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Notifications/Circulars

Modification to SOP in cases of Trading/Clearing Member leading to default

May 27, 2022 1050 Views 0 comment Print

ISE / SEs / CCs shall endeavour to settle the claims of maximum number of clients by way of interim measures, under their supervision prior to issuing show cause notice (SCN) for declaring the TM a defaulter. The TM shall be instructed to pay small investors out of available funds and own resources (movable and immovable) under the supervision of the ISE/ SEs.

Modifications in definition of Critical Illnesses prescribed in Guidelines on Standardization in Health Insurance

May 27, 2022 1455 Views 0 comment Print

Prescribing nomenclature and procedure for 22 critical illnesses that may form part of health insurance policies. Insurers were mandated to use the definitions without exception wherever the products cover any of the Critical Illnesses specified in the guidelines.

Premature redemption under Sovereign Gold Bond (SGB) Scheme

May 27, 2022 2226 Views 0 comment Print

Premature redemption under Sovereign Gold Bond (SGB) Scheme – Redemption Price for premature redemption due on May 30, 2022 (Series I of SGB 2015)

65 transfer/postings in the grade of DCIT/ACIT (Local Changes)]

May 27, 2022 2937 Views 0 comment Print

Office Order No.105 of 2022 –  65 transfer/postings in the grade of DCIT/ACIT (Local Changes)] F.No. A.22013/1/2022-Ad.VI (Part-I) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 27.05.2022 Office Order No. 105 of 2022 The following transfer/postings (Local changes) of the officers in […]

IRDAI directs insurers  to comply with awards passed by Insurance Ombudsman

May 26, 2022 1461 Views 0 comment Print

Insurers were cautioned that non-compliance of awards passed by Insurance Ombudsman within the prescribed timelines would be viewed very seriously.

IBBI suspends registration of IP for a period of two years

May 26, 2022 900 Views 0 comment Print

It is to be noted that as per provisions of Code and regulations made thereunder, Committee of Creditors can be constituted only after receiving and collating the claims received by the IRP and verification thereof. There is no evidence on record to show that Mr. Gupta while discharging his duty as IRP, has collated and […]

Late fees for GSTR 4 waived till from 1.5.2022 to 30.06.2022

May 26, 2022 19134 Views 1 comment Print

Seeks to waive off the late fee under section 47 for the period from 01.05.2022 till 30.06.2022 for delay in filing FORM GSTR4 – Notification No. 07/2022–Central Tax | Dated: 26th May, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 07/2022–Central Tax | Dated: 26th […]

Bharat Bill Payment System – Amendment to guidelines

May 26, 2022 792 Views 0 comment Print

As announced in the Statement on Development and Regulatory Policies dated April 08, 2022, the minimum net-worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) stands reduced to ₹25 crore. The BBPS guidelines have been suitably amended.

‘Deinon’ guilty of acting as insurance intermediary without Registration: IRDAI

May 25, 2022 1401 Views 0 comment Print

Deinon, by acting in the capacity of insurance intermediary by offering and transacting such services, without having a registration from the Authority is in violation section 42D(8) of the Act.

Amendment in import policy of Paper

May 25, 2022 5949 Views 0 comment Print

Import of Paper brought under Compulsory Registration from 1st October Import policy of Specific tariff lines under Chapter 48 of ITC(HS) 2022 as given at Annexure -I to this Notification is revised from ‘Free’ to ‘Free subject to compulsory registration under Paper Import Monitoring System (PIMS)’. Move addresses dumping concerns of domestic paper industry and […]

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