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Regulation 4 of the International Financial Services Centres Authority (Finance Company) Regulations...
CHAPTER III PRUDENTIAL REGULATORY REQUIREMENTS 4. (1) The prudential regulations applicable to a Finance Company or a Finance Unit, as the case may be, shall be such as may be specified by the Authority. (2) Capital Ratio (CR) A Finance Company or a Finance Unit, as the case may be, shall maintain a minimum capital ratio at eight per cent of its regulatory capital to its risk-weighted assets or at such percentage as may be specified by the Authority. (3) Liquidity Coverage Rat... ... ...

FEMA / RBI
Dated:- 15-9-2026
PTI
LISBON, Portugal and BENGALURU, India, Sept. 15, 2026 /PRNewswire/ -- Natixis announced that Etienne Huret is taking on the additional responsibility of leading its Expertise Centers in Portugal and India, strengthening coordination between the teams in Bangalore, Porto and Lisbon. The new responsibility aims to strengthen coordination between the expertise hubs in Portugal and India, fostering closer collaboration, knowledge sharing and more consistent ways of working across teams and geogr... ... ...

Registration Requirement
Act Rules Indian Laws
Regulation 3 of the International Financial Services Centres Authority (Finance Company) Regulations...
CHAPTER II SETTING UP OF A FINANCE COMPANY 3. (1) An entity shall commence business as a Finance Company or Finance Unit, as the case may be, in International Financial Services Centres (IFSCs) only after obtaining a certificate of registration from the Authority for carrying out the activities specified in Schedule to these regulations. (2) A Finance Company can be set up either as a subsidiary or a joint venture, or as a newly incorporated company under the Companies Act, 2013, or... ... ...

Definitions
Act Rules Indian Laws
Regulation 2 of the International Financial Services Centres Authority (Finance Company) Regulations...
2. (1) In these regulations, unless the context otherwise requires, - a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); b) "Aircraft Lease" includes operating and financial lease and any hybrid of operating and financial lease of aircraft or helicopter and engines of aircraft or helicopter or any other part thereof; c) "Authority" means the International Financial Services Centres Authority established under sub- section ... ... ...

Short title and commencement
Act Rules Indian Laws
Regulation 1 of the International Financial Services Centres Authority (Finance Company) Regulations...
INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 25th March, 2021 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY (FINANCE COMPANY) REGULATIONS, 2021 IFSCA/2020-21/GN/REG010.-In exercise of the powers conferred by sub-section (1) of Section 28, read with sub-section (1) of Section 12 and sub-section (1) of Section 13 of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby mak... ... ...

2024 (7) TMI 1816
Case Laws Customs
-
Samar Nanda (Customs Authority for Advance Rulings, New Delhi) Present for the Applicant : Mr. Tarun Gupta, Authorized Representative. Present for the Department : None Ruling M/s. Exim Incorporation, 278, Katra Peran, Tilak Bazar, Delhi-110006, the Applicant currently engaged in Import and Local Trading of various items related to Food Industry like Dry Fruits, Spices, and Areca/Betel Nuts, having Import Export Code No. 0509088708 and GST Number (GSTIN) 07AAOPG0854E1ZV ('applica... ... ...

Notification No. IFSCA/2021-22/GN/REG11 Dated:- 12-4-2021 Indian Law
Recognition of IFSC stock exchanges, clearing corporations and depositories depends on incorporation, ownership, fit-and-proper status, net worth, governance and operational capability. Stock exchanges require orderly trading, surveillance, investor grievance and continuity systems; clearing corporations require netting, novation, risk controls and a Settlement Guarantee Fund; and depositories require secure dematerialisation, daily reconciliation, data protection and investor safeguards. Recognised institutions must ensure fair access, maintain electronic records, appoint a compliance officer, submit returns, and remain subject to inspection, audit, directions and prescribed conditions.

Notification No. 38/1/2017-Fin(R&C)(10/2025-Rate) Dated:- 17-9-2025 Goa SGST
Goa grants full State tax exemption for specified intra-State supplies of goods classified under listed tariff items, headings and Chapters. Coverage includes primary agricultural produce, specified food products, seeds, feed, medicines, contraceptives, educational goods, cultural articles, public-interest goods and identified indigenous handmade musical instruments. Many entries apply only to goods other than pre-packaged and labelled goods. Lottery supplies, grant-funded supplies by Government entities, hearing-aid parts and public auctions of specified gift items are subject to stated conditions. Customs Tariff classification rules apply, and seed exemptions require seed-quality or sowing use.

FEMA / RBI
Dated:- 15-9-2026
PTI
With the Bajaj Finance Personal Loan, eligible customers can avail of loans ranging from Rs. 40,000 to Rs. 55 lakh with flexible repayment tenures and easy online application process Pune, Maharashtra, India (NewsVoir) Bajaj Finance offers Personal Loans at interest rates ranging from 10% to 30.5% per annum, giving eligible borrowers access to Rs. 40,000 to Rs. 55 lakh for planned and unexpected financial requirements. Bajaj Finance Personal Loan With the Bajaj Finance Personal Loan, c... ... ...

2003 (7) TMI 760
Case Laws Income Tax
Bogus purchase liabilities can be taxed as unexplained credits when records and bank accounts fail to establish genuineness.
Section 68 of the Income-tax Act applies to an unexplained bogus liability recorded in the books, even where the credit does not represent a cash receipt. A purchase from a related concern was found non-genuine from supporting records and bank-account examination, leaving the corresponding liability as an unsubstantiated paper entry. As no plausible explanation established the liability's genuineness, the amount credited as the bogus purchase liability was liable to be added to income under Section 68.

