Category: Government Advisory

SEBI has notified 2nd amendment in Issue and Listing of Debt Securities

The Securities and Exchange Board of India (SEBI) has notified 2nd amendment in Issue and Listing of Debt Securities (ILD) which shall come

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A universal loan portal launched by Small Industries Development Bank of India

Entrepreneurs can apply online for Micro Small Medium Enterprise (MSME) loans up to Rs. 2 crore without visiting their respective bank branches.

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New Cheque Book by 31st December, 2017 bearing new IFS code.

All the Account holders of aforesaid banks which were merged with SBI Bank, they are required to have new cheque book by 31st December, 2017 bearing new IFS code.

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A 3 Month Window For Relief of Disqualified Directors by MCA

Section 164 of the Companies Act, 2013, provides the events which result in disqualification of directors. For those director who had been disqualified

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I-Bankers blamed by RBI for faulty Project or Loan Appraisals

The merchant banking arm of SBI, for both loan appraisals as well as loan restructuring and even project appraisals.

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Bombay High Court’s order on Disqualification of Directors

Whether disqualification of directors for non-filing of financial for a continuous period of three years from FY 2014, 2015 & 2016 tantamount to retrospective effect of Companies Act, 2013? Bombay High Court in its order dated October 12, 2017, gave clarity on following observations pertaining to Section 167(2) (a): 1) Non-filing of financial for FY … Continue reading “Bombay High Court’s order on Disqualification of Directors”

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Complaint handling regulations are implemented by IBBI

The complaint handling regulations have been implemented by Insolvency and Bankruptcy Board of India (IBBI). In the procedure, the complaint filing fee will be refunded to the stakeholder in case the complaint is found to be not “frivolous or malicious”. This will be applicable to all stakeholders, including creditors, debtors and service providers. A stakeholder … Continue reading “Complaint handling regulations are implemented by IBBI”

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National Database of Housing Projects to be created by Urban Housing Ministry

A national database of all housing projects is to be created by the Housing and Urban Affairs Ministry. The idea behind this accomplishment is to capture the status and delays in the housing projects. The ministry will also notify the Central Advisory Council to advise the government on implementation of RERA. The process of having a central … Continue reading “National Database of Housing Projects to be created by Urban Housing Ministry”

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10,000 Applications filed for GST Refunds by Exporters

Last month the Central Board of Excise and Customs (CBEC) started Goods and Services Tax (GST) refunds for exporters who have paid Integrated GST (IGST) and have claimed refund based on shipping bill by filling up Table 6A. Earlier this month, it allowed businesses making zero-rated supplies or those who have paid IGST on exports … Continue reading “10,000 Applications filed for GST Refunds by Exporters”

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Expert Panel to be Planned for Drug pricing and Launches

The government is planning to set up an expert panel for consultation on matters pertaining to the implementation of the drug price control order, including technicalities involved in pricing and new launches. As per the Department of Pharmaceuticals (DoP), a multi-disciplinary committee of experts will have member secretary of National Pharmaceutical Pricing Authority (NPPA) as its convener. It … Continue reading “Expert Panel to be Planned for Drug pricing and Launches”

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