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Extension of Deferred payment of Customs duty benefits to `Authorised Public Undertakings’ – reg

August 19, 2020 1476 Views 0 comment Print

The facility of deferred payment of Customs import duty shall be governed by the Deferred Payment of Import Duty Rules, 2016, as amended. It is expected that the extension of this facility to the Authorised Public Undertakings shall expedite the Customs clearance of their imported goods at the Ports!Airports!ICDs.

Depositories to maintain Account & Records for 8 Years: SEBI

August 18, 2020 1701 Views 0 comment Print

Depositories and Depository Participants are required to preserve the records and documents for a minimum period of 8 years. In terms of Regulations 54 and 66 of the SEBI (Depositories and Participants) Regulations, 2018 (herein referred to as D&P Regulations, 2018) notified on October 03, 2018, Depositories and Depository Participants are required to preserve the records and documents for a minimum period of eight years

Loss Prevention & Minimization in General Insurance Industry- Report

August 18, 2020 1593 Views 0 comment Print

Keeping in view synergies involved and the need for collaboration between various stakeholders for effective loss prevention and minimization in the general insurance industry, the Authority had set up a Working Group to study the current scenario and make recommendations.

File GNL-1 for seeking extension of time in holding of AGM

August 17, 2020 26112 Views 0 comment Print

MCA has not given any extension for holding of AGM for the financial year ended as at 31.03.2020 and has only allowed holding of annual general meeting (AGM) through video conferencing (VC) or other audio visual means (OAVM). MCA has now clarified as below- 1. Companies can use relaxations in General Circular No. 20/2020, dated […]

Customs Procedure for manufacturing in special warehouses

August 17, 2020 2850 Views 0 comment Print

Circular No. 36/2020-Customs Procedure to be followed in cases of manufacturing or other operations undertaken in special warehouses under section 65 of the Customs Act

RBI revises guidelines applicable for Core Investment Companies

August 13, 2020 3939 Views 0 comment Print

Based on the recommendations of the WG and inputs received from stakeholders, it has been decided to revise the guidelines applicable for Core Investment Companies.

SEBI SOP- Handling of complaints by stock exchanges & Action for failure to redress investor complaints

August 13, 2020 2028 Views 0 comment Print

Investor grievances redressal mechanism – Handling of SCORES complaints by stock exchanges and Standard Operating Procedure for non-redressal of grievances by listed companies.

RBI decides to implement system-based asset classification in UCBs

August 12, 2020 1413 Views 0 comment Print

In order to improve the efficiency, transparency and integrity of the asset classification process, it has been decided to implement system-based asset classification in urban co-operative banks (UCBs).

SEBI provides Administrative support for Trustees of Mutual Funds

August 10, 2020 1200 Views 0 comment Print

SEBI, in its interactions with the Trustees had received feedback for providing administrative assistance to Trustees in monitoring various activities of the AMCs. Trustees shall appoint a dedicated officer having professional qualification and minimum 5 years of experience in finance and financial services related field.

Revised procedure for Import of Pets / Live Animals

August 10, 2020 4503 Views 0 comment Print

Procedure for import of Live Animals in general and also for import of pets (only Dogs and Cats) as baggage/Personal imports by Passengers. Following procedure shall be followed for clearance of pets/live animals including cats and dogs:

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