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Notifications/Circulars

Block Mechanism in demat account of clients undertaking sale transactions – Clarification

October 27, 2022 1782 Views 0 comment Print

SEBI introduced block mechanism in demat account of clients undertaking sale transactions, for ease of operations in Early Pay-in mechanism.

Food Safety and Standards (Food Products Standards and Food Additives) Second Amendment Regulations, 2022

October 27, 2022 1206 Views 0 comment Print

These regulations may be called the Food Safety and Standards (Food Products Standards and Food Additives) Second Amendment Regulations, 2022.

Effect of disciplinary proceedings on benefits from accumulated pension corpus under NPS

October 27, 2022 684 Views 0 comment Print

Provisions relating to effect of disciplinary proceedings on the benefits from accumulated pension corpus under National Pension System and gratuity in respect to Central Government employees covered under NPS.

e-CoO issued electronically is a valid to claim preferential benefit under India-UAE CEPA

October 27, 2022 855 Views 0 comment Print

e-CoO, issued electronically by the Issuing Authority of UAE, is a valid document for the purpose of claiming preferential benefit under India-UAE CEPA, provided that the e-CoO has been issued in the prescribed format, bears electronically printed seal and signatures of the authorized signatory of the Issuing Authority

Penalty imposed for default in compliance with requirements of Section 161 under Companies Act 2013

October 27, 2022 1608 Views 0 comment Print

Registrar of Companies in his order of adjudication has stated that the Company has appointed Mr. Sachin Bansal as the Managing Director and CEO of the Company (KMP) vide its Board Resolution dated 27.02.2020 for a period of five years from 06.03.2020. However, by inadvertence, the Board had omitted to Co opt him as Additional Director before appointing him as Managing Director.

Master Circular IRDA (Investment) Regulations, 2016

October 27, 2022 8259 Views 0 comment Print

The Insurer has to adhere to the Client level and Participant level position limits prescribed by SEBI and stock exchange while undertaking SLB. Insurer can only lend securities to the extent of not more than 10% quantity of those “scrips” of that particular fund(s). These prescribed limits shall be adhered at the time of lending

MCA imposes penalty on company for not maintaining its registered office

October 26, 2022 2820 Views 0 comment Print

The Company has not maintained its registered office pursuant to sub-section (1) and (4) of Section 12 of the Act w.e.f. 23.12.2021 (date of spot inspection conducted by this office) thereby attracting penal provisions under sub-section (8) of Section 12 of the Companies Act, 2013. The offence is of serious nature since non-maintenance of registered […]

MCA imposes penalty on Company & Directors for not filing Annual Return & Financial Statement

October 26, 2022 13971 Views 1 comment Print

The Company has not filed Annual Return(s) and Financial Statement(s) pursuant to sub-section (4) of Section 92 and sub-section (1) of Section 137 of the Act respectively for financial year ending 31.03.2021, thereby attracting penal provisions under sub-section (5) of Section 92 and sub­section (3) of Section 137 of the Act respectively. The offence is […]

Options to avail benefits under old pension scheme on death/Discharge of Govt servant under NPS

October 26, 2022 765 Views 0 comment Print

Options under Central Civil Services (Implementation of National Pension System) Rules, 2021 to avail benefits under old pension scheme on death of Government servant covered under National Pension System during service or his discharge from service on account of invalidation or disablement

Weekly newsletter from Chairman, CBIC dated 26/10/2022

October 26, 2022 627 Views 0 comment Print

officers of Directorate of Revenue Intelligence (DRI) intercepted two courier consignments in Mumbai which led to the recovery of 86.5 Kg of high-quality hydroponic weed (Cannabis) valued at over Rs. 39 Crore.

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