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Clarification: No Expert Committee Formation by SEBI for SCRA Changes

July 14, 2023 846 Views 0 comment Print

Get the clarification on the news item regarding the formation of an expert committee by Securities and Exchange Board of India (SEBI) for suggested changes to the Securities Contract Regulation Act (SCRA). SEBI confirms no committee formation or ongoing discussions for enhanced prosecution powers.

Guidance on Filing Announcements: SEBI LODR Amendments 2023

July 14, 2023 2631 Views 0 comment Print

Stay updated on the SEBI LODR amendments 2023. Get guidance on filing announcements through BSE listing center and NSE Electronic Application Processing System (NEAPS) platform. Ensure timely and transparent disclosure of material events by listed entities.

Exemption of RRBs from certain provisions of Competition Act

July 14, 2023 879 Views 0 comment Print

Ministry of Corporate Affairs has issued a notification granting Regional Rural Banks (RRBs) exemption from certain provisions of Competition Act for a period of five years. Learn more about this exemption and its implications for RRBs in India.

SEBI: Non-Executive Director Not in Default if Company Has Active MD

July 14, 2023 2595 Views 0 comment Print

In a recent decision, the Securities and Exchange Board of India (SEBI) found Alchemist Holdings Limited and its directors to be in non-compliance with public issue norms, thus initiating proceedings against certain non-executive directors. However, the order clarified that a non-executive director could not be deemed as an ‘officer who is in default’ if the company […]

Increase in SAED on Petroleum Crude Production: Rs. 1,600/tonne from July 15, 2023

July 14, 2023 759 Views 0 comment Print

Ministry of Finance has raised the Special Additional Excise Duty (SAED) on the production of Petroleum Crude and export of Aviation Turbine Fuel. The new rate of Rs. 1,600 per tonne will be effective from July 15, 2023.

ICAI Removes Names of CAs for Misconduct

July 14, 2023 3876 Views 1 comment Print

Read the notifications from the Institute of Chartered Accountants of India (ICAI) regarding the removal of names of Chartered Accountants (CAs) due to professional misconduct. Find out the duration of removal and penalties imposed.

Insulated Flask, Bottles and Containers for Domestic Use (Quality Control) Order, 2023

July 14, 2023 1194 Views 0 comment Print

Read about the Insulated Flask, Bottles, and Containers (Quality Control) Order, 2023 issued by the Ministry of Commerce and Industry. The order mandates the compulsory use of standard marks for specified goods, with exemptions for certain enterprises. The Bureau of Indian Standards is designated as the certifying and enforcing authority.

Resin treated compressed wood laminates (Quality Control) Order, 2023

July 14, 2023 1170 Views 0 comment Print

Read about the Resin Treated Compressed Wood Laminates (Quality Control) Order, 2023 issued by the Ministry of Commerce and Industry. The order mandates the compulsory use of standard marks for specific goods and articles and designates the Bureau of Indian Standards as the certifying and enforcing authority.

Updated Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold & Silver – Notification 53/2023

July 14, 2023 1074 Views 0 comment Print

Stay informed about the latest amendments in the tariff values of edible oils, brass scrap, areca nut, gold, and silver. Read Notification 53/2023 by the Ministry of Finance, Government of India, and understand the revised values for customs duties. Effective from July 15, 2023.

Ministry Dispenses with SOFTEX and Invoice Submission by SEZ Units

July 14, 2023 3306 Views 0 comment Print

Read Instruction No. 113 issued by the Government of India’s Ministry of Commerce & Industry, Department of Commerce, SEZ Division. The instruction aims to streamline the compliance process for SEZ units by eliminating the need for physical copies of SOFTEX forms and invoices, promoting ease of doing business.

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