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Circulars

SEBI: Online Filing System for Alternative Investment Funds

July 31, 2017 1479 Views 0 comment Print

In a constant endeavor to facilitate ease of operations in terms of applying for registration, reporting and various compliances under SEBI (Alternative Investment Funds) Regulations, 2012 (hereinafter referred to as ‘AIF Regulations’), SEBI has introduced an online system for filings related to Alternative Investment Funds (AIF). The online system can be used for application for registration, reporting and filing in terms of the provisions of AIF Regulations and circulars issued thereunder.

FTP: Guidelines on monitoring /revalidation of Bank Guarantee-regarding

July 28, 2017 2214 Views 0 comment Print

It appears that BGs are not being properly monitored by the Regional Authorities of DGFT. Foreign Trade Policy and the Foreign Trade Procedures (Vol.I) provide for furnishing of BG.

DVAT: Due date extended to 17/08/2017 for Filing Q1 returns of 2017-18

July 28, 2017 8196 Views 1 comment Print

I do hereby extend the last date of filing of online/hard copy of first quarter return for the year 2017-18, in Form DVAT­16, DVAT-17 and DVAT-48 along with required annexure/enclosures up to 17/08/2017,

SEBI (International Financial Services Centres) Guidelines, 2015–Amendments

July 27, 2017 1911 Views 0 comment Print

In order to further streamline the operations at IFSC, based on the internal discussions and consultations held with the stakeholders, it has been decided to amend provisions of the aforesaid guidelines, which are as follows

Clarification on Exports under claim for drawback in GST scenario

July 27, 2017 5721 Views 0 comment Print

As you are aware, the higher All Industry Rates (AIRs) under Duty Drawback scheme viz. rates and caps available under columns (4) and (5) of the Schedule of All Industry Rates of Duty Drawback have been continued for a transition period of three months i.e. 1.7.2017 to 30.9.2017

Reg. Private company exemption from internal financial control reporting

July 25, 2017 3453 Views 0 comment Print

Stakeholders have drawn attention of this Ministry to the serial no. 5 of notification No. G.S.R. 583(E) dated 13th June, 2017 which states that requirements of reporting under section 143(3)(i) of the Companies Act, 2013 shall not apply to certain private companies as mentioned therein and have sought clarification w.r.t. the financial year(s) in respect of which the said exemption shall be applicable.

Extending SWIFT in Exports with WCCB to all EDI locations- reg.

July 25, 2017 867 Views 0 comment Print

It has now been decided to extend online referral of WCCB to all Customs EDI locations with effect from 31st July, 2017. The mapping of Customs EDI locations to WCCB offices shall remain the same as it was for imports.

SEBI notifies Position Limits for Agricultural Commodity Derivatives

July 25, 2017 855 Views 0 comment Print

SEBI vide its circular No. CDMRD/DMP/CIR/P/2016/96 dated September 27, 2016 had updated and consolidated norms with regard to position limits of commodity derivatives including commodity-wise numerical value of overall client level open position limits.

FAQs on computation of book profit to levy MAT for Ind AS companies

July 25, 2017 12438 Views 0 comment Print

Clarifications with FAQs on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies.

EPFO: Implementation of e-court software- revised procedure

July 24, 2017 1899 Views 0 comment Print

As you are aware, in the e-court software the allotment of 7A & 14B cases among assessing authorities is automatic so as to ensure that the workload is spread uniformly and cases are allotted randomly.

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