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Circulars

Designation of special court in UP for trial of Company Law offences

April 23, 2018 912 Views 0 comment Print

High Court of Allahabad hereby designates the following Court mentioned in column (1) of the Table below as Special Court for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the said sub-section, namely:-

Provisions for Disciplinary Proceedings against Insolvency Professionals

April 23, 2018 2280 Views 0 comment Print

The Insolvency and Bankruptcy Code, 2016 (Code) envisages that an insolvency professional may be appointed as interim resolution professional, resolution professional, liquidator, or a bankruptcy trustee if no disciplinary proceeding is pending against him. Some of these provisions are extracted at Annexure A.

Pre-registration educational course under regulation 5(b) of IBBI (Insolvency Professionals) Regulations, 2016

April 23, 2018 2610 Views 0 comment Print

In terms of the IBBI (Insolvency Professionals) Regulations, 2016, an individual is eligible for registration as an insolvency professional, subject to meeting other requirements, if he has completed a pre-registration educational course, as may be required by the Board, from an insolvency professional agency (IPA) after his enrolment as a professional member.

Strengthening Guidelines & Raising Industry standards for RTA, Issuer Companies & Banker to an Issue

April 20, 2018 6156 Views 0 comment Print

These guidelines cover the following broad areas: i. Provisions with respect to Payment of Dividend/interest/redemption/ redemption ii. Provisions with respect to Transfer/Transmission/ Correction of errors etc. iii. Compulsory internal audit of RTAs

Remnant fuels classifiable under heading 2710

April 19, 2018 1734 Views 0 comment Print

Kind attention is invited to the Board circular No. 37/96-customs dated 3.7.1996 on the above subject. In the said circular, Board had inter-alia clarified that in the case of a vessel brought for ship breaking, the remnant fuel and oil (other than fuel and oil contained in the vessels machinery and engines), ships stores etc. are classifiable separately in their appropriate headings and not in CTH 8908.

Format of Annual Compliance Certificate for Insolvency Professional Agencies

April 19, 2018 2316 Views 0 comment Print

IBBI, in consultation with IPAs, has devised the format of ANNUAL COMPLIANCE CERTIFICATE(Annexure A) to be submitted by the IPAs to the IBBI and to be displayed on its website within 45 days of the closure of the financial year.

Amendment to SEBI (STP Centralised Hub and STP Service Providers) Guidelines, 2004

April 17, 2018 963 Views 0 comment Print

The Board has amended the sub-clause (2) of the clause 3 of the SEBI (STP Centralised Hub and STP Service Providers) Guidelines, 2004 by inserting the following new sub-clause, namely,- “iii. whether the applicant is a fit and proper person based on the criteria specified in Schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.”

Difficulties faced by taxpayers due to technical glitches on GST portal

April 17, 2018 5292 Views 0 comment Print

Department of Revenue, Government of India vide a circular No. 39/13/2018 dated 3rd April 2018 has put in place an IT —Grievance Redressal Mechanism to address the difficulties faced by a section of taxpayers owing to technical glitches on the GST portal and the relief that needs to be given to them.

Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines

April 13, 2018 891 Views 0 comment Print

Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines-Application forms from investors will be received at branches during normal banking hours from April 16, 2018 to April 20, 2018.

All about Sovereign Gold Bond Scheme 2018-19 Series I

April 13, 2018 1227 Views 0 comment Print

The Bonds under All about Sovereign Gold Bond Scheme 2018-19 Series I may be held by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual.

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