CBIC Issues clarification on fully electronic refund process by Form GST RFD-01 & Single disbursement
Central Board of Indirect Taxes and Customs , has issued a clarification explaining the new fully electronic refund process through FORM GST RFD-01 and single disbursement.
MCA Notifies the Appropriate Regulator for resolution of Financial Service Providers under Insolvency and bankruptcy code, 2016
The Ministry of Corporate Affairs in its Notification dated 18th November 2019, has notified that The insolvency resolution and liquidation proceedings of the Non-Banking Finance Companies (NBFC) (which include housing finance companies) with asset size of Rs. 500 crore or more, as per last audited balance sheet shall be undertaken in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016 read with the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019.
SEBI Issues directions on margins collection in cash segment
The Securities and Exchange Board of India has issued a Circular on collection and reporting of margins by trade members/clearing members in cash segment in order to align and streamline the risk management framework of both cash and derivatives segments.
FSSAI directs E-commerce food businesses to declare to license authorities their abstinence from advertisement or sale of alcoholic beverages online
The FSSAI has issued a Circular dated 15 November 2019 directing E-commerce businesses that intend to sell liquor or alcoholic food beverages online to submit for Non-Objection Certificate from Excise department of concerned states. Other E-commerce food businesses are directed to file self-declaration to license authorities that they’ll abstain from advertisement or sale of liquor or alcoholic food beverages online.
