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Notifications/Circulars

An entity requires only one RCMC from its relevant EPC : DGFT

May 22, 2019 1374 Views 0 comment Print

(i) An entity requires only one RCMC from its relevant EPC as per Appendix-2T. It can keep on adding any number of businesses afterwards and RCMCs from other EPCs will be optional only. (ii) If an entity, having RCMC for goods from a particular EPC/FIEO, exports services subsequently, there is no need to obtain second RCMC from SEPC(membership with SEPC in such a case is merely optional).

Framework for accreditation of investors for Innovators Growth Platform

May 22, 2019 1074 Views 0 comment Print

Accredited Investors (AIs) for the limited purpose of Innovators Growth Platform, are investors whose holding in the Issuer Company, is eligible for the computation of at least 25% of the pre-issue capital in accordance with Regulation 283.(1) of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018

Participation of Portfolio Managers in Commodity Derivatives Market in India

May 22, 2019 984 Views 1 comment Print

Portfolio Managers may participate in Exchange Traded Commodity Derivatives on behalf of their clients and such participation shall be in compliance with all the rules, regulations including SEBI (Portfolio Managers) Regulations, 1993 and circulars/guidelines and position limit norms as may be applicable to ‘clients’, issued by SEBI and Exchanges from time to time.

Tax on road or bridge access service during 08.11.2016 to 01.12.2016

May 21, 2019 4281 Views 0 comment Print

The service that is provided by toll operators is that of access to a road or bridge. toll charges being merely a consideration for that service. On MoRTH/ NHAI’s instructions, for the period 8-11-2016 to 1-12-2016 this service of access to a road/bridge was continued to be provided without collection of consideration from the actual user of service.

CBDT releases draft New FORM No. 10B and rule 17B

May 21, 2019 77910 Views 0 comment Print

Rule 17B of the Rules provide that said report of audit of the accounts of a trust or institution shall be in Form No. 10B. The Form No 10B besides providing the Audit Report provides for filing of Statement of particulars as Annexure.

Agreement for exchange of information with Marshall Islands notified

May 21, 2019 1443 Views 0 comment Print

Government of the Republic of India and the Government of Republic of the Marshall Islands, desiring to facilitate the exchange of information with respect to taxes have agreed as follows:

SEBI permits mutual funds to participate in ETCDs

May 21, 2019 1620 Views 0 comment Print

The participation of mutual funds in ETCDs would be subject to the following: Mutual funds are permitted to participate in ETCDs in India, except in commodity derivatives on ‘Sensitive Commodities’ as defined vide SEBI circular no. SEBI/HO/CDMRD/DMP/CIR/P/2017/84 dated July 25, 2017.

Transfer & Posting in the grade of Chief CIT

May 20, 2019 7215 Views 0 comment Print

Office Order No. 116 of 2019 – Transfer & Posting in the grade of Chief Commissioner of Income Tax – reg. F.No.A.22011/5/2019-Ad.VI Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi Dated 20.05.2019 Office Order No. 116 of 2019 The following officers, who were promoted to the grade […]

SEBI circular on Framework for Innovation Sandbox

May 20, 2019 1032 Views 0 comment Print

Capital market in India have been early adopters of technology. SEBI believes that encouraging adoption and usage of financial technology (‘FinTech’) would have a profound impact on the development of securities market. FinTech can act as a catalyst to further develop and maintain an efficient, fair and transparent securities market ecosystem.

GST on construction of Affordable Houses in Mumbai Metropolitan Region

May 17, 2019 2415 Views 0 comment Print

List of metropolitan cities provided in the said clause includes Mumbai (whole of MMR i.e. Mumbai Metropolitan Region) with its respective geographical limits prescribed by an order issued by the Central or State Government in this regard.

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