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Notifications/Circulars

Anti-dumping investigation on imports of Phthalic Anhydride initiated

May 21, 2020 1599 Views 0 comment Print

Initiation of anti-dumping investigation concerning imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP and Thailand.

Anti-dumping investigation on imports of Polyester Yarn/Spun Yarn

May 21, 2020 1353 Views 0 comment Print

Initiation of Anti-dumping investigation concerning imports of Polyester Yarn (Polyester Spun Yarn) from China PR, Indonesia, Nepal and Vietnam.

SEBI Review of Post-Default Curing Period for CRAs

May 21, 2020 528 Views 0 comment Print

It has been noted in a few recent cases of defaults that even though the rated entity was able to correct the default within a relatively shorter span of time, the rating could not be upgraded and continued to be under sub-investment grade due to the extant provisions on post-default curing period of 90 days for the rating to move from default to speculative grade and generally 365 days for default to investment grade.

Section 269SU not applicable to specified person having only B2B transactions

May 20, 2020 8625 Views 1 comment Print

It is hereby clarified that the provisions of section 269SU of the Act shall not he applicable to a specified person having only B2B transactions (i.e. no transaction with retail customer/consumer) if at least 95% of aggregate of all amounts received during the previous year, including amount received for sales, turnover or gross receipts, are by other than cash.

CBDT issues important directives on Safe Harbour Rules

May 20, 2020 12528 Views 1 comment Print

The CBDT has issued Notification No. 25 of 2020 dated 20 May 2020, wherein it has notified the year of applicability of the ‘Safe Harbour Rules for International Transactions’ (SHR) for Assessment Year (AY) 2020-21, as the existing rules were applicable only up to AY 2019-20. The said notification are applicable from 1 April 2020. […]

ESI Rules Amended To Allow Maternity Benefits For Commissioning & Adoptive Mother

May 20, 2020 7629 Views 0 comment Print

ESIC has issued a notification by which it notified Employees’ State Insurance (General) (First) Amendment Regulations, 2020 and inserted Regulation 87A : Notice of Commissioning Mother, Regulation 88A: Declaration by Insured Women of her surviving child or children, Regulation 89C : Claim for Maternity Benefit by Commissioning Mother,  Regulation 89D Claim for Maternity Benefit by […]

Employees’ State Insurance (General) (Second) Amendment Regulations, 2020

May 20, 2020 1425 Views 0 comment Print

Employees’ State Insurance (General) (Second) Amendment Regulations, 2020 A member of local committee shall cease to be a member of the committee if he fails to attend three consecutive meetings thereof provided that his membership may be restored by the Regional Director, on being satisfied as to the unavoidable nature of the circumstances which led to his non-attendance.

SEBI Advisory on disclosure of material impact of Covid–19 pandemic

May 20, 2020 3090 Views 0 comment Print

Advisory on disclosure of material impact of CoVID–19 pandemic on listed entities under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’/‘LODR’)

Requirement of Veterinary Certificate for Import of Milk and Milk Products into India

May 20, 2020 1194 Views 0 comment Print

Compulsory veterinary certificate issued by Competent Authority of exporting country is not being insisted upon by field formations in consignments of dairy products (including edible lactose).

Listing of Mutual Fund schemes that are in the process of winding up

May 20, 2020 1671 Views 0 comment Print

As per MF Regulations, there are several steps envisaged with respect to winding up of Mutual Fund schemes before the scheme ceases to exist. During this process, such units can be listed and traded on a recognized stock exchange, which may provide an exit to investors.

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