FEMA

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ED Conducts Search Under FEMA 1999

Directorate of Enforcement (ED) recovered forex worth Rs. 1.53 Crore by conducting personal search of a person at Kolkata Airport under Foreign Exchange Management Act, 1999 (FEMA). The search was conducted on the basis of Information received from the Airport Intelligence Unit, NSCBI Airport, Customs Kolkata on the night of 21.05.2022 that a passenger has …

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Enforcement Directorate (ED) Carried Out Searches at Premises of Human Hair Merchants/ Exporters Under FEMA 1999

Enforcement Directorate (ED) Carried Out Searches at Premises of Human Hair Merchants/ Exporters Under FEMA 1999

Enforcement Directorate has carried out search operation at 8 premises of Human Hair merchants/exporters in Hyderabad and in West Godavari District, AP under FEMA 1999. During the Money Laundering investigation by ED against Chinese Online Betting Applications, it was noticed that hawala payments to the tune of Rs. 16 Crore were paid to Human hair …

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New Foreign Trade Policy

New Foreign Trade Policy to come into effect from April 1 2021

The meeting of the Parliamentary Consultative Committee of the Ministry of Commerce and Industry was held on the subject “New Foreign Trade Policy 2021-26”. The meeting was chaired by the Minister of State for Commerce and Industry Hardeep Singh Puri, and attended by Members of Parliament and senior officers of the Ministry. During the meeting, it was informed that the new Foreign Trade Policy-FTP will come into effect from 1st April 2021 for a period of five years.

India and Turkmenistan 4th round of Foreign Office Consultations held virtually

Corporate Compliance Calendar for January, 2021 Includes MCA Compliance, INCOME TAX Compliance, GST Compliance etc.

Corporate Compliance Calendar For The Month of January, 2021 contains Compliance Requirement Under Income Tax Act, 1961, Goods & Services Tax Act, 2017 (GST), Other Statutory Laws, Foreign Exchange Management Act, 1999 (FEMA), SEBI (Listing Obligations And Disclosure Requirements) (LODR) Regulations, 2015, SEBI (Depositories and Participants) Regulations 2018), SEBI Takeover Regulations 2011, SEBI (Prohibition of Insider Trading) Regulations, 2015, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI (Buyback of Securities) Regulations, 2018, Companies Act, 2013 (MCA/ROC and LLP Compliance), Due dates of LLP Return Filing, Due dates of ROC Return Filings, Mutual FUnd related updates, Insolvency and Bankruptcy Board of India (IBBI) Updates, NCLT & NCLAT Updates, MSME Key Updates and Investor Education and Protection Fund.