SEBI: SEBI (Listing Obligations and Disclosure Requirements) (Seventh Amendment) Regulations, 2022 has been issued so as to insert new Regulation No.102 (1A) stating that Board may relax the strict enforcement of any of the requirements of these regulations, if an application is made by the Central Government in relation to its strategic disinvestment in a …
Company Law: MCA penalises company for not filing its Annual Return: Order for penalty for violation of Section 92 of the Companies Act, 2013 issued by AO & ROC Cum Liquidator, Patna imposing penalty of Rs.1,18,400 on the Company and Rs.50,000/- each on both the Director/ Officer in default. [Order No. ROC/PAT/SCN/92/15125/2072-2075 dated 17th Nov …
Company Law: MCA penalises company for not filing its Annual Return (07.12.2022) Read More »
RBI: As announced in the Monetary Policy Statement dated December 07, 2022, the Monetary Policy Committee (MPC) decided changes in rates for Liquidity Adjustments as under with immediate effect: To increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.90 % to 6.25 % The standing deposit facility (SDF) rate …
Others: Clarification on encashment of National Savings Certificates (IX Issue): It is clarified that, though NSC IX Issue is a discontinued scheme, NSC IX Issue certificates may be discharged / encashed / closed in any Departmental Post Office, following the procedures prescribed in Chapter 13 of POSB CBS Manual Volume (Corrected up to 31.12.2021). Also …
Others:Clarification on encashment of National Savings Certificates (06.12.2022) Read More »
Others: New activities such as Drone manufacturing, Portable Petrol Pump/Portable Service Stations, Biomass pellet manufacturing, etc. has been included to NIC Code. [Notification No. F. No.5/2(10)/2022/E-P&G/Policy dated 3rd Dec 2022]
Others: Draft Food Safety and Standards (Labelling & Display) Amendment Regulations, 2022 has been presented by Food Safety and Standards Authority of India for certain further amendments to Food Safety and Standards (Labelling & Display) Regulations, 2020, with previous approval of the Central Government. [Notification F. No. STD/SP-08/A1.2022/N-01 dated 30th Nov 2022]
Legal Metrology: Legal Metrology (Packaged Commodities) Rules, 2011 will now come into force w.e.f. 1st Jan 2023. [Notification No. G.S.R. 859(E) dated 30th Nov 2022]
RBI/FEMA: Revised Regulatory Framework for Urban Co-operative Banks (UCBs) w.r.t. Net Worth and Capital Adequacy has been issued. [Notification No. RBI/2022-23/146 DOR.CAP.REC.No.86/09.18.201/2022-23 dated 1st Dec 2022]
Central Excise: Appointment of the Commissioner of Central Excise and Service Tax (Appeals) as Central Excise officer for the entire territorial jurisdiction of the Principal Chief Commissioner/ Chief Commissioner of Central Excise and Service Tax for the purpose of passing Orders-in-Appeal for the CX & ST appeals filed after 30.06.2017. [Notification No.04/2022 – Central Excise …
Customs: CBIC notifies Customs Exchange rate for Import & Export w.e.f. 02.12.2012. [Notification No.101/2022-Customs (NT) dated 1st Dec 2022]
SEBI: Updated Operational Circular issued for listing obligations and disclosure requirements for Non-convertible Securities, Securitized Debt Instruments and /or Commercial Paper.[Circular No. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/0000000103 dated 1st Dec 2022]
SEBI: Extension of timeline for implementation of Standardized industry classification by CRAs. [Circular No. SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2022/168 dated 1st Dec 2022]
Income Tax: CBDT notifies Federation International de Football Association Under-17 Women’s World Cup, 2022 as the international sporting event for Income Tax Exemption under Section 10(39). [Notification No. 126/2022-Income Tax dated 30th Nov, 2022]
Income Tax: Time limit reduced to 21 days for submitting response to intimation u/s 245 by AO. [DGIT(Systems)/Instruction/245/2022-23 dated 28th Nov 2022]
DGFT Validity of Pre-Shipment Inspection Agency has been extended from 3rd Dec 22 to 31st Dec 22. [Public Notice No.39/2015-2020 dated 30th Nov 2022]
DGFT: Annual SCOMET Update – 2022 has been notified to amend Appendix 3 (SCOMET Items) to Schedule-2 of ITC (HS) Classification of Export and Import Items, 2018. [Notification No. 46/2015-2020 dated 30th Nov, 2022]
Central Excise: Reduction in the Special Additional Excise Duty on Diesel. [Notification No.41/2022-Central Excise dated 1st Dec 2022]
Central Excise: Reduction in the Special Additional Excise Duty on production of Petroleum Crude [Notification No.40/2022-Central Excise dated 1st Dec 2022]
Customs: Requirement of Health Certificate accompanied with the import of food consignments is extended till 31st Dec 2022 [Instruction No.32 /2022-Customs dated 28th Nov 2022]
Customs: Improvements in SWIFT, Integration of ICEGATE with AQCS-ICS (Animal Quarantine and Certification Services-Import Clearance System) is effective from 01.12.2022. [Circular No. 24/2022-Customs dated 28th Nov 2022]
