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Notifications/Circulars

93% of ₹2000 Banknotes in Circulation as of May 19, 2023 Returned

September 1, 2023 747 Views 0 comment Print

Reserve Bank of India’s decision to withdraw ₹2000 banknotes has been highly effective, with 93% of these notes already returned from circulation.

Mineral (Auction) Amendment Rules, 2023

September 1, 2023 1314 Views 0 comment Print

(1) These rules may be called the Mineral (Auction) Amendment Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette.

Electricity (Third Amendment) Rules, 2023

September 1, 2023 2880 Views 0 comment Print

These rules may be called the Electricity (Third Amendment) Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette.

Additional Director appointment Beyond AGM date: MCA Imposes Penalty

August 31, 2023 1308 Views 0 comment Print

Government of India, Ministry of Corporate Affairs penalizes Mayflower Infra Realty for violating Section 161 of Companies Act, 2013. Detailed analysis of the case and imposed penalty.

IFSCA Circular: Additional AML Measures for Regulated Entities in GIFT-IFSC

August 31, 2023 897 Views 0 comment Print

IFSCA specifies the following additional measures to be complied by all Regulated Entities: 1. In a cross-border wire transfer where the amount to be transferred is equal to USD 1000, every bank which is an ordering institution shall also comply with the requirements specified under clause 7.7.3(a) of the Guidelines.

Revised SION’s for the leather, leather products and footwear

August 31, 2023 1104 Views 0 comment Print

Standard Input Output Norms (SIONs) for Leather, Leather Products and Footwear and General Note for Leather & Leather Products stand amended with effect from 15.09.2023. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) Public Notice No. 30/2023-DGFT | Dated: 31st, August, 2023 Subject: Revised SION’s for the leather, leather products […]

Merchant Bankers/Issuers Advised to File Abridged Prospectus in XBRL Format

August 31, 2023 1077 Views 0 comment Print

NSE has now established a provision that requires the filing of the Abridged Prospectus in the XBRL (eXtensible Business Reporting Language) format.

Tariff Value Update: Edible Oils, Metals and Areca Nut wef 01.09.2023

August 31, 2023 1611 Views 0 comment Print

An overview of latest tariff values for Edible Oils, Brass Scrap, Gold, Silver, and Areca Nut as amended by Notification No. 63/2023- Customs(N.T.)  Dated: 31st August, 2023

CBIC exempt LPG, Liquified Propane and Liquified Butane from levy of AIDC

August 31, 2023 1458 Views 0 comment Print

The Ministry of Finance, Department of Revenue has released a new notification numbered 51/2023-Customs on 31st August 2023. This notification announces critical amendments to a previous notification, No. 11/2021-Customs, which dates back to 1st February 2021. The primary focus of the amendment is to exempt LPG, Liquified Propane, and Liquified Butane from the levy of […]

Nickel (Quality Control) Order, 2023

August 31, 2023 2475 Views 0 comment Print

On August 31st, 2023, the Ministry of Mines in India released a crucial directive under the Bureau of Indian Standards Act, 2016. Named as the Nickel (Quality Control) Order, 2023, this order aims to standardize the quality of nickel powder produced within the country. The order mandates the compulsory use of Standard Mark licensed by […]

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