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Notifications/Circulars

Amendment in Import Policy for Cigarette Lighters – DGFT Notification

June 29, 2023 1572 Views 0 comment Print

DGFT has issued a notification amending the import policy for cigarette lighters. The notification prohibits the import of gas-fueled pocket lighters, both non-refillable and refillable, under certain HS codes. However, import is allowed if the CIF value per lighter is Rs. 20/- or above. This article provides an introduction to the notification, analysis of the revised import policy, and concludes with the impact of the amendment.

Online Explanation for Liability Difference in GSTR-1 & 3B (DRC-01B)

June 29, 2023 21186 Views 0 comment Print

Learn about new functionality developed by GSTN to explain difference in liability between GSTR-1 and 3B returns online. Understand process, requirements, and access detailed manual for filing a reply in Form DRC-01B.

SEBI Master Circular: Listing Obligations for Securities & Commercial Paper

June 29, 2023 2319 Views 0 comment Print

Get insights into SEBI’s master circular on listing obligations and disclosure requirements for non-convertible securities, securitized debt instruments, and commercial paper. This comprehensive circular consolidates previous guidelines and includes formats for reporting and compliance. Stay updated on the regulatory framework governing the corporate bond market in India.

Insider Trading: Restricting of trading activities of DPs by freezing PAN – NSE Circular

June 28, 2023 2841 Views 0 comment Print

NSE has recently issued a circular clarifying the implementation of the Securities and Exchange Board of India’s (SEBI) regulations regarding the prohibition of insider trading. The focus of these regulations is to restrict the trading activities of Designated Persons (DPs) by freezing their Permanent Account Number (PAN) at the security level. Overview of the Circular […]

Beware of Unregistered Entity: Bhartiya Cooperative General Insurance Limited – IRDAI Notice

June 28, 2023 10122 Views 0 comment Print

IRDAI issues a public notice cautioning the general public about an unregistered entity named Bhartiya Cooperative General Insurance Limited. The notice warns against undertaking insurance transactions with this entity and advises the public to be cautious. Stay informed and protect yourself from fraudulent activities.

Monitoring Requirements for Insurers’ Investments in AIF

June 28, 2023 738 Views 0 comment Print

IRDAI has issued a circular outlining monitoring requirements for insurers’ investments in Alternative Investment Funds (AIF). Insurers are required to adhere to certain guidelines including quarterly declaration of AIF Net Asset Values (NAVs), approval for rollovers, and submission of quarterly returns.

SEBI Board Meeting Updates: Reduced Public Issue Listing Time and Enhanced Investor Protections

June 28, 2023 1110 Views 0 comment Print

Comprehensive update on SEBI Board meeting outcomes, focusing on securities listing timelines, investor grievance redressal enhancements, and provisions for non-convertible debt securities.

Non-Compliance Penalty: Rs. 25 Lakh for Non-Appointment of Company Secretary

June 28, 2023 5280 Views 0 comment Print

Learn about the Rs. 25 Lakh penalty imposed by the Government of India on a private company for non-appointment of a Company Secretary in accordance with the Companies Act, 2013.

Audit Lapses: NFRA imposes Rs. 60 Lakh Penalty on CA & Audit Firm

June 28, 2023 17949 Views 0 comment Print

Comprehensive analysis of audit lapses leading to significant NFRA-imposed penalty on CA Devang Dalal and M H Dalal & Associates, setting a precedent in corporate financial accountability.

INC-20A Filed with 220 Days Delay but No Penalty Imposed

June 28, 2023 1611 Views 0 comment Print

Unraveling the details of MCA Order No. 1589, where Squareroot Data Centers Private Limited escapes penalty despite a 220-day delay in filing INC-20A.

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