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Notifications/Circulars

Solvency Margin requirement for crop insurance relaxed by IRDAI

June 13, 2022 1608 Views 0 comment Print

remium receivables related to State / Central Government sponsored schemes for all quarters of the FY 2022-23 and onward to the extent that they are not realized within a period of 365 days shall be placed with value zero.

Advisory on Advertisements of Online Betting Platforms

June 13, 2022 951 Views 0 comment Print

No. DM/15/2022-DM Government of India Ministry of Information & Broadcasting A Wing, Shastri Bhawan New Delhi-110001 Dated 13th June, 2022 ADVISORY To i. Newspapers registered under Press and Registration of Books Act, 1867 ii. Private Satellite Television Channels iii. Publishers of news and current affairs content on digital media Subject: Advisory on Advertisements of Online […]

DGFT amends procedure for issue of GAICT of SCOMET items

June 13, 2022 3015 Views 0 comment Print

Existing entry at Paragraph 2.79F has been substituted in the Handbook of Procedures (HBP) of the Foreign Trade Policy (FTP) 2015-20 to amend the procedure for issue of Global Authorisation for Intra-Company Transfer (GAICT) of SCOMET items including software and technology. Henceforth, GAICT policy would be applicable only for export / re-export of items, including […]

Weekly newsletter from Chairman, CBIC dated 13/06/2022

June 13, 2022 765 Views 0 comment Print

On the Anti-Evasion front, last week Delhi Airport Customs interdicted about 10 Kg. Heroin from a foreign national. The contraband was ingeniously concealed in the lining of the suitcase carried by the passenger. Heartiest Congratulations to the officers for an excellent detection.

Use & file (U&F) procedure for life insurance products & riders

June 10, 2022 3579 Views 0 comment Print

In its continuous endeavor towards the reform agenda taken up towards having a fully insured India, Insurance Regulatory and Development Authority of India (IRDAI) has extended the ‘Use and File’ procedure for most of the Life Insurance products. This means now the life insurance companies can also launch these products without prior approval of IRDAI. […]

Notification No. 61/2022 – Jurisdiction of Income tax Authorities

June 10, 2022 8286 Views 0 comment Print

Section 120(1) (2) and (5) of the Income-Tax Act, 1961 – Jurisdiction of Income tax Authorities Supersession of Notification No. 23/2021 dated 31st March, 2021– Notification No. 61/2022 – Income Tax | Dated: 10th June, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES), New Delhi Notification No. 61/2022 – Income Tax […]

Caution to Investors doing Algorithmic Trading

June 10, 2022 951 Views 0 comment Print

Securities and Exchange Board of India Press Release No. 20/2022 Caution to Investors against dealing with unregulated platforms offering Algorithmic Trading It has come to the notice of Securities and Exchange Board of India (SEBI) that many unregulated platforms are offering investors Algorithmic Trading services/facilities to automate their trades. Strategies are being marketed with “claims” […]

PMC bank merger with Unity Small Finance Bank – Provisioning on interbank exposure & valuation of PNCPS & Equity Warrants

June 10, 2022 2211 Views 0 comment Print

Punjab and Maharashtra Co-operative Bank Limited (Amalgamation with Unity Small Finance Bank Limited) Scheme, 2022 – Provisioning on interbank exposure and valuation of Perpetual Non-Cumulative Preference Shares (PNCPS) and Equity Warrants

Notification No. 60/2022-Income Tax – Control of income-tax authorities

June 10, 2022 2016 Views 0 comment Print

Notification No. 60/2022-Income Tax, Dated: 10.06.2022 – Control of income-tax authorities. Also Read: Corrigendum Notification No. 78/2022-Income Tax, Dated: 04.07.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 60/2022-Income Tax | Dated: 10th June, 2022 S.O. 2692(E).—In exercise of the powers conferred by section 118 of the Income-tax Act, […]

Companies (Appointment and Qualification of Directors) Second Amendment, Rules, 2022

June 10, 2022 5670 Views 0 comment Print

MCA Notification No. G.S.R. 439(E) | Dtd. 10th June, 2022 The MCA vide its notification dated 10th June, 2022 has notified Companies (Appointment and Qualification of Directors) Second Amendment, Rules, 2022 which shall come into force on the date of its publication in the Official Gazette i.e. 10th June, 2022. In the Companies (Appointment and […]

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