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Notifications/Circulars

Amendment to IFSCA Circular titled ‘Framework for Aircraft Lease’ dated May 18, 2022

April 26, 2023 483 Views 0 comment Print

To include the ‘operating lease for an aviation training simulation device’ and ‘financial lease or any hybrid of financial and operating lease for an aviation training simulation device’, to the list of permissible activities under clause 5.E. and 5.H. respectively, of the said Framework.

SEBI advisory on Procedure to implement Section 12A of WMD Act

April 26, 2023 921 Views 0 comment Print

SEBI advisory on Procedure for implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005 – Directions to stock exchanges and registered intermediaries as issued Circular No. SEBI/HO/MIRSD/MIRSD-SEC-5/P/CIR/2023/062  Dated: April 26, 2023. Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/MIRSD-SEC-5/P/CIR/2023/062  Dated: April 26, 2023 To, 1. […]

IFSCA (Management Control, Administrative Control and Market Conduct of insurance business) Regulations, 2023

April 26, 2023 393 Views 0 comment Print

International Financial Services Centres Authority (Management Control, Administrative Control and Market Conduct of insurance business) Regulations, 2023

Amendment of Notification No. 19/2022 Customs (NT) dated 30.03.2022

April 26, 2023 1011 Views 0 comment Print

Amendment of Notification No.19/2022 Customs (NT) dated 30.03.2022 Vide Notification No. 30/2023-Customs (N.T.) | Dated: 26th April, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 30/2023-Customs (N.T.) | Dated: 26th April, 2023 S.O. 1934(E).—In exercise of the powers conferred by sub-section (4) of section 51A of the […]

NFRA imposes Rs. One crore penalty on CA Firm and Rs. 5 Lakh on Partner

April 26, 2023 30678 Views 0 comment Print

NFRA’s investigations inter alia revealed that the TDL’s Auditors for the FY 2018-19, had failed to meet the relevant requirements of the Standards on Auditing (‘SA’ hereafter) in a number of significant aspects and demonstrated a serious lack of competence. They failed to evaluate their potential conflict of interest and failed to maintain their independence […]

NFRA imposes 1 Crore Penalty on CA Firm & 5 Lakh on Partner

April 26, 2023 34821 Views 1 comment Print

NFRA’s investigations inter alia revealed that the TDL’s Auditors for the FY 2018-19, had failed to meet the relevant requirements of the Standards on Auditing (‘SA’ hereafter) in a number of significant aspects and demonstrated a serious lack of competence. They failed to evaluate their potential conflict of interest and failed to maintain their independence […]

CBIC amends Notification No. 22/2003 & 23/2003 Central Excise dated 31.03.2003

April 26, 2023 1107 Views 0 comment Print

Seeks to amend Notification No. 22/2003 & 23/2003 Central Excise dated 31.03.2003 vide  Notification No 20/2023-Central Excise Dated: 26th April, 2023 MINISTRTY OF FINANCE (Department of Revenue) New Delhi Notification No 20/2023-Central Excise Dated: 26th April, 2023 G.S.R. 317(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, […]

IRDAI Information and Cyber Security Guidelines, 2023

April 25, 2023 7503 Views 2 comments Print

Revised Guidelines are hereby issued in order to enable the insurance industry to strengthen their defenses as well as related governance mechanism to deal with such emerging cyber threats.

Modifications in the requirement of filing of Offer Documents by Mutual Funds

April 25, 2023 552 Views 0 comment Print

SEBI decided that AMCs shall file all final offer documents (final SID and final KIM) only digitally by emailing the same to a dedicated email id. viz: [email protected] and there would be no requirement of filing of physical copies of the same with SEBI.

SEBI Circular on Bank Guarantees (BGs) created out of clients’ funds

April 25, 2023 1653 Views 0 comment Print

The stock exchanges and clearing corporations shall take stock of the current position of the BGs issued out of clients’ funds by SBs/CMs and monitor the wind down to ensure implementation of the circular without any disruption of services to clients. For the purpose, stock exchanges and clearing corporations shall put in place periodic reporting mechanisms for SBs/CMs.

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