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Notifications/Circulars

Modification of Constitution to GoM on Casinos, Race Courses & Online Gaming

February 10, 2022 732 Views 0 comment Print

Partial Modification of Constitution to the Group of Ministers (GoM) on Casinos, Race Courses and Online Gaming In partial modification to the OM of even number dated 24.05.2021 & 11.06.2021 on the subject cited above, it is stated that reconstituted membership of the GoM is as follows: –

Reconstitution of GoM for boosting Real Estate Sector under GST

February 10, 2022 978 Views 0 comment Print

Constitution of Group of Ministers (GoM) for boosting Real Estate Sector under GST regime – In partial modification to the OM of even number dated 15.01.2019 & 05.01.2022 on the subject cited above, it is stated that reconstituted membership of the GoM is as follows: –

RBI keep policy repo rate under LAF unchanged at 4.0 per cent.

February 10, 2022 624 Views 0 comment Print

As I make this statement, the pandemic holds the global economy hostage once again. Despite signs of moderation, record numbers of daily infections in several countries and consequent containment measures are denting the pace of economic activity, especially in contact-intensive sectors, even as supply disruptions persist and restrained workforce participation tightens the labour markets.

Payment and Settlement Systems (Amendment) Regulations, 2022

February 10, 2022 4170 Views 0 comment Print

(i) These Regulations may be called the Payment and Settlement Systems (Amendment) Regulations, 2022. (ii) They shall come into force on the date of their publication in the Official Gazette.

CBDT corrects its mistake in Notification Numbering

February 10, 2022 990 Views 0 comment Print

CBDT has issued a Notification on 27.01.2022 and by Mistake numbered it as Notification No. Notification No. 12/2022-Income Tax while it already issued a notification with similar Number on 25.01.2022. CBDT has now corrected its Mistake and numbered Notification issued by it on 27.01.2022 as Notification No. 12/2022-Income Tax. MINISTRY OF FINANCE (Department of Revenue) […]

IP need not obtain permission of CoC for operational expenses

February 10, 2022 2199 Views 0 comment Print

The DC notes that the submission of Mr. Goel that he had incurred various expenses for the travel and stay of CoC members but not in the capacity as members of CoC but rather as ‘secured lenders of CD who wanted to visit premises of CD’ which is part of the ordinary course of business. […]

Safety Glass (Quality Control) Amendment Order, 2022

February 10, 2022 882 Views 0 comment Print

This Order may be called the Safety Glass (Quality Control) Amendment Order, 2022. (2) It shall come into force on the date of its publication in the Official Gazette.

Import policy of drone components & drones in CBU/CKD/SKD form

February 9, 2022 5670 Views 0 comment Print

ITC(HS) 2022 Schedule-1 (Import Policy) is notified in sync with the Finance Act, 2021. Import policy of drones in CBU/CKD/SKD form under HS Code 8806 is `Prohibited’ with exceptions provided for R&D, Defence and Security purposes. Import of drone components shall be ‘Free’. This shall come into force with immediate effect. Government of India Ministry […]

Audit Committee of Asset Management Companies (AMCs)

February 9, 2022 2046 Views 0 comment Print

It has been decided that the AMCs of mutual funds shall be required to constitute an Audit Committee. The role, responsibility, membership and other features of the Audit Committee of AMC are detailed in this circular.

Framework for conversion of Private Listed InvIT into Public InvIT

February 9, 2022 1677 Views 0 comment Print

A Private Listed InvIT may convert into a Public InvIT on making a public issue of units through a fresh issue and/or an offer for sale in terms of the InvIT Regulations in the manner provided at Annexure – A.

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