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Last date to file AOC-4 XBRL E-Forms further extended to 31.05.2018

April 27, 2018 1425 Views 0 comment Print

Last date of filing of AOC-4 XBRL E-Forms using Ind AS under Companies Act, 2013 for financial year 2016-17, without additional fee till 31st May, 2018.

Monitoring of Foreign Investment limits in listed Indian companies- Revised system applicable from 18.05.2018

April 27, 2018 903 Views 0 comment Print

SEBI vide Circular No. IMD/FPIC/CIR/P/2018/61 dated April 5, 2018 introduced a new system for Monitoring of Foreign Investment limits in listed Indian companies and prescribed guidelines w.r.t the necessary infrastructure, data to be provided by listed Indian companies and other related matters.

Changes affecting operational aspects of FPI investments in debt

April 27, 2018 834 Views 1 comment Print

In terms of AP (DIR Series) Circular No. 22 dated April 6, 2018, the revised framework for Foreign Portfolio Investors (FPI) in debt was announced. It was further stated that a separate notification would be issued announcing other changes affecting operational aspects of FPI investments in debt, in consultation with SEBI.

Rationalisation of all-in-cost for ECB under all tracks and RDBs

April 27, 2018 1287 Views 0 comment Print

Rationalisation of all-in-cost for ECB under all tracks and Rupee denominated bonds (RDBs) : With a view to harmonising the extant provisions of Foreign Currency and Rupee ECBs and RDBs, it has been decided to stipulate a uniform all-in-cost ceiling of 450 basis points over the benchmark rate.

Condonation of Delay Scheme extended up to May 01, 2018: MCA

April 27, 2018 2574 Views 0 comment Print

As closing date of Condonation of Delay Scheme viz. 30.04.2018 is falling under gazetted holiday on account of ‘Budh Purnima’, therefore, Ministry of Corporate Affairs has decided to give one day extension of the said scheme i.e. upto 01.05.2018.

Import of EOUs/EHTP/STP /BTP without payment of duty

April 24, 2018 2427 Views 0 comment Print

Clarification on Import of EOUs/EHTP/STP /BTP without payment of duty following Rule 5 of Customs (Import of Goods at concessional rate of Duty) 2018

MGST: Procedure for detention, seizure and release of goods & conveyances in transit

April 23, 2018 4446 Views 0 comment Print

MGST procedure to be followed in case of interception of conveyances for inspection of goods in movement and detention, release and confiscation of such goods and conveyances.

Designation of special court in UP for trial of Company Law offences

April 23, 2018 771 Views 0 comment Print

High Court of Allahabad hereby designates the following Court mentioned in column (1) of the Table below as Special Court for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the said sub-section, namely:-

Provisions for Disciplinary Proceedings against Insolvency Professionals

April 23, 2018 1971 Views 0 comment Print

The Insolvency and Bankruptcy Code, 2016 (Code) envisages that an insolvency professional may be appointed as interim resolution professional, resolution professional, liquidator, or a bankruptcy trustee if no disciplinary proceeding is pending against him. Some of these provisions are extracted at Annexure A.

Pre-registration educational course under regulation 5(b) of IBBI (Insolvency Professionals) Regulations, 2016

April 23, 2018 2364 Views 0 comment Print

In terms of the IBBI (Insolvency Professionals) Regulations, 2016, an individual is eligible for registration as an insolvency professional, subject to meeting other requirements, if he has completed a pre-registration educational course, as may be required by the Board, from an insolvency professional agency (IPA) after his enrolment as a professional member.

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