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Notifications/Circulars

RBI Withdraws 17 Obsolete Circulars for Simplification

July 12, 2024 690 Views 0 comment Print

The RBI has withdrawn several outdated circulars to streamline and simplify banking guidelines. Learn about the changes and their implications for scheduled commercial and foreign banks

IBBI suspends valuer for misuse of IBBI’s name/logo and misleading declarations

July 12, 2024 981 Views 1 comment Print

Explore the IBBI’s decision on Mr. Gopal Krishna Raju regarding violations under the Companies Act, 2013 and Valuation Rules, including misuse of IBBI’s name/logo and misleading declarations.

IFSCA (Board for Regulation and Supervision of Payment and Settlement Systems) Regulations, 2024

July 12, 2024 240 Views 0 comment Print

Explore the International Financial Services Centres Authority (IFSCA) Regulations 2024, governing payment and settlement systems in IFSCs. Learn about its composition, duties, and impacts.

CSR provision Violation -Section 135(5): MCA Imposes Penalty of ₹1.06 Crore

July 12, 2024 4308 Views 0 comment Print

Read the detailed penalty order issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli against Ganesh Green Bharat Limited under Section 135(5) of the Companies Act, 2013.

Non-Maintenance of Registered Office: Section 12 of Companies Act violated: MCA levied ₹6 Lakh Penalty

July 12, 2024 285 Views 0 comment Print

Kerala’s Registrar of Companies imposes ₹6 lakh penalty on Guruvayoor Akshaya Kuries Pvt Ltd for non-maintenance of registered office. Details of the adjudication order.

Compensation Cess exempted on Aerated Beverages & Energy Drinks to Defence Canteens

July 12, 2024 669 Views 0 comment Print

CBIC exempt Compensation cess on supply of aerated beverages and energy drinks to authorised customers by Unit Run Canteens under Ministry of Defence vide Notification No. 01/2024-Compensation Cess (Rate) | Dated: 12th July, 2024 as per Recommendations of 53rd GST Council Meeting

CBIC Exempts UTGST on Railway & Accommodation Services

July 12, 2024 663 Views 0 comment Print

CBIC exempts UTGST on Indian Railways services and specific accommodation services from July 15, 2024, following GST Council recommendations.

UTGST: Supply of Farm Produce in Packages Over 25 kg/Litre Not Considered as Supply

July 12, 2024 333 Views 0 comment Print

Discover the latest amendments in Notification No. 03/2024-Union Territory Tax (Rate), effective from 15th July 2024, focusing on agricultural produce packaging.

CBIC Notifies Changes in UTGST Rates on Goods per 53rd GST Council Meeting

July 12, 2024 3099 Views 0 comment Print

CBIC’s Notification No. 02/2024 lowers UTGST rates on cartons, milk cans, solar cookers, and brooder parts, effective July 15, 2024, based on 53rd GST Council recommendations.

CBIC Amends ADD Notification to Update Producer Name to ‘Shell Singapore Pte. Ltd

July 12, 2024 807 Views 0 comment Print

CBIC updates Notification No. 14/2020-Customs (ADD) to change producer name from ‘Shell Eastern Petroleum’ to ‘Shell Singapore Pte. Ltd.’, effective 12th July, 2024.

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