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Notifications/Circulars

Master Direction – Classification, Valuation & Operation of Investment Portfolio of Commercial Banks (Directions), 2021 – Amendment

March 23, 2022 1095 Views 0 comment Print

The Master Direction outlines the prudential treatment for investment in Venture Capital Funds (VCFs). We have received queries from banks regarding the applicability of these instructions for investment in Alternative Investment Funds (AIFs).

Functionality for Restoration of Cancelled GST Registration based on Appellate order

March 23, 2022 16443 Views 0 comment Print

Now, a functionality in the name of ‘Restoration of Cancelled Registration’ has been developed and deployed e.f. 23.03.2022, to facilitate the jurisdictional Range officers to restore the registrations in pursuance of judicial / appellate orders.

New Rule of E-Way Bill in M.P from April,15 2022

March 23, 2022 68763 Views 1 comment Print

In supersession of this department’s notification no. F-A-3-08-2018-1-V(43) Bhopal, dated 24th April, 2018 as amended from time to time, hereby notifies that no E-way bill is required to be generated for the movement of the goods as mentioned in the Table below :-

IFSCA (Performance Review Committee) Regulations, 2022

March 23, 2022 990 Views 0 comment Print

These regulations may be called International Financial Services Centres Authority (Performance Review Committee) Regulations, 2022.

Change in control of Sponsor and/or Manager of AIF involving scheme of arrangement

March 23, 2022 4155 Views 0 comment Print

The application seeking approval for the proposed change in control of the Sponsor and/or Manager of the AIF under Regulation 20(13) of AIF Regulations shall be filed with SEBI prior to filing the application with the NCLT;

Companies (Indian Accounting Standards) Amendment Rules, 2022

March 23, 2022 26514 Views 0 comment Print

MCA notifies Companies (Indian Accounting Standards) Amendment Rules, 2022 vide Notification No. G.S.R 255(E) Dated: 23rd March, 2022 and further amended Companies (Indian Accounting Standards) Rules, 2015. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 23rd March, 2022 G.S.R 255(E).—In exercise of the powers conferred by section 133 read with section 469 of the Companies […]

Care to be taken while revocation of cancellation of GST registration

March 23, 2022 2085 Views 0 comment Print

On receipt of application for revocation of cancellation of registration, the proper officer shall pay a visit to the POB of the taxpayer in order to ensure that the taxpayer is in genuine business from his premises. This will ensure that the revocation is not done in the ease of non-existent / non-genuine tax payer.

IBC 2016 provides for inclusion of financial creditors in a class in CoC

March 22, 2022 4293 Views 0 comment Print

The DC notes that regulation 8 (1) of the CIRP Regulations provides for Form C for submission of claim by financial creditors other than class of creditors, while regulation 8A of the CIRP Regulations provides for Form CA for submission of claim by financial creditor belonging to a class. Further, regulation 8(2) and regulation 8A […]

Ashwani Bhatia appointed as Whole Time Member, SEBI

March 22, 2022 570 Views 0 comment Print

Central Government hereby appoints Shri Ashwani Bhatia, Managing Director, State Bank of India as Whole Time Member of the Securities and Exchange Board of India, initially for a period of 03 years from the date of assumption of charge of the post, or until further orders, whichever is earlier. MINISTRY OF FINANCE (Department of Economic […]

Eligibility condition of ESIC COVID-19 RELIEF SCHEME relaxed

March 22, 2022 1941 Views 0 comment Print

The deceased Insured Person must have been in employment on the date of diagnosis of COVID-19 disease and contributions for at least 35 days should have been paid or payable in respect of him/her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in death.

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