CBIC extends the Due Date for filing FORM CMP-08 by Composition Taxpayers.
Form GST CMP-08 is used to declare the details or summary of self-assessed tax which is payable for a given quarter by taxpayers who are registered as composition taxable person or taxpayer who have opted for composition levy.
The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2022.
As per clause 15A, an insolvency professional shall prominently state in all his communications to a stakeholder, his name, address, e-mail, registration number and validity of authorisation for assignment, if any, issued by the insolvency professional agency of which he is a member.
DGFT clarification regarding applicability of PIMS at the time of import at SEZ/FTWZ /EOUs and further import into DTA
It is clarified that PIMS Registration shall be required at the point of import by a Unit in SEZ/FTWZ or at the time of import by an EOU of the items covered under PIMS.
RBI clarification on Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank Payment System Operators (PSOs)
The non-bank PSOs shall inform RBI within 15 calendar days of change in management / directors and Sale / Transfer of payment activity to an entity authorized for undertaking similar activity.
Government of Uttar Pradesh notifies Draft Uttar Pradesh Dookan Aur Vanijya Adhishthan (Navam Sanshodhan) Niyamawali, 2022.
The amendment is notified under rule 2-A which deals with form of register to be kept by the inspector concerned of the shop or commercial establishment and fees charged for their registration and its validity.
Delhi Labour Welfare Board notifies new portal for accepting online contribution from employer/employee.
Therefore all employers/establishment covered under the Bombay labour welfare fund act, 1953 as extended to UT of Delhi are directed to henceforth utilize the above services.
The Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) (Amendment) Regulations, 2022.
The disciplinary proceedings shall be conducted in accordance with the provisions of the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017.
The International Financial Services Centres Authority (Finance Company) (Amendment) Regulations, 2022.
A Finance Unit can be set up if the applicant is an incorporated entity in its home jurisdiction.
Provided that a Finance Unit can be set up for undertaking core activities as specified in these regulations only if the applicant, being an incorporated entity in its home jurisdiction, is engaged in the business of financial services and is regulated by a financial sector regulator in its home jurisdiction and has obtained a No-Objection Certificate from the home regulator for setting up a Finance Unit in the IFSCs, wherever applicable.
Directions to insurers for risk management management
Every insurer, in order to meet its liabilities, shall earmark, invest and at all times keep earmarked and invested, assets of value not less than that of the liabilities. An insurer may invest not more than five per cent. of the assets by value, in a company or other body corporate which is owned or controlled by the promoters, subject to the condition that the assets shall be held free of any encumbrance, charge, hypothecation or lien.
SEBI relaxes fee for arbitration reference under Investor Grievance Redressal Mechanism
In order to Speed up grievance redressal mechanism, it is clarified that a client, who has a claim / counter claim up to Rs.20 lakh (Rs. Twenty lakh) and files arbitration reference, will be exempted from payment of the fees prescribed under circular dated February 23, 2022.
