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Weekly newsletter from Chairman, CBIC dated 26/07/2021

July 26, 2021 516 Views 0 comment Print

On the Anti-smuggling front, acting on specific intelligence, officers of DRI Siliguri Regional Unit intercepted a vehicle coming from Guwahati and moving towards Lucknow. On thorough rummaging, 50 gold biscuits of foreign origin weighing about 8.3 Kg with an approximate value of Rs. 4.07 crore were found concealed in the said vehicle. The vehicle was seized and two persons have been arrested.

Commission for Air Quality Management in National Capital Region and Adjoining Areas Bill, 2021

July 26, 2021 504 Views 0 comment Print

Commission for Air Quality Management in National Capital Region and Adjoining Areas Bill, 2021 is been introduced in Lok Sabha on 30th July 2021. This Bill provide for the constitution of the Commission for Air Quality Management in National Capital Region and Adjoining Areas for better co-ordination, research, identification and resolution of problems surrounding the […]

Timelines related to processing of scheme related applications filed by AMCs

July 23, 2021 315 Views 0 comment Print

The application filed by AMCs for the following matters may be deemed to be taken on record in case no modifications are suggested or no queries are raised by SEBI within 21 working days:

Holding of AGM by top 100 listed entities by market capitalization

July 23, 2021 8478 Views 0 comment Print

After consideration, it has been decided to extend the timeline for conduct of AGM by top-100 listed entities by market capitalization. Accordingly, such entities shall hold their AGM within a period of six months from the date of closing of the financial year for 2020-21.

Nomination for Eligible Trading and Demat Accounts

July 23, 2021 1740 Views 0 comment Print

Investors opening new trading and or demat account(s) on or after October 01, 2021, shall have the choice of providing nomination or opting out nomination, as follows;

Customs Brokers Licensing (Amendment) Regulations, 2021

July 23, 2021 2964 Views 0 comment Print

8A. Surrender of License. – (1) A licensee may surrender the license granted under Customs House Agents Licensing Regulations, 1984, the Customs House Agents Licensing Regulations, 2004, the Customs Brokers Licensing Regulations, 2013 or the Customs Brokers Licensing Regulations, 2018 through a written request to the Principal Commissioner of Customs or Commissioner of Customs who has issued the license, as the case may be.

Sea Cargo Manifest and Transhipment (Fifth Amendment) Regulations, 2021.

July 23, 2021 582 Views 0 comment Print

(1) An authorised carrier may surrender his registration issued under regulation 3 through a written request to the Jurisdictional Commissioner of Customs. (2) On receipt of the request under sub-regulation (1), the Jurisdictional Commissioner of Customs may revoke the registration, if, –

CBIC relaxes Customs Brokers Licensing Regulations

July 23, 2021 1650 Views 0 comment Print

CBIC has decided to abolish renewals of Licence/Registration in Customs Brokers Licensing Regulations, 2021 and Sea Cargo Manifest and Transhipment Regulations, 2018 incorporating the following changes: a. To provide lifetime validity of the licenses/registrations; b. To enable provision for making the licenses/registrations invalid in case the licensee/registration holder is inactive for the period exceeding 1 year at a time;

RBI relaxes restriction on personal loans granted to any director of other banks

July 23, 2021 567 Views 0 comment Print

On a review, it has been decided that For personal loans granted to any director of other banks, the threshold of Rupees twenty-five lakh, as mentioned in para 2.2.1.2, stands revised to Rupees five crore.

MahaRERA: Procedure for transferring or assigning promoter’s rights & liabilities to a third party

July 23, 2021 9297 Views 0 comment Print

Cases where the transfer is initiated by the promoter: The promoter shall have to apply to MahaRERA with the consent of two-third allottees as on the date of application in the project under consideration, to seek permission to transfer its rights and liabilities to a third party.

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