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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 …
Review of Circular on Measures to facilitate trade during lockdown period u/s 143AA of Customs Act. Circular No. 21/2020-Customs F.No.473/02/2020-LCDepartment of Revenue (Central Board of Indirect Taxes & Customs)***** North Block, New DelhiDated 21st April, 2020 ToAll Principal Chief Commissioners/Chief Commissioners of Customs/ Customs (Preventive), All Principal Chief …
IGST refunds on exports-Extension in SB005 alternate mechanism for Shipping Bills with date upto 31.12.2019. Circular No.22/2020-Customs F. No.450/119/2017-Cus IV Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs)***** Room No. 229A, North Block, New Delhi.New Delhi, dated the 21st of …
