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Notifications/Circulars

Notification No. 01/2022-Union Territory Tax, Dated: 31.03.2022

March 31, 2022 960 Views 0 comment Print

Notification No. 01/2022-Union Territory Tax, Dated: 31.03.2022 –  Seeks to amend notification no. 02/2019-Union Territory Tax to implement special composition scheme for Brick Kilns, as recommended by 45 GSTC MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 01/2022-Union Territory Tax G.S.R. 244(E).—In exercise of the powers conferred by clause […]

FCRA: Extension of Time for Submission of online Annual Returns

March 31, 2022 18240 Views 1 comment Print

Central Government  extends the time for submission/uploading of online annual returns (Form FC-4 with scanned copies of income and expenditure statement, receipt and payment account and balance sheet) under Foreign Contribution (Regulation) Rules, 2011 for the year 2020-­21 up to 30th  June, 2022. As per rule 17 of the Foreign Contribution (Regulation) Rules, 2011, every person who receives […]

Appointment of 2 firms for same task by IRP/RP appears to be unreasonable: IBBI

March 31, 2022 1122 Views 0 comment Print

In the instant matter, Mr. Chakraborty appointed PwC LLP to support him in identifying resolution applicants whereas the scope of work of M/s Kirtane & Pandit included to check if the resolution applicants and connected persons are not ineligible persons under section 29A. Identification of resolution applicants certainly includes checking their eligibility under section 29A. […]

NHAI discontinue Section 54EC Capital Gain Bonds issuance w.e.f. 01.04.2022

March 31, 2022 29916 Views 0 comment Print

The Government of India in IEBR for FY 2022-23 have not mandated NHAI to raise funds from the market. Therefore. NHAI shall not issue 54 EC Bonds and any other debt instruments/Bonds etc. w.e.f. 01.04.2022. All are requested to please take a note of It and advise all your associates/brokers not to accept any fresh application and application money intended for allotment w.e.f. 01.4.2022 onwards.

IFSCA Guidelines for Liquidity Enhancement Scheme

March 31, 2022 612 Views 0 comment Print

Liquidity in the listed securities is a crucial determinant of success of Stock Exchanges in any jurisdiction. However, in a nascent stage of a jurisdiction, attracting liquidity on a Stock Exchange may require certain incentives for market participants.

Revision of interest rates for Small Savings Schemes w.e.f. 01.04.2022

March 31, 2022 1245 Views 0 comment Print

Rate of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2022-23 (starting from 1st April, 2022 and ending on 30th June, 2022) shall remain unchanged from the current interest rates applicable for the fourth quarter (1st January, 2022 to 31st March, 2022) of Financial Year 2021-2022.

IRDAI extends dispensation for physical signatures on General Insurance proposal forms

March 31, 2022 597 Views 0 comment Print

IRDAI decided to further extend the dispensation allowed for  General Insurance proposal in physical form and wet signature on the proposal form  upto the period of 30/09/2022. Insurance Regulatory And Development Authority of India Ref: IRDAI/NL/CIR/MISC/060/03/2022 Date: 31st March, 2022 To All General Insurers Sub: (a) Issuance of Electronic Policies and (b) Dispensing with physical […]

Processing of waiver applications by Exchanges in case of commonly listed entities

March 31, 2022 6465 Views 0 comment Print

SEBI directed the Exchanges to put in place a framework to monitor submissions made by listed entities and to initiate actions such as levy of penalties, moving of security to ‘Z’ category, freezing of promoter holdings and suspension of trading in securities of non-compliant listed entities

IRDAI extends dispensation for physical signatures on General & Health Insurance proposal forms

March 31, 2022 735 Views 0 comment Print

IRDAI extends the facilitation of dispensing with physical signatures and wet signature on General & Health Insurance proposal forms in respect of health insurance policies for a further period of SIX (6) months i.e  up to the period 30.9.2022. INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Circular Extension of timelines for Dispensing with Physical documents and […]

Changes in Customs Act vide Sections 86, 87, 88 & 94 of Finance Act, 2022

March 31, 2022 2742 Views 0 comment Print

Changes in the Customs Act, 1962 vide Sections 86, 87, 88 and 94 of the Finance Act, 2022 (enacted on 30.03.2022) and notifications related thereto with reference to appointment of officers of customs and assignment of functions

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