Month: November 2020
RBI relaxes provisions for Housing Finance Institutions. Net owned fund of 20 crore rupees specified to commence business RESERVE BANK OF INDIA(Department of Regulation) NOTIFICATION Mumbai, the 18th November, 2020 No. DOR.049/CGM(MM)–2020.—In exercise of the power conferred by section 45-NC of the Reserve Bank of India Act, 1934, …
ICAI makes Arrangement for Discounted Diagnostic and Related Healthcare Tests for its Members & their dependents ICAI has made arrangements with Dr. Lal Path Labs Limited for discounted diagnostic and related healthcare tests for Member Chartered Accountants and their dependents. As per ICAI announcement, for availing the discount, …
Record or evidence of default by financial creditor in Insolvency Resolution Process INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 13th November, 2020 Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2020. No. IBBI/2020-21/GN/REG066. —In exercise …
Creditor may assign/transfer debt during liquidation process under Bankruptcy. Liquidator may assign/transfer a not readily realisable asset. INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 13th November, 2020 Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations, 2020. IBBI/2020-21/GN/REG067.—In exercise of the powers conferred …
ICAI Changes 30 Examination Centre/address for November 2020 CA exams. Changes in ICAI Examination Centre for November 2020 exams. ICAI has made changes in examination centre(s) for upcoming ca exams starting from 20th Nov 2020 as per details give below. Admit cards already issued for November 2020 examination …
CENVAT credit of service tax paid on transport of goods from place of removal to the buyer’s premises – Supreme Court admits SLP ABCAUS Case Law CitationABCAUS 3421 (2020) (11) Important case law relied upon by the parties:CCE vs Ispat Industries Ltd 2015 (324) ELT 670 (SC)CCE vs …
Govt. grants moratorium to Lakshmi Vilas Bank. Read restrictions imposed and limit of payments to depositor, release of securities etc. The Central Government has ordered moratorium to the Lakshmi Vilas Bank Limited, Karur, Tamil Nadu for the period from 17th day of November, 2020 up to 16th day …
Compounding of Contraventions under FEMA. Delegation of powers to RBI Regional Offices Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999 In terms of the Master Direction on “Compounding of Contraventions under FEMA, 1999” the powers to compound certain contraventions of have been delegated to …
The Code on Social Security 2020 notified Earlier, Union Ministry of Labour and Employment has notified the draft rules under the Code on Social Security, 2020 on 13.11.2020 inviting objections and suggestions, if any, from the stakeholders. Such objections and suggestions are required to be submitted within a …
Extension of timelines under Sabka Vishwas (Legacy Dispute Resolution) 2019 for the persons in Jammu and Kashmir and UT of Ladakh MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Order No 1/2020-SVLDRS, 2019 New Delhi, the 13th November, 2020 G.S.R. 715(E).––WHEREAS, sub-section (1) of section …
