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

October 17, 2017 702 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 636 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.

Transfer of Shares to IEPF Authority- Demat Account Details

October 16, 2017 9057 Views 1 comment Print

The IEPF Authority has opened demat accounts with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) through Punjab National Bank and SBICAP Securities Limited respectively, as Depository Participants . The details of said accounts are as under:

Distribution of GST Provisional Id and Access Token of Phase 14 dealers

October 13, 2017 726 Views 0 comment Print

Provisional Ids and Access Token of Phase 14 dealers, are now made available by GSTN. Dealer can obtain their Provisional Ids from department’s portal www.mahavat.gov.in, using their login credentials. The list of all such dealers is published under GST Tab on Mahavat portal.

Pilot Implementation of Paperless Processing under SWIFT

October 13, 2017 2880 Views 0 comment Print

Under CBEC Circular No. 10/2015 dated March 31, 2015, and Circular 26/2015 dated November 23, 2015, Bills of Entry are required to be submitted by authorized persons on ICEGATE after affixing their digital signatures.

Changes in Revised Application Form for Certificate of Coverage in respect of Indian Worker

October 13, 2017 4089 Views 0 comment Print

A few minor changes have since been made in the revised single application form to include the details of family members accompanying the employee abroad and the business activity (Industry, Trade Services) of his/her present employer in India to be incorporated if required .

Problem faced by Nepalese pensioners in private sector

October 12, 2017 654 Views 0 comment Print

Procedure to be adopted by Indian Banks who have branches in Nepal for submission of life certificates of Nepalese pensioners. The Bank Managers or authorized officials of Nepal SBI Bank Limited (NSBL)/Everest Bank Limited (EBL) located in Nepal may certify the physical copy of the Life certificate of the pensioners residing in Nepal and forward the same to the Pension Paying Branch of SBI/PNB respectively of the concerned pensioner in India.

Non-compliance with Minimum Public Shareholding – Action to be taken by Stock Exchanges

October 10, 2017 1659 Views 0 comment Print

In order to maintain consistency and uniformity of approach in the enforcement of MPS norms mandated under regulation 38 of the Listing Regulations, the below mentioned procedure shall be followed by the recognised stock exchanges/depositories, as applicable, with respect to non-compliant listed entities, their promoters and directors:

MGST: GST refund to UN Agencies and Diplomatic Authorities

October 9, 2017 1734 Views 0 comment Print

The UN agencies and the Diplomatic Authorities (notified) in Maharashtra were eligible for refund of VAT on purchases in Maharashtra. VAT refund claims for periods prior to 1st July 2017, shall be processed as per VAT provisions.

EPFO introduces free Aadhaar based e-Sign on its website

October 6, 2017 7704 Views 1 comment Print

EPFO has now introduced the free Aadhaar based e-Sign in addition to DSC to be used by Employers. It is very easy to use in comparison to DSC. Authorised signatory of establishments whose DSC is already registered can directly activate their e-Sign by providing Aadhaar at Unified Portal.

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