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Tariff Notification No. 41/2022-Customs (N.T.) Dated: 13.05.2022

May 13, 2022 2151 Views 0 comment Print

Tariff Notification No. 41/2022-Customs (N.T.) Dated: 13.05.2022 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 41/2022-CUSTOMS (N.T.) | Dated: 13th May, 2022 S.O. 2228(E).—In exercise of the powers conferred by […]

IBBI directs IRP to maintain independence in decision making

May 12, 2022 1173 Views 0 comment Print

Though the deficiencies as noticed and conceded by Ms Kalpana G appear to be minor in nature, however, in the context of messaging with regard to the independent role of Insolvency Professional as envisaged under the Code and Regulations framed thereunder, such acts of omission have larger ramifications.

IRDAI rationalizes compliance requirements of Foreign Reinsurance Branches

May 12, 2022 933 Views 0 comment Print

IRDAI has received representations on the rationalization of compliance requirements of Foreign Reinsurance Branches (FRBs) as they are not directly dealing with the retail customers. Further, representations have also been received from the non-life industry to dispense with the Form NL 40 on disclosure of Underwriting performance on their respective websites.

Discontinuation of filing of monthly Solvency Returns by Insurers

May 12, 2022 528 Views 0 comment Print

It has been decided to discontinue the filing of monthly solvency returns by the Insurers with immediate effect. However, the insurers whose solvency margin is less than 1.55 as at the end of any quarter, shall continue to report the monthly solvency position until the solvency position is restored to 1.55, by e-mail at finance-nonlife@irdai.gov.in.

Haryana State COVID Small Trader Support Scheme, 2022 – reg

May 12, 2022 471 Views 0 comment Print

Haryana Government decided to notify Haryana State COVID Small Trader Support Scheme, 2022 to ease pandemic induced financial hardships

Amendment in Scheme of Exemption & reimbursement of Stamp Duty

May 12, 2022 9315 Views 0 comment Print

The enterprises making new investment or investment for expansion under the scheme, as the case may be, for reimbursement of 25% of Stamp Duty, shall submit a duly completed application in Form-S, appended to the Scheme, to the Member Secretary of the appropriate Screening Committee within 90 days of the commencement of commercial production.

Filing of fire insurance products for Dwellings, Micro and Small Businesses

May 12, 2022 864 Views 0 comment Print

These standard products replaced the Standard Fire and Special Perils (SFSP) policy for the named risks and no product other than the standard products was permitted for Fire and allied risks. Needless to add, the pricing of the products shall be commensurate to the risks involved.

Burning Cost for Fire perils published by IIB is not a ‘mandated minimum rate’: IRDAI

May 12, 2022 4710 Views 0 comment Print

IRDAI has been receiving several complaints from policyholders, both directly and through various platforms such as industry associations, that insurers are referring to the Burning Cost as a ‘mandated minimum rate’.

MCA invites Research studies on utilization of MCA-21 database

May 12, 2022 864 Views 0 comment Print

MCA invite research proposals under the scheme ‘Funding for Research Studies on Corporate Governance” under EC with the primary objective of utilization of the repository of corporate sector data available with the Ministry under the MCA-21 e-governance system, explore and expand the scope of utilization of MCA-21 database, formalize a research agenda and fund such research.

Rajiv Kumar appointed as new Chief Election Commissioner

May 12, 2022 381 Views 0 comment Print

In pursuance of clause (2) of article 324 of the Constitution, the President is pleased to appoint Shri Rajiv Kumar as the Chief Election Commissioner with effect from the 15th May, 2022.

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