IBBI extends the validity of Online Delivery of Educational Course and Continuing Professional Education by Insolvency Professional Agencies and Registered Valuers Organisations Guidelines, 2020 till 31st March, 2022.

Regulation 7(2)(ba) of IBBI (Insolvency Professionals) Regulations, 2016, mandates that the registration of an IP is subject to the condition that he shall undergo continuing professional education as may be required by the Board. In pursuance of this, the Board has issued the IBBI (Continuing Professional Education for Insolvency Professionals) Guidelines, 2019.

SEBI issues directions to stock exchanges in Commodity Derivatives segment.

The Securities and Exchange Board of India on 20th December 2021 has issued directions to Stock Exchanges in the Commodity Derivatives Segment for immediately suspending trading in derivative contracts in following commodities: The Paddy (non-basmati) Wheat Chana Mustard seeds and its derivatives (its complex) Soya bean and its derivatives (its complex) Crude palm oil Moong […]

Steps taken by Government to improve flow of credit to MSME sector.

The Reserve Bank of India in its earlier circular, has allowed Scheduled Commercial Banks (SCBs) to deduct the amount equivalent to credit disbursed to New Micro Small and Medium Enterprises (MSMEs), who have not availed any credit facilities from banking_system as on 01.01.2021, from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR).

Registered person under CGST Act making zero rated supply shall be eligible to claim refund of unutilized input tax

A registered person under CGST Act making zero rated supply shall be eligible to claim refund of unutilised input tax credit on supply of goods or services or both, without payment of integrated tax, under bond or Letter of Undertaking, in accordance with the provisions of section 54 of the Central Goods and Services Tax Act or the rules made thereunder, subject to such conditions, safeguards and procedure as may be prescribed.