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Circulars

SEBI to provide two block deal windows (Morning & Afternoon)

October 26, 2017 1443 Views 0 comment Print

Based on the deliberations, it has been decided to revise the framework for block deals by providing two block deal windows as follows: 1. Morning Block Deal Window: This window shall operate between 08:45 AM to 09:00 AM.

Last date to file AOC-4 XBRL E-Forms using Ind AS extended to 31.03.2018

October 26, 2017 3756 Views 0 comment Print

All companies required to prepare or voluntarily preparing their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015 for financial year 2016-2017 are required to file their statements only in XBRL format.

CBDT extends due date for filing of Country-by-Country Report for 2016-17 to 31.03.2018

October 25, 2017 26520 Views 3 comments Print

Circular No. 26/2017 : Order under section 119 of the Income-tax Act, 1961 in respect of extension of due date for filing of Country-by-Country Report for reporting accounting year 2016-17

Clarification on approval of resolution plans U/s. 30 & 31 of IBC, 2016

October 25, 2017 2487 Views 0 comment Print

Clarification has been sought by stakeholders as to whether approval of shareholders/ members of the corporate debtor/ company is required for a resolution plan at any stage during the process for its consideration and approval as laid down under sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016

Clarification related to guidelines for establishing PoEM in India

October 23, 2017 4425 Views 0 comment Print

Para 7 of POEM guidelines provides that the place of effective management in case of a company engaged in active business outside India (ABOI) shall be presumed to be outside India if the majority meetings of the board of directors (BOD) of the company are held outside India.

Interest subvention scheme for Women SHGs – Year 2017-18

October 18, 2017 1032 Views 0 comment Print

Reserve Bank of India RBI/2017-18/80 FIDD.GSSD.CO.BC.No.17/09.01.03/2017-18 October 18, 2017 The Chairman / Managing Director Public and Private Sector Banks (As per list in Annexure II) Dear Sir / Madam, Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) – Aajeevika – Interest Subvention Scheme Please refer to our circular FIDD.GSSD.CO.BC.NO.13/09.01.03/2016-17 dated August 25, 2016 on […]

Reassignment of cases pending as on 30-6-2017 with Commissioner of Central Excise and Service Tax (Appeals)

October 17, 2017 3213 Views 0 comment Print

One such measure relates to the reduction of pendency at the level of Commissioner (Appeals) by redistributing the cases pending as on 30-6-2017 at this level. The intention is to redistribute the appeals pending as on 30-6-2017 in the jurisdiction of a Zone (with the Commissioners of Central Excise and Service Tax (Appeals)),

Procedure for insertion of New Director Name from back end

October 17, 2017 16776 Views 0 comment Print

Request letter signed by the Promoters/shareholders of the company explaining the facts and requesting for insertion of at least one director through back end of the MCA portal with the following attachments.

Amendment in SEBI (International Financial Services Centres) Guidelines, 2015

October 17, 2017 558 Views 0 comment Print

Any entity based in India or in a foreign jurisdiction may form a company in IFSC to act as a trading member of a stock exchange and/or a clearing member of a clearing corporation in IFSC.

Criteria for Settlement Mode of Commodity Derivative Contracts

October 16, 2017 462 Views 0 comment Print

In order to effectively discharge their hedging function, commodity derivative contracts must be anchored to their respective underlying physical markets. An appropriate settlement mode and/or presence of other supporting conditions play a crucial role in ensuring convergence of prices between the derivatives market and the spot market.

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