SEBI constitutes Committee on Fair Market Conduct

PRESS RELEASE Aug 01, 2017 PR No.: 50/2017 SEBI constitutes “Committee on Fair Market Conduct” A fair and efficient securities market stands on investor confidence. The same can be instilled by keeping the market free from manipulative practices. Regulatory intervention in this regard has been made in the areas of market manipulation and insider trading in the… Read More

SEBI to take action against ELC’s pending exit offers to the shareholders

CIRCULAR SEBI/HO/MRD/DSA/CIR/P/2017/92 August 01, 2017 All Listed Entities All Registered Registrar & Share Transfer Agents All Depositories All Recognised/Non-operational /Exited Stock Exchanges All Exclusively Listed Companies on the Dissemination Board (shares of companies available for buying and selling and not for companies referred as vanishing companies) Dear Sir/Madam, Sub: Action against Exclusively Listed Companies and… Read More

RBI has imposed penalty of 30 million on UBI for not complying with KYC norms

Reserve Bank of India The Reserve Bank of India (RBI) has imposed, on July 26, 2017, a monetary penalty of ₹ 20 million on Union Bank of India for non-compliance with the directions issued by RBI on Know Your Customer (KYC) norms. This penalty has been imposed in exercise of powers vested in RBI under… Read More

MoF takes initiatives for north eastern states in the area of Public Expenditure Managment

Department of Expenditure takes various initiatives in the North Eastern States in the area of Public Expenditure Management; IT system of all the North East States' Treasuries except Nagaland integrated with PFMS;  Trainings organized for capacity building by the Central Project Management Unit (CPMU) of PFMS and different Ministers/Departments of Government of India in North… Read More

SEBI Launches online filing system for Alternative Investment Funds

SECURITIES  EXCHANGE BOARD OF INDIA CIRCULAR SEBI/HO/IMD/DF1/CIR/P/2017/87 July 31, 2017   All Registered Alternative Investment Funds All custodians of Category III Alternative Investment Funds   Dear Sir/Madam, Sub: Online Filing System for Alternative Investment Funds. 1. In a constant endeavor to facilitate ease of operations in terms of applying for registration, reporting and various compliances… Read More

CBEC Fixes tariff value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUBSECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 74/2017-CUSTOMS (N.T.) New Delhi, 31st July, 2017 9 Shravana, 1939 (SAKA) S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section… Read More

Director General of Revenue appoints adjudicating authority under Customs Act

[To be published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs Directorate of Revenue Intelligence Notification No. 6/2017-Customs (N.T./CAA/DRI) New Delhi, dated the 31st July, 2017 S.O. (E). - In pursuance of notification No. 60/2015-Customs (N.T.), published… Read More

Clarification regarding unskilled/semiskilled workers under PMRPY Scheme :EPFO

Employees' Provident Fund Organisation (Ministry of Labour, Govt. Of India)  Bhavishya Nidhi Bhawan, 14- Bhikaiji Cama Place, New Delhi - 110066 (CENTRAL ANALYSIS & INTELLIGENCE UNIT) No.CAIU/11(71)2017/MOT/706  Date: 31/07/2017 To All ACCs Zones All RPFC-I/RPFC-11 (lncharge of Regional Offices). Sub: - Clarification regarding unskilled/semiskilled workers under PMRPY Scheme - reg. Sir, Please refer to… Read More

DGFT amends MOU between India and bangladesh

To be published in The Gazette of India Extraordinary (Part-I, Section-I) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No) 14/ 2015-2020 Dated the31 July, 2017  Subject: Trade in Border Haats across the border between Bangladesh and India. In exercise of powers conferred under paragraph… Read More

CBDT Extends date for filing of Income Tax Returns upto 5th August 2017

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st July, 2017 PRESS RELEASE Extension of date for filing of Income Tax Returns There are some complaints that the taxpayers are not being able to log on to the e-filing website of Income Tax Department or not being… Read More

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