{"id":5563,"date":"2019-02-06T17:45:58","date_gmt":"2019-02-06T12:15:58","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=5563"},"modified":"2020-09-09T00:20:55","modified_gmt":"2020-09-08T18:50:55","slug":"corporate-and-professional-updates-on-6th-february-2019","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-on-6th-february-2019\/","title":{"rendered":"Corporate and Professional Updates on 6th February 2019"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">Indirect Tax Updates:<\/span><\/em><\/strong><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" src=\"https:\/\/img.etimg.com\/thumb\/msid-65107275,width-600,height-480,resizemode-4\/small-biz\/policy-trends\/gst-return-filing-simplified-all-you-need-to-know.jpg\" alt=\"Related image\" \/><\/p>\n<ul style=\"text-align: justify;\">\n<li>The Central <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> Department decides to take measures to Recover Interest amount from the defaulters under section 50 of the CGST Act, 2017 including Recovery of Properties etc.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">RBI Updates:<\/span><\/em><\/strong><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" src=\"https:\/\/images.firstpost.com\/wp-content\/uploads\/2016\/05\/RBI-Reuters-380.jpg\" alt=\"Image result for Rbi hd pics\" \/><\/p>\n<ul style=\"text-align: justify;\">\n<li>Central Govt. asks <a href=\"https:\/\/carajput.com\/rbi-consulting.php\">RBI<\/a> to transfer its Entire Surplus generated over the last 2 years as it seeks to meet its Revised Budget Goals for the ongoing and the next financial years.<\/li>\n<li>RBI imposes Separate Monetary Penalties on 3 Banks &#8212; UCO Bank, Axis Bank and Syndicate Bank over deficiencies in complying with Different Regulatory Norms.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">SEBI Updates:<\/span><\/em><\/strong><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" src=\"https:\/\/bsmedia.business-standard.com\/_media\/bs\/img\/article\/2018-03\/28\/full\/1522243526-2593.jpg\" alt=\"Image result for sebi hd pics\" \/><\/p>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/carajput.com\/sebi-consulting.php\">SEBI<\/a> asks Stock Exchanges to step up their Surveillance of Intra-Day Trading and to be extra cautious to check any possible manipulation in stocks, in the wake of Significant Volatility in a few stocks.<\/li>\n<li>SEBI comes out with new Strict Rules &amp; Framework for Public Interest Directors serving at Stock Exchanges, Clearing Corporations and Depositories. Under the framework, Public Interest Directors (PIDs) will be nominated for 3 years, extendable by another term of 3 years. However, this will be subject to a performance review, as per new SEBI Circular<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">Other Updates:<\/span><\/em><\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>New FDI rules regarding E-commerce, may put a spanner in the Walmart-Flipkart merger. According to investment bank Morgan Stanley, Walmart may back out of its merger with E-Commerce giant Flipkart. Implemented from February 1, the new FDI rules bar online marketplaces with foreign investments from selling products from sellers in which the online marketplaces hold a stake. The new FDI rules also Ban Exclusive Marketing Arrangements.<\/li>\n<li>Indian Steel Companies are putting pressure on the Govt to Impose Higher Duties on Imports as trade disputes and a Global Economic Slowdown divert surplus Asian Steel Stocks to India. Local producers are suffering from the double whammy of a rise in cheap imports and low domestic steel prices, which threatens to wipeout the healthy profits made in the past couple of years.<\/li>\n<li>5 Lakh Cr Stressed Corp Loans yet to be tagged as NPAs.<\/li>\n<li>RBI slaps penalties on Axis, UCO and Syndicate Bank.<\/li>\n<li>Zee, IL&amp;FS exemplify poor Corporate Governance&#8217;.<\/li>\n<li>India among nations to benefit from US-China Trade War.