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Circulars

EPFO: Revised delegation of financial powers for claim settlement

May 1, 2017 3885 Views 0 comment Print

Since the settlement of claim is done from two different schemes/accounts (A/c-1 for F-19 and A/c-10 for F-10C), for accounting & reporting purpose, two separate receipt numbers are required and may be entered on the single composite claim form. The member would be required to submit a single Composite Claim Form.

SC Guideline for Listing of urgent matters during Vacations

May 1, 2017 1014 Views 0 comment Print

It is hereby notified for the information of all concerned that the following norms/guidelines have been laid down for listing of urgent matters during the ensuing vacation viz. from 11.5.2017 to 2.7.2017 :

24 Hour Presence of Excise officers in cigarette factories is not mandatory

May 1, 2017 4833 Views 2 comments Print

Representations have been received from the field formations and members of the trade and industry regarding practicality of round-the-clock posting of Central Excise officers in the cigarette manufacturing units. In terms of para 10 of instructions dated 24.12.2008 issued vide F. No. 224/37/2005-CX.6, read with para 2.2 of Chapter 4 of the CBEC Manual, mandatory, round-the-clock presence of Central Excise officer in the factory has been prescribed to ensure that the goods are not removed without his authorisation and also exercise supervision and control over operations as per instructions contained in the Commodity Manual for cigarettes. In view of the limited number of officers posted in the range, problems are being faced to post officers in the cigarette manufacturing units round the clock, resulting in delays in production/ clearance of goods.

RBI Guidelines on Merchant Acquisition for Card Transactions

April 28, 2017 993 Views 0 comment Print

All co-operative banks not intending to act as Point of Sale (POS) acquiring bank are permitted to deploy third party POS terminals without prior approval of Reserve Bank of India (RBI) subject to the bank fulfilling the following criteria:

SEBI Circular on disclosure of executive remuneration by Mutual Funds

April 28, 2017 1377 Views 0 comment Print

This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the provision of regulation 77 of SEBI (Mutual Funds) Regulations, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

File Formats for Transfer of Shares to demat account of IEPF Authority

April 28, 2017 2076 Views 0 comment Print

Attention of Issuers/ R&T Agents is invited to Notification dated February 28, 2017 issued by Ministry of Corporate Affairs (MCA) notifying the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017 (Copy enclosed as Annexure 1)

DVAT return filing due date for 4th quarter extended to May 15, 2017

April 28, 2017 2430 Views 0 comment Print

Hereby extend the last date of filing of online/hard copy of fourth quarter return for the year 2016-17, in Form DVAT-T6 ,DVAT-17 and DVAT-48 along with required annexure/enclosures up to 15/05/2017.

Don’t rely merely on Head Notes / Placitum of Law Journals: HC

April 27, 2017 3762 Views 0 comment Print

During the assessment of judgments of Judicial Officers, it is noticed that many Judicial Officers have reproduced the Head Note/Placitum from the relevant Journals relating to High Court/ Supreme Court judgments. Needless to mention that the Head Note is a creation of the Edition Board.

Transfer of Shares to IEPF Authority

April 27, 2017 1845 Views 0 comment Print

All companies required to transfer shares to IEPF Authority under the aforesaid Rules shall transfer such shares, whether held in dematerialised form or physical form,to the demat account of IEPF Authority by way of corporate action.

IBU in IFSC can act as a Trading Member of an exchange

April 27, 2017 711 Views 0 comment Print

IFSC Banking Unit (IBU) set up in IFSC shall be permitted to act as a Trading Member of an exchange or a Professional Clearing Member of a clearing corporation in IFSC, without forming a separate company,

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