"24 March 2020" Archive

21 Days Lock Down due to COVID-19 Epidemic- All you want to know

Order No. 40-3/2020-DM-I(A) (24/03/2020)

Government of India (GOI) has been taking several proactive preventive and mitigating measures starting with progressive tightening of international travel, issue of advisories for the members of the public, setting up quarantine facilities, contact tracing of persons infected by the virus and various social distancing measures....

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Problems before retail Sector due to COVID-19 & Assistance Needed

Bhartiya Udyog Vyapar Mandal has written a letter to  Ministry of Commerce and Industry and represented about Major problems to be faced by Retail sector due to the effects of COVID-19 and assistance for it’s survival from the Government of India. Text of the letter is as follows: BHARTIYA UDYOG VYAPAR MANDAL H.O.: 11 Gola […]...

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Posted Under: Corporate Law |

Income Tax on Non Resident Indians (NRI)

Many Individuals from India have settled abroad. Moving to another country does not necessarily mean Good-Bye to the Home Country India. Many NRIs have invested in India in the form of Purchase of Mutual Funds, Life Insurance Policies, Shares, Securities, ancestral land/property, Unit Linked Insurance Plans (ULIPs), FCNR Fixed Deposit, ho...

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Posted Under: Corporate Law |

Ensuring unhindered movement of essential goods /services during Lockdown

No. 11034/01/2020-IS-IV (24/03/2020)

All States/UTs are actively enforcing social distancing and isolation for COVID-19 through lockdown / prohibitory measures with exemptions inter-alia for supply chain and transportation of essential goods and services in and out of the State....

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COVID-19 – Special relief Measures for Companies & LLP

General Circular No. 11/2020 (24/03/2020)

In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary measures to address the COVID-19 threat, including the economic disruptions caused by it, the following measures have been implemented by the Ministry of Corporate Affairs to reduce their compliance burden and other ris...

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6 Tips to Get a Lower Interest Rate on a Personal Loan

A personal loan is one of the most popular financing options for an emergency. You can avail a personal loan and use the funds for any purpose. It is an unsecured loan, and this is the reason for personal loan interest rates being higher than other loan interest rates. With the growth in technology, it […]...

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Posted Under: Corporate Law |

Calcutta HC extends validity of existing interim orders till April 30

In Re- Court on its own motion (Calcutta High Court)

Matters pending with interim orders in the High Court at Calcutta and Courts subordinate to it including the Tribunals within the State of West Bengal and Union Territory of Andaman & Nicobar Islands during the prevailing COVID-19 situation related non-availability of access to Courts....

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SEBI notifies services exempt from Closure announced by government

Circular No.: sebi/covid-19/2020/01 (24/03/2020)

Securities and Exchange Board of India (SEBI) vide notification No. sebi/covid-19/2020/01 issued and publish dated 24th March 2020, has published SEBI Notification COVID 19. The Ministry of Home Affairs had issued an Order No. 40-3/2020-D dated March 24, 2020 in  which various guidelines have been issued laying down the measures to be ta...

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List of Amendments in Finance Bill as passed by Lok Sabha

Following is the list of Amendments which were proposed in Finance Bill 2020 after its Introduction in Lok Sabha on 01st February 2020. These amendments were passed by Lok Sabha on 23.03.2020 without any discussion due to shortened Parliament Session considering Corona Virus threat. LOK SABHA —– FINANCE BILL, 2020 [As introduc...

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Posted Under: Corporate Law |

Summary of GST Notifications & Circulars from 16.03.2020 to 23.03.2020

CBDT has recently issued Notification No. 09/2020– Central Tax on 16/03/2020, Notification No.  10/2020–Central Tax to Notification No. No. 14/2020–Central Tax on 21st March 2020 and Notification No. 15/2020-Central Tax to Notification No. 29/2020-Central Tax on 23/03/2020. In addition to that CBIC issued one Central Tax Circulars ...

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Posted Under: Corporate Law |