Corporate Updates – 27-04-2017

CBEC – Service Tax

CBEC has extended the Due Date of filing of Service Tax return upto April 30,2017. The Central Board of Excise & Customs hereby extends the date of submission of the Form ST-3 for the period from 1st October, 2016 to 31st March, 2017, from 25th April, 2017 to 30th April, 2017 because of intermittent difficulties face by assessees in accessing the ACES website on 25th April, 2017. Stakeholders are requested to plan accordingly.


The SEBI Board in its last meeting has taken various decisions’ to improve the facilities being offered to the stakeholders. The SEBI Board discussed some major initiatives like Instant Access Facility (IAF) in Mutual Funds and use of e-wallet for investment in Mutual Funds upto Rs. 50,000/- in financial year; Amendments to Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012; Inclusion of RBI registered systemically important NBFCs in the category of QIBs; Exemption under SEBI (ICDR) Regulations, 2009, relating to preferential allotments, to be extended to Scheduled Banks and Financial Institutions; Strengthening the Monitoring of Utilisation of Issue Proceeds; Framework for consolidation and re-issuance of debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008; Amendment to SEBI (Foreign Portfolio Investor ) Regulations, 2014; Amendments to the SEBI (Debenture Trustee) Regulations, 1993 & Integration of broking activities in Equity Markets and Commodity Derivatives Markets under single entity.

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