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Archive: 07 April 2020

Posts in 07 April 2020

Confidential Information definition – Data Saviour

April 7, 2020 2181 Views 0 comment Print

Non-Disclosure Agreement (NDA) is all about the prospect of according confidentiality treatment and protection to the confidential information exchanged and shared amid the parties pursuant to the NDA. Confidential Information definition is heart of the NDA as the core aspect of NDA is to regulate and govern the usage of confidential information by the recipient […]

Why it is important to put a monetary limit on liability for direct damages in a contract?

April 7, 2020 801 Views 0 comment Print

Each party to a contract will be bound to observe the terms and conditions of the contract and will have to honor such party’s duties and obligations as stipulated in the contract. Any negligence in honoring the duties and obligations by a party will amount to breach of the contract and will land such party […]

GST demand for old unpaid dues of Binani Cement against Ultra Tech was unsustainable

April 7, 2020 1293 Views 0 comment Print

The courts are given an extremely limited power of judicial review into the resolution plan duly approved by the COC. Therefore, the issuing of notices by Goods and Service Tax (GST) Department of Rajasthan for all the old unpaid dues of Binani Cement  would be acting in a totally illegal and arbitrary manner and the demand notices were ex-facie illegal, arbitrary and per-se and could not be sustained.

SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2020

April 7, 2020 2547 Views 0 comment Print

(1) These regulations may be called the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.

Filling & Issuance of Preferential CoO for India’s Exports-Reg.

April 7, 2020 2421 Views 0 comment Print

Electronic filling and Issuance of Preferential Certificate of Origin for India’s Exports under various FTAs/PTAs w.e.f. 07th April 2020

Risk Management and Inter-bank Dealings – Hedging of foreign exchange risk

April 7, 2020 5148 Views 0 comment Print

i. Domestic non-retail corporates having an INR liability may, at their discretion, convert it into a foreign currency liability through a currency swap. ii. For derivative contracts involving INR, Authorised Dealers shall allow a user to book derivative contracts up to USD 10 million equivalent of notional value (outstanding at any point in time) without the need to establish the existence of underlying exposure.

One-time condonation under EPCG Scheme-Extension till 31.03.2021

April 7, 2020 5751 Views 0 comment Print

The time period to receive requests in RAs for block-wise extension; extension in Export Obligation Period and submission of installation certificate is further extended up to 31.03.2021.

Govt reduces Salary of Members of Parliament by 30% for one year

April 7, 2020 585 Views 0 comment Print

Salary payable to Members of Parliament under shall be reduced by thirty per cent for a period of one year commencing from the 1st April, 2020, to meet the exigencies arising out of Corona Virus (COVID-19) pandemic.

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