Month: April 2021
Supreme Court issues directions for speedy trial of offences for dishonour of cheques u/s 138 of Negotiable Instrument Act 1881 ABCAUS Case Law CitationABCAUS 3486 (2021) (04) SC Important case law relied referred:Vijay Dhanuka & Ors. v. Najima Mamtaj & OrsMeters and Instruments Private Limited and Another v. …
Govt. re-notify Sessions Courts designated as Special Court and their jurisdiction for trial of offences u/s 4 of PMLA for the state of Kerala MINISTRY OF FINANCE(Department of Revenue) NOTIFICATION New Delhi, the 15th April, 2021 S.O. 1648(E).—In exercise of the powers conferred by sub-section (1) of section …
RBI releases names of applicants under Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks The Reserve Bank of India today released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. As on date, applications for …
CBDT amends conditions to be satisfied by the pension fund for claiming exemption u/s 10(23FE), amends Form 10BBA for making application for notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 32/2021 New Delhi, the 15th April, 2021 INCOME-TAX G.S.R. 274(E).—In exercise of …
Every Saturday declared as public holiday for Life Insurance Corporation of India (LIC). Read Notification MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 15th April, 2021 S.O.1630(E).—In exercise of the powers conferred by section 25 of the Negotiable Instruments Act, 1881 (26 of 1881), the Central …
CA Proprietary firm or individual practicing CA can be appointed company auditor u/s 139 only for one term – ICAI Clarification ICAI has clarified that Proprietary firm (having FRN) or individual Chartered Accountant (CA) who is practicing either in his own name or trade name can be appointed …
Insurance Appeal to Securities Appellate Tribunal Amendment Rules 2021. Procedure to be followed in defective appeal MINISTRY OF FINANCE(Department of Financial Services) NOTIFICATION New Delhi, the 15th April, 2021 G.S.R. 262(E).—In exercise of the powers conferred by sub-section (1) and clause (lb) of sub-section (2) of section 114, …
Entry in balance sheet of a corporate debtor may amount to an acknowledgement of liability u/s 18 of the Limitation Act if such entry is not with any caveat ABCAUS Case Law CitationABCAUS 3485 (2021) (04) SC Important case law relied referred:V. Padmakumar vs. Stressed Assets Stabilisation FundSesh …
IBBI (Information Utilities) (Amendment) Regulations 2021. Quarterly publication by information utility of statistics of debt related information in its possession. An Information Utility(IU) stores financial information that helps to establish defaults as well as verify claims expeditiously and thereby facilitate completion of transactions under the Code in a …
The Central/State Government/local authority bound by the resolution plan once approved by Adjudicating Authority (i.e. NCLT) retrospectively. ABCAUS Case Law CitationABCAUS 3484 (2021) (04) SC Important case law relied referred:K. P. Varghese vs. Income Tax Officer, Ernakulam and Another (1981) 4 SCC 173B. K. Educational Services Private Limited …
