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Kerala VAT- Amnesty scheme-2020 for settlement of arrears – Further instructions

September 15, 2020 12906 Views 1 comment Print

Office of the Commissioner of State Goods and Services Tax Department, Government of Kerala, Thiruvananthapuram No. CT/01/2020-C1 Dated 15/09/2020 Circular No. 9/ 2020 Sub: Amesty scheme-2020 for settlement of arrears – further instructions issued – Reg: Ref: 1. Kerala Finance Bill, 2020. 2. Circular No. 2/2020, dated 04/04/2020. 3. Kerala Finance Act, 2020. Based on […]

e-Submission & e-Hearing in MVAT Assessment Proceedings

September 14, 2020 4650 Views 0 comment Print

MGSTD has made available the facility to carry e-Submission & e-Hearing in MVAT Assessment Proceedings electronically, wherein the officers as well as dealers would be able to carry out their part of the assessment process without personal attendance.

Automation of Income Recognition, Asset Classification and Provisioning processes in banks

September 14, 2020 4119 Views 0 comment Print

In order to ensure the completeness and integrity of the automated Asset Classification (classification of advances/investments as NPA/NPI and their upgradation), Provisioning calculation and Income Recognition processes, banks are advised to put in place / upgrade their systems to conform to the following guidelines latest by June 30, 2021.

SEBI modifies scheme characteristics of Multi Cap Fund

September 11, 2020 801 Views 0 comment Print

In order to diversify the underlying investments of Multi Cap Funds across the large, mid and small cap companies and be true to label, it has been decided to partially modify the scheme characteristics of Multi Cap Fund

Compliance functions in banks and Role of CCO

September 11, 2020 3246 Views 0 comment Print

The following guidelines are meant to bring uniformity in approach followed by banks, as also to align the supervisory expectations on CCOs with best practices.

Extension of Last Date of Filing Cost Audit Report for FY 2019-20

September 10, 2020 9009 Views 0 comment Print

It has been decided that if cost audit report for the financial year 2019-20 by the cost auditor to the Board of Directors of the companies is submitted by 30th November, 2020

Exemption from issuing Insurance policy document in Physical Form

September 10, 2020 1527 Views 0 comment Print

IRDA hereby grants exemption to insurers from the requirement of (a) issuing policy document and (b) copy of the proposal in physical form in respect of the following, subject to insurers complying with certain requirements as stated in Para 3 of this circular.

Exemption from Issue of health insurance policies in Physical Form

September 10, 2020 1443 Views 0 comment Print

Insurers shall send the Health Insurance policy document and a copy of the proposal form through digital/electronic mode. They shall be sent to the registered e-mail id or mobile number provided by the customer only on the specific consent provided by the policyholder.

Operating Guidelines for Portfolio Managers in IFSC

September 9, 2020 1416 Views 0 comment Print

Based on the representations received from various stakeholders, it has been decided to put in place ‘Operating Guidelines for Portfolio Managers in IFSC’. The same is annexed herewith.

SEBI automates disclosures under PIT Regulations for members of promoter group

September 9, 2020 5727 Views 0 comment Print

It has now been decided to implement the system driven disclosures for member(s) of promoter group and designated person(s) in addition to the promoter(s) and director(s) of company (hereinafter collectively referred to as entities) under Regulation 7(2) of PIT Regulations.

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