"05 March 2020" Archive - Page 6

LLP Settlement Scheme 2020- 11 Things to Know

Q 1. What is the LLP SETTLEMENT SCHEME -2020? Ans. In order to promote ease of doing business, the Central Government decided to give a Onetime relaxation in additional fees to the defaulting LLPs to make good their default by filing pending documents and to serve as a compliant LLP in the future. This scheme […]...

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Posted Under: Corporate Law |

List of documents to be made available to shareholders on Request

COPIES OF MEMORANDUM, ARTICLES, ETC., TO BE GIVEN TO MEMBERS Section 17 deals with the list of documents that are to be made available to the shareholders on the Request. A company shall, on being so requested by a member, send to him within 7 days of the request and subject to the payment of such fees as […]...

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Posted Under: Corporate Law |

Power of SEBI to Regulate Issue and Transfer of Securities

POWER OF SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) TO REGULATE ISSUE AND TRANSFER OF SECURITIES, ETC SECTION 24 of Companies Act, 2013 deals with the provisions contained in this Chapter, Chapter IV and in section 127 shall,— (a) in so far as they relate to — (i) issue and transfer of securities; and (ii) […]...

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Posted Under: Corporate Law |

CBDT amends Rule 17C to include investment made by NPCI in its subsidiary companies

Notification No. 15/2020-Income Tax [G.S.R. 159(E)] 05/03/2020

Investment made by a person, authorised under section 4 of the Payment and Settlement Systems Act, 2007, in the equity share capital or bonds or debentures of a company- (A) which is engaged in operations of retail payments system or digital payments settlement or similar activities in India and abroad and is approved by the Reserve Bank ...

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Mere Change of Opinion Cannot be Basis for Re-Opening of Assessment

DCIT Vs K.V. Mohana Rao and Co. Pvt. Ltd. (ITAT Visakhapatnam)

The issue under consideration is whether the re-opening of assessment u/s 147 is justified if the details on the basis of which case is re-opened was already available at the time of original assessment?...

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SEBI launches mobile application for lodging investor grievances

Press Releases No. 14/2020 05/03/2020

In its efforts to improve the ease of doing business, SEBI today launched a Mobile Application for the convenience of investors to lodge their grievances in SEBI Complaints Redress System (SCORES)....

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Inspector of central excise, customs & service tax sentenced in a bribery case

The Special Judge, CBI cases, Ernakulam (Kerala) has sentenced Shri A. Antony George, then Inspector of Central Excise, Customs and Service Tax, Cochin, to undergo two years Rigorous Imprisonment with fine of Rs. 4 lakh in a bribery case....

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Posted Under: Corporate Law |

LLP Settlement Scheme 2020- Brief Notes

The Central Government has decided to introduce a scheme namely 'LLP Settlement Scheme, 2020' by allowing a onetime condonation of delay in filing statutory required documents with the registrar....

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Posted Under: Corporate Law |

Integrated Approach to GST: E-invoicing, Data Analytics & Artificial Intelligence & E-Waybill

Why E-Invoicing? – 5 Main Reasons 1. Government wants to have a Real Time GST Collection Figure – Dealers may get calls for advance tax payment during the month 2. Risky dealers may be mandated to generate Invoices of liability only to the extent of balance in their cash ledger – A Rule in the […]...

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Posted Under: Corporate Law |

Yes Bank placed under Moratorium- Depositor Withdrawal capped to Rs. 50K

Press Release: 2019-2020/2022, Press Release: 2019-2020/2025, DOR. PSBD. No. 7117/16.01.137/2019-20, S.O. 993(E) 05/03/2020

Government directs that during the period of moratorium, Yes Bank shall not, make, in the aggregate, payment to a depositor of a sum exceeding Rs. 50,000/- lying to his credit, in any savings, current or any other deposit account, by whatever name called till RBI permits in writing....

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