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Notifications/Circulars

Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver wef 16.05.2023

May 15, 2023 1899 Views 0 comment Print

The provided text is a notification issued by the Ministry of Finance, specifically the Department of Revenue, under the Central Board of Indirect Taxes and Customs. The notification numbered 34/2023-Customs (N.T.), is dated May 15, 2023, and contains amendments to a previous notification (No. 36/2001-Customs (N.T.)). The notification primarily focuses on the substitution of three […]

IRDAI Task Force to facilitate ease of doing KYC & allied matters using Aadhaar

May 15, 2023 933 Views 0 comment Print

UIDAI framework allows insurance companies to identify the customer by using his/her Aadhaar with consent management. In the absence of the Unique Customer Identification in the insurance sector, insurance companies are facing various issues while providing the services and claims apart from ease of onboarding the customers, circumventing possible frauds etc.

Revised FAQ’s on filing of announcements in XBRL format on NEAPS platform

May 15, 2023 2859 Views 0 comment Print

National Stock Exchange of India Circular Ref No: NSE/CML/2023/34 Date: May 15, 2023 Department: Listing To, The Company Secretary/Compliance Officer, All Listed Companies, Subject: FAQ’s on filing of announcements in XBRL format on NSE Electronic Application Processing System (NEAPS) platform. In furtherance to the circular NSE/CML/2023/28 dated March 31, 2023, issued by the Exchange w.r.t […]

 Failure to keep Money received for preferential issue in separate account – 2 Cr Penalty imposed 

May 15, 2023 3660 Views 0 comment Print

The violation of Section 42 of the Companies Act, 2013 pertains to the non-compliance of regulations regarding private placement of shares by a company. In this specific case, M/s. Payswiff Technologies Private Limited failed to adhere to the provisions of Section 42(6) of the Act, which requires the company to keep the funds received for […]

IRDAI Modifies Surety Insurance Guidelines to Expand Market & Ease Solvency Requirements

May 15, 2023 1728 Views 0 comment Print

The Insurance Regulatory and Development Authority of India (IRDAI) has announced modifications to the Surety Insurance Guidelines, aiming to develop and expand the Surety Insurance Bonds market. The revisions include replacing solvency margin requirements, reducing the control level from 1.875 to 1.5 times, and eliminating the 30% exposure limit on each contract underwritten by insurers. […]

MahaRERA: Extension of validity of project registration under Section 7(3)

May 15, 2023 6876 Views 0 comment Print

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued Supplementary Order No. 40 A/2023, which amends and supplements the provisions of Order No. 40/2022 dated 27.12.2022. The supplementary order clarifies the documents that promoters must submit when they are unable to comply with the directions issued under Order No. 7 of 2019 dated 08.02.2019. According […]

MahaRERA: Verification of commencement certificates and occupation certificates

May 15, 2023 6918 Views 0 comment Print

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued Order No. 45/2023, which pertains to the verification of the authenticity and genuineness of commencement certificates and occupation certificates submitted by promoters. The order highlights the establishment of MahaRERA as the regulatory authority for real estate in Maharashtra and the enactment of the Real Estate (Regulation […]

Investment in units of Mutual Funds in the name of minor through guardian

May 12, 2023 1896 Views 0 comment Print

Payment for investment by any mode shall be accepted from the  the bank account of the minor, parent or legal guardian of the minor, or from a joint account of the minor with parent or legal guardian. For existing folios, the AMCs shall insist upon a Change of Pay-out Bank mandate before redemption is processed”

IBC: IBBI directs IP to undergo pre-registration educational course

May 12, 2023 726 Views 0 comment Print

DC warns Mr. S. Shivshanker to be more careful in handling pending assignments and he is further directed to undergo pre-registration educational course specified under regulation 5(b) of the IP Regulations from the IPA where he is registered.

CBIC amends Notification No. 14/2018- Union territory Tax

May 12, 2023 1941 Views 0 comment Print

Seeks to amend Notification No. 14/2018- Union territory Tax, dated 8th October 2018 vide Notification No. 01/2023 – Union territory Tax, Dated: 12th May, 2023 MINISTRY OF FINANCE (Department of Revenue) Notification No. 01/2023 – Union territory Tax, Dated: 12th May, 2023 G.S.R. 361(E).—In exercise of the powers conferred by section 15 of the Union […]

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