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RBI extends Interest Equalization Scheme for pre & post shipment Rupee export credit

May 13, 2020 1329 Views 0 comment Print

Government of India has approved the extension of Interest Equalization Scheme for pre and post shipment Rupee export credit, with same scope and coverage, for one more year i.e. upto March 31, 2021. The extension shall take effect from April 01, 2020 and end on March 31, 2021 covering a period of one year.

Additional relaxation from compliance with SEBI LODR Regulations

May 12, 2020 11538 Views 0 comment Print

SEBI vide Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated 12th May, 2020  provided Additional relaxation in relation to compliance with certain provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 – Covid-19 pandemic. Full text of the SEBI Circular is as follows:- Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/CMD1/CIR/P/2020/79 May 12, 2020 To All listed entities […]

Entities permitted to undertake e-KYC Aadhaar Authentication service of UIDAI in Securities Market

May 12, 2020 1185 Views 0 comment Print

The above listed entities shall get registered with UIDAI as KYC user agency (“KUA”) and shall allow SEBI registered intermediaries / mutual fund distributors to undertake Aadhaar Authentication in respect of their clients for the purpose of KYC. The SEBI registered intermediaries / mutual fund distributor

Dispatch of notice by listed companies for rights issue- MCA clarifies

May 11, 2020 2154 Views 0 comment Print

MCA Clarification on dispatch of notice under section 62(2) of Companies Act, 2013 by listed companies for rights issue opening upto 31st July, 2020 vide General Circular No. 21/2020 Dated: 11th May, 2020. General Circular No. 21/2020 F. No. 2/4/2020-CL-V Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. […]

Undertaking in lieu of bond allowed for Custom Clearance till 30.05.2020

May 11, 2020 1386 Views 0 comment Print

CBIC has decided to further extend the facility of accepting undertaking in lieu of bond for the period till 30.05.2020. Consequently, the date for submission of proper bond in lieu of which the undertaking is being temporarily accepted is extended till 15.06.2020.

Clarification in respect of residency – section 6 of Income-tax Act, 1961​

May 8, 2020 8541 Views 2 comments Print

CBDT issues Circular No. 11 of 2020 and excluded period of forced stay in India from 22nd March, 2020 to 31st March, 2020 in computation of residential status in India for Financial Year 2019-20. Circular No. 11 of 2020 F. No. 370142/18/2020-TPI, Government of India Ministry of Finance Department of Revenue Central Board of Direct […]

CBIC clarifies on Issues related to IBC, GST ITC-04 & Supply to merchant exporter

May 6, 2020 7200 Views 0 comment Print

IRP/RP are facing difficulty in obtaining registrations during the period of the lockdown and have requested to increase the time for obtaining registration from the present 30 days limit.

SEBI Relaxations relating to Rights Issue procedural matters

May 6, 2020 2265 Views 0 comment Print

Securities and Exchange Broad of India CIRCULAR SEBI/HO/CFD/DIL2/CIR/P/2020/78 May 06, 2020 To All Registered Merchant Bankers All Recognized Stock Exchanges All Registered Registrars to an Issue All Self Certified Syndicate Banks All listed entities All entities who propose to list specified securities Dear Sir/Madam, Sub: Relaxations relating to procedural matters – Issues and Listing 1. […]

MCA clarifies on holding of Digital AGM through VC or OAVM

May 5, 2020 64614 Views 0 comment Print

MCA clarifies on holding of Digital AGM through VC or OAVM For companies which are required to provide the facility of e-voting under the Act, or any other company which has opted for such facility and For companies which are not required to provide the facility of e-voting.

SEBI Notification on capital & debt market services wef May 04, 2020

May 3, 2020 741 Views 0 comment Print

The Ministry of Home Affairs vide Order No.40-3/2020-DM-I(A)dated May 01,2020 has  issued revised guidelines on the measures to be taken for containment of COVID-19 in the country and directed that these measures will continue to remain in force for two weeks with effect from May 04, 2020. Accordingly,in terms of clause 10 of the said guidelines,the Notification dated April 15, 2020 issued by SEBI will continue to remain in force for two weeks with effect from May 04, 2020.

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