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Showing posts from October, 2020

Trade Watch Weekly Bulletin (International Trade and Customs) by ELP

Economic Laws Practice's weekly bulletin Trade Watch covers key news updates on international trade and customs in India and across the world.   Visit @ https://elplaw.in/wp-content/uploads/2020/10/ELP-International-Trade-and-Customs-Update-October-24-1.pdf

International Trade and Customs Practice

ELP's International Trade and Customs practice helps organizations with global guidelines overseeing their organizations. ELP has a wide ability in taking care of warning and requirement matters including exchange controls, including trade controls and financial approvals. Our group comprehends the considerable legitimate requirements around there with the key administrative organizations, for example, the Ministry of Commerce, Ministry of Finance and Ministry of External Affairs.    Visit @ https://elplaw.in/practicearea/international-trade-customs-practice/

Mandatory forensic audit disclosure to stock exchanges, reverse book building not applicable for delisting listed subsidiary & other key decisions at SEBI Board meeting

SEBI has taken certain major decisions in its meeting held on September 29, 2020, including following: In case of initiation of forensic audits, listed entities shall make the disclosures to stock exchanges, without any application of materiality; Exemption from the Reverse Book Building process for delisting of listed subsidiary, where it becomes the wholly owned subsidiary of the listed parent pursuant to a scheme of arrangement; For Mutual Funds, introduction of Code of Conduct for Fund Managers including Chief Investment Officers and Dealers of Asset Management Companies; For Alternative Investment Funds, qualification and experience criteria of the investment team, may be fulfilled individually or collectively by personnel of key investment team of the manager; Strengthening the role of Debenture Trustees so as to protect the interest of debenture holders; Change in mechanism with respect to the information to be submitted by informants under the informant mechanism of the SEBI (P...

CAROTAR, 2020: QUESTIONS & ANSWERS FOR IMPORTERS

  As you may already know, the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020) has been notified subsequent to Finance Act, 2020 which inserted a new Section 28DA to the Customs Act, 1962 (the Act) specifying a procedure for claiming preferential rate of duty on goods imported under a free trade agreement (FTA). The CAROTAR, 2020 comes into force on September 21, 2020. https://elplaw.in/wp-content/uploads/2020/09/ELP-Update-CAROTAR-2020-Importers-Q-A.pdf