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Appointment as ITAT Member- Disparity with CAs

June 30, 2021 20082 Views 6 comments Print

Ministry of Finance notified rules for appointment of members in various tribunals on 12.02.2020 in which practice of judicial and accountant members was requiring 25 years of practice. In WP (C) 804 of 2020 dated 27.11.2020 Taking cognizance of this the Honourable SC in Madras Bar Association v. Union of India & Anr. [Writ Petition […]

Advisory on implementation of prompt actions for COVID-19 management

June 29, 2021 684 Views 0 comment Print

All the District Magistrates shall strictly enforce the above measures. For the enforcement of social distancing, State/ UT Governments may, as far as possible, use the provisions of Section 144 of the Criminal Procedure Code (CrPC) of 1973.

RBI Imposes Penalty on Four Banks

June 29, 2021 915 Views 0 comment Print

RBI imposes monetary penalty on The Ahmedabad Mercantile Co-operative Bank Ltd., Ahmedabad, Andhra Pradesh Mahesh Co-operative Urban Bank Ltd., Hyderabad, Saraswat Co-operative Bank Ltd., Mumbai, and SVC Co-operative Bank Ltd., Mumbai. Text of the relevant press Releases are as follows:- Reserve Bank of India RBI imposes monetary penalty on The Ahmedabad Mercantile Co-operative Bank Ltd., […]

Guidance Note on Analyst/Institutional Investors meet

June 29, 2021 3762 Views 0 comment Print

One of amendments include enhanced disclosure requirement w.r.t. point 15 of para A of Part A of Schedule III on LODR Regulations. Many companies have sought clarity on this amendment. Thus, the Exchange in consultation with SEBI is providing clarification on the below points:

CBDT designates www.incometax.gov.in website for Faceless Penalty Scheme

June 29, 2021 1059 Views 0 comment Print

CBDT Order designating web portal www.incometax.gov.in as the ‘designated portal’ for the purpose of Faceless Penalty Scheme National Faceless Assessment Centre, Delhi 2nd Floor, E-Ramp Jawaharlal Nehru Stadium, Delhi-110003 Phone No: 011-24360103 F. No. CIT (NaFAC)-1/2021-22/204 Dated: 29.06.2021 Order I am directed to hereby designate the web portal www.incometax.gov.in as the “designated portal” for the […]

CBDT designates www.incometax.gov.in website for Faceless Assessment Scheme

June 29, 2021 1329 Views 1 comment Print

CBDT Order designating web portal www.incometax.gov.in as the designated portal for the purpose of Income Tax Faceless Assessment Scheme

Extension in last date of filing QPRs/APRs by SEZ units/EOUs/Developers

June 29, 2021 7773 Views 0 comment Print

The Department of Commerce under SEZ Division issued Circular vide No. K-43022/7/2020-SEZ dated June 29, 2021 for extension in the last date of filing QPRs/APRs by SEZ units/EOUs/Developers upto December 31, 2021 No. K-43022/7/2020-SEZ Government of India Ministry of Commerce & Industry Department of Commerce SEZ Division Udyog Bhavan New Delhi Dated: 29th June, 2021 […]

Cross Margin in Commodity Index Futures & its underlying constituent futures or its variants

June 29, 2021 555 Views 0 comment Print

Securities and Exchange Board of India Circular No.: SEBI/HO/CDMRD/CDMRD_DRM/P/CIR/2021/586 June 29, 2021 To, The Managing Directors / Chief Executive Officers, All Clearing Corporations having Commodity Derivatives Segment Sir / Madam, Sub: Cross Margin in Commodity Index Futures and its underlying constituent futures or its variants 1. SEBI has prescribed norms, inter-alia, for providing margin benefit […]

SEBI Board Meeting 29th June 2021- 11 Things to Know

June 29, 2021 1659 Views 0 comment Print

The Board considered and approved the proposals relating to the review and merger of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and SEBI (Non-Convertible Redeemable Preference Shares) Regulations, 2013 into a single Regulation to be called– SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

Clarification on withdrawal/closure of accounts under National Savings Schemes- Reg.

June 29, 2021 6492 Views 1 comment Print

As per Rule 12 of Govt. Savings Promotion General Rules, 2018 issued vide GSR No. 1003(E) dated 05.10.2018 circulated vide SB Order No. 13/2019 dated 18.12.2019, at the time of payment of maturity proceeds or partial withdrawal or interest, the depositor shall affix his signature or thumb impression in the presence of the authorised officer who shall verify the identity of the person

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