CBIC introduces new functionality in GST portal
If a monthly filer has not filed the GSTR-3B for the preceding month, then such taxpayer will not be allowed to file the GSTR-1 for the subsequent month, till the GSTR-3B for the preceding month is filed.
NSE clarification regarding Submission of data towards monitoring of client funds under Enhanced Supervision guidelines
It is reiterated that Members shall not invest client funds received by the members in the client bank accounts in any Liquid Mutual Funds, Gilt Funds, Government Securities or any other liquid funds.
IRDAI (Surety Insurance Contracts) Guidelines, 2022.
The regulation shall be applicable to all Insurers registered under the Insurance Act, 1938, to transact the business of general insurance and Surety Insurance, subject to compliance with eligibility criteria as set out in these guidelines.
MoEF issues notification on ash utilisation from coal or lignite thermal power plants.
Every coal or lignite based thermal power plant shall ensure that loading, unloading, transport, storage and disposal of ash is done in an environmentally sound manner and that all precautions to prevent air and water pollution are taken and status in this regard shall be reported to the concerned State Pollution Control Board (SPCB) or Pollution Control Committee (PCC)
Health Insurance Policies to cover omicron treatment cost.
The Insurance companies shall put in place effective coordination mechanism with all their network providers (hospitals) for the purpose of making available seamless cashless facility to all policyholders in case of hospitalisation if any and render speedy services to all policyholders.
RBI releases Framework for Facilitating Small Value Digital Payments in Offline Mode.
The framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000. Under this new framework, such payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets, mobile devices, etc. Such transactions would not require an Additional Factor of Authentication (AFA). Since the transactions are offline, alerts (by way of SMS and / or e-mail) will be received by the customer after a time lag.
Government of Tamil Nadu extends the time limit for furnishing audit report in electronic form till 31st March 2022.
As per rule 16A every registered dealer is liable to get his accounts audited and shall furnish the audit report in Form-WW within seven months from the end of the year in duplicate.
SEBI clarifies timeline to submit NOC from the lending institutions for scheme of arrangement
NOC from the lending scheduled commercial banks/ financial institutions/ debenture trustee shall be submitted before the receipt of the No objection letter from stock exchange for scheme of arrangement in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Modified exercise mechanism for options on Commodity Futures
All In the money (ITM) option contracts shall be exercised automatically, unless ‘contrary instruction’ has been given by long position holders of such contracts for not doing so. All Out of the money (OTM) option contracts shall expire worthless.
DGFT allows option to file manual/physical EODC applications for Advance authorizations
DGFT allows option to file manual/physical EODC applications for Advance authorizations which have been issued prior to 1.12.2020.
