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Notifications/Circulars

Companies (Management and Administration) Amendment Rules, 2022

April 6, 2022 6492 Views 0 comment Print

(1) These rules may be called the Companies (Management and Administration) Amendment Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

Notification No. 20/2022 – Customs, Dated: 06.04.2022

April 6, 2022 3939 Views 0 comment Print

Amendment to the Notification No. 40/2015-Customs dated 21.07.2015 to substitute the name of M/s International Institute of Diamond Grading & Research India Pvt Ltd by M/s De Beers India Pvt Ltd MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 6th April, 2022 Notification No. 20/2022 – Customs […]

No violation if IRP allowed higher interest rate as per RERA Court order

April 6, 2022 2148 Views 0 comment Print

The DC notes the submission of Mr. Singal that admission of higher interest was not possible if claims were continued to be classified under FC in class category and since in RERA decree, the Hon’ble Court has allowed interest ranging from 8-18% and, therefore, he had no option but to allow them interest as per […]

IBBI suspends registration of Registered Valuer Entity for disqualification of its director

April 6, 2022 1029 Views 0 comment Print

In the instant matter, the Authority notes that the limited issue for consideration before it is whether suspension of one of the directors of the Yardi Prabhu Consultants & Valuers Pvt. Ltd., Registered Valuer Entity (RV-E) affects the eligibility of the valuer for continuing as RV. In this regard, the Authority notes that as per […]

Nomination by pensioners under Payment of Arrears of Pension (Nomination) Rules, 1983

April 6, 2022 2256 Views 0 comment Print

References/representations have been received in this Department mentioning that Pension of deceased pensioners is not often revised based on recommendation of Pay Commission etc and arrears of pension in respect of deceased pensioner are not paid by the Pension Disbursing Bank to the nominee.

No detention of Goods in the course of transport on the ground of undervaluation

April 6, 2022 6543 Views 0 comment Print

All concerned are hereby directed not to detain or issue any Show Cause Notice to the goods under transport or stored in parcel agencies, raising the sole reason for undervaluation of the goods compared to the Maximum Retail Price (MRP).

Delay in intimation of Change in Object Calsue – MCA Imposes Penalty

April 6, 2022 780 Views 0 comment Print

This document is a notice issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli, under the Ministry of Corporate Affairs, India. The notice pertains to the adjudication of a penalty against Starnet Real Estate Development Limited (formerly known as Starnet Software (India) Limited) for violation of Section 117 of the Companies Act, 2013. […]

Delayed submission of special resolution altering MOA- MCA imposes penalty

April 6, 2022 837 Views 0 comment Print

The order states that the members of the company had passed a special resolution to alter the main objects clause of the Memorandum of Association at an Extraordinary General Meeting held on January 30, 2021. As per Section 117 of the Companies Act, 2013, the resolution was required to be filed within 30 days. However, the company filed the required form, MGT-14, with a delay of 261 days.

Regarding correct submission of return(s) under GST

April 5, 2022 2721 Views 1 comment Print

The Section 53 of CGST Act/RGST Act and Section 17, 18 of the IGST Act read with the Goods and Services Tax Settlement of Funds Rules, 2017 provides for the manner of cross utilization of IGST or may be of SGST and apportionment of IGST between Centre, States and within State for the purpose of settlement or transfer of funds from the Centre to State or vice versa.

Revision of UPI limits in Public Issue of Equity Shares and convertibles

April 5, 2022 681 Views 0 comment Print

NPCI has reviewed the systemic readiness required at various intermediaries to facilitate the processing of applications with increased UPI limit and confirmed that as on March 30, 2022, more than 80% of SCSBs/Sponsor Banks/UPI Apps have conducted the system changes and have complied with the NPCI provisions.

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