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IFSCA form for process of registration of scheme or fund in IFSC

February 6, 2023 1356 Views 0 comment Print

Att registered FMEs seeking registration for their scheme or fund in IFSC has to submit application APPLICATION FORM FOR FUND/SCHEME

Taxation is not just a vehicle for raising government revenue

February 6, 2023 1158 Views 0 comment Print

Taxation is not just a vehicle for raising government revenue; it is critically important for economic and social development. As we discharge our duties, we all would do well to keep these principles close to our heart.

Private Placement without conducting EGM – ROC reduces Penalty

February 6, 2023 888 Views 0 comment Print

During the course of Inquiry, it was observed that the e-Form PAS-3 filed for issue of 9,00,000/- worth of equity shares through private placement offer. Upon examining reply of Shri. S. Ragu, Director, it is inferred that the board meeting agenda speaks only about allotment of shares with no mention of Private Placement to M/s. […]

ROC reduces penalty for not filing Annual Returns considering alleged fraud by Ex-Director

February 6, 2023 1038 Views 0 comment Print

Authorized Representatives have appeared for the Appellants, while reiterating the grounds taken in the appeal had stated that the Company was not in a position to conduct the AGM and file the statutory returns in time, as Shri. Shahul Hammed, Ex-Director who was in-charge of banking, accounting and maintaining of registers, has misappropriated the company’s […]

SEBI statement on unusual price movement in stocks of Adani Group

February 4, 2023 1272 Views 0 comment Print

During the past week, unusual price movement in the stocks of a business conglomerate has been observed. As part of its mandate, SEBI seeks to maintain orderly and efficient functioning of the market and has put in place a set of well defined, publicly available surveillance measures (including the ASM framework) to address excessive volatility in specific stocks.

Govt increases SAED on Diesel to Rs. 6 per litre

February 3, 2023 1350 Views 0 comment Print

Vide Notification No. 07/2023-Central Excise, Dated: 03.02.2023 Government increases Special Additional Excise Duty on Diesel to Rs. 6.00 per litre with effect from 4th day of February, 2023 from existing Rs. 3.50 per litre.

SAED on production of Petroleum Crude & export of ATF increased wef 4.2.2023

February 3, 2023 600 Views 0 comment Print

Government increases Special Additional Excise Duty from 4th day of February, 2023 on production of Petroleum Crude to Rs. 5050 per tonne from 1900 per tonne and to Rs. 6  per litre from Rs. 3.50 per litre on export of Aviation turbine Fuel vide Notification No. 06/2023-Central Excise, Dated: 03.02.2023 MINISTRY OF FINANCE (Department of Revenue) New […]

Selection for the posts of Member, Customs, Excise and Service Tax Appellate Tribunal (CESTAT)

February 3, 2023 2853 Views 0 comment Print

Applications are being invited for 2 anticipated vacancies of Member (Technical) and 4 anticipated vacancies of Member (Judicial) in CESTAT.

Dos and don’ts relating to green debt securities to avoid occurrences of greenwashing

February 3, 2023 1047 Views 0 comment Print

Issuer of green debt securities shall ensure It shall not utilize funds raised through green bonds for purposes that would not fall under definition of ‘green debt security’ under NCS Regulations.

IRDAI revises Guidelines on issuance of FRN to Cross Border Re­insurers

February 3, 2023 1230 Views 0 comment Print

The CBRs, who meet the eligibility criteria as per the extant regulations, will qualify as ‘Eligible CBRs’. The CBRs, who do not meet the eligibility criteria, are regarded as ‘Non-Eligible CBR’;

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