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Notifications/Circulars

Company Penalized for Not Including Cash Flow Statement in AOC-4

July 10, 2023 7533 Views 0 comment Print

SMP Constructions, penalized by MCA for failing to attach Cash Flow Statement with AOC-4 form. Discover impact, legal provisions and key insights.

Amendments to India-Australia Economic Cooperation and Trade Agreement  

July 10, 2023 1224 Views 0 comment Print

DGFT issued Public Notice No. 21/2023 DGFT, dated 10th July 2023, regarding amendments under Para 2.92 and Annexure-V of Appendix-2A of IIBP 2023. These amendments pertain to the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA).

Revision of General Notes under Schedule 1 (Import Policy) ITC (HS), 2022

July 10, 2023 3312 Views 0 comment Print

DGFT issued Notification No. 18/2023 DGFT, dated 10th July 2023, regarding revision of General Notes for Import Policy which includes amendments related to Food Import Entry Points and provides updated details in accordance with FSSAI Notifications.

Pollution Control Board issues Show Cause Notice to 479 Brand Owners

July 9, 2023 2451 Views 0 comment Print

Central Pollution Control Board (CPCB) has taken action against 479 brand owners for non-compliance with the Plastic Waste Management Rules, 2016. Learn about the Extended Producer Responsibility (EPR) regime, the show cause notice, and the consequences of violating the rules.

Master Circular: Issuing & Listing Non-convertible & Municipal Securities, CP

July 7, 2023 3243 Views 0 comment Print

Stay updated with comprehensive regulations by SEBI on the issue and listing of Non-Convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities, and Commercial Paper.

Preventing Fraudulent GST Registrations: Valid Rent Agreement Requirement

July 7, 2023 12222 Views 0 comment Print

Circular on need for a valid rent agreement or leased deed for GST registration to prevent fraudulent activities and loss of government revenue.

Draft Chartered Accountants (Second Amendment) Regulations, 2023 – Comments Invited

July 7, 2023 1923 Views 0 comment Print

This analysis provides an overview of the key changes and additions proposed in the draft Chartered Accountants (Second Amendment) Regulations, 2023.

Geocoding Functionality Now Live for GST: Important Update

July 7, 2023 3666 Views 1 comment Print

Get the latest update on Goods and Services Tax (GST) with the introduction of geocoding functionality for accurate address details. Learn how to access and use this feature for seamless address location and verification.

Roles & responsibilities of Trustees & board of directors of AMCs of Mutual Funds

July 7, 2023 4104 Views 0 comment Print

As per the extant regulatory framework, the Trustees hold the property of the Mutual Fund in trust for the benefit of the unit holders and their primary role is to ensure that AMCs appointed by them act in the best interests of the unitholders. Accordingly, any conflict between interests of unitholder and that of AMCs’ stakeholders needs to be addressed by the Trustees.

Regulatory Framework for Sponsors of a Mutual Fund

July 7, 2023 2541 Views 0 comment Print

In order to enhance the penetration of the Mutual Fund industry, and to facilitate new types of players to act as sponsors of Mutual Funds, an alternative set of eligibility criteria is introduced. This is with the objective of facilitating fresh flow of capital into the industry, fostering innovation, encouraging competition, providing ease of consolidation and easing exit for existing sponsors.

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