer the implementation of Electronic Sealing-Deposit in and removal of goods from Customs Bonded Warehousing to 01st July, 2020 vide Circular No. 20/2020-Customs dated 21st April, 2020.
SEBI has extend the timelines for the following compliance requirements by their trading members / clearing members related to Submission towards weekly monitoring of client funds under the provisions of Enhanced Supervision, Submission of data on monthly basis towards clients’ and fund balance under the provisions of Enhanced Supervision, Daily margin trading reporting, Update in […]
SEBI had vide Circular No. SEBI/HO/CFD/CIR/CFD/DIL/67/2020 Dated April 21, 2020 provides Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Rights Issue that open on or before March 31, 2020. Relaxation are related to eligibility conditions related to Fast Track Rights Issues, Minimum Subscription and with […]
SEBI has extended validity of SEBI Observations and provided that a public issue/rights issue may be opened within twelve months from the date of issuance of observations by SEBI. It also permitted an issuer to increase or decrease the fresh issue size by up to 50% of the estimated issue size without requiring to file […]
As Exporters are facing genuine hard-ships due to the SB005 errors, it has now been decided to extend the facility of SB005 error correction in the Customs EDI system for Shipping Bills with date upto 31.12.2019 vide Circular No. 22/2020-Customs dated 21st April, 2020. Circular No. 22/2020-Customs F. No.450/119/2017-Cus IV Government of India Ministry of […]
Keeping in view the hardships faced by the people of Punjab on account of extension of curfew/lockdown up to 3rd May, 2020 and to mitigate the impact of COVID-19 pandemic, Hon’ble Chief Minister, Punjab has approved following relief measures for electricity consumers:
Several representations have been received from stakeholders with regard to difficulty in holding annual general meetings (AGMs) for companies whose financial year ended on 31st December, 2019 due to COVID-19 related social distancing norms and consequential restrictions linked thereto.
Banks are advised to extend benefit of Interest Subvention (IS) of 2% and Prompt Repayment Incentive (PRI) of 3% for short term crop loans upto ₹3 lakh to farmers whose accounts have become due or shall become due between March 1, 2020 and May 31, 2020. Reserve Bank of India RBI/2019-20/224 FIDD.CO.FSD.BC.No.24/05.02.001/2019-20 April 21, 2020 […]
Where the facility of payment of premiums in instalments is offered in respect of any product / products the same shall be offered to all policyholders without any discrimination and policyholders shall be also notified of the applicable conditions.
The interbank exposures arising from deposits placed by UCBs with a UCB under AID and their non-performing exposures arising from discounted bills drawn under LCs issued by a UCB under AID shall be fully provided within five years at the rate of 20% annually. Further, the interest receivable on the deposits shall not be recognised as income by the UCBs.
