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IRDAI forms Committee to study & recommend on Bima Vahak and Bima Vistaar

October 21, 2022 1914 Views 0 comment Print

Latest developments in the technology like Artificial Intelligence (AI)/ Machine Learning (ML) can be gainfully utilized by creating a digital platform to reach the last mile.

ROC impose penalty for issuing private placement offer cum application letter before filing relevant Board/special resolution with Registry

October 21, 2022 5442 Views 0 comment Print

Applicant Company and its officers who have made the default in complying provision of Rule 14(8) of Companies (Prospectus and Allotment of securities) Rules 2014 of companies Act, 2013 as private placement offer cum applications at different dates were issued before filing special resolution to ROC. Hence, they are liable for penalties under section 450 of Act, 2013.

Imposition of CVD on Saccharin Imported from Thailand

October 21, 2022 1095 Views 0 comment Print

Seeks to levy countervailing duty on imports of ‘Saccharine in all its forms’ originating in or exported from Thailand, to prevent the circumvention of countervailing duty levied on ‘Saccharine in all its forms’ originating in or exported from China PR vide notification No. 2/2019-Customs (CVD), dated the 30th August, 2019. GOVERNMENT OF INDIA MINISTRY OF […]

ROC imposes penalty of Rs. 7.50 Lakh for not appointing woman director

October 21, 2022 3237 Views 0 comment Print

Company is required to appoint a woman director based on Rule 3(ii) of Companies (Appointment and qualification of Directors) Rules, 2014 as Turnover of company is more than 300 Crore.

CBIC extend due date of filing GSTR 3B to 21st day of October, 2022

October 21, 2022 7932 Views 0 comment Print

Due date for furnishing FORM GSTR-3B for September, 2022 month extended till 21st day of October, 2022. Notification No. 21/2022-Central Tax

IRDAI Constitutes Health Insurance Consultative Committee

October 21, 2022 525 Views 0 comment Print

Health Insurance needs to constantly evolve to keep pace with the changing canvas of healthcare. It should be able to comprehensively cater to the needs of those seeking to purchase insurance as a protection mechanism for health expenses.

SEBI allows brokers to place bids on RFQ platform

October 20, 2022 864 Views 0 comment Print

SEBI has allowed stock brokers registered under the debt segment of the Stock Exchange(s) to place/seek bids on the Request for Quote (RFQ) platform on behalf of client(s), in addition to the existing option of placing bids in a proprietary capacity.

Processing Death Claims where Nomination is changed post death of NPS Subscribers

October 20, 2022 957 Views 0 comment Print

Nomination can be made only by the subscriber. However, there are special provisions enabled as per exit regulations for treating the nomination as made in the service records to protect the interest of the subscribers who were employed and covered under NPS through their employers.

Option to allocate 75% of NPS subscriber’s contribution in Asset Class E (Equity) in Tier-I – Reg.

October 20, 2022 897 Views 0 comment Print

PFRDA to allow option to allocate 75% of subscriber’s contribution in Asset Class E (Equity) in Tier-I under active choice without any conditions of tapering from the age of 51 years.

Non-Accrual of interest on borrowings by companies in violation of Ind AS

October 20, 2022 8283 Views 1 comment Print

NFRA Circular on Non-Accrual of interest on borrowings by the companies in violation of Indian Accounting Standards (Ind AS) It has come to the attention of the NFRA during  a disciplinary action under section 132(4) of the Act for professional misconduct of the statutory auditor (CA Som Prakash Aggarwal) of a listed company (Vikas WSP […]

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