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

Release ID: 1616620 (21/04/2020)

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 mis...

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Undertaking in lieu of bond allowed for Custom Clearance till 15.05.2020

Circular No. 21/2020-Customs (21/04/2020)

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. Furth...

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CBIC defers implementation of Electronic Sealing to 1st July 2020

Circular No. 20/2020-Customs (21/04/2020)

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....

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SEBI extends timelines for compliance by its trading/clearing members

Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/68 (21/04/2020)

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 Supervisi...

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SEBI relaxes ICDR Regulations for Right Issues Opened till 31.03.2020

Circular No. SEBI/HO/CFD/CIR/CFD/DIL/67/2020 (21/04/2020)

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 T...

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One-time relaxation with respect to validity of SEBI Observations

Circular No. SEBI/HO/CFD/CIR/DIL/CIR/P/2020/66 (21/04/2020)

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 […]...

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SB005 error correction facility extended for Shipping Bills upto 31.12.2019

Circular No. 22/2020-Customs (21/04/2020)

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 I...

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Punjab gives relief to electricity consumers to mitigate Covid-19 impact

Commercial Circular No. 19/2020 (21/04/2020)

Keeping in view the hardships faced by the people of Punjab on account of extension of curfew/lockdown up to 3rd May, 2020 and to mitigate the impact of COVID-19 pandemic, Hon'ble Chief Minister, Punjab has approved following relief measures for electricity consumers:...

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Companies allowed to hold AGM till 30.09.2020 whose FY ending on 31.12.2019

General Circular No. 18/2020 (21/04/2020)

Several representations have been received from stakeholders with regard to difficulty in holding annual general meetings (AGMs) for companies whose financial year ended on 31st December, 2019 due to COVID-19 related social distancing norms and consequential restrictions linked thereto....

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Interest Subvention & PRI Scheme for Short Term Crop Loans extended

RBI/2019-20/224 FIDD.CO.FSD.BC.No.24/05.02.001/2019-20 (21/04/2020)

Banks are advised to extend benefit of Interest Subvention (IS) of 2% and Prompt Repayment Incentive (PRI) of 3% for short term crop loans upto ₹3 lakh to farmers whose accounts have become due or shall become due between March 1, 2020 and May 31, 2020. Reserve Bank of India RBI/2019-20/224 FIDD.CO.FSD.BC.No.24/05.02.001/2019-20 April 2...

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