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Transfer of securities in demat form- Deadline extended till 01.04.2019

December 3, 2018 1971 Views 0 comment Print

Transfer of securities only in demat form- Deadline extended till April 1, 2019- deadline has been extended and the aforesaid requirement of transfer of securities only in demat form shall now come into force from April 1, 2019.

IBBI: Draft Specimen of Information Memorandum, Evaluation Matrix & Resolution Plan

November 26, 2018 5622 Views 0 comment Print

IBBI invites Suggestions and Comments on Draft Specimen: a. Information Memorandum b. Evaluation Matrix c. Request for Resolution Plans, and d. Resolution Plan.

Rs 50 crore GST evasion Case- Accused is not a CA- ICAI

November 12, 2018 2445 Views 1 comment Print

After comprehensive review of the aforesaid news-item, ICAI, being a regulator of the profession of Chartered Accountants had taken up the matter and verified its records and found that Madhusudan Pandey is not a Chartered Accountant as his name does not appear in the Register of members maintained by the ICAI.

SEBI Advisory in respect of Foreign Trading Portals

October 30, 2018 453 Views 0 comment Print

It has come to the notice of SEBI that investors in India are being offered services by various firms through online web portals to trade in a variety of financial products including various types of derivatives, which are apparently traded on overseas platform/exchange.

Rules 2C, 2CA & 11AA and Form Nos 10G, 56 & 56G -draft notification

October 29, 2018 6510 Views 0 comment Print

Amendment of Rules 2C, 2CA and 11AA and Form Nos 10G, 56 and 56G of the Income-tax Rules, 1962-draft notification for inputs from the stakeholders and the general public

RBI opposes idea of independent body to regulate payments; Releases Dissent Note

October 19, 2018 858 Views 0 comment Print

An Inter-Ministerial Committee for finalization of amendments to the Payment & Settlement Systems Act, 2007 was formed by the Government under the chairmanship of Secretary, Department of Economic Affairs. RBI was represented in the Committee.

Last date to avail Input Tax Credit pertaining to July 2017 to March 2018

October 18, 2018 11583 Views 0 comment Print

CBIC press release dated 18th October 2018 on Last date to avail Input Tax Credit in respect of invoices or Debit Notes relating to such invoices pertaining to period from July, 2017 to March, 2018.

IBBI amends 3 Insolvency Regulations

October 11, 2018 900 Views 0 comment Print

IBBI amends (a) the Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016, (b) the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016, and (c) the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

Salient amendments in IBBI (Insolvency Professionals) Regulations, 2016

October 11, 2018 645 Views 0 comment Print

a. An insolvency professional shall pay to the Board, a fee calculated at the rate of 0.25 percent of the professional fee earned for the services rendered by him as an insolvency professional in the preceding financial year, on or before the 30thof April every year;

RBI keeps repo rate unchanged at 6.5% in it’s monetary policy review

October 5, 2018 711 Views 0 comment Print

1. Press Statement on Fourth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India The Monetary Policy Committee (MPC) in its fourth bi-monthly statement, issued on 05.10.2018, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, decided to keep the […]

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