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Notifications/Circulars

SION E-136 conditions amended to include supporting manufacturers for job work- DGFT

January 31, 2023 1491 Views 0 comment Print

Conditions of SION E-136 and para 4.05(iii) of Handbook of Procedures, 2015-20 is amended to include supporting manufacturers for job work vide Public Notice No. 54/2015-2020-DGFT dated 31st January, 2023. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan New Delhi Public Notice No. 54/2015-2020-DGFT | […]

Procedure to be followed for scanning of containers selected for scanning at Port

January 31, 2023 1404 Views 0 comment Print

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-III) CONTAINER SCANNING DIVISION, JAWAHARLAL NEHRU CUSTOM HOUSE, TAL. URAN, DIST. RAIGAD, MAHARASHTRA-400707 F.  No. S/V-30/Misc-40/2017-18/CSD/JNCH Dated: 31.01.2023 PUBLIC NOTICE NO. 08/2023 Subject: Operationalization of Drive Through Container Scanner (Road) at BMCT (Scan codeD­INNSA1RSDT02); Procedure to be followed for scanning of containers selected for scanning­-reg. Attention of the Importers, Exporters, […]

Govt amends Central Interest Subsidy Scheme, 1997

January 31, 2023 960 Views 0 comment Print

For existing units undergoing substantial expansion: the quantum of interest subsidy eligible in the case of an existing industrial unit which has gone for substantial expansion will be 3% of the increase in working capital loan over and above the average of the working capital loan availed by the industrial unit during two financial years just preceding the date of commencement of commercial operation after undergoing substantial expansion

Govt amends Central Interest Subsidy Scheme, 2007

January 31, 2023 915 Views 0 comment Print

For new units: all eligible industrial units located anywhere in the North East Region shall be given an interest subsidy to the extent of 3 % on the working capital advanced to them by the Scheduled Banks or Central State financial institutions for a maximum period of 10(ten) years from the date of commencement of commercial production.

Govt amends Credit Guarantee Fund for Micro Units (CGFMU) Scheme

January 31, 2023 2343 Views 0 comment Print

Central Government hereby makes the following amendments to the Scheme known as the Credit Guarantee Fund for Micro Units (CGFMU)

DRTs & DRATs – e-filing of pleadings by applicants is mandatory

January 31, 2023 1521 Views 0 comment Print

Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing (Amendment) Rules, 2023 – The e-filing of pleadings with Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunals (DRATs) by applicants is mandatory and any other form of filing shall not be taken on record. MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, […]

Extension of CMA Examination Applicability for two more terms under Syllabus 2016

January 31, 2023 1233 Views 0 comment Print

Cost Accountants of India decided to extend examination applicability under Syllabus 2016 for another two terms for convenience of Students.

Non-filing of Board resolution for appointment of Internal Auditors- Rs. 3.96 Lakh Penalty Imposed

January 31, 2023 4365 Views 0 comment Print

Section 179(3)(k) of Companies Act, 2013 read with Sub-Rule 5 of Rule 8 of Companies (Meetings of Board and its Power) Rules, 2014 mandated to file Board resolution for appointment of Internal Auditors in Company.

IRDAI notifies Obligatory Cession for financial year 2023-24

January 30, 2023 1611 Views 0 comment Print

The percentage cession of the sum insured on each General Insurance Policy to be reinsured with the Indian Re-insurer(s) shall be 4% (four percent) in respect of insurance attaching during the financial year beginning from 1st April, 2023 to 31st March, 2024, except the terrorism premium and premium ceded to Nuclear pool wherein it would be made ‘NIL’. The entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only.

IBBI suspends registration of IP for failure to take custody & control of assets of CD

January 30, 2023 1734 Views 0 comment Print

IBBI Disciplinary Committee is of the view that Mr. Abhishek Anand failed to take custody and control of the assets of CD and used the amount deposited by resolution applicant without getting the plan approved by AA and violated section 18(1)(f), 25(1), 25(2)(a), 31, 208 of the Code and regulation 7(2)(a), 7(2)(h) read with clause […]

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