ricago GRC Bulletin - September - 2022 Edition
Corporate Laws
On August 2 2022, The Reserve Bank of India periodically issued guidelines/instructions/directives to banks with regard to providing credit facilities to Minority Communities…. Read more
SEBI ISSUES CIRCULAR FOR ENHANCED GUIDELINES FOR DEBENTURE TRUSTEES AND LISTED ISSUER COMPANIES ON SECURITY CREATION AND INITIAL DUE DILIGENCE
SEBI on 4th August, 2022 notified a circular regarding enhanced guidelines for debenture trustees and listed issuer companies on security creation and initial due diligence…. Read more
Tax Laws
CBIC ISSUES CLARIFICATIONS REGARDING GST RATES & CLASSIFICATION OF GOOD
The Ministry of Finance on 03.08.2022 issued a circular regarding clarification on GST rates & classification (goods) based on the recommendations of the GST Council in its 47th meeting held on 28th – 29th June 2022…. Read more
CBIC CLARIFIED APPLICABLE GST RATES & EXEMPTIONS ON CERTAIN SERVICES
On 3rd August 2022, CBIC addressed to Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All), The Principal Director Generals/ Director Generals (All) regarding … Read more
General Laws
IRDAI ISSUES CIRCULAR FOR AMENDMENTS TO INVESTMENTS MASTER CIRCULAR
IRDAI has received few representations from Insurance companies to relax/amend certain provisions of Investment regarding the classification of investments in equity shares as approved investments… Read more
Labour Laws
GOVERNMENT OF MP NOTIFIES CONDITIONS FOR EXEMPTIONS FROM RESTRICTIONS ON EMPLOYING WOMEN WORKERS DURING NIGHT SHIFTS
Under section 25 Madhya Pradesh Shops and Establishments Act, 1958 defines working hours of women between 9:00 PM to 8:00 AM shall not apply to all shops and commercial establishments in the whole of the state …. Read more
Judicial Insight
NCLAT DELHI: CIRP AGAINST SOLVENT, MSME COMPANY OFFERING EMPLOYMENT NOT JUSTIFIED…. Read more
AAR: MANPOWER AND LABOUR SUPPLY SERVICES ATTRACT 18% GST… Read more.
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Recent Blog Posts
Mandatory KYC Compliances for Financial Institution
The term "Know Your Customer" (KYC) refers to the procedure used by institutions to confirm the identities of their clients and determine any potential fraud threats they may present. The idea is that by getting to know your customers, you can prevent money laundering, terrorism funding, and other sorts of illicit financial activity by verifying...
Benefits of Electronic Challan cum Return (ECR)
The Employees Provident Fund Organisation (EPFO) has reduced the burden of compliance on businesses by enabling employers to submit the monthly Electronic-Challan cum Return (ECR) and make the required contributions afterwards. It is a monthly return that must be uploaded electronically via the Employer e-Sewa portal. The return will include the member’s information on the...
Input Tax Credit Mechanism
One of the primary characteristics of the Goods and Services Tax (hereafter referred to as “GST”) is the constant and efficient chain of input tax credits. One of the most crucial aspects of the GST system is that it would simultaneously be imposed by the federal and state governments on the entire supply chain. Input…