CBIC Extends PAN-Aadhaar linking deadline till 31st March 2020
The Central Board of Direct Taxes vide Notification dated 30th December 2019 has extended the due date for linking permanent account number (PAN) with Aadhaar from 31st December, 2019 to 31st March 2020.
CBDT Notifies prescribed mode of payment for business with turnover more than 50cr
Businesses having turnover of more than Rs 50 crores shall “mandatorily” make arrangement to accept payments through listed electronic modes from 1st January 2020.
SEBI Issues guidelines for filing of placement memorandum of units of the infrastructure investment funds
The Securities and Exchange Board of India vide Circular dated 24th December 2019 has issued guidelines for filing of draft placement memorandum of units by an InvIT and this Circular shall be effective from 15th January 2020.
SEBI introduces stewardship code for all mutual funds and AIFs
SEBI has decided that all Mutual Funds and all categories of AIFs shall mandatorily follow the Stewardship Code in relation to their investment in listed equities under the SEBI Act, 1992.
CBIC prescribes the standard operating procedure to be followed in case of non-filers of GST returns
Central Board of Indirect Taxes and Customs prescribes a standard operating procedure to be followed in case of non-filers of returns.
CBIC extends the last date for furnishing Annual Return or reconciliation statement for Financial Year (FY) 2017-18 from December 31, 2019 to January 31, 2020.
The annual return in Form GSTR-9 to be paid for the period from 1st July, 2017 to the 31st March, 2018 could not be furnished by the registered persons Due to Technical issues. Therefore CBIC on recommendation of the council has extended the due date from 31st Dec 2019 to 31st January 2020.
CBIC waives late fees for non-filing of Form GSTR-1
The Central Board of Indirect Taxes and Customs in its Notification dated 26th December 2019, has waived the late fees for Non – Filing of FORM GSTR-1 for the months/quarters from July, 2017 to November, 2019. This Notification shall be effective from 19th December 2019.
SEBI modifies its framework on listing of commercial paper
The Securities and Exchange Board of India vide Circular dated 24th December 2019 has modified certain paragraph of commercial paper Circular issued on 22nd October 2019, based on representation received from the market participants.
SEBI Issues format for statement of deviation to be submitted by the listed entities
The Securities and exchange board of India has issued a format for statement of deviation in funds raised to be submitted by the listed entities to stock exchanges on a quarterly basis
SEBI lays down framework for mutual fund investments in minor’s name
The Securities and Exchange Board of India has laid down a framework for making investment in mutual funds in the name of minor through guardian and to ease the process for transmission of such schemes.