Category Archives: Regulatory

Insights of the 43rd GST Council Meeting held on 28th May’2021

GST Council in 43rd GST Council Meeting held on 28th May, 2021 have made the following recommendations as listed below:   S. No. Recommendations in brief 1. ·      Relief items like oxygen concentrators, medical oxygen, COVID-19 vaccines etc., to be … Continue reading

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CSR-Covid Spending Clarification

The Ministry of Corporate Affairs vide its General Circular No. 05/2021 dated April 22, 2021 has clarified that the spending of CSR funds for ‘setting up of makeshift hospitals and temporary COVID Care facilities’ is an eligible CSR Activity under item nos. … Continue reading

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Amendment in Schedule III of the Companies Act, 2013 (Applicable w.e.f 01.04.2021)

The Ministry of Corporate Affairs vide Notification G.S.R. 207(E) dt. 24th March 2021 has amended Schedule III to the Companies Act, 2013 which shall be effective from the 1st day of April 2021. The notification incorporates various additional disclosure requirements … Continue reading

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CBIC vide Notification Number 41/2021- customs (N.T.) dt. 05.04.2021 makes Customs (Verification of Identity and Compliance) Regulations, 2021

These regulations shall apply to the following class of persons who are newly engaging in import or export activity after the commencement of these regulations:- Importer;  Exporter;  Customs Broker Provided that the Commissioner of Customs may select any person, who … Continue reading

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Foreign Trade Policy (2015-2020) validity Extended till 30/09/2021

In exercise of powers conferred by Sec 5 of Foreign Trade (Development & Regulation) Act, 1992 read with para 1.02 of Foreign Trade Policy(FTP) 2015-2020 the validity of existing Foreign Trade Policy 2015-20 which was valid upto 31.03.2021 has been … Continue reading

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