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Notifications/Circulars

Delisting of Shares – Exclusion of shares transferred to IEPF for calculating 90% of shares tendered by public shareholders

January 27, 2023 3138 Views 0 comment Print

Chapter IV of the Delisting Regulations, which states that shares transferred to the Investor Education and Protection Fund’s account shall be excluded while calculating 90% of shares tendered by public shareholders for successful completion of delisting offer.

CBDT notifies California Public Employees Retirement System – Section 10(23FE)

January 25, 2023 855 Views 0 comment Print

CBDT notifies CBDT notifies California Public Employees Retirement System as pension fund under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of Income-tax Act, 1961 vide Notification No. 02/2023 – Income Tax Dated: 25th January, 2023. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification […]

RBI discussion Paper on Securitisation of Stressed Assets Framework

January 25, 2023 1494 Views 0 comment Print

Discussion Paper on Securitisation of Stressed Assets Framework (SSAF) broadly covers nine relevant areas of the framework including asset universe, asset eligibility, minimum risk retention, regulatory framework for special purpose entity and resolution manager, access to finance for resolution manager, capital treatment, due diligence, credit enhancement, and valuation.

ADD on Phthalic Anhydrid import from China, Indonesia, Korea RP & Thailand Reg.

January 25, 2023 1470 Views 0 comment Print

Phthalic Anhydride‘ originating in, or exported from China PR, Indonesia, Korea RP and Thailand, falling under tariff item 2917 35 00 of the First Schedule to Customs Tariff Act, 1975

IBBI warns IP & directed to  strictly comply with applicable provisions & Regulations of IBC 

January 25, 2023 942 Views 0 comment Print

IBBI disposes of the SCN cautioning IP, Mr. Rajagurusami Maheswaran to be more careful in future and directs him to strictly comply with applicable provisions of IBC Code and its underlying Regulations while performing his duties.

SEBI underlines need for analysis & disclosure of risks of trading in F&O

January 25, 2023 984 Views 1 comment Print

There has been a significant increase of over 500% in the number of individual traders in the equity F&O segment in FY 2021-22, as compared to FY 2018-19. 98% of individual traders in the equity F&O segment traded in options during FY 2021-22.

SOP under SEBI (PIT) Regulations, 2015 for ensuring compliance with Structured Digital Database

January 25, 2023 5838 Views 0 comment Print

The listed entities to whom the provisions of Regulation 24A of SEBI(LODR) Regulations, 2015 are applicable, the Secretarial Auditor of those entities shall also specifically confirm compliance with the requirement of SDD by the listed entities in its Annual Secretarial Audit Report. Listed companies are advised to bring to the knowledge of their Secretarial Auditor the above requirement.

Presidential Award of Appreciation Certificates & Medals announced to CBIC officers on Republic Day, 2023

January 25, 2023 2628 Views 0 comment Print

Presidential Award of Appreciation Certificates and Medals announced on the occasion of Republic Day, 2023 vide Notification No. 06/2023-Customs (N.T.)  Dated:  25 January, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NEW DELHI 5 MAGHA, 1944 SAKA Notification No. 06/2023-Customs (N.T.) | Dated: 25 January, 2023 […]

Amendment in import policy condition of Urea [Exim Code 31021000]

January 24, 2023 2478 Views 0 comment Print

Fertilizer Marketing Entities (FMEs), authorized by the Department of Fertilizers, have been allowed to file Bill of Entries at Indian ports for import of Urea (for agriculture purpose) on Government Account.

Appointment of Director not having DIN – MCA imposes penalty

January 24, 2023 28344 Views 0 comment Print

Section 152(3) of Companies Act, 2013, mandate that an individual cannot be appointed as director unless allocated a DIN as per Section 154

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