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Circulars

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

March 10, 2017 5547 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 13560 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 3000 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 1707 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.

Approach on un-reconciled, unsettled outstanding reinsurance balances as on 31.03.2014

March 8, 2017 1545 Views 0 comment Print

If the reinsurance/ composite broker has un-reconciled outstanding unsettled clients money lying with them, they shall transfer the same in a separate bank account under intimation to the Authority with full details of the bank account.

Delhi VAT: De-sealing of Business Premises during Survey

March 8, 2017 1464 Views 0 comment Print

If the Dealer concerned whose business premise has been sealed does not turn up for de-sealing of the same within a reasonable time, then he should be intimated through a notice, at his last known address, regarding De-sealing process to be undertaken.

Prosecution for offences punishable under Customs Act, 1962

March 6, 2017 6384 Views 0 comment Print

Reportedly, one of the factors leading to delays in launching of prosecution is lack of clarity regarding the role of Directorate General of Revenue Intelligence (DGRI) vis-а-vis Customs field formations as to who should submit the investigation report and who should launch prosecution.

Procedure for Transfer from RPF / Superannuation fund to NPS

March 6, 2017 9207 Views 0 comment Print

Clarification on Transfer of amount from recognised Provident Fund/Superannuation fund to National Pension System (Applicable for the individual employees)

GST Migration: Provisional Ids & Access Token of Phase 3 VAT dealer in Maharashtra Reg.

March 4, 2017 2565 Views 0 comment Print

Provisional Ids and Access Token of Phase 3 dealers, are now made available by GSTN. Dealer can obtain their provisional Ids from department’s portal www.mahavat.gpv.in, using their login credentials.

Guidelines on Claim processing for Group Insurance Policies

March 3, 2017 3090 Views 0 comment Print

The Authority issued Guidelines on Claim Processing for Group Life Insurance Policies under Lender Borrower Schemes vide cir ref: IRDA/Life/Cir/GDL/285/12/2014 dated 29/12/2014 which provided that insurers may settle the outstanding loan amounts to certain categories of Master Policyholders prescribing therein the procedure to be adopted.

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