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Notifications/Circulars

IBBI directs IP to be extra careful while conducting processes under IBC 2016

April 4, 2022 765 Views 0 comment Print

With regard to the first issue relating to settlement of claims of workmen/employees, the DC notes the submission of Mr. Kohli that the Settlement Agreement between him and the Workmen Union was entered into on the advice of the stakeholders, i.e., the secured creditors for early completion of Liquidation Process and he did not distribute […]

CBIC working towards automating the GST Return scrutiny process

April 4, 2022 6840 Views 0 comment Print

With a view towards enhancing compliance through effective & standardized scrutiny of GST returns, the Board has been working towards automating the scrutiny process. Last week, the first tranche of GSTINs selected for scrutiny, on the basis of risk parameters, were shared by the Directorate General of Analytics and Risk Management with field formations.

Footwear Design and Development Institute, Secretary Recruitment (Amendment) Rules, 2022

April 4, 2022 714 Views 0 comment Print

These rules may be called the Ministry of Commerce and Industry, Footwear Design and Development Institute, Secretary Recruitment (Amendment) Rules, 2022. They shall come into force on the date of their publication in the Official Gazette.

Track & Trace system for export of drug formulations extended till 31.03.2023

April 4, 2022 1539 Views 0 comment Print

The date for implementation of Track and Trace system for export of drug formulations with respect to maintaining the Parent-Child relationship in packaging levels and its uploading on Central Portal has been extended upto 31.3.2023 for both SSI and non SSI manufactured drugs. Government of India Ministry of Commerce and Industry Department of Commerce Directorate […]

SEBI notifies Demat Debit and Pledge Instruction

April 4, 2022 3426 Views 0 comment Print

For transfer of securities held in the beneficial owner account of the client towards Stock Exchange related deliveries / settlement obligations arising out of trades executed by such a client on the Stock Exchange through the same stock broker.

Rule 21AAA Taxation of income from retirement benefit account maintained in a notified countr

April 4, 2022 12585 Views 2 comments Print

CBDT notifies Income Tax Rule 21AAA. Taxation of income from retirement benefit account maintained in a notified country and FORM No. 10-EE vide Notification No. 24/2022-Income Tax Dated: 4th April, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 4th April, 2022 Notification No. 24/2022-Income Tax G.S.R. 256(E).— In exercise of […]

CCI Revises Long Form for Merger & Acquisitions

April 4, 2022 1629 Views 0 comment Print

The Competition Commission of India (CCI) has notified the revised format of Form II (i.e. long form of merger notification) vide Notification no. CCI/CD/Amend/Comb. Regl./2022 dated 31st March 2022.

Account Details for fee to be remitted to IFSCA -SWIFT code Changed

April 4, 2022 1275 Views 1 comment Print

Account Details for fee to be remitted to IFSCA- It is hereby informed that existing SWIFT code of the USD current account has changed from ICICINBBIBU to ICICINAAXXX.

SEBI constitutes committee on Strengthening of Governance of Market Infrastructure Institutions

April 4, 2022 639 Views 0 comment Print

SEBI has today constituted an ad-hoc committee for reviewing and making recommendations for further strengthening of governance norms at Market Infrastructure Institutions (MIIs). The members of the committee are:

Standardisation of Ratings Scales Used by credit rating agencies – Extension of timeline for implementation

April 1, 2022 1047 Views 0 comment Print

In view of representation received from credit rating agencies, it has been decided to extend the date of applicability of the section B of the aforesaid circular. Credit rating agencies shall ensure compliance with the requirements/ provisions of the section B of the aforesaid circular on or before June 30, 2022.

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