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RBI amends Foreign Investment guidelines for reporting in SMF on Firms

January 4, 2023 5865 Views 2 comments Print

All forms submitted with the requisite documents will be auto-acknowledged on the FIRMS portal with a time stamp and an auto-generated e-mail will be sent to the applicant.

Submission of Reinsurance Returns – IRDAI dispenses 8 Returns

January 3, 2023 10851 Views 4 comments Print

This has reference to the circular on submission of Reinsurance Returns and Programme vide ref no. IRDA/RI/CIR/MISC/01 1/01/2019 dated 1 5th January,201 9. On comprehensively examining the extant returns being submitted, the following returns are hereby dispensed with immediate effect.

Company penalised for not affixing its name & address outside its registered office

January 3, 2023 3513 Views 0 comment Print

Company failed to paint or affix its name and address of its registered office outside its office or place in which its business is being carried upon. Therefore company has not complied with the provisions of section 12(3)(a) of Companies Act, 2013

Guidelines on issuance of File Reference Numbers (FRN) to Cross Border Re­insurers

January 3, 2023 2526 Views 0 comment Print

Insurance Regulatory and Development Authority of India Guidelines Ref: IRDAI/REIN/GDL/MISC/2/1/2023 January 3, 2023 To The CEOs of All Insurers Subject: Guidelines on issuance of File Reference Numbers (FRN) to Cross Border Re­insurers 1. Background: A. The Indian Insurance Industry is poised for growth and the Authority has been taking various steps to reduce the protection […]

Govt increases SAED on Diesel to Rs. 5 per litre

January 2, 2023 753 Views 0 comment Print

Notification  No. 02/2023—Central Excise Dated: 02nd January, 2023 – Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to modify the Special Additional Excise Duty on Diesel to Rs. 5 per litre. MINISTRY OF FINANCE (Department of Revenue) Notification  No. 02/2023—Central Excise | Dated: 02nd January, 2023 G.S.R. 5(E).—In exercise of […]

Govt increases SAED on production of Petroleum Crude & export of ATF

January 2, 2023 720 Views 0 comment Print

Government increases Special Additional Excise Duty on production of Petroleum Crude to Rs. 2,100 per tonne and  Rs. 4.50 per litre on export of Aviation turbine Fuel vide Notification  No. 01/2023—Central Excise Dated: 02nd January, 2023. MINISTRY OF FINANCE (Department of Revenue) Notification  No. 01/2023—Central Excise | Dated: 02nd January, 2023 G.S.R. 4(E).—In exercise of […]

Securities Contracts (Regulation) Amendment Rules, 2022

January 2, 2023 1380 Views 0 comment Print

(1) These rules may be called the Securities Contracts (Regulation) Amendment Rules, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

Weekly newsletter from Chairman, CBIC dated 02/01/2023

January 2, 2023 828 Views 0 comment Print

The week gone by saw officers of the Directorate of Revenue Intelligence (DRI) detect two clandestine units manufacturing Mephedrone, a psychotropic substance under the Narcotic Drugs & Psychotropic Substances (NDPS) Act, 1985.

Revision of interest rates for Small Savings Schemes w.e.f. 01.01.2023

December 30, 2022 4188 Views 0 comment Print

Rate of interest on various Small Savings Schemes (National Savings Schemes) for the third quarter of financial year 2022-23 (starting from 1st January, 2023 and ending on 31St March, 2023) have been revised

SEBI (Employees’ Service) (Third Amendment) Regulations, 2022

December 30, 2022 1416 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Employees’ Service) (Third Amendment) Regulations, 2022. 2. They shall come into force on the date of their publication in the Official Gazette.

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