CBDT condones delay in filing Form 10A till 25th November 2022.
NGOs and Charitable Trusts enjoy benefits such as Tax exemption under section 12A which allow them a relief to not pay taxes if they work for the welfare of the society and do not profit from their earnings. Once an organisation like an NGO or a charitable trust is formed, it must register under Section 12A to be eligible for the exemption.
Ministry of Consumer Affairs exempts wholesalers and big chain retailers from the stock limit order with immediate effect.
As the price situation of major edible oils is now witnessing a gradual reversal as there is considerable decline in the prices of edible oil in the international market as well as the domestic market, thestock limit order was reviewed by the department.
International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022.
Every member of Regulated Entity’s Senior Management shall be responsible for the Regulated Entity’s compliance under these Guidelines. While carrying out their responsibilities under these Guidelines every member of a Regulated Entity’s Senior Management shall exercise due skill, care, and diligence.
Mumbai Police makes seat belt compulsory for motor vehicle drives and commuters.
As per the Motor Vehicles (Amendment) Act, 2019, under section l94(b) (1) Whoever drives a motor vehicle without wearing a safety belt or carries passengers not wearing seat belts shall be punishable.
Government of Haryana grants paid holiday to employees on 3rd November 2022 on occasion of polling day.
The paid holiday shall be granted to all Haryana Government offices and Boards/corporations/Educational institutions under Section 25 of the Negotiable instrument Act’ 1BB1 and under section 135-8 of the representation of the people Act, 1951 [amended in 8/1’996) in respect of those employees of the state Government who are registered voters of 47- Adampur Assembly constituency for casting their vote in the said election.
SEBI issues circular on Standardisation of Rating Scales Used by Credit Rating Agencies (CRAs).
Issuer rating / Corporate Credit Rating indicates the degree of safety of the issuer or the rated entity with regard to timely servicing of all its debt obligations. Pursuant to the consultation with the CRAs, standardised symbols and their definitions have been devised for Issuer Rating / Corporate Credit Rating. The new symbols and definitions as notified in these guidelines shall henceforth be used for the new ratings/ reviews by the CRAs for Issuer Rating / Corporate Credit Rating.
RBI to launch its first pilot in the Digital Rupee – Wholesale segment from 1st November 2022.
The use of e₹-W is expected to make the inter-bank market more efficient. Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk. Going forward, other wholesale transactions, and cross-border payments will be the focus of future pilots, based on the learnings from this pilot.
DGFT notifies ICEGATE Helpdesk for redressal of RoDTEP-related grievances.
Indian Customs Electronic Gateway (ICEGATE) is the national portal of Indian Customs of Central Board of Indirect Taxes and Customs (CBIC) that provides e-filing services to the Trade, Cargo Carriers and other Trading Partners electronically.
SEBI revises provisions pertaining to specifications related to International Securities Identification Number (ISIN) for debt securities issued on private placement basis.
The provisions of this circular shall be applicable to ISINs utilised to issue debt securities from April 1, 2023. The newly capped limits shall not be applicable to ISINs utilised for issuance of debt securities upto March 31, 2023 and maturing in later years.
Government of Goa Revised Paddy Procurement rates
Jyoti – Rs. 18.00/Kg
Jaya – Rs. 15.00/Kg
All other varieties – Rs. 12.00/Kg
