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Notifications/Circulars

Calendar Spread margin benefit in commodity futures contracts extended to first 6 expiries

August 9, 2021 300 Views 0 comment Print

In case of calendar spreads or spreads consisting of two contract variants having the same underlying commodity (wherein currently 75% benefit in initial margin is permitted), benefit in initial margin shall be permitted when each individual contract in the spread is from amongst the first six expiring contracts.

Juvenile Justice (Care and Protection of Children) Amendment Act, 2021

August 9, 2021 1140 Views 0 comment Print

(1) This Act may be called the Juvenile Justice (Care and Protection of Children) Amendment Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

The Factoring Regulation (Amendment) Act, 2021

August 9, 2021 3426 Views 0 comment Print

Every factor shall register the particulars of every transaction of assignment of receivables in his favour with the Central Registry set-up under section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, within such time from the date of such assignment, in such manner and subject to payment of such fee, as may be prescribed.

Anti dumping duty on imports of Phthalic Anhydride

August 9, 2021 2805 Views 0 comment Print

Seeks to levy anti dumping duty on imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP and Thailand for a period of five years. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 9th August, 2021 Notification No. 43/2021-Customs (ADD) G.S.R. 543(E).—:—Whereas, in the matter of “Phthalic Anhydride” […]

SOP for Penalties under Faceless Penalty Scheme-2021

August 9, 2021 18696 Views 0 comment Print

I am directed to convey that the following Standard Operating Procedure (SOP) is prescribed with the approval of CBDT for completing the penalties under the FPS-2021:-

Constitution (One Hundred and Twenty-seventh Amendment) Bill, 2021

August 9, 2021 594 Views 0 comment Print

In order to adequately clarify that the State Government and Union territories are empowered to prepare and maintain their own State List/ Union territory List of SEBCs and with a view to maintain the federal structure of this country, there is a need to amend article 342A and make consequential amendments in articles 338B and […]

Corporate Governance & Disclosure Requirements for a Finance Company- Guidelines

August 9, 2021 1080 Views 0 comment Print

The generic guidelines as contained in Part I of this Circular shall be applicable to every Finance Company registered with the International Financial Services Centres Authority (hereinafter referred to as ‘Authority’) under regulation 3 of the Regulations.

IFSCA (Finance Company) Regulations, 2021- Clarification

August 9, 2021 468 Views 0 comment Print

It is clarified that an entity which has obtained a certificate of registration or authorisation for a specific activity either under a framework or a regulation administered by IFSCA, shall not be required to seek a fresh registration under the Finance Company Regulations for carrying out the same activity, which is a permissible activity under regulation 5 of the said Regulations.

Guidelines for engaging agents for facilitating distribution of pension schemes

August 9, 2021 492 Views 0 comment Print

The POP, where BCs or Agents are part of their already existing business structure may engage them for facilitating the distribution of pension schemes as well.

Anti-subsidy investigation on imports of Viscose Rayon Filament Yarn

August 9, 2021 1587 Views 0 comment Print

Case No. CVD OI- 05/2020 Anti-subsidy investigation concerning imports of ―Viscose Rayon Filament Yarn above 60 deniers originating in or exported from China PR.

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