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Procedure for referring complaints to MahaRERA Conciliation & Dispute Resolution Forum by MahaRERA or Adjudicating Officer 

November 29, 2018 2043 Views 1 comment Print

When a complaint is being heard by MahaRERA or an Adjudicating Officer of MahaRERA and the said authority is satisfied that there is a possibility of settlement by way of conciliation, then with the consent of both the parties involved, it may refer the complaint to a designated bench of the Maharashtra Conciliation and Dispute Resolution Forum.

EPFO Facilitating Aadhaar number seeding in UAN

November 29, 2018 2151 Views 0 comment Print

UIDAI has clarified that EPFO may continue to avail Aadhaar based authentication services for the schemes for which notification under Section 7 of the Aadhaar Act, 2016 has been issued and duly published in the Official Gazette.

NSFR guidelines will come into effect from April 1, 2020

November 29, 2018 819 Views 0 comment Print

Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines- It has now been decided that the NSFR guidelines will come into effect from April 1, 2020.

Legal Entity Identifier Code for participation in non-derivative markets

November 29, 2018 5961 Views 0 comment Print

In case of non-derivative forex transactions, while all inter-bank transactions shall be subject to LEI requirement, client transactions shall require LEI code for transactions involving an amount equivalent to or exceeding USD one million or equivalent thereof in other currencies.

Relaxation on the guidelines to NBFCs on securitisation transactions

November 29, 2018 639 Views 0 comment Print

It has been decided to relax the Minimum Holding Period (MHP) requirement for originating NBFCs, in respect of loans of original maturity above 5 years, to receipt of repayment of six monthly instalments or two quarterly instalments (as applicable), subject to the following prudential requirement:

Interest Equalisation rate increased to 5% in respect of exports by MSME

November 29, 2018 3156 Views 0 comment Print

It has been decided by the Government of India to increase w.e.f. November 02, 2018 Interest Equalisation rate from 3% to 5% in respect of exports by the Micro, Small & Medium Enterprises (MSME) sector manufacturers under the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit.

Reg. Replenishment of the gold or silver to the exporter

November 29, 2018 438 Views 0 comment Print

Provided further that no replenishment of the gold or silver shall be available to the exporter where the exporter avails, in respect of exported product – (i) Cenvat credit on inputs under the Central Excise Act,1944; or (ii) input tax credit on inputs or services or both under Chapter V of the Central Goods and Services Tax Act, 2017; or (iii) refund of input tax credit or refund of integrated tax under section 54 of the Central Goods and Services Tax Act, 2017

CBDT directives on scope of inquiry in cases selected for Limited Scrutiny

November 28, 2018 33042 Views 0 comment Print

i. The Assessing Officer shall duly record the reasons for expanding the scope of ‘Limited Scrutiny’ to the extent mentioned in para 2 and 3, above; ii. The same shall be placed before the Pr. CIT/CIT concerned and upon his approval, further issue can be considered during the assessment proceeding;

Govt appoints NFRA Chairperson

November 28, 2018 1284 Views 1 comment Print

Central Government  appointed Shri Rangachari Sridharan as the Chairperson, the National Financial Reporting Authority (NFRA), with effect from the 1st October, 2018 (afternoon) for a period of three years or till the incumbent attains the age of sixty-five years, whichever is earlier. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 28th November, 2018 S.O. 5848(E).—In exercise […]

CBDT Order appointing 55 IRS Officers As JCIT

November 28, 2018 4203 Views 0 comment Print

OFFICE ORDER NO. 197 OF 2018 The President is pleased to extend the ad-hoc appointments of the following IRS officers to the grade of Joint Commissioner of Income Tax from 01.10.2018 to 31.03.2019 or upto the date of their regular appointment, whichever is earlier: –

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