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Circulars

Revised Haircut on Central Govt Securities accepted as Collateral

February 21, 2019 1179 Views 0 comment Print

It has been decided to revise the minimum haircuts applicable to the Central Government securities deposited by clearing members. Accordingly, Para 2 of Annexure – I to the Circular stands modified as far as it relates to the haircut on Central Government Securities, as under:

Interest Subvention Scheme for MSMEs

February 21, 2019 5253 Views 0 comment Print

The Scheme aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for a period of two financial years FY 2019 and FY 2020.

CBIC Rescinds Circular No. 132/95-Customs dated 22.12.1995

February 20, 2019 846 Views 0 comment Print

Board vide its Circular No. 35/2016-Customs dated 29thJuly, 2016, has already removed the mandatory warehousing requirements for EOUs, STPIs, EHTPs etc. Further, the said Circular clarified that all these units shall stand delicensed as warehouses under Customs Act, 1962, with effect from 13th August, 2016. Therefore, section 65 of the Customs Act, is no longer applicable to EOUs, STPIs, EHTPs etc. In view of above, the Circular-132/95-Customs dated 22″d December, 1995, is rescinded to avoid any misinterpretation.

Amendments to All Industry Rates of Duty Drawback wef 20.02.2019

February 20, 2019 8604 Views 1 comment Print

Government has made certain amendments in the AIRs of Duty Drawback vide Notification No. 12/2019-Customs (N.T.) dated 16.02.2019. These changes are effective from 20.02.2019.

BSE Circular on Deficiencies in disclosures related to Pledge of Shares

February 19, 2019 888 Views 0 comment Print

Bombay Stock Exchange Circulars to Listed Companies LIST/COMP/43/2018-19 February 19, 2019 Dear Sir/Madam, Subject: Deficiencies in disclosures related to Pledge of Shares Regulation 31 of SEBI (Substantial Acquisition of shares and takeovers) Regulation, 2011 requires the promoter of every company to disclose the details of shares in that company, when the shares held by these promoters […]

NSE Circular on Deficiencies in disclosures related to Pledge of Shares

February 18, 2019 342 Views 0 comment Print

You are requested to intimate your promoters to comply with the SEBI (Substantial Acquisition of shares and takeovers) Regulation, 2011 and SEBI Circular dated August 05, 2015 for any filing made by your Promoters henceforth.

Investment by Foreign Portfolio Investors (FPI) in Debt

February 15, 2019 498 Views 0 comment Print

As announced in paragraph 10 of the Statement on Developmental and Regulatory Policies of the Sixth Bi-monthly Monetary Policy Statement for 2018-19 dated February 07, 2019, in order to encourage a wider spectrum of investors to access the Indian corporate debt market, it has been decided to withdraw this provision with immediate effect.

SEBI Advisory Committee at Market Infrastructure Institutions (MIIs)

February 15, 2019 573 Views 0 comment Print

Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD/DOP2DSA2/CIR/P/2019/31 February 15, 2019 To All Stock Exchanges, Clearing Corporations and Depositories. Sir/ Madam, Subject: Advisory Committee at Market Infrastructure Institutions (MIIs) 1. SEBI, vide circular no. SEBI/HO/MRD/DOP2DSA2/CIR/P/2019/13 dated January 10, 2019, inter alia provided functions, composition and quorum of the seven statutory committees at Market Infrastructure Institutions […]

DGFT Withdraws Trade Circular No. 47T of 2017 dt. 17th Nov 2017

February 14, 2019 930 Views 0 comment Print

You may recall that the Trade Circular No. 47T of 2017 dated 17th November 2017 was issued to clarify the inter-State purchases against the declaration under the Central Sales Tax Act. The said Trade Circular stands withdrawn .

Discontinuation of physical copy of Advance /EPCG Authorisations

February 14, 2019 3609 Views 0 comment Print

In order to improve ease of doing business and improving online transactions, it has been decided to discontinue issue of physical copy of Advance/EPCG Authorisations issued on or after 01.03.2019 by Regional Authorities, in respect of EDI ports

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