Govt. decides to organise workshops on GST
Workshops on GST Government has taken decision to organize workshops to make the people aware about Goods and Services Tax (GST). Both at the Central and States level have been organizing GST Awareness campaigns through workshops all across the country to spread awareness on GST. The workshops are being conducted in a town hall format… Read More
RBI issues Cyber security framework to mitigate cyber crimes in banks
Measures to check cyber crimes in Banking System As per data reported by the Reserve Bank of India (RBI), the number of cyber crime pertaining to credit card, ATM, debit card and Internet banking shows a marginal increase of 4.4% from 13,083 in 2014-15, to 13,653 in 2016-17. RBI has issued Cyber Security Framework in… Read More
Govt. imposes levy of 10% BCD on cellular mobile phones and certain electronic goods
Government imposes levy of 10% basic customs duty (BCD) on cellular mobile phone, specified parts thereof and certain electronic goods. The Government had constituted Inter Ministerial Committee [IMC] comprising of officers from Ministry of Electronics and Information Technology (MeitY), the Department of Commerce (DoC), Department of Telecommunication (DoT) and Department of Revenue (DoR) to identify… Read More
GSTN to be issued soon to tax payers with Provisional ID and new taxpayers
Rules related to Registration and Composition Scheme have been notified on 19th June, 2017& came into effect from 22nd June, 2017 in order to start the process of issue of Registration Certificate, called Goods and Services Tax Identification Number (GSTIN), to taxpayers already issued provisional ID for registration (PID) as well as to the new taxpayers. The… Read More
Government enters into 9 UAPAs with Indian taxpayers in July, 2017
Government enters into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in July, 2017 The Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in the month of July, 2017. Some of the UAPAs signed had rollback provisions also. The APA Scheme endeavours to provide certainty… Read More
SEBI amends Serial No. 2889(E) dt. 20th October, 2015
MINISTRY OF FINANCE (Department of Economic Affairs) (FINANCIAL MARKET DIVISION) NOTIFICATION New Delhi, the 28th July, 2017 S.O. 2419(E).—In exercise of powers conferred by Sub-Section 1 read with Section 4 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Central Government hereby makes the following further amendment in the notification… Read More
SEBI amends Issue of Capital and Disclosure Requirements Regulation
THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, JULY 31, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 31st July, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (THIRD AMENDMENT) REGULATIONS, 2017 No.SEBI/LAD-NRO/GN/2017-18/014─ In exercise of the powers conferred under… Read More
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
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