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Notifications/Circulars

Failure to Maintain Registered Office- MCA imposes Penalty of Rs. 4 Lakh

August 18, 2021 402 Views 0 comment Print

Introduction: The Ministry of Corporate Affairs (MCA) has imposed a penalty of Rs. 4 lakh on Oliveshine Mutual Benefit Nidhi Limited for failing to maintain a registered office, a violation of Section 12(1) read with Section 12(8) of the Companies Act, 2013. This article delves into the details of this penalty and the implications it […]

General Insurance Business (Nationalisation) Amendment Act, 2021

August 18, 2021 801 Views 1 comment Print

(1) This Act may be called the General Insurance Business (Nationalisation) Amendment Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

75 transfer/postings in the grade of ACIT/DCIT

August 18, 2021 3189 Views 0 comment Print

Office Order No. 209 of 2021 The following transfer/postings (Local changes) of the officers in the grade of Assistant/Deputy Commissioner of Income Tax, are hereby ordered with immediate effect and until further orders:

RBI introduces Financial Inclusion Index

August 17, 2021 525 Views 0 comment Print

Reserve Bank of India has constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country. The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with Government and respective sectoral regulators.

SEBI notifies Penalty for Repeated Delivery Default

August 17, 2021 336 Views 0 comment Print

It is felt that there is a need to put in place a suitable deterrent mechanism to address instances of repeated delivery defaults. This is expected to further strengthen the delivery mechanism and ensure market integrity.

CBIC restricts Clarifications by Custom Directorates/Commissionerates/Audit

August 17, 2021 810 Views 0 comment Print

As you are aware, in order to promote information sharing on the modus operandi, findings or observations detected during the investigation, audit or risk analysis etc., there exists a practice of issuing Circulars/Reports/Alerts etc by the Directorates/Commissionerates/Audit to all the Zones.

Scheme Guidelines for Remission of Duties & Taxes on Exported Products (RoDTEP)

August 17, 2021 20280 Views 0 comment Print

Scheme guidelines and rates for the new Scheme for Remission of Duties and Taxes and Exported Products have been notified. Finally the wait is over. As per notification 19/2015-20 dated 17/08/21 Appendix 4R of the foreign trade policy the rates for the RoDTEP has been announced. What is RODTEP It is a scheme  introduced in […]

Officers to Forward verification requests on origin of imported goods to CBIC

August 17, 2021 1092 Views 0 comment Print

Officers under your charge may be advised to ensure that enquiries on origin of imported goods are handled and all verification requests are forwarded to the Board strictly in terms of provisions of CAROTAR, 2020 following prescribed standard procedures, formats and timelines.

222 transfer/postings of the officers in the grade of PCIT/PDIT

August 17, 2021 6426 Views 0 comment Print

Office Order No. 206 of 2021 In supersession of all earlier orders, the following transfer/postings of the officers in the grade of Principal Commissioners of Income Tax/Principal Directors of Income Tax, are hereby ordered with immediate effect and until further orders:

Procedure & Criteria for submission & approval of applications for export of COVID-19 Rapid Antigen Testing kits

August 17, 2021 519 Views 0 comment Print

Exporters are requested to apply for export license by filing applications online through DGFT’s ECOM system for Export authorizations (Non-SCOMET Restricted items) — Please refer Trade Notice No. 50 dated 18.03.2019. There is no need to send any hard copy of the application via mail or post.

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