This order concerns disciplinary proceedings against Mr. Sai Ramesh Kanuparthi, an Insolvency Professional (IP), regarding his conduct in the liquidation process of M/s Konaseema Gas Power Limited. Mr. Kanuparthi has been accused of contravening several regulations and codes of conduct, including the sale of assets without adhering to prescribed procedures and failing to value or […]
Analysis of Circular No. 16/2023 -Cus on Supreme Court’s judgment on ‘pre-import condition’ and its implications on IGST & Compensation Cess
Circular No. 15/2023-Customs discusses the introduction of mandatory additional qualifiers in import/export declarations for certain products, effective from 1st July 2023. Circular No. 15/2023-Customs refers to the earlier Circular 55/2020-Customs, which encouraged importers to voluntarily provide comprehensive product descriptions and additional parameters for imported goods. The intent was to minimize queries and optimize assessment efficiency. […]
MCA has issued an adjudication order imposing penalties on Strong Infracon Private Limited, which was amalgamated with Elite Realcon Private Limited. The penalties are for non-compliance with Section 158 of the Companies Act, 2013, regarding the mention of Director Identification Numbers (DINs).
RBI has issued new directives on non-deliverable derivative contracts (NDDCs) as part of their risk management and inter-bank dealings. The amendments aim to develop the onshore INR NDDC market and offer greater hedging flexibility.
Filling up of 05 (Five) posts of Judicial Member and 05 (Five) posts of Technical Members in the National Company Law Tribunal (NCLT) – inviting online applications for.
Govt issued a circular detailing vacancies for Judicial & Technical Members posts in NCLAT with detailed guide to apply for these positions
NaBFID is regulated by RBI as an All India Financial Institution and its role in developing bonds and derivatives markets for infrastructure financing.
Insolvency and Bankruptcy Board of India (IBBI) has issued an order to cancel the registration of Mr. Venkata Krishna Srinivasa Raju Penmetsa as a Registered Valuer. The order was issued based on a Show Cause Notice (SCN) which stated that Mr. Penmetsa had suppressed information about criminal proceedings against him while applying for registration. The […]
CBIC Circular No. 14/2023-Customs dated 3rd of June, 2023 introduces the Electronic Repairs Services Outsourcing (ERSO) initiative. ERSO aims to extend the lifespan of defective or damaged electronic goods by allowing designated repair service entities in India to import and repair them before re-exporting. The circular outlines the regulatory environment for ERSO, including the General […]
