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Circulars

Amendment in Schemes of Arrangement by Listed Entities

January 3, 2018 1287 Views 0 comment Print

Amendments to Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017- Para 7 of circular shall be replaced with following: The Provisions of this circular shall not apply to schemes which solely provides for merger of a wholly owned subsidiary or its division with the parent company. However, such draft schemes shall be filed with the Stock Exchanges for the purpose of disclosures and the Stock Exchanges shall disseminate the scheme documents on their websites.

SEBI amends circular levying Transaction Charges by Commodity Derivatives Exchanges

January 3, 2018 762 Views 0 comment Print

In consultation with the exchanges, clause ‘1 .b’ of the said SEBI Circular stands substituted as under: 1.b The Exchanges will ensure that the ratio between highest to lowest transaction charges in the turnover slab of any contract is not more than 2:1”.

All about 7.75% Savings (Taxable) Bonds, 2018

January 3, 2018 6021 Views 3 comments Print

It has been decided by the Government of India to issue 7.75% Savings (Taxable) Bonds, 2018 with effect from January 10, 2018 in terms of GoI notification F.No.4(28) – W&M/2017 dated January 03, 2018.

Insolvency professional to use Registration No. & Address in his communications

January 3, 2018 1365 Views 0 comment Print

In all his communications, whether by way of public announcement or otherwise to a stakeholder or to an authority, an insolvency professional shall prominently state: (i) his name, address and email, as registered with the IBBI, (ii) his Registration Number as an insolvency professional granted by the IBBI, and (iii) the capacity in which he is communicating

Insolvency professional not to outsource his responsibilities

January 3, 2018 2085 Views 0 comment Print

An insolvency resolution professional shall not outsource any of his duties and responsibilities under the Insolvency and Bankruptcy Code, 2016. He shall not require any certificate from another person certifying eligibility of a resolution applicant.

Insolvency professional to ensure compliance with applicable laws

January 3, 2018 1578 Views 0 comment Print

While acting as an Interim Resolution Professional, a Resolution Professional, or a Liquidator for a corporate person under the Insolvency and Bankruptcy Code, 2016, an insolvency professional shall exercise reasonable care and diligence and take all necessary steps to ensure that the corporate person undergoing any process under the Code complies with the applicable laws.

Manual claim filing / processing of GST refund of excess balance in e-cash ledger

January 1, 2018 15111 Views 2 comments Print

The registered taxable person who desires to get the refund of excess balance in the electronic cash ledger is required to file application manually in FORM GST RFD-01A (as notified in the MGST Rules vide notification No. 55/2017 -State tax dated 15.11.2017. All the details in the said form is to be filled appropriately.

CBEC declares new centers for sale of seized / confiscated gold

January 1, 2018 1263 Views 0 comment Print

In addition to the centre(s), viz, Mumbai, New Delhi, Calcutta, Chennai, Ahmedabad, Jaipur, Cochin, Bangalore and Shillong, the sale of seized / confiscated gold found ripe for disposal can be done at all the centres of State Bank of India, all Public Sector Banks (approved by RBI to import and sell gold), MMTC Ltd. and STC Ltd which also have authorisation from their competent authorities / head offices to dispose/sell the seized/confiscated gold handed over to them.

Maharashtra Profession Tax: Exemption from payment of Late Fees

December 30, 2017 3561 Views 0 comment Print

Office of Commissioner of Profession Tax, Maharashtra State, 8th Floor, GST Bhavan, Mazgaon, Mumbai – 400010. TRADE CIRCULAR No: ACST/VAT-3/PT/Late-fee-waiver/61/2017/B-2002, Trade Circular No. 57T of 2017 Mumbai, Dt : 30/12/2017 Sub: Exemption from payment of Late Fees U/s 6(3) of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act 1975 Ref: 1) Trade […]

Distribution of GST Provisional ID & Access Token of Phase 17 Taxpayers

December 30, 2017 879 Views 0 comment Print

Provisional IDs and Access Token of Phase 17 taxpayers, are now made available by GSTN. Taxpayer can obtain their Provisional IDs from department’s portal www.mahavat.gov.in, using their login credentials. This list of all such taxpayers is published under GST Tab on Mahavat portal as well as on Mahagst portal.

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