"21 November 2019" Archive

Listed entities to disclose defaults on payment of Loan: SEBI

Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 (21/11/2019)

Specific disclosures are required under the SEBI LODR Regulations in certain matters such as delay / default in payment of interest / principal on debt securities such as Non-Convertible Debt (NCDs), Non-Convertible Redeemable Preference Shares (NCRPS) etc. It has been observed that similar disclosures are generally not made by listed ent...

Read More

Taxation of Digital Economy in India

Residents are taxed on worldwide income and non-residents are taxed only on income sourced in India. Companies are treated as residents on satisfying either of the conditions: (a) incorporation in India (b) Place of Effective Management (‘POEM’) is in India. Accordingly, a company incorporated outside India and having its POEM outside...

Read More
Posted Under: SEBI |

GST-A Simple Law or A Riddle

Goods and Services Tax (GST) law has completed two years in our Country and entered into third year. Since very beginning there was a demand from various sectors to make this law simple and easy. Though Govt., from time to time made efforts for simplification of this law. But it is a matter of great […]...

Read More
Posted Under: SEBI | ,

Stock Exchange Compliance for Listed Companies

The Companies which are Listed on the Stock Exchange(s) has required to be comply with the various SEBI Regulations. In this Article we will discuss about the Quarterly/Half Yearly/Annually and General Compliance under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Securitie...

Read More
Posted Under: SEBI |

Amendmends in Prescribed Limits of Related Party Transactions

MCA has notified the Companies (Meetings of Board and its Powers) Second Amendment Rules, 2019 vide notification dated 18th November, 2019 amended the criteria under which approval of shareholders are required for entering into related party transaction under Rule 15 of Companies (Meetings of Board and its Powers) Rules, 2014, namely:- 1....

Read More
Posted Under: SEBI |

Drawback on deemed supplies under FTP

In the present policy, the physical exports wherein goods move out of India are eligible for drawback and MEIS benefits. The deemed exports such as removal of goods to advance license holders / EOUs are eligible for duty drawback, refund of terminal excise duty for specified excisable goods and for advance license on annual basis....

Read More
Posted Under: SEBI |

Financial Service Providers– Under the Umbrella of Insolvency and Bankruptcy Code, 2016

Insolvency and Bankruptcy Code, 2016 contains an enabling provision under Section 227 wherein the insolvency and liquidation process of Financial Service Providers (FSPs) can be initiated. But until 14.11.2019, no FSPs were notified and no mechanism or procedure was provided under the Code in this regard....

Read More
Posted Under: SEBI |

RCM on Rent a Cab under GST

You may perhaps be aware that  the GST Council in its  meeting held on 20.09.2019 at Goa recommended that in the case of registered persons other than body corporate (e.g.  proprietorship, HUF or partnership firm) engaged in renting of vehicles and paying 5% GST (without availing ITC),  GST should  be paid by the  recipient  of [&h...

Read More
Posted Under: SEBI |

Insolvency and Bankruptcy Law: Explanations to Section 5(8) of IBC

The Insolvency and Bankruptcy Code, 2016 (hereinafter known as the IBC or Code) has been establishing a knowledge-based approach in the Indian legal system. Moreover, since implication, it has also created a practical approach towards the inter-pretational and applicability of various provisions stipulated under the Code. In this arti...

Read More
Posted Under: SEBI |

How Technology Can Help You Save Time

Technology is the one thing which has helped a man in a lot of ways, the most important is without any doubt being able to save time. We can now do a lot more in less amount of time and without having to stress the way people before us used to do. When it comes […]...

Read More
Posted Under: SEBI |