Central government provides the procedure for import clearance of goods for free distribution for COVID relief
Central government provides the procedure for import clearance of goods for free distribution for COVID relief. Before clearance of the said goods, the importer shall submit to the Deputy or the Assistant Commissioner of Customs, a certificate from the Central Government, or a nodal authority that the imported goods are meant for free distribution for COVID relief.
NSE provides Updation of new UCC with all mandatory fields in UCC system of Exchange
Any trade executed in client codes for new clients without uploading such UCCs in Unique Client Code system of the Exchange will be liable for penal action including disablement of member trading terminals w.e.f. August 2, 2021.
CBIC extends the validity of AEO certificate
The validity of AEO certificate is extended till June 30, 2021. The validity of AEO certificate is extended for ease of renewal process.
CBIC issues GST relief measures to relax the burden of pandemic outbreak and resultant lockdown
Where, any time limit for completion or compliance of any action, by any authority or by any person, completion of any proceeding or filing of any appeal etc. which falls during the period from 15-04-2021 to 29-06-2021, then the time limit for completion or compliance of such action, shall be extended up to the 30-06-2021 with some exceptions. However, wherever the timelines for actions have been extended by Hon’ble Supreme Court, the same would apply.
SEBI relaxes compliance requirement pertaining to AIFs and VCFs.
Alternative Investment Funds and Venture Capital Funds may submit regulatory filings for these periods, as applicable, on or before September 30, 2021.
SEBI notifies revised Format for compliance report on Corporate Governance by listed entities.
Under the new format, any loan or any other form of debt advanced by the listed entity directly or indirectly to the promoter or any other entity controlled by them need to be disclosed, along with aggregate amount advanced during six months and balance outstanding at the end of six months.
SEBI extends the date for the implementation of new disclosure rules.
The Mutual funds shall comply with new rules wherein they are required to share details of risk, performance and portfolio to investors only for the scheme in which they have invested.
The Sea Cargo Manifest and Transhipment (Third Amendment) Regulations, 2021.
The authorized sea carrier shall continue to deliver the cargo declaration in Form III of the Import Manifest (Vessels) Regulations, 1971 and Form I of the Export Manifest (Vessels) Regulations, 1976, in the manner as was applicable before the commencement of these regulations, till 30th June 2021,
The Central Motor Vehicles Draft Amendment Rules, 2021.
Through this draft amendment, it is notified that the Battery Operated Vehicles as defined in rule 2(u), shall be exempted from the payment of fees for the purpose of issue or renewal of registration certificate and assignment of new registration mark.
