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Archive: 06 March 2020

Posts in 06 March 2020

Wild Stone Deodorant Supplier found Guilty of Profiteering: NAA

March 6, 2020 2061 Views 0 comment Print

Applicant had alleged that theMcNROE Consumer Products Pvt. Ltd had not pass on the benefit of reduction in the GST rate from 28% to 18% on supply of Deodorant Wild Stone Deo Chrome BX 120 ml’.

LLP Amnesty Scheme 2020: One-time condonation for delay in filing statutory documents

March 6, 2020 6426 Views 0 comment Print

LLP Settlement Scheme, 2020 is being introduced in pursuance of the Government’s objective of providing greater Ease of Living to the citizens of the country and is expected to provide significant relief and a window of opportunity for LLPs to abide by the Law & conduct business accordingly.

Committee to prepare Investigation manual for SFIO

March 6, 2020 1110 Views 0 comment Print

F. No. Legal-35/3/2020 Government of India Ministry of Corporate Affairs 5th Floor, Shastri Bhavan, Dr. Rajendra Prasad Road, New Delhi-110001, Date: 06.03.2020 OFFICE ORDER Subject: Constitution of High Level Committee for preparation of Investigation manual for Serious Fraud Investigation Office (SFIO) With the approval of Competent Authority, a Committee with following composition is hereby constituted […]

Variation In Terms of Contract Or Objects In Prospectus

March 6, 2020 5601 Views 0 comment Print

A company shall not vary the terms of a contract referred to in the prospectus, except subject to the approval of, or except subject to an authority given by the company in general meeting by way of SPECIAL RESOLUTION: Details, as may be prescribed, of the notice in respect of such resolution to shareholders, shall also […]

Notification No. 20/2020-Customs (N.T./CAA/DRI), Dated: 06.03.2020

March 6, 2020 834 Views 0 comment Print

Appointment of CAA by DGRI- Notification No. 20/2020-Customs (N.T./CAA/DRI), Dated: 06.03.2020 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence ) NOTIFICATION New Delhi, the 6th March, 2020 No. 20/2020-Customs (N.T./CAA/DRI) S.O. 1020(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June […]

Public Offer of Securities To Be In Dematerialised Form

March 6, 2020 2616 Views 0 comment Print

SECTION 29. PUBLIC OFFER OF SECURITIES TO BE IN DEMATERIALISED FORM COMMENT: DEMATERIALISATION OF SECURITIES The promoters of every public company making a public offer of any convertible securities may hold such securities only in dematerialised form: Entire holding of convertible securities of the company by the promoters held in physical form up to the […]

Consultative paper on e-voting facility provided by listed entities

March 6, 2020 2382 Views 0 comment Print

There are multiple e-voting service providers (ESPs) providing e-voting facility to listed entities in India. This necessitates registration on various ESPs and maintenance of multiple user IDs and passwords by shareholders.

State is employer under Gratuity Act for teachers/employees of aided educational institutions

March 6, 2020 16695 Views 0 comment Print

Chhattisgarh HC rules the State is liable for gratuity to teachers of aided institutions. Order dated 07.06.2013 challenged by educational institutions.

Deduction of not contingent warrant expenses allowable from book profit

March 6, 2020 870 Views 0 comment Print

Provision for warrant expenses was not contingent and had to be allowed as deduction while computing income under the head Income from Business & Profession. Thus, the addition made to the book profits under section 115JB was to be deleted because the liability could not be said to be contingent. 

Yes Bank Ltd.: RBI announces Scheme of Reconstruction

March 6, 2020 2040 Views 0 comment Print

he Reserve Bank of India has today placed in public domain a draft scheme of reconstruction of the Yes Bank Ltd. The Reserve Bank invites suggestions and comments from members of public, including the banks’ shareholders, depositors and creditors on the draft scheme. The draft scheme has also been sent to Yes Bank Ltd. and State Bank of India for their comments. The suggestions and comments will be received by Reserve Bank of India up to Monday, March 9, 2020. The Reserve Bank will take a final view soon thereafter.

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