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Archive: 17 January 2020

Posts in 17 January 2020

ICSI (Guidelines for Advertisement by Company Secretaries), 2020

January 17, 2020 5190 Views 1 comment Print

ICSI (Guidelines for Advertisement by Company Secretaries), 2020 shall be applicable to all advertisements by members of the Institute rendering any advisory, consultancy or representation services whether holding Certificate of Practice issued by the Council of the Institute or otherwise.

ITC Refund: AAR allows applicant to withdraw application

January 17, 2020 1320 Views 0 comment Print

In re DTL Ancillaries Limited (GST AAR Maharashtra) The Application in GST ARA Form No. 01 of M/s DTL Ancillaries Ltd. vide reference no. ARA No. 49 dated 04.10.2019 is disposed of, as being withdrawn voluntarily and unconditionally. FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING, MAHARASHTRA The present application was filed under Section […]

Mention specific HS Codes at 8 digit level if exist in Bill of entry

January 17, 2020 2130 Views 0 comment Print

It is advised that All importers should file their Bills of Entry with specific codes available for the imported items under ITC(HS), 2017, Schedule — I (Import Policy) at 8 digit level, and to avoid as far as possible ‘Others’ category.

GST on membership fees from LMOs- Applicant allowed to withdraw application

January 17, 2020 732 Views 0 comment Print

In re Junior Chamber International India (GST AAR Maharashtra) The Application in GST ARA Form No. 01 of M/s. Junior Chamber International India, vide reference ARA No. 43 dated 13.09.2019 is disposed of, as being withdrawn voluntarily and unconditionally. FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING, MAHARASHTRA The present application was filed under […]

GST on leasing goods vehicles to GTA where right to use is transferred

January 17, 2020 14151 Views 0 comment Print

In re Ishan Resins & Paints Limited (GST AAR West Bengal) Classification of the service of leasing goods vehicles to GTA where the right to use is transferred The Applicant intends to lease out vehicles like trucks, tankers etc. that are designed to transport goods. The control and possession of the vehicle will be transferred […]

Section 14(1A) of SARFAESI not bars appointment of advocates as receivers

January 17, 2020 5067 Views 0 comment Print

The insertion of sub-section (1A) in Section 14 of SARFAESI Act, the only change that has been brought about is that the District Magistrate/CMM has now the discretion to appoint even their subordinate officers as receivers. Pertinently, sub-section (1A) of Section 14 does not bar the appointment of advocates as receivers. The same position obtains vis-à-vis Rule 8(3) of The Security Interest (Enforcement) Rules, 2002, which has been cited in the aforementioned judgment of the Bombay High Court.

AAR cannot decide on issue of validity of certificates used by end-users of subject products

January 17, 2020 999 Views 0 comment Print

Section 97(2), which encompasses the questions, for the ruling by this Authority does not deal with the issue of validity of certificates used by end-users of subject products. Hence, it is held that this authority does not have jurisdiction to pass any ruling on such matters.

Guidelines for rights issue of units by a listed InvIT

January 17, 2020 2004 Views 0 comment Print

Regulation 2(1)(zw) of Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (InvIT Regulations), defines a rights issue as an offer of units by a listed InvIT to the unitholders of the InvIT as on the record date fixed for the said purpose. This circular details the guidelines in respect of a rights […]

Guidelines for rights issue of units by a listed REIT

January 17, 2020 1158 Views 0 comment Print

Regulation 2(1)(zq) of Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 (REIT Regulations), defines a rights issue as an offer of units by a listed REIT to the unitholders of the REIT as on the record date fixed for the said purpose. This circular details the guidelines in respect of a […]

Inquire against officers liable for inordinate delay in Appeal Filing: SC

January 17, 2020 564 Views 0 comment Print

The applications for condonation of delay in filing and refiling will be dismissed and then direct the State administration to hold an inquiry into the aspect as to who is responsible for such inordinate delay and take suitable action against the officers concerned.

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