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Listed entities to disclose defaults on payment of Loan: SEBI

November 21, 2019 5505 Views 0 comment Print

Specific disclosures are required under the SEBI LODR Regulations in certain matters such as delay / default in payment of interest / principal on debt securities such as Non-Convertible Debt (NCDs), Non-Convertible Redeemable Preference Shares (NCRPS) etc. It has been observed that similar disclosures are generally not made by listed entities with respect to loans from banks and financial institutions.

Advisory on Amendment in Import policy of Iron & Steel

November 21, 2019 1578 Views 0 comment Print

The necessary changes related to SIMS have been operationalized in ICES. Bills of Entry for import of goods falling under the above said notification of DGFT shall mandatorily be filed in accordance with ICES Advisory 25/2019 issued by Directorate of Systems from 11.19. The above changes have been separately communicated to the various Customs Brokers Associations and RES software providers by Directorate of Systems. However, the same may further be given publicity by way of Trade notices.

CBIC notifies Rate of Exchange of Foreign Currencies wef 22.11.2019

November 21, 2019 5667 Views 1 comment Print

Exchange Rates Notification No. 85/2019-Custom (NT) dated 21.11.2019-Notifying Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 22nd November, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 85/2019 – Customs (N.T.) New Delhi, dated the 21st November, 2019 30 Kartika, 1941 (SAKA) In […]

Sunset Review of Anti-Dumping Duty on Nylon Tyre Cord Fabric import from China

November 21, 2019 798 Views 0 comment Print

The product under consideration in the present petition is Nylon Tyre Cord fabric (NTCF) originating in or exported from China. The subject good is a fabric of nylon, meant largely for tyre cord. NTCF finds application in different kinds of automotive tyres such as bus & truck tyres, two wheeler tyres, cycle tyres, Light commercial Vehicles tyres, Animals Driven vehicles etc.

Notification under SEBI (Certification of Associated Persons in Securities Markets) Regulations, 2007

November 21, 2019 2877 Views 0 comment Print

Notification under Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007-The trading members shall ensure that all such associated persons who are approved users or sales personnel as on the date of this notification obtain the certification by passing the Commodity Derivatives Certification Examination within two years from the date of this notification:

Important salient features of new GST returns wef 01.04.2020

November 21, 2019 22578 Views 1 comment Print

From 1st April 2020, taxpayers will be required to file the new GST return & they need to be familiar with new return functionality. Active participation of the taxpayers and GST practitioners in this trial return drive will enable to give their proper feedbacks/suggestions to improve the GST new return tool.

Directions by Hon’ble Courts to dispose representation by GST Council

November 20, 2019 834 Views 0 comment Print

Ld. Single Judge in his judgment directed GST Council to consider and pass orders on representation submitted by Petitioner, within a period of one month from the date of receipt of a copy of judgement, after hearing parties.

IBBI notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors to Corporate Debtors

November 20, 2019 921 Views 0 comment Print

There are occasions when a corporate debtor (CD) takes a loan guaranteed by another corporate person (corporate guarantor to the CD) or an individual (personal guarantor to the CD). The lender may pursue a remedy against the guarantor or the CD, being principal borrower, when there is a default in repayment of the loan.

SEBI proposes Issuance of SEBI (Portfolio Managers) Regulations, 2019

November 20, 2019 1275 Views 0 comment Print

The salient features of the proposed SEBI (Portfolio Managers) Regulations, 2019 are: 1. To enhance the eligibility criteria and to define the role of Principal Officer clearly. The enhanced eligibility criteria to be applicable to any employee with decision making authority relating to management of the clients’ portfolios.

Competition Commission of India (General) Amendment Regulations, 2019

November 20, 2019 1698 Views 0 comment Print

(1) These regulations may be called the Competition Commission of India (General) Amendment Regulations, 2019. (2) They shall come into force on the date of their publication in the Official Gazette.

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