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Govt notifies provisions of Companies Act 2013 applicable to IFSCA

November 4, 2022 1335 Views 0 comment Print

International Financial Services Centres Authority Act, 2019 (50 of 2019), the Central Government hereby directs that certain provisions of the Companies Act, 2013 (18 of 2013) as specified in column (2) of the table below, shall apply with such exceptions, modifications and adaptations as specified in column (3) of the said table, to financial products, financial services or financial institutions in an International Financial Services Centre, namely:—

SEBI restrict activities of Clearing Corporation

November 1, 2022 810 Views 0 comment Print

Clearing Corporation shall not undertake any activity except that of clearing and settling transactions in repo and reverse repo in the debt securities that are dealt with or traded on a recognised stock exchange.

CBIC increases Special Additional Excise Duty on Diesel to Rs. 11.50 per litre

November 1, 2022 1413 Views 0 comment Print

CBIC amends Notification No. 04/2022-Central Excise, dated 30th June, 2022, to increase Special Additional Excise Duty on Diesel to Rs. 11.50 per litre vide Notification No. 37/2022-Central Excise | Dated: 1st November, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 37/2022-Central Excise | Dated: 1st November, 2022 G.S.R. ….(E). […]

SAED on Petroleum Crude Production reduced & increased on Aviation Turbine Fuel

November 1, 2022 693 Views 0 comment Print

CBIC reduces Special Additional Excise Duty on production of Petroleum Crude to Rs. 9,500 per tonne and increases Special Additional Excise Duty export of Aviation Turbine Fuel to Rs. 5 per litre vide Notification No. 36/2022-Central Excise | Dated: 1st November, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. […]

Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022

November 1, 2022 639 Views 0 comment Print

Reserve Bank of India RBI/2022-23/135 DoR.AUT.REC.81/24.01.001/2022-23 November 01, 2022 Madam / Sir, Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022 In exercise of the powers conferred by Sections 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public […]

CBIC amends notification No. 50/2017-Customs, dated 30th June, 2017

November 1, 2022 44331 Views 0 comment Print

Seeks to amend notification No. 50/2017-Customs, dated the 30th June, 2017 to amend sl. no. 404 of the said notification | Notification No.56/2022-Customs | Dated : 01st November, 2022 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi Notification No. 56/2022-Customs | Dated : 01st November, 2022 G.S.R. 798(E).— In exercise of the […]

CBDT notifies Teacher Retirement System of Texas – section 10(23FE)

October 31, 2022 1047 Views 0 comment Print

CBDT notifies CBDT notifies Teacher Retirement System of Texas 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. 119/2022 – (Income-Tax) Dated: 31st October, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. […]

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2022

October 31, 2022 699 Views 0 comment Print

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2022

CBIC notifies export duty exemption to specified varieties of Rice

October 31, 2022 3324 Views 0 comment Print

CBIC provides export duty exemption to specified varieties of Rice subject to the prescribed condition(s) vide Notification No. 55/2022-Customs [G.S.R. 796(E).], Dated: 31.10.2022 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 55/2022-Customs|Dated: 31st October, 2022 G.S.R. 796(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 […]

Restriction on export of sugar extended till 31.10.2023

October 28, 2022 2082 Views 0 comment Print

Restriction on export of Sugar (Raw, Refined and White sugar) is extended beyond 31.10.2022 till 31.10.2023, or until further orders, whichever is earlier.

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