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Notifications/Circulars

Forum of Regulators (Amendment) Rules, 2022 under Electricity Act

September 8, 2022 966 Views 0 comment Print

MINISTRY OF POWER NOTIFICATION New Delhi, the 8th September, 2022 G.S.R. 691(E).—In exercise of the powers conferred by sub-section (1) of section 176 read with sub-sections (2) and (3) of section 166 of the Electricity Act, 2003 (36 of 2003), the Central Government hereby makes the following rules, to amend the Forum of Regulators Rules, […]

Distribution of Electricity Licence (Additional Requirements of Capital Adequacy, Creditworthiness and Code of Conduct) (Amendment) Rules, 2022

September 8, 2022 1713 Views 0 comment Print

These rules may be called the Distribution of Electricity Licence (Additional Requirements of Capital Adequacy, Creditworthiness and Code of Conduct) (Amendment) Rules, 2022.

Company not appointed internal auditors – MCA imposes penalty

September 8, 2022 5124 Views 0 comment Print

Indira IVF Hospital Private Limited, along with key officers, recently underwent an adjudication process for failing to appoint internal auditors as mandated by Section 138 of the Companies Act, 2013. This article provides a detailed analysis of the violation, the arguments presented, and the penalty imposed by the Registrar of Companies, Rajasthan, Jaipur. The case […]

Lack of clarity is no valid argument for Insolvency Professional: IBBI

September 7, 2022 1104 Views 0 comment Print

In view of the submission made by Mr. Sanjit Kumar Nayak, and materials available on record, DC notes that Sanjit Kumar Nayak should have been more careful and vigilant in conducting the CIRP and Liquidation process. The deficiencies as noticed and conceded by Mr. Sanjit Kumar Nayak, with little care and knowledge of the statute, […]

Elections to ICSI Council & Regional Councils, 2022 – Venue & Schedule

September 7, 2022 1857 Views 0 comment Print

Duration of 13th ICSI Council and Regional Councils shall expire on 18th January, 2023, the elections for constitution of new Council and Regional Councils shall be held as notified

Notification No. 48/2022-Customs, Dated: 07.09.2022

September 7, 2022 1497 Views 0 comment Print

Seeks to amend notification No. 57/2000-Customs, dated the 8th May, 2000 to apply IGCR Rules with effect from 01.10.2022 vide Notification No. 48/2022-Customs, Dated: 07.09.2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 48/2022-Customs | Dated: 7th September, 2022 G.S.R. 688(E).—In exercise of the powers conferred by sub-section (1) of section 25 of […]

IGCR Rules applicable with effect from 01.10.2022

September 7, 2022 14871 Views 0 comment Print

CBIC amends notification No. 56/2000-Customs, dated the 5th May, 2000 to apply Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 (IGCR Rules) with effect from 01.10.2022 vide Notification No. 47/2022-Customs | Dated: 7th September, 2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 47/2022-Customs | Dated: 7th September, 2022 G.S.R. […]

Risk-based processing of shipping bills with claim of duty drawback – Reg.

September 7, 2022 825 Views 0 comment Print

Government of India Ministry of Finance Commissioner of Customs, NS-Audit Jawaharlal Nehru Custom I-louse Nhava Sheva, Tal: Uran. Dist: Raigad. Maharashtra-400 707 F.No. S2-PCA-Gen-101/2018-19/JNCH Pt. III Date: 07.09.2022 Standing Order No. 11/2022-23 Sub.: Implementation of RMS for processing of Duty Drawback claims. -Reg. CBIC has issued Circular No. 15/2021-Cus dated 15/07/2021, regarding the above-mentioned subject. […]

Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS)

September 7, 2022 1329 Views 0 comment Print

The guarantees provided under the respective schemes should comply with the requirements for credit risk mitigation in terms of paragraph 7.5 of the Master Circular on Basel III Capital Regulations dated April 1, 2022 which inter alia requires such guarantees to be direct, explicit, irrevocable and unconditional

NSE Guidance note on use of digital signature by listed companies

September 7, 2022 7968 Views 0 comment Print

Presently, listed companies shall submit all corporate announcements using DSC except Outcome of Board meeting which includes only financial result

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