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Archive: 22 May 2020

Posts in 22 May 2020

Number of Directorships | Section 165 | Companies Act, 2013

May 22, 2020 4314 Views 4 comments Print

Section 165(1) A person cannot hold directorship including alternate directorship in more than 20 companies. Section 165 (1) not applicable to section 8 company. In the above limit of 20 dormant company is excluded. The maximum number of public companies in which a person can be appointed as a director shall not exceed ten. In […]

Apprehension of bias is valid ground to substitute IRP: NCLAT

May 22, 2020 687 Views 0 comment Print

State Bank of India Vs Metenere Ltd. (NCLAT) The fact that the proposed ‘Resolution Professional’ Mr. Shailesh Verma had a long association of around four decades with the ‘Financial Creditor’ serving under it and currently drawing pension coupled with the fact that the ‘Interim Resolution Professional’ is supposed to collate all the claims submitted by […]

When Retrospective Legislation can be Made & its Validity

May 22, 2020 12552 Views 0 comment Print

The Power to legislate a particular provision in a statute with a retrospective amendment is always available to the union or State legislatures. This power is a plenary power in respect of the fields that are demarcated to them and subject to constitutional restrictions and judicial review.

Guidelines on Insurance Claims of victims of Cyclone Amphan

May 22, 2020 618 Views 0 comment Print

IRDAI Guidelines on Insurance Claims of victims of current Cyclone Amphan (May 2020) in parts of Odisha and West Bengal and other neighboring States

GST Compliance- Due Dates

May 22, 2020 2673 Views 1 comment Print

DUE DATES FOR VARIOUS RETURNS UNDER  GOODS & SERVICE TAX GSTR 3B (Monthly Returns for Regular Taxpayers) Class of Registered Taxpayers Tax Period Returns to be filed on or before 1. Taxpayers having aggregate turnover of more than Rs. 5 Crores in the Preceding F.Y. February 2020 March 2020 April 2020 24/06/2020 May 2020 27/06/2020 […]

Guidelines on settlement of Life Insurance Claims related to Cyclone ‘Amphan’

May 22, 2020 756 Views 1 comment Print

As a result of Cyclone Amphan, there are reports of loss of human lives and loss of belongings in the affected Districts of primarily the states of West Bengal and Odisha. In order to extend every possible facilitation in quick and timely settlement of life insurance claims, you are advised to take the following actions immediately in all the states affected by the cyclone:

Summary of announcements made by FM in 5 Tranches

May 22, 2020 1107 Views 0 comment Print

Commerce and Management Continues its historical activities during the extended lockdown due to Covid-19 in India I write about Commerce and Management in a third row to inform you about the historical, magical and healing work of Commerce and management during the extended lockdown due to Covid-19 in India.Whatever may be the subject, Whether it […]

Submit manual CoO applications under ASEAN-India FTA for exports to Thailand & Vietnam: DGFT

May 22, 2020 1950 Views 0 comment Print

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Dated: 22.05.2020 Udyog Bhawan, New Delhi Trade Notice No. 12/2020-2021 To, 1. All Exporters/Members of Trade 2. All Designated Agencies under FTAs/PTAs Subject: Issuance of Preferential Certificate of Origin for India’s exports to Thailand and Vietnam under ASEAN-India FTA […]

DGFT Includes Gopalpur Port, Odisha as Port of Registration under HBP 2015-20

May 22, 2020 546 Views 0 comment Print

opalpur Port is added by amending the Para 4.37 under Sub Para ‘Sea Ports’ making Gopalpur as a port of registration for various Schemes under the Foreign Trade Policy.

Advisory on sanitization of hair‑cut saloons during COVID-19 for Punjab

May 22, 2020 1059 Views 0 comment Print

The owner of the Barber shop/ Hair-cut saloon will ensure that any staff member who has symptoms of COVID-19 (Fever, Dry Cough, breathing difficulty etc) shall stay at home seek medical advice. Similarly no client having such symptoms should be attended.

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May 2020