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Notifications/Circulars

Broker dealers incorporated in IFSC permitted to access exchanges outside IFSC

November 25, 2021 1554 Views 0 comment Print

IFSCA decided that registered broker dealers incorporated in IFSC shall be permitted to access exchanges in jurisdictions outside IFSC, subject to compliance with Chapter V of the CMI Regulations and the conditions laid out in this circular No. F. No. 416/IFSCA/Global Access/2021-22 Dated: November 25, 2021. International Financial Services Centres Authority CIRCULAR F. No. 416/IFSCA/Global […]

CBIC notifies Rate of Exchange of Turkish Lira wef 26.11.2021

November 25, 2021 504 Views 0 comment Print

CBIC notifies Rate of Exchange of Turkish Lira against Indian Rupees with effect from 26th November, 2021 vide Notification No. 94/2021- Customs (N.T.) | Dated: 25th November, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 94/2021 – Customs (N.T.) New Delhi, dated the […]

Guideline on TDS/TCS under Section 194O, section 194Q & Section 206C

November 25, 2021 24675 Views 0 comment Print

Guidelines under sub-section (4) of section 194-0, sub-section (3) of section 194Q and sub­section (1-I) of section 206C of the Income-tax Act, 1961

No violation by IP if he appoints internal auditor for ensuring transparency

November 25, 2021 1659 Views 0 comment Print

The DC notes the submission of Mr. Garg as to the allegation of charging the fee of the independent auditors to CIRP cost that there was a complete mistrust between the allottees & the Corporate Debtor. To bridge that mistrust between the Corporate Debtor & the allottees and for ensuring disclosure and greater transparency in […]

ROC Imposes 1.5 Crore Penalty for Violation of section 42 of Companies Act, 2013

November 24, 2021 12894 Views 0 comment Print

As per the provisions of Sub-Section (10) of Section 42 of Companies Act, 2013, if a company makes an offer or accepts monies In contravention of this section, the company, its promoters and directors shall be liable for a penalty which may extend to the amount Involved In the offer or Invitation or two crore […]

Filing of list of creditors under IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

November 24, 2021 1518 Views 0 comment Print

IBBI issued the Circular No. IBBI/CIRP/36/2020 dated 27th November, 2020 directing the IP to file the list of creditors and modification thereof in the stipulated format on electronic platform viz. www.ibbi.gov.in.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 25.11.2021

November 24, 2021 1617 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 25th November, 2021 vide Notification No. 93/2021- Customs (N.T.) | Dated: 24th November, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 93/2021 – Customs (N.T.) New Delhi, dated the […]

A person cannot register as valuer if serious criminal proceeding pending against him

November 24, 2021 1191 Views 0 comment Print

Pendency of the serious criminal proceeding against the applicant, as noted above, adversely impacts his reputation and makes him a person who is not ‘fit and proper’ to be eligible as a registered valuer. INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (Authority specified by the Central Government under section 458 of the Companies Act, 2013) ORDER […]

CBIC instruction on Import of teas from Nepal as Darjeeling Tea

November 24, 2021 1872 Views 0 comment Print

Darjeeling Tea is recognised for its unique flavour and qualities and has acquired tremendous domestic and international reputation. The DoC is in receipt of various communications raising concerns regarding import of tea from Nepal and the domestic sale of such imported teas as “Darjeeling Tea”, thereby adversely impacting the interests of the domestic Darjeeling Tea Planters.

Regarding extension of validity of NOC for Bottled Alcoholic Beverages

November 24, 2021 963 Views 0 comment Print

Instruction No. 24/2021-Customs | Direction under Section 16 (5) of Food Safety and Standards Act, 2006 regarding extension of validity of NOC for Alcoholic Beverages Bottled in Origin & in Bulk-reg

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