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Notifications/Circulars

NSE to display if a company is non-compliant with SDD on ‘Get Quote’ page

November 4, 2022 4425 Views 0 comment Print

Under Get Quote page of Exchange Website of Listed Entity, wherever listed, would display that company is non-compliant with SDD, from next trading day till Exchanges have satisfactorily verified that company has completely complied.

MCA imposes penalty for 2 days default in holding Board Meeting

November 4, 2022 2628 Views 0 comment Print

Every company shall hold the first meeting of the Board of Directors within thirty days of the date of incorporation and thereafter, hold a minimum number of four meetings of its Board of Directors every year in such a manner that not more than one hundred and twenty days shall intervene between two consecutive meetings of the Board.

IFSCA directs IBUs to follow IFSCA KYC guidelines with immediate effect

November 3, 2022 951 Views 0 comment Print

IBUs are directed to follow the IFSCA KYC guidelines with immediate effect. IBUs are also advised that guidelines/circulars of the domestic financial sector regulators on the issues covered by the IFSCA KYC guidelines shall cease to apply with immediate effect.

CBIC notifies Customs Exchange rate for Import & Export wef 04.11.2022

November 3, 2022 2472 Views 0 comment Print

CBIC notifies Customs Exchange rate for Import & Export wef 4th November, 2022 vide Exchange rate Notification No. 92/2022 – Customs (N.T.) | dated 3rd November, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS New Delhi ***** Notification No. 92/2022 – Customs (N.T.) | Dated: 3rd November, […]

Public Notice No. 34/2015-2020-DGFT – Related to notification of PSIA

November 3, 2022 1914 Views 0 comment Print

03 Agencies are notified as PSIA, additional areas of operation for 05 existing PSIAs and additional instruments in respect of 03 existing PSIAs have also been notified. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Public Notice No. 34/2015-2020-DGFT |Dated : 3rd November, […]

Explanatory Notes to Provisions of Finance Act, 2022

November 3, 2022 9108 Views 0 comment Print

CIRCULAR NO. 23/2022 F. No. 370142/48/2022-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** Dated the 3rd of November, 2022 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2022 CIRCULAR INCOME-TAX ACT Finance Act, 2022 — Explanatory Notes to the Provisions of the Finance Act, 2022 CIRCULAR […]

IBBI penalises IRP for delay in handing over documents to RP

November 3, 2022 1983 Views 0 comment Print

Section 23(3) of IBC Code clearly provides for handing over of documents by IRP to RP. DC notes that acts of Mr. Prateek Kathuria for non-submission of documents to newly appointed IRP has caused delay in process which could have been avoided. Hence, the DC finds that Mr. Prateek Kathuria has violated section 23(3), 17(2)(e), […]

Faceless Assessment – Anonymized Escalation Mechanism & extension of Standard Examination Orders through RMS

November 3, 2022 2379 Views 0 comment Print

The Phase 1 referred to case of risk-based selection for examination after assessment (second check examination). Initially, in Part 1 of this phase, the goods under Assessment Group 4 in all Customs Stations were covered with effect from 05.09.2022.

Action initiated against CS for allowing Free Gifts in connection with meeting of members

November 2, 2022 7734 Views 0 comment Print

It is observed that the subject company had given SBI card to all 53 minority shareholders based on their requests. Hence, it is affirmed that the subject company has violated the provisions of Sec. 118(10) of the Companies Act, 2013 read with SS-2 in Clause 14 of Secretarial Standard.

IBBI penalises IP for appointing unregistered valuers & not sending notice of meeting of CoC to OCs

November 2, 2022 876 Views 0 comment Print

IBBI held that lapses in procedure about appointing  unregistered valuers, not sending notice of the meeting of CoC to OCs and not seeking approval from CoC regarding insurance cost indicates that Mr. Sanjeev Ahuja was not cautious and careful in interpreting the provisions of the Code and Regulations made thereunder and complying with these requirements. […]

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