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Notifications/Circulars

Export of Wheat- RAs will do physical verification of all LCs

May 30, 2022 474 Views 0 comment Print

Henceforth all RC applications found eligible for approval after physical verification of the LCs by the RAs, would be sent to a 2 member committee of Addl DGFTs constituted in DGFT (Hqrs) for further checking and approval.

Processing of ASBA applications in Public Issue of Equity Shares & Convertibles

May 30, 2022 798 Views 0 comment Print

The processing of ASBA applications in the Public Issues by market intermediaries and SCSBs has been reviewed. As a part of the continuing efforts to further streamline the bidding process and to ensure the orderly development of securities market, a need has been felt to implement the ASBA process in line with the aforementioned circulars.

Modification in Cyber Security & Cyber resilience framework of KRAs

May 30, 2022 537 Views 0 comment Print

KRAs are mandated to conduct comprehensive cyber audit at least twice a financial year. All KRAs shall submit a declaration from the MD/ CEO certifying compliance by the KRAs with all SEBI Circulars and advisories related to Cyber security from time to time, along with the cyber audit report.

Weekly newsletter from Chairman, CBIC dated 31/05/2022

May 30, 2022 729 Views 0 comment Print

I would like to reiterate a message that bears repetition till we have internalized it fully viz. that as an organization, we stand for zero-tolerance for behavior that in any manner compromises our integrity or our professional excellence.

Section 8 companies cannot change objects to include Micro Finance/Credit

May 30, 2022 4200 Views 0 comment Print

Micro Finance/Micro Credit as an object in Object Clause of Memorandum of Association (MoA) of Section 8 companies not allowed

CBDT notifies Income-tax Authority for section 143(2) notice

May 28, 2022 6228 Views 0 comment Print

CBDT authorises Assistant Commissioner of Income Tax/ Deputy Commissioner of Income Tax (International Taxation), Circle -1(1)(1), Delhi to act as the ‘Prescribed Income-tax Authority’ for the purpose of issuance of notice under sub-section (2) of section 143 of the Act. MINISTRY OF FINANCE Department of Revenue Central Board of Direct Taxes New Delhi. Notification No. […]

Faceless Penalty (Amendment) Scheme, 2022- Reg.

May 27, 2022 1581 Views 0 comment Print

National Faceless Penalty Centre, in accordance with the guidelines issued by the Board, may,–– (a) in a case where imposition of penalty has been proposed, convey to the penalty unit to pass the penalty order as per penalty imposition proposal referred to in sub-clause (a) of clause (xv)

Faceless Penalty (Amendment) Scheme, 2022

May 27, 2022 2520 Views 0 comment Print

(1) This Scheme may be called the Faceless Penalty (Amendment) Scheme, 2022. (2) It shall come into force on the date of its publication in the Official Gazette.

Filing of Form 11 by LLP allowed upto 30th June 2022

May 27, 2022 30714 Views 0 comment Print

Relaxation in paying additional fees in case of delay in filing Form 11(Annual Return) by Limited Liability Partnerships up to 30th June, 2022.

SEBI directs QRTAs to communicate status of implementation of SEBI Circular on Cyber Security & resilience Audit

May 27, 2022 618 Views 0 comment Print

QRTAs are mandated to conduct comprehensive cyber audit at least twice in a financial year. All QRTAs shall submit a declaration from the MD/ CEO certifying compliance by the QRTAs with all SEBI Circulars and advisories related to Cyber security from time to time, along with the Cyber audit reports.

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