Consumer Price Index for Industrial Workers (CPI-IW) – March, 2018
The All-India CPI-IW for March, 2018 remained stationery at 287 (two hundred and eighty seven). On 1-month percentage change, it remained static between February and March, 2018 when compared with the increase of (+) 0.36 per cent between the corresponding months of previous year. The maximum pressure to the change in current index came from… Read More
MCA extends date for Condonation of Delay Scheme, 2018 till 1st May 2018
General Circular No. 03/2018 F.No.02/04/2017-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, 'A' Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated: 27.04.2018 To, All Regional Directors, All Registrars of Companies, All Stakeholders. Subject: Condonation of Delay Scheme, 2018. Sir, In continuation to the Ministry's General Circular No. 16/2017 dated 29/12/2017 and General… Read More
GST Revenue Collections for the Financial Year 2017-18
Total Revenue of Rs. 7.19 lakh crore collected under GST in the period between August 2017 and March 2018 During 2017-18, total revenue collected under GST in the period between August 2017 and March 2018 has been Rs. 7.19 lakh crore. This includes Rs. 1.19 lakh crore of CGST, Rs. 1.72 lakh crore of SGST,… Read More
MCA designates Special Court in UP for trial of Company Law offences
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the23 April, 2018 S.o. (E).- In exercise of the powers conferred by sub-section (1) of section 435 of the Companies Act, 2013 (18 of 2013), the Central Government, with the concurrence of the Chief Justice of the High Court of Allahabad hereby designates the following Court… Read More
IBBI prescribes conditions for Disciplinary Proceedings against insolvency Professional
Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 CIRCULAR No: LA/010/2018 23rd April, 2018 To All Registered Insolvency Professionals All Registered Insolvency Professional Agencies (By mail to registered email addresses and on website of the IBBI) Dear Madam / Sir, Sub: Commencement of Disciplinary Proceeding The Insolvency and Bankruptcy… Read More
Govt. invites comments on draft Notification under section 112A as inserted by Finance Act, 2018 by 30th April, 2018
The Finance Act, 2018 has withdrawn the exemption under clause (38) of Section 10 of the Income-tax Act, 1961 (the Act) and has introduced a new section 112A in the Act, to provide that long term capital gains arising from transfer of a long-term capital asset being an equity share in a company or a… Read More
SEBI slams fine of Rs. 1 cr for Non-Compliance
SEBI imposes a total fine of Rs. 1 crore, including Rs. 5 lakh on Compliance officer of Suzlon Energy, for failure to disclose the price sensitive information required under the insider trading regulations for several occassions. The violations made by the company pertains to, failure in making certain corporate announcements received by them. The regulator said,… Read More
E-Way Bill system to roll out in Arunachal Pradesh, Madhya Pradesh, Meghalaya, Sikkim and Puducherry from 25 April, 2018
PRESS RELEASE 23rd April, 2018 Subject: Roll out of e-Way Bill system for intra-State movement of goods in the States / Union Territory of Arunachal Pradesh, Madhya Pradesh, Meghalaya, Sikkim and Puducherry from 25 thApril, 2018 As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled… Read More
Issues regarding “Bill To Ship To” for e-Way Bill under CGST Rules, 2017
A number of representations have been received seeking clarifications in relation to requirement of e-Way Bill for “Bill To Ship To” model of supplies. In a typical “Bill To Ship To” model of supply, there are three persons involved in a transaction, namely: ‘A’ is the person who has ordered ‘B’ to send goods directly… Read More
RBI updates Know Your Customer (KYC) Direction, 2016
RBI/DBR/2015-16/18 Master Direction DBR.AML.BC.No.81/14.01.001/2015-16 February 25, 2016 (Updated as on April 20, 2018) Master Direction - Know Your Customer (KYC) Direction, 2016 In terms of the provisions of Prevention of Money-Laundering Act, 2002 and the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, Regulated Entities (REs) are required to follow certain customer identification procedures while… Read More
PFRDA prescribes New NPS Subscriber Registration Form- Additional Mandatory Requirements
Pension Fund Regulatory and Development Authority (PFRDA) has been established by the Government of India for regulation and development of Pension Sector in order to protect the old age income security of subscribers. PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS)… Read More
Strengthening the Guidelines and Raising Industry standards for RTA, Issuer Companies and Banker to an Issue: SEBI
Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 April 20, 2018 To, All Listed entities (Through Stock Exchanges) All Registered Bankers to an Issue (BTIs), All Registrars to an Issue / Share Transfer Agents (RTAs) acting on behalf of listed entities All Depositories All Recognised Stock Exchanges Dear Sir/Madam, Subject: Strengthening the Guidelines and Raising… Read More
CBIC notifies Exchange Rate of Foreign Currency Relating To Imported and Export Goods
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.31/2018-CUSTOMS (N.T.), dated 5th April, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes… Read More
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