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Clarification w.r.t. issuance & listing of perpetual debt instruments, perpetual non-cumulative preference shares

February 8, 2023 2229 Views 0 comment Print

Clarification w.r.t. issuance and listing of perpetual debt instruments, perpetual  non-cumulative preference shares and similar instruments under Chapter V of the SEBI (Issue and Listing of Non-convertible Securities) Regulations, 2021

Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA

February 8, 2023 1881 Views 0 comment Print

Govt notified another 39 reporting entities to use Aadhaar authentication services of UIDAI under section 11A of Prevention of Money-laundering Act, 2002.

RBI Monetary Policy Committee increases policy rates by 25 basis points

February 8, 2023 1602 Views 0 comment Print

As announced in Monetary Policy Statement dated February 08, 2023, it has been decided by Monetary Policy Committee (MPC) to increase policy repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.50 per cent with immediate effect.

Draft Vivad se Vishwas II (Contractual Disputes)

February 8, 2023 2874 Views 0 comment Print

Government proposes quick settlement of contractual disputes to promote ease of doing business as announced in Union Budget 2023-24 and Circulates scheme for graded settlement terms for stakeholder consultation. The Ministry of Finance today circulated a draft scheme for consultation with stakeholders.  The scheme is aimed at bringing quick finality to certain contractual disputes in which […]

Whole time CS Appointment default- Penalty Reduced to Rs. 1.25 Lakh from 7 Lakh

February 7, 2023 696 Views 0 comment Print

Discover the outcome of an appeal under section 454(5) of the Companies Act, 2013 for default in appointing a Company Secretary, where the penalty was reduced to Rs. 1.25 Lakh.

MCA extends time limit for filing 46 forms without additional fees

February 7, 2023 4134 Views 0 comment Print

MCA decided to allow further additional time of 15 days for filing of 46 forms, without additional fees, to the stakeholders.

CA Faces 5-Year Ban for Fake GST Invoices and Fraudulent ITC Claims

February 7, 2023 1113 Views 0 comment Print

 CA. Akshay Jain was found guilty by the ICAI Disciplinary Committee for professional misconduct, involving GST fraud, fake invoices, and fraudulent ITC claims.

Timeline for processing Partial Withdrawal requests reduced to T+2 days: PFRDA

February 7, 2023 1413 Views 0 comment Print

Timeline for processing Partial Withdrawal requests has also been reduced to T+2 across all CRAs now. For instance, those partial withdrawal requests authorized on Monday till specified timelines shall be processed such that the Subscribers’ Bank Account is credited on Wednesday, considering those 3 days are settlement days.

Transhipment of goods by road from LCS Petrapole to Air Cargo Complex, Delhi allowed

February 7, 2023 1923 Views 0 comment Print

Transhipment of goods by road from LCS Petrapole to Air Cargo Complex, Delhi allowed wef 15.02.2023 following procedure prescribed in Circular No. 29/2020-Customs dated 22.06.2020

SEBI (Buy-Back of Securities) (Amendment) Regulations, 2023

February 7, 2023 4977 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2023.

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