Month: April 2020
CBDT debunks suggestions by IRS officers on tackling COVID-19 situation, calls it a violation of Conduct Rules and initiates inquiry A report/Paper was circulating in the social media in the name of FORCE (Fiscal Options and Response to COVID-19) Epidemic). Purportedly it has been issued by the Indian …
Insolvency professional to pay fee before 30th June 2020. Insolvency professional to pay fee before 30th June 2020. Board to be informed on becoming or ceasing as director or partner. Read Notification INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 20th April, 2020 …
Lockdown period not to be counted for corporate insolvency resolution process – IBBI amends Regulation INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 20th April, 2020 Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2020 …
SEBI Clarification on KYC Process and Use of Technology for KYC Securities and Exchange Board of India CIRCULAR SEBI/HO/MIRSD/DOP/CIR/P/2020/73 April 24, 2020 To,All Recognized Stock ExchangesAll Recognized DepositoriesStock Brokers through Recognized Stock ExchangesDepository Participants through DepositoriesAssociation of Mutual Funds in IndiaAll Mutual funds and AMCs through AMFIPortfolio ManagersKYC …
Doctrine of mutuality was vitiated by absence of right to participate in surplus. Supreme Court explains three basic tests to be followed ABCAUS Case Law Citation:ABCAUS 3301 (2020) (04) SC Important case law relied upon by the parties:Commissioner of Income Tax, Bihar vs. Bankipur Club Ltd.Bangalore Club v. …
Quantum addition for unexplained cash credits u/s 68 quashed by the Supreme Court based on the findings of penalty proceedings ABCAUS Case Law Citation:ABCAUS 3300 (2020) (04) SC Important case law relied upon by the parties:Maddi Sudarsanam Oil Mills Co. v. Commissioner of IncomeTax,Commissioner of Income Tax v. …
The Epidemic Diseases Amendment Ordinance 2020. Zero tolerance of violence against medical personnel Promulgation of an Ordinance to amend the Epidemic Diseases Act, 1897 in the light of the pandemic situation of COVID-19 The Epidemic Diseases ( Amendment ) Ordinance, 2020 During the current COVID-19 …
SEBI Relaxes Buy back of Securities Regulations, 2018 due to COVID 19. Regulation 24(i)(f) amended to reduce period of raising of funds from market Securities and Exchange Board of India CIRCULAR No. SEBI/HO/CFD/DCR2/CIR/P/2020/69 Dated: April 23, 2020 ToAll Listed EntitiesAll Recognized Stock ExchangesAll Registered Merchant Bankers Sir / …
CBDT revises 55 Frequently Asked Questions (FAQs) on Vivad se Vishwas Scheme. CBDT revises 55 FAQs on Vivad se Vishwas Scheme During the Union Budget, 2020 presentation, the ‘Vivad se Yishwas‘ Scheme was announced to provide for dispute resolution in respect of pending income tax litigation. Pursuant to …
RFID further sealing extended to transport of goods for deposit in or removal from warehouse w.e.f. 30th June 2020 Note the CBIC , vide Circular No. 20/2020 dated 21.04.2020 has deferred the implementation of the Circular No. 10/2020 till 30.06.20/0 Circular No. 10/2020 – Customs F.No.484- LC (Vol …
