Team Bizsol

Customs: CBIC Notifies Rate of Exchange of Foreign Currencies w.e.f. 22.04.2022 [Notification No.  34/2022-Customs (N.T.) dtd 21st April 2022]

GST: SOP for processing Reimbursement of SGST on films by the Excise and Taxation Department [File No.ETD-070001/42/2022-GST CELL-ETD dtd 20th April 2022]

Corporate Law : Scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity. [Notification No. F. No.1(10)/2018-SP-I dtd 22nd April 2022]

SEBI: SEBI Streamlines Process of Public Issues & redressal of Investor grievances [Circular No. SEBI/HO/CFD/DIL2/CIR/P/2022/51 dtd. 20th April 2022]

Income Tax: CBDT designates Special Court in Kerala under Black Money Act [Notification No. 32/2022-Income Tax dtd. 19th April 2022]

Income Tax: CBDT designates Special Court in Kerala under Black Money Act [Notification No. 34/2022-Income Tax dtd. 19th April 2022]

DGFT: RBI extends guidelines on Legal Entity Identifier (LEI) to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs. [Circular RBI/2022-23/34 DOR.CRE.REC.28/21.04.048/2022-23 dtd 21st April 2022]  

Corporate Law: Constitution (Scheduled Tribes) Order (Amendment) Act, 2022 amends the Constitution (Scheduled Tribes) Order, 1950 for inclusion of certain community in the list of Scheduled Tribes in relation to the State of Tripura. [Ministry of Law & Justice Notification dtd 18th April 2022]    

Corporate Law: CA, CMA and CS (Amendment) Act, 2022 assented by President [Ministry of Law & Justice Notification dtd 18th April 2022]

Corporate Law: Central Government amends Nidhi Rules, 2014 to safeguard the interest of general public. Rules provide that Public Companies desirous to function as Nidhis must obtain prior declaration from the Central Government before accepting deposits [MCA Notification G.S.R. 301(E). dtd 19th April 2022]

GST: Salient features of Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022 [Trade Circular No. 01T of 2022 dtd 20th April 2022]

DGFT: Applications for allocation of TRQ under India-Mauritius CECPA for FY 2022-23 [Public Notice No. 04/2015-2020-DGFT dtd 20th April 2022]

Income Tax: CBDT notifies NBFID under section 10(48D) of Income Tax Act, 1961. [Notification No. 31/2022 – Income Tax dtd 18th April 2022]

SEBI: SEBI issues operational guidelines for “Security & Covenant Monitoring using Distributed Ledger Technology (DLT). [Press Releases No. 13/2022 dtd 18th April 2022]

DGFT: Important amendments in Chapter 5 of Handbook of Procedure 2015-20 related to Export promotion Capital Goods Scheme to reduce “Compliance Burden” and enhance “Ease of doing business”. Block wise fulfilment of EO even after validity EPCG Authorisation and completion of EO period by payment of specified composition fees. Submission of Annual report for EO …

DGFT: Important amendments in Chapter 5 of Handbook of Procedure 2015-20 related to Export promotion Capital Goods Scheme to reduce “Compliance Burden” and enhance “Ease of doing business”. (15.04.2022) Read More »

Customs: Tariff value of specified goods has been notified. [Notification No. 33/2022- Customs (N.T.) dtd 13th April 2022]

Customs: BIC exempts BCD and AIDC on import of Raw Cotton for a specified period [Notification No. 21/2022-Customs dtd 13th April 2022]  

RBI: As part of the overall structure for Corporate Governance, Compliance Function serves a critical role. Accordingly, it has been decided to introduce certain principles, standards and procedures for Compliance Function in NBFC-UL and NBFC-ML, keeping in view the principles of proportionality. [RBI/2022-23/24 Ref.No.DoS.CO.PPG./SEC.01/11.01.005/2022-23 April 11, 2022]

SEBI: Filings of statement of redressal of investor grievance under (Regulation 13 (3)) should be done by all listed companies, in XBRL mode only. The Excel Utility for filing the statement of redressal of investor grievance in the prescribed Format in the XBRL mode has been made available in XBRL section of the Listing Centre. …

SEBI: Filings of statement of redressal of investor grievance under (Regulation 13 (3)) should be done by all listed companies, in XBRL mode only (15.04.2022) Read More »

Income Tax: CBDT notifies Somnath Temple as place of historic importance and a place of public worship of renown under section 80G of  Income-tax Act, 1961 [Notification No. 29/2022-Income Tax Dated: 11th April 2022]