Customs & Trade
Dated:- 15-9-2026
PTI
India's merchandise exports grew faster than imports in August 2026, reducing the merchandise trade deficit to USD 26.86 billion. Exports reached USD 43.81 billion, with engineering goods, petroleum products, chemicals and textiles supporting growth, while imports amounted to USD 70.76 billion. During April-August, both exports and imports increased. Export demand was significant in the United States, European Union, BRICS countries and other emerging economies, while gold imports declined substantially in August.

Notification No. 38/1/2017-Fin(R&C)(12/2025-Rate) Dated:- 17-9-2025 Goa SGST
Goa Government amends Notification No. 38/1/2017-Fin(R&C)(8/2018-Rate) under its statutory GST exemption power. The existing reference to Schedule IV of Notification No. 38/1/2017-Fin(R&C)(1/2017-Rate) is replaced by Schedule II of Notification No. 38/1/2017-Fin(R&C)(09/2025-Rate). The amended cross-reference applies from 22 September 2025.

Customs & Trade
Dated:- 15-9-2026
PTI
Granted design and utility intellectual property protection covers a distributed CCS2 EV charging architecture that centralizes power conversion in a shared Power Unit while compact Dispenser Units provide connectors, authentication hardware and displays. The arrangement supports multiple output terminals, permits scalable addition of dispensers, and avoids duplication of conversion and cooling equipment at each charging bay. Dispensers deliver up to 375A per CCS2 connector through natural air cooling and include authentication, monitoring, communication and standards-aligned charging functions.

Notification No. IFSCA/2020-21/GN/REG10 Dated:- 25-3-2021 Indian Law
Finance Companies and Finance Units in International Financial Services Centres require registration before conducting permitted financial activities and cannot accept public deposits or operate as Banking Units. Applicants must satisfy applicable owned-fund requirements, FATF-related eligibility standards, and, where relevant, home-regulator no-objection requirements. They must maintain prescribed capital, liquidity, and counterparty-exposure standards. Permissible activities include lending, investments, leasing, derivatives, treasury functions, and specified non-core services, subject to operational safeguards. Resident dealings remain subject to foreign-exchange law, speculative transactions are prohibited, and anti-money-laundering, governance, disclosure, and reporting obligations apply.

Circular No. Order No. 1/2018 - State Tax Dated:- 28-3-2018 Chhattisgarh SGST Dated:- 28-3-2018 Chha...
The deadline for furnishing the declaration in Form GST TRAN-2 under Rule 117(4)(b)(iii) of the Chhattisgarh Goods and Services Tax Rules, 2017, is extended up to 30 June 2018. The extension is issued under Section 168 of the Chhattisgarh Goods and Services Tax Act, 2017, read with the relevant rule, based on the Council's recommendations.

Customs & Trade
Dated:- 15-9-2026
PTI
India-New Zealand Free Trade Agreement is expected to enter into force from 19 October 2026. It provides duty-free access in New Zealand for all Indian exports, replacing peak tariffs applicable to specified Indian goods, including ceramics, carpets, automobiles and auto components. The arrangement is intended to expand bilateral trade in goods and services, promote investment, and includes New Zealand's investment commitment in India over a 15-year period.

Circular No. Vak/Tak/108/2017/436 Dated:- 21-11-2017 Chhattisgarh SGST Dated:- 21-11-2017 Chhattisga...
Screening Committee appointment under Rule 123(2) of the Chhattisgarh Goods and Services Tax Rules, 2017 is constituted pursuant to the applicable State Commercial Taxes Department order. The Committee comprises the Commissioner of State Tax, Chhattisgarh, Raipur, and the Commissioner (Appeals), Central Tax (GST), Raipur. Its office is established at the Office of the Commissioner, Commercial Taxes, Chhattisgarh, Civil Lines, near Raj Bhavan, Raipur.

Circular No. CT/Tech/108/2017/435 Dated:- 21-11-2017 Delhi SGST Dated:- 21-11-2017 Delhi SGST
Chhattisgarh's GST advance-ruling framework identifies the State Tax Joint Commissioner and the CGST and Central Excise Joint Commissioner as members of the Authority for Advance Ruling. The Authority's office is established at the Office of the Commissioner, Commercial Taxes, Civil Lines, near Raj Bhavan, Raipur, defining its membership and administrative location for advance-ruling functions under the GST regime.

Circular No. PUBLIC NOTICE NO. 33/2018 Dated:- 13-4-2018 Trade Notice Dated:- 13-4-2018 Trade Notice
ECTS facilitates voluntary, expedited Nepal transit cargo movement through electronic Customs Transit Declarations, electronic seals and GPS-based tracking. Traders or Customs Brokers must register with the Managed Service Provider, upload prescribed commercial and undertaking documents, and complete the electronic declaration process. Customs approves the declaration, affixes and verifies ECTS seals, and uses system-generated trip reports for reconciliation and automatic discharge of Letters of Undertaking. Seal alerts or unavailable electronic verification require risk-based physical verification. The system also tracks return of empty containers and supports specified rail-road multimodal transit movements.

2024 (8) TMI 1768
Case Laws Income Tax
Share-sale capital gains require complete third-party verification before unexplained-credit additions or exemption denial can be sustained on remand.
Share-sale proceeds and the claimed long-term capital gain required fresh verification where purchase records, dematerialised holdings, stock-exchange sales and banking receipts were available, but the investigation into alleged exit providers remained incomplete. Unserved notices alone did not complete verification because the identified providers were not properly examined, the taxpayer lacked a reasonable opportunity to address that verification, and no enquiry was made from the person said to have handled the transactions. Withdrawal of the scrip's trading suspension indicated no continuing trading bar. The matter was remitted to the Assessing Officer for further investigation and relevant statements.

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