SEBI clarification on transfer of Securities held in Physical Mode
SEBI recently mandated dematerialization of physical shares held by an investors, by brining an amendment to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and disallowing listed companies from accepting request for transfer of securities which are held in physical form with effect from 01st April 2019 except in case of transmission or transposition. In […]
Implementation of SEBI LODR provision on RPT involving brand usage or royalty extended
SEBI at its Board meeting held on 27 March 2019, decided to extended the timeline for implementation of Regulation 23(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘SEBI LODR’] relating to payment of royalty and brand usage charges to related parties. In the amendments introduced to SEBI LODR on 09th May 2018, […]
SEBI cuts fee for re-filing the offer document
At the meeting of the SEBI Board held on 01st March 2019, it was decided to revise the fee structure charged by the Regulator in certain cases considering the need to keep a balance between the transaction cost on Securities market and the financial resources required to ensure regulatory efficiency. In line with the decision […]
Beauty Parlour, Spa and Massage Parlours need Trade License in Chennai
The Tamil Nadu Government recently resolved that the trade of Beauty parlour, spa and massage parlour needs a trade license which attracts an annual fee, by amending the licensing schedule VI of the Chennai City Municipal Corporation Act, 1919 [vide gazette notification date 25/02/2019]. To obtain the trade license, the Beauty parlour/ spa/ massage parlour […]
Bio-Medical Waste Management (Amendment) Rules, 2019
The Central Government vide notification G.S.R. 129(E) on 19th March 2019, has published in the e-gazette, the Bio-Medical Waste Management (Amendment) Rules, 2019 to amend the Bio-Medical Waste Management Rules, 2016. The key highlights of the amended Rules are as follows: The occupier of all bedded health care units, shall maintain and update on a […]
Odisha Fire Prevention and Fire Safety Rules, 2017 amended
Odisha Fire Prevention and Fire Safety (Amendment) Rules, 2019 has been notified on 6th March, 2019. In the amendment, Classes of premises or occupancies likely to cause risk of fire as per Rule 9 hence requiring a fire safety certificate, have been revised and defined more clearly as under: Underground or partially underground structures which […]
Revised Central GST rates applicable on ‘First supplies’
The Central Government, on the recommendations of GST Council, has decided to revise the Central tax on the intra-State supply of goods and services by notification dated 7th March, 2019. Tax at rate of 3% shall be levied on First supplies of goods or services or both upto an aggregate turnover of fifty lakh rupees […]
GSTR-3B to be furnished till June 2019
Central Board of Indirect Taxes and Customs has notified vide notification dated 7th March, 2019, that FORM GSTR-3B shall be furnished electronically from April, 2019 to June, 2019. The decision is taken on the recommendations of GST Council. FORM GSTR-3B shall be furnished electronically through the common portal, on or before the twentieth day of […]
RBI revises trade credit policy framework
The Reserve Bank of India has notified a new Trade Credit Framework under the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 vide A.P (DIR Series) Circular No.23 [‘the Regulation’] after recently amending the ECB framework based on its Regulation in January, 2019. The Trade Credit framework will come into effect immediately on the date […]
Government Notifies creation of GST appellate tribunal
The Ministry of Finance has notified the creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi, with effect from today, 14 March 2019, on the recommendation of the GST Council. GSTAT will function as a quasi-judicial body that will mediate in indirect tax disputes between States and […]
