NSE initiates strict action against misuse of client funds by trading members
The Exchange has observed instances of misuse of client funds during its inspections as well as in the alerts generated under offsite supervision. Administrative actions shall be taken by the Exchange against such misuse.
NSE has advised all trading members to ensure that all their clients link their PAN with Aadhar details latest by June 30, 2023
The NSE has advised all trading members to ensure that all their clients (existing and new) comply with the requirement of linking their PAN with Aadhar details latest by June 30, 2023, failing which they shall not be allowed to trade on the Exchange.
Insolvency Professionals to Act as Interim Resolution Professionals, Liquidators, Resolution Professionals, and Bankruptcy Trustees (Recommendation) Guidelines, 2023
These guidelines provide the procedure to establish a panel of eligible Insolvency Professionals (IPs) for appointment as Interim Resolution Professionals (IRPs), Liquidators, Resolution Professionals (RPs), and Bankruptcy Trustees (BTs) for a specified period.
The Government of Bihar further amended the E-invoice applicability limit for GST registered persons
Prior to the recent amendment by the Bihar government, the E-invoice applicability limit stood at 10 Crore rupees. However, with the new notification, the registered persons under Bihar Goods and Service Tax, Rules, 2017 whose aggregate turnover in a financial year exceeds fice crore rupees shall prepare E-invoice.
TRAI Consultation Paper on Assignment of Spectrum for Space-based Communication Services
The counter comments may be sent to Shri Akhilesh Kumar Trivedi, Advisor (Newvorks, Spectrum and Licensing), TRAI, preferably in electronic form at advmnOtrai.qov.in and he may be contacted for any clarification/information at Telephone Number +91-11-23210481 before 22 June, 2023.
Guidelines for processing of applications for GST related registrations
Instances of fraudulent individuals obtaining fake or bogus GST registrations have emerged, leading to substantial revenue losses for the government. These registrations are utilized to illicitly pass on input tax credit to unscrupulous recipients through the issuance of invoices without actual supplies. To address this problem, the Central and State tax authorities have initiated a Special All-India Drive against fake registrations. One crucial aspect of preventing such fraudulent activities is strengthening the verification process for registration applications
IRDAI repeals redundant circulars
The circulars are withdrawn to rationalize, streamline the regulatory framework, enhance clarity and reduce complexity in compliance requirements.
IRDAI clarification regarding prior circular on Reporting of Cyber Security Incidents by Regulated Entities
All Regulated Entities are directed to scrupulously follow the provisions regarding reporting of incident to IRDAI and Cert-In. Further, Regulated Entities are required to submit available details of Cyber Security Incident to the Authority in an enclosed format within 24 hrs of intimation of the incident.
State Governments to continuously monitor the stock and prices of Tur and Urad
In the meeting, the state governments were asked to continuously monitor the prices and verify the stock positions of stock-holding entities and take strict action on those who violated the stock limits order.
World Blood Donor Day inaugurated at RML Hospital as part of Raktdaan Amrit Mahotsav
The slogan for this year’s World Blood Donor Day campaign is ‘Give blood, give plasma, share life, share often’. It focuses on patients requiring lifelong blood transfusion support and underlines the role every single person can play by giving the valuable gift of blood or plasma.
