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Notifications/Circulars

Implementing RFQ platform for Investments in Corporate Bonds / Commercial Papers

September 25, 2020 1215 Views 0 comment Print

With a view to enhance and coalescing the fragmented liquidity in Corporate Bonds, SEBI has implemented Request for Quote (RFQ) Platform through Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The RFQ platform seeks to replicate the OTC market albeit on an electronic platform in a move to bring more transparency, centralization in protecting investor interest apart from having enough liquidity in Secondary Market.

ADD on imports of Ceramic Tableware & Kitchenware, excluding knives & toilet items

September 25, 2020 1383 Views 0 comment Print

Case No.-AD-AC-05/2020- Initiation of Anti-Circumvention investigation concerning alleged circumvention of anti¬dumping duty imposed on imports of Ceramic Tableware and Kitchenware, excluding knives and toilet items originating in or exported from China PR, by imports of Ceramic Tableware and Kitchenware, excluding Knives and Toilet Items from Malaysia.

Positive Pay System for Cheque Truncation System

September 25, 2020 1218 Views 0 comment Print

The concept of Positive Pay involves a process of reconfirming key details of large value cheques. Under this process, the issuer of the cheque submits electronically, through channels like SMS, mobile app, internet banking, ATM, etc., certain minimum details of that cheque (like date, name of the beneficiary / payee, amount, etc.) to the drawee bank, details of which are cross checked with the presented cheque by CTS. Any discrepancy is flagged by CTS to the drawee bank and presenting bank, who would take redressal measures.

Setting up of RFAC under Faceless Appellate Scheme, 2020

September 25, 2020 1380 Views 0 comment Print

OFFICE ORDER – 2 Subject: Setting up of RFAC under Faceless Appellate Scheme, 2020- reg- In pursuance of para 4 of S.O. 3296 (E) Notification No. 76/2020/F.No. 370142/33/2020-TPL, dated the 25th September, 2020 notifying the Faceless Appeal Scheme, 2020 and powers conferred under section 250 (6B) of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby sets up the Regional Faceless Appellate Centres (hereinafter referred to as the RFACs), which shall have their headquarters at the places mentioned at column (3) and shall comprise of the following Income-tax Authorities:

Setting up of NFAC under “Faceless Appellate Scheme, 2020

September 25, 2020 6234 Views 1 comment Print

OFFICE ORDER – 1 Subject: Setting up of NFAC under “Faceless Appellate Scheme,  2020”- reg In pursuance of para 4 of S.O. 3296 Notification No 76/2020/F.No 370142/33/2020-TPL,dated the 25th September, 2020, notifying the Faceless Appeal Scheme, 2020 and powers conferred under section 250 (6B) of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby sets up the National Faceless Appellate Centre (hereinafter referred to as the NFAC), which shall have its headquarters at Delhi and shall comprise of the following Income-tax Authorities: –

Display Date of Manufacturing & Best Before Date in case of Sweets -Reg

September 25, 2020 756 Views 0 comment Print

The FBOs shall decide and display the Best Before Date of sweets depending upon the nature of the product and the local conditions. An indicative list of shell life of various types of sweets is given in the Guidance Note on Safety of Traditional Milk Products which is available on FSSAI website.

Govt notifies Revised Cover page of SB-5 & SB-5A post office passbooks

September 24, 2020 8835 Views 0 comment Print

This office has been receiving references/suggestion that cover page of both SB-5 and SB-5A passbooks used in CBS and non CBS Post Offices should be different for better identification as well as ease of operation.

Suspension of initiation of corporate insolvency resolution process

September 24, 2020 3294 Views 0 comment Print

Section 10A. Notwithstanding anything contained in sections 7, 9 and 10, no application for initiation of corporate insolvency resolution process of a corporate debtor shall be filed, for any default arising on or after 25th March, 2020 for a period of nine months or such further period, not exceeding one year from such date, as may be notified in this behalf:

Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020

September 24, 2020 2490 Views 0 comment Print

These rules may be called the Insolvency and Bankruptcy (Application to Adjudicating Authority) (Amendment) Rules, 2020. (2) These rules shall come into force from the date of their publication in the Official Gazette.

Notification No. 91/2020-Customs (N.T.) dated  24.09.2020

September 24, 2020 993 Views 0 comment Print

Notification No. 91/2020-CUSTOMS (N.T.) dated  24th September, 2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 91/2020-CUSTOMS (N.T.) New Delhi, 24th September, 2020 2 Asvina, 1942 […]

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