<\/li>\n<li>ED okays restoration of Mallya&#8217;s Properties to Banks.<\/li>\n<li>expects Rs 69,000 Cr Dividend from RBI in FY20.<\/li>\n<li>Fitch puts ratings of Jaguar Land Rover under review citing Brexit.<\/li>\n<li>Realty, Construction, Power may spell more trouble to banks.<\/li>\n<li>Centre hopes to mop up Rs 4.4 Trillion from Cess and Surcharges in FY20.<\/li>\n<li>Fraud-hit PNB bounces back into black with Rs 246 Crore Profit in Q3.<\/li>\n<li>IRDAI permits testing of products under regulatory sandbox approach.<\/li>\n<li>Moody&#8217;s downgrades Bharti Airtel rating to Ba1 over cash-flow situation.<\/li>\n<li>LIC, JNPT submits bid for buying iconic Air India tower in Mumbai.<\/li>\n<li>India-US commercial dialogue, CEO Forum to be held on Feb 14.<\/li>\n<li>Exports will touch record high of $325 Billion this fiscal Anup Wadhawan, Commerce Secretary.<\/li>\n<li>Jubilant seeks royalty for Brand use by Group cos.<\/li>\n<li>Tata Global Beverages\u2019 Profit down by 35% Percent in Q3.<\/li>\n<li>Hit by falling Crude prices, HPCL reports 87% fall in Net Profit to 247.5 Crore.<\/li>\n<li>Banks may see fresh NPAs of up to 2 Trillion over next one year.<\/li>\n<li>IDFC First Bank posts net loss of 1,538 Cr in Dec quarter.<\/li>\n<li>Ericsson moves contempt plea against RCom in apex court.<\/li>\n<li>PMO holds meeting to speed up strategic sale of PSUs.<\/li>\n<li>Tata Chemicals Q3 Profit declines 71% to 219.48 Crore.<\/li>\n<li>CCI approves PFC&#8217;s acquisition of 52% stake in REC.<\/li>\n<li>Vijay Mallya prepares for lengthy appeal against UK Govt&#8217;s extradition order.<\/li>\n<li>US-China Tariff hike would trigger downturn, trade diversion.<\/li>\n<li>GAIL reports 14.35% sequential decline in Q3 net at Rs 1,681.23 Crore.<\/li>\n<li>NTPC inks Rs 2,500 Cr loan pact with HDFC Bank.<\/li>\n<li>Consultations begin on drafting e-comm Policy.<\/li>\n<li>Ericsson asked to file objection by Friday.<\/li>\n<li>Governance standards improving in Corporate India.<\/li>\n<li>Vedanta Resources rating downgraded to Negative.<\/li>\n<li>No incidents of Security breach reported, says SBI chief.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><em><span style=\"text-decoration: underline;\">Key Due Dates:<\/span><\/em><\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Due Date for Payment of <a href=\"https:\/\/carajput.com\/tds.php\">TDS &amp; TCS<\/a> Deducted\/Collected in the month of January is 7th\u00a0February 2019.<\/li>\n<li>Due Date for TDS Return for the month of January is 10th\u00a0January 2019.<\/li>\n<\/ul>\n<p><strong><span style=\"text-decoration: underline;\"><em>Quote of the Day:<\/em><\/span><\/strong><\/p>\n<p><span style=\"color: #ff0000;\"><strong><em>\u201cBelieve passionately in what you do, and never knowingly compromise your standards and values. Act like a true professional, aiming for true excellence, and the money will follow.\u201d<\/em><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indirect Tax Updates: The Central GST Department decides to take measures to Recover Interest amount from the defaulters under section 50 of the CGST Act, 2017 including Recovery of Properties etc. RBI Updates: Central Govt. asks RBI to transfer its Entire Surplus generated over the last 2 years as it seeks to meet its Revised &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6614,6521,6627,6114,6616,541,6615,561,6617],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5563"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=5563"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5563\/revisions"}],"predecessor-version":[{"id":6816,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/5563\/revisions\/6816"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=5563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=5563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=5563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}