A software application called ‘APConnect’ has been developed for processing of application for licencing of FFMC, non-bank AD Cat-II, authorisation as MTSS Agent, renewal of existing licence / authorisation, for seeking approval as per the extant instructions and for submission of various statements/returns by FFMCs and non-bank AD Cat II.
CBIC waives interest payable under section 47(2) of Customs Act, 1962, for from 1st April, 2023 upto and including the 10th April, 2023
(1) These rules may be called the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette.
ROC Delhi imposes penalty on Delhi based Private Limited Company for non-compliance of Section 118 of Companies Act, 2013 i.e. for not conducting 4 board meetings in a year. Facts: The Company had filed suo-motu an application for adjudication for violation of Section 118(10) of the Act, r/w Secretarial Standard -1, issued by ICSI, wherein […]
In this case company was required to convene it’s fourth board meeting for the calendar year 2020 on or before 31.12.2020. However, company held its next board meeting on 01.02.2021 with delay of 31 day (i.e., From 01.01.2021 to 01.02.2021). Hence, the company has not complied the provision of the section 173(1) of the Companies […]
It has been decided that in case of import of perishable cargo, where the payment of the duty has been done but the same is not being reflected in ICES, the docks officer shall grant manual Out Of Charge if the importer produces a bank certificate indicating the payment of duty amount along with an undertaking that in case duty is found to be not credited, the importer shall deposit the same immediately.
In terms of Securities and Exchange Board of India (Informal Guidance) Scheme, 2003, informal guidance may be provided in respect of a specific provision of any Act, Rules, Regulations, Guidelines, Circulars or other legal provisions being administered by the SEBI. Since securities of private companies are not regulated by SEBI under the aforesaid legislative instruments, […]
SEBI issued a circular on Advertisement code for Investment Advisers (IA) and Research Analysts (RA) to further strengthen the conduct of IAs and RAs, while issuing any advertisement. Circular specifies Forms of communication, Information/disclosures in the advertisement, Prohibitions in the advertisement and Other compliances/requirements. Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/ MIRSD-PoD-2/P/CIR/2023/51 Dated: April […]
Circular No. IRDAUF&I/CIR/E0M/84/4/2023 Date: 05th April 2023 IRDAI (Expenses of Management of insurers transacting Life Insurance business) Regulations 2023 – Clarifications.
CBDT vide Circular No. 04/2023-Income Tax clarified that Each year, employer shall seek information from each of its employees regarding their intended Tax Regime (Old or New under section 115BAC) and deduct TDS accordingly, If intimation is not made by an employee then his default tax regime is new Income Tax regime u/s 115BAC. CBDT […]
