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Circulars

Clearance of import of metal scrap – Procedure – Regarding

November 29, 2019 4320 Views 0 comment Print

Certain field formations have raised doubts regarding treatment of consignments of metal scrap till such time scanning facilities are installed at the gateway ports.

Auto Out of Charge under Express Cargo Clearance System (ECCS)

November 29, 2019 3879 Views 0 comment Print

Briefly, courier Bills of Entry (CBE) filed for clearance of imported cargo under ECCS are subjected to Risk Management System. The Risk Management Server either facilitates or interdicts a Courier Bill of Entry (CBE). The facilitated CBEs after payment of duty, if any are diverted for X-ray screening before final out of charge.

SEBI notifies Permissible Jurisdictions for issuance of Depository Receipts

November 28, 2019 1584 Views 0 comment Print

Listed company shall be permitted to issue permissible securities or transfer Permissible Securities of existing holders, for the purpose of issue of DRs, only in Permissible Jurisdictions and said DRs shall be listed on any of the specified International Exchange(s) of the Permissible Jurisdiction.

SEBI allows Clearing Corporations to invest in Overnight Funds

November 28, 2019 327 Views 0 comment Print

SEBI decided to permit the Clearing Corporations to make investments in Overnight Funds; however, the combined investments made by Clearing Corporations in Liquid Funds and Overnight Funds shall not exceed a limit of ten percent of the total investible resources. Further, the investments in Overnight Funds shall also be considered as ‘Liquid Assets’, for the purpose of calculation of Net worth of a Clearing Corporation.

MVAT on Unmanufactured tobacco, sold in sealed packets under brand name

November 28, 2019 1317 Views 0 comment Print

Guidelines are given to the assessing & appellate authorities, handling cases of dealers, dealing in unmanufactured tobacco, sold in packets under a brand name, in view of the Bombay High Court judgment in the case of M/s Amar Agencies & others.

IRDAI : Extension of time/withdrawal of existing products

November 28, 2019 1044 Views 0 comment Print

Authority has received representations from Life Insurance Council and various life insurers requesting for extension of the timelines referred in the quoted circulars citing reasons of ensuring system preparedness and training of personnel required.  On considering the same

Pr. DG/DG DRI can appoint Pr. Commissioner/ Commissioner of Customs as adjudicating authorities

November 28, 2019 1359 Views 0 comment Print

Pr. DG/DG DRI to appoint officers of the rank of Principal Commissioner/ Commissioner of Customs as adjudicating authorities in respect of specified cases. This would be in addition to the authority to appoint Additional Director General (Adjudication) as an adjudicating authority.

Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 – Amendment

November 28, 2019 1194 Views 0 comment Print

These Directions shall be called as the Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 and shall supersede all other directions issued on the subject and covered by these regulations.

Extension of last date of filing MGT-7 & AOC-4 | J&K & Ladakh

November 28, 2019 966 Views 0 comment Print

Relaxation of additional fees and extension of last date in filing of forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act, 2013- UT of J&K and UT of Ladakh

Extension of last date of filing Form PAS-6

November 28, 2019 7734 Views 0 comment Print

Time limit for filing Form PAS-6 without additional fees for the half-year ended on 30.09.2019 will be sixty days from the date of deployment of this form on the website of the Ministry. General Circular No. 16/2019 F. No. 01/21/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. […]

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