Team Bizsol

It has been decided to provide operational flexibility for reporting of such transactions undertaken by the Foreign Portfolio Investors (FPIs) in Government securities, as under. FPIs/custodian banks shall report their transactions to the NDS-OM platform within three hours after the close of trading hours for the Government securities market. Information about trades undertaken by domestic …

It has been decided to provide operational flexibility for reporting of such transactions undertaken by the Foreign Portfolio Investors (FPIs) in Government securities.(09.06.2021) Read More »

While the Risk-o-Meter stipulated by SEBI reflects the current risk of the scheme at a given point in time, there is also a need for disclosure of the maximum risk the fund manager can take in the scheme.  [SEBI Circular No. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/573 dtd 7th June 2021]

MahaRERA Standardized Format for Declaration about Commencement Certificate (Format –D). [MahaRERA Circular no: 32/2021 dtd 7th June 2021]

Anti-dumping investigation on imports of Plain Medium Density Fibreboard. [Notification dtd 7th June, 2021]

Anti-dumping investigation on imports of Resin Bonded Thin Wheels.  [Notification dtd 7th June, 2021]

Bank to preserve CCTV recording of Demonetization period i.e. November 08, 2016 to December 30, 2016. [RBI Circular No. RBI/2021-22/51 DCM(Plg).No. 51961/10.27.00/2021-22 dtd 8th June 2021]

SEBI prescribes Potential Risk Class Matrix for debt schemes based on Interest Rate Risk & Credit Risk. [Circular SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/573 dated 7th June 2021]

IIT Bhilai approved u/s 35 for Scientific Research from AY 2022-23 to 2025-26  [Notification No. 70/2021 New Delhi, the 8th June, 2021 S.O. 2175(E).]

Companies (Incorporation) Rules, 2014  has been amended. Important amendments are given below: Now, in terms of Rule 38A, not only bank account has to be opened but also Shops and Establishment Registration needs to be taken. Similarly, Profession Tax Registration also needs to be taken. Form No. INC-35 – AGILE – PRO -S has been also …

Companies (Incorporation) Rules, 2014  has been amended.(08.06.2021) Read More »

Timeline for Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) has been extended upto 30th Sept 2021. [RBI/2021-22/49 DoR.RET.REC.19/12.05.009/2021-22 dtd June 04, 2021]

Master Direction Reserve Bank of India (Certificate of Deposit) Directions, 2021 are issued. [RBI/2021-22/79 FMRD.DIRD.03/14.01.003/2021-22 June 4, 2021]

First look of new income tax e-filing portal launched today. Taxpayer advised taxpayers to re-register their Digital Signature Certificates (DSC) which could not be migrated to new portal for security issues. The service to register DSC is available to all registered users of the e-Filing portal. This service enables registered users to perform the following: Register DSC …

First look of new income tax e-filing portal launched today.(08.06.2021) Read More »

SEBI enhances overseas investment limit for Mutual Funds.

Kerala SGST Commissioner issued new guidelines for blocking Input Tax Credit under 86A of Kerala SGST Rules (circular no 4/ 2021).

CBIC Notifies Rate of Exchange of Foreign Currencies for export & import shipments w.e.f. 04.06.2021 [ Notification No. 51/2021 – Customs (N.T.) |  Dated 3rd June, 2021 ]

The Monetary Policy Committee (MPC) has decided unanimously to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. The marginal standing facility (MSF) rate and …

The Monetary Policy Committee (MPC) has decided unanimously to continue with the accommodative stance as long as necessary to revive and sustain growth… (05.06.2021) Read More »

SEBI amends fields for Centralized Database for Corporate Bonds/ Debentures [SEBI Circular No. SEBI/HO/DDHS/DDHS1/P/CIR/2021/572 dtd 4th June 2021]

New Portal www.incometax.gov.in will be operational from 7th June 2021, which will provide pre-filled information in Income Tax Return and easiness’ for assessment and refund process. In view of the change in the domain name of the new website, taxpayers have to register their digital signatures certificates (DSC) again in the new income tax e-filing …

New Portal www.incometax.gov.in will be operational from 7th June 2021, which will provide pre-filled information in Income Tax Return and easiness’ for assessment and refund process. (05.06.2021) Read More »

Draft Code on Social Security (Employee’s Compensation) (Central) Rules, 2021 has been notified as guidelines to make rules by each state.  [ Notification of MINISTRY OF LABOUR & EMPLOYMENT dtd 3rd June 2021]