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Archive: 26 May 2020

Posts in 26 May 2020

PM eVidya program- Reform In Education Sector

May 26, 2020 1890 Views 0 comment Print

The main objective of PM eVidya program is to educate students through digital platforms so that the education of students does not suffer due to nationwide lock down.

SEBI (Prohibition of Insider Trading) Regulations, 2015

May 26, 2020 37920 Views 0 comment Print

Insider trading is trading in the securities of a company by persons who are in the management of the company or those who are connected to them on the basis of knowledge of an Unpublished Price Sensitive Information (UPSI) which is not available to the general public. Insider trading, based on UPSI, is illegal and […]

Supreme court’s order on extension of Limitation Period due to Covid 19

May 26, 2020 12300 Views 0 comment Print

Due to Covid 19, many parties were not able to fulfill their commitments and obligation to attend the court, tribunals, etc to file their suits and appeals within the prescribed time lines as per the law. The law in this case is the ‘ ‘The law of limitation’. The Law of Limitation in India comprises […]

GST Fraud Case: HC denies Bail, considering SC Order in case of Co-Accused

May 26, 2020 1680 Views 0 comment Print

Rajesh Arora Vs Union of India (Rajasthan High Court) Petitioner has filed this petition under Section 439 Code of Criminal Procedure, 1973 seeking regular bail in F.I.R. No. 15/2018 registered at Directorate General of Goods and Services Tax Intelligence Zonal Unit, Jaipur for offences under Sections 132(1)(B), (C), (D), (F), (I), (L) of the Central […]

Branch Office Set Up Process In Hungary

May 26, 2020 1503 Views 0 comment Print

SETTING UP A BRANCH OFFICE IN HUNGARY  Hungary is a beautiful Country located in Central Europe. Budapest being it’s capital city, it offers good opportunities to foreign companies to set up their business in Hungary. The major advantage of doing business in Hungary in addition to its prime location, is that its Government has set […]

Summary & Analysis of Emergency Credit Link Guarantee Scheme (ECLGS)

May 26, 2020 5502 Views 12 comments Print

About the ECLGS: -Under the Scheme, 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. 3 lakh crore to eligible MSMEs and other small business enterprises -The Scheme aims at reduce the economic distress faced by MSMEs and other small business enterprises by […]

SC takes Suo moto cognisance of problems faced by migrants

May 26, 2020 1038 Views 1 comment Print

In re Problems and Miseries of Migrant Labourers (Supreme Court) We take suo motu cognizance of problems and miseries of migrant labourers who had been stranded in different parts of the country. The newspaper reports and the media reports have been continuously showing the unfortuanate and miserable conditions of migrant labourers walking on-foot and cycles […]

Duty Drawback Under Customs Act, 1962

May 26, 2020 296301 Views 7 comments Print

Duty Drawback scheme was introduced by the Ministry of Finance as a rebate for duty chargeable on any imported materials or excisable materials used in manufacture or processing of goods, manufactured in India and exported. The exported products are revenue natural. The Central Government is empowered to grant Duty Drawback under section 74 and 75 […]

Mandatory Deposit of 20% of Tax liability is must for filing VAT appeal before Tribunal

May 26, 2020 8664 Views 0 comment Print

Shivshankar Solvent Extraction Private Limited Vs Commissioner, Commercial Tax Civil Lines (Chhattisgarh High Court) The issue under consideration is whether High Court can give relaxation from mandatory deposit of tax u/s Section 48(4)(ii) before filing appeal in front of Tribunal? Appellant is registered under VAT. Suo-Moto proceedings were initiated by Commissioner. In the proceeding F-form […]

Disclosure of material impact of Covid-19 on listed entity under SEBI (LODR) 2015

May 26, 2020 1128 Views 0 comment Print

Disclosure of material impact of Covid 19 on Listed entities under SEBI (LODR) 2015 Reason: 1. Lockdown and disruption is unforeseen and beyond the control of the 2. Such even can lead to distortions in the market due to gaps in information available about the operations of a listed entity. Purpose: 1. It is important […]

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