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Notifications/Circulars

Epidemic Diseases (Amendment) Ordinance, 2020

April 22, 2020 3906 Views 0 comment Print

No person shall indulge in any act of violence against a healthcare service personnel or cause any damage or loss to any property during an epidemic. Whoever, while committing an act of violence against a healthcare service personnel, causes grievous hurt as defined in section 320 of the Indian Penal Code to such person, shall be punished with imprisonment for a term which shall not be less than six months, but which may extend to seven years and with fine, which shall not be less than one lakh rupees, but which may extend to five lakh rupees.

Direct Tax Vivad se Vishwas Act, 2020- FAQs You must Know

April 22, 2020 23496 Views 1 comment Print

It has now been clarified that where only notice for initiation of prosecution has been issued without prosecution being instituted, the assessee is eligible to file declaration under Vivad se Vishwas.

Allotment of Filing Reference Number (FRN) for Cross Border Reinsurers

April 22, 2020 4626 Views 0 comment Print

On the basis of the submissions made by Cross Border Reinsurer (CBR) and recommendations of the insurers, the Authority has granted approval to the below mentioned CBR’s , who do not fulfil stipulated eligibility criteria.

E-mails for facilitating faster refund cannot be misconstrued as harassment: CBDT

April 21, 2020 4377 Views 0 comment Print

The Central Board of Direct Taxes (CBDT) responding to some observations being circulated on social media alleging that the Income Tax Department is pursuing recovery proceedings and using arm-twisting methods by adjusting outstanding demands of the start-ups, today stated that these observations are completely unfounded and are total misrepresentation of facts.

Undertaking in lieu of bond allowed for Custom Clearance till 15.05.2020

April 21, 2020 1893 Views 0 comment Print

CBIC extends the facility of accepting undertaking in lieu of bond required during customs clearance for the period till 15.05.2020. Consequently, the date for submission of proper bond in lieu of which the undertaking is being temporarily accepted is extended till 30.05.2020 vide Circular No. 21/2020-Customs dated 21st April, 2020. Furthermore, in reference to para […]

CBIC defers implementation of Electronic Sealing to 1st July 2020

April 21, 2020 750 Views 0 comment Print

CBIC has decided to defer the implementation of Electronic Sealing-Deposit in and removal of goods from Customs Bonded Warehousing to 01st July, 2020 vide Circular No. 20/2020-Customs dated 21st April, 2020.

SEBI extends timelines for compliance by its trading/clearing members

April 21, 2020 1155 Views 0 comment Print

SEBI has extend the timelines for the following compliance requirements by their trading members / clearing members related to Submission towards weekly monitoring of client funds under the provisions of Enhanced Supervision, Submission of data on monthly basis towards clients’ and fund balance under the provisions of Enhanced Supervision, Daily margin trading reporting, Update in […]

SEBI relaxes ICDR Regulations for Right Issues Opened till 31.03.2020

April 21, 2020 2082 Views 0 comment Print

SEBI had vide Circular No. SEBI/HO/CFD/CIR/CFD/DIL/67/2020 Dated  April 21, 2020 provides Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Rights Issue that open on or before March 31, 2020. Relaxation are  related to  eligibility conditions related to Fast Track Rights Issues, Minimum Subscription and with […]

One-time relaxation with respect to validity of SEBI Observations

April 21, 2020 948 Views 0 comment Print

SEBI has extended validity of SEBI Observations and provided that a public issue/rights issue may be opened within twelve months from the date of issuance of observations by SEBI. It also permitted an  issuer to increase or decrease the fresh issue size by up to 50% of the estimated issue size without requiring to file […]

SB005 error correction facility extended for Shipping Bills upto 31.12.2019

April 21, 2020 4020 Views 0 comment Print

As Exporters are facing genuine hard-ships due to the SB005 errors, it has now been decided to extend the facility of SB005 error correction in the Customs EDI system for Shipping Bills with date upto 31.12.2019 vide Circular No. 22/2020-Customs dated 21st April, 2020. Circular No. 22/2020-Customs F. No.450/119/2017-Cus IV Government of India Ministry of […]

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