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Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2019

June 4, 2019 1452 Views 0 comment Print

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2019 shall come into force on the date of their publication in the Official Gazette.

RBI releases report on Benchmarking India’s Payment Systems

June 4, 2019 693 Views 0 comment Print

Date : Jun 04, 2019 RBI releases report on Benchmarking India’s Payment Systems The Reserve Bank of India today released a report on “Benchmarking India’s Payment Systems” which provides a comparative position of the payment system ecosystem in India relative to comparable payment systems and usage trends in other major countries. It may be recalled that […]

TDS statement Form 24Q due date extended to 30th June 2019

June 4, 2019 10677 Views 2 comments Print

CBDT extends the due date of filing of TDS Statement in Form 24Q for financial year 2018-19 from 31st of May, 2019 to 30th of June, 2019. F.No.275/38/2017-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated: 4th June, 2019 ORDER UNDER SECTION 119 OF […]

MahaRERA: Procedure for transferring or assigning promoter’s rights and liabilities to a third party

June 4, 2019 8781 Views 0 comment Print

Whereas, in accordance with Section 15 of the Real Estate (Regulation and Development) Act, 2016, the promoter shall not transfer or assign his majority rights and liabilities in respect of a real estate project to a third party without obtaining prior written consent from two-third allottees, except the promoter, and without the prior written approval of the Authority.

RBI ban S. R. Batliboi from carrying out statutory audit of Banks for one Year

June 3, 2019 19947 Views 2 comments Print

On account of the lapses identified in a statutory audit assignment carried out by M/s S.R. Batliboi & Co. LLP, Chartered Accountants , it has been decided that RBI will not approve the said firm for carrying out statutory audit assignments in commercial banks for one year starting from April 1, 2019. Reserve Bank of […]

ICAI Changes name of 17 Regional Council Branches as per change in City Name

June 3, 2019 1551 Views 0 comment Print

ICAI at its meeting held on 25.03.2019 has approved to change the names of  17 Branches of Regional Councils of ICAI set up by the Council  as per the change in the name of Cities where these Branches are functioning. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION New Delhi, the 4th May, 2019 (CHARTERED […]

Simple auto registration on ICEGATE for IEC holders for eSANCHIT

June 3, 2019 7944 Views 2 comments Print

ICEGATE has now introduced simplified auto registration for IEC holders based on the email ids already provided by them for registration under GST. Detailed advisory on the same has been placed on the ICEGATE web portal. The simplified procedure does away with the requirement of the digital signature. Circular No. 14/2019-Customs F.No. 450/148/2015-Cus-IV Government of […]

Implementation of PGA eSANCHIT -Paperless Processing under SWIFT

June 3, 2019 2199 Views 0 comment Print

Importers/exporters/customs brokers would not be allowed to upload the previously issued LPCOs on eSANCHIT e.f. 01/07/2019. Further PGAs are required to upload the LPCOs issued by them during the last 15 days from the above cut-off date. Any LPCOs issued on a prior date may also be uploaded by the PGAs on eSANCHIT, in order […]

RBI revises Large Exposures Framework

June 3, 2019 4854 Views 0 comment Print

A bank’s exposures to its counterparties may result in concentration of its assets to a single counterparty or a group of connected counterparties. As a first step to address the concentration risk, the Reserve Bank, in March 1989, fixed limits on bank exposures to an individual business concern and to business concerns of a group.

Redressal of issues due to technical glitches on www.mahagst.gov.in

June 1, 2019 13509 Views 0 comment Print

Mechanism for redressal of difficulties faced by taxpayers due to technical glitches on the portal www.mahagst.gov.in. of the Maharashtra Goods and Services Tax Department

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