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Notifications/Circulars

MCA includes ‘PM CARES Fund’ in CSR Schedule VII

May 26, 2020 6849 Views 0 comment Print

MCA notifies PM CARES as eligible to receive CSR Corpuses of corporates as it amends Schedule VII of Companies Act, 2013 vide Gazette Notification dated 26th May, 2020 and included Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) in Corporate Social Responsibility (CSR) Activities under Section 135 of Companies Act, 2013. […]

No restriction imposed on use of POA by broker- SEBI Clarifies

May 26, 2020 792 Views 0 comment Print

In a news item in today’s Business Line it has been reported that SEBI has discontinued the use of POA between a client and broker in the equity markets. This is not correct – there is no restriction imposed on use of POA by broker.

Clarification in respect of appeal in regard to non-constitution of Appellate Tribunal

May 26, 2020 10980 Views 0 comment Print

Various representations have been received wherein the issue has been decided against the registered person by the adjudicating authority or refund application has been rejected by the appropriate authority and appeal against the said order is pending before the appellate authority.

Exemption from provisions of section 14(3) of FCRA, 2010 further extended for another 60 days

May 26, 2020 858 Views 0 comment Print

After considering the lock down situation arising due to COVID-19 pandemic, it has been decided that period of 60 days granted to the Associations/NGOs vide this Ministry Public Notice of even number dated 18.3.2020 to enable them to apply for fresh registration after electronic submission of missing Annual Returns on the Portal along with the prescribed penalty, has been further extended for another 60 days.

Rules to amend Chartered Accountants Procedure of Meetings of Quality Review Board

May 26, 2020 837 Views 0 comment Print

These rules may be called the Chartered Accountants Procedure of Meetings of Quality Review Board, and Terms and Conditions of Service and allowances of the Chairperson and members of the Board (Amendment) Rules, 2020.

Initiation of Anti-dumping investigation concerning imports of Acrylonitrile Butadien

May 26, 2020 732 Views 0 comment Print

Initiation of Anti-dumping investigation concerning imports of Acrylonitrile Butadiene Rubber originating in or exported from China PR, European Union, Japan and Russia.

SEBI guideline for Identifying & selecting a location as delivery centre for Commodity Derivatives

May 26, 2020 732 Views 0 comment Print

In the absence of a well-defined laid down criteria for identification and selection of a location as a delivery centre, it is observed that each stock exchange has adopted different criteria for different commodities as per their internal policy decision.

Margin obligations by way of Pledge / Re-pledge in Depository System- Extension

May 25, 2020 2823 Views 0 comment Print

SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020, specified guidelines with regard to Margin obligations to be given by way of Pledge/ Re-pledge in the Depository System. The provisions of this circular were to come into effect from June 01, 2020.

MVAT: Guidelines for condonation of appeal, acceptance of form 314 & rectification of assessment order

May 25, 2020 21087 Views 0 comment Print

Guidelines for delay condonation in appeal, acceptance of form 314 and rectification of assessment order by the nodal officer under the MVAT Act 2002 vide Trade Circular No. 08 T of 2020 dated 25/05/2020. Office of the Commissioner of State Tax, 1st floor, GST Bhavan, Mazgaon, Mumbai – 400 010. TRADE CIRCULAR No. VAT/AMD-2020/1A/Adm-8 Trade […]

RBI Increases Exposure Limit for Group of Connected Counterparties

May 23, 2020 939 Views 0 comment Print

With a view to facilitate greater flow of resources to corporates, it has been decided, as a one-time measure, to increase a bank’s exposure to a group of connected counterparties from 25% to 30% of the eligible capital base of the bank.

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