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Circulars

Draft IRDA (Preparation of Financial Statements of Insurers) Regulations, 2017

March 15, 2017 3393 Views 0 comment Print

In order to address the implementation issues, the Authority had constituted the Implementation Group on Ind-AS in Insurance Sector in India. The group has submitted its report on 30th December 2016.

Existence of deposit in bank not mandatory on PMGKY payment date

March 14, 2017 7029 Views 0 comment Print

Representations received seeking clarification as to whether deposits made in bank account or cash in hand which are eligible for being declared under the PMGKY Scheme should exist on the date of filing of declaration under the Scheme.

EPF contribution exemption to Singapore citizens working in India

March 14, 2017 1980 Views 0 comment Print

Special Provision in respect of International Workers– Exemption granted under the Comprehensive Economic Cooperation Agreement between the Republic of India and the Republic of Singapore (CECA-2005) to Singapore citizens working in India from contributing to social security schemes in India – Clarification regarding.

IRDA guidelines for investment in Units of REITs / InvITs

March 14, 2017 1137 Views 0 comment Print

Insurers can invest in Units of REITs / InvITs which conform to the following: i. The REIT /InvIT rated not less than AA shall form part of Approved Investments. REIT / InvIT rated less than AA shall form part of Other Investments.

CBEC Master Circular on Show Cause Notice, Adjudication & Recovery

March 10, 2017 65232 Views 1 comment Print

The master circular is divided into four parts. Part I deals with Show Cause Notice related issues, Part II deals with issues related to Adjudication proceedings, Part III deals with closure of proceedings and recovery of duty and Part IV deals with miscellaneous issues.

Redress investor’s complaint within 15 days: SEBI

March 10, 2017 1305 Views 0 comment Print

Redressal of complaints against Stock Brokers and Depository Participants through SEBI Complaints Redress System (SCORES)’ within 15 days.

Requirements for submission of Scheme of M&A for sanction by NCLT

March 10, 2017 4836 Views 0 comment Print

Regulation 11 of the listing regulations, inter-alia, provides that any scheme of arrangement / amalgamation / merger / reconstruction / reduction of capital etc. to be presented to any Court or Tribunal does not in any way violate, override or limit the provisions of securities laws or requirements of the Stock Exchanges

IRDA Guidelines on Insurance e-commerce

March 9, 2017 11013 Views 0 comment Print

The Chief Executive Officer and the compliance officer of applicant’s ISNP shall file with the Authority annually a compliance certificate certifying that the information displayed on the webs-site, the processes, procedures and any other mechanism by whatever name called. displayed and implemented on the platform were in compliance to the these guidelines at all times.

Extension of Due date to activate account on GST Portal for Maharashtra VAT Dealers

March 8, 2017 2844 Views 0 comment Print

Many communications have been received from the trade for the extension of dates, as some of them have faced difficulties while obtaining Provisional Ids or activating their accounts on GST Portal. So, as per the communication received from GSTN, and as per request from the Trade, the date for disabling Provisional Ids is now extended upto 15-03-2017.

DVAT 3rd quarter of 2016-17 Online Return Filing due date extended to 17/03/2017

March 8, 2017 1479 Views 0 comment Print

Delhi Value Added Tax Rules, 2005, I, H. Rajesh Prasad, Commissioner, Value Added Tax, do hereby extend the last date of filing of online/hard copy of third quarter return for the year 2016-17, in Form DVAT-16 ,DVAT-17 and DVAT-48 along with required annexure/enclosures to 17.03.2017.

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