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Archive: 08 June 2020

Posts in 08 June 2020

Brief on SCORES

June 8, 2020 5073 Views 0 comment Print

SCORES is an online platform designed to help investors to lodge their complaints,pertaining to securities market, online with SEBI against listed companies and SEBI registered intermediaries. All complaints received by SEBI against listed companies and SEBI registered intermediaries are dealt through SCORES. All About SCORES All about SCORES Matters not consider Complaints Complaint not pertaining […]

Guidelines on Insurance Claims of victims of Cyclone Nisarga in calamity affected districts

June 8, 2020 525 Views 0 comment Print

As you are aware, cyclone Nisarga, has caused loss to property in parts of Maharashtra, Gujarat and Other Neighboring States. The General Insurers may have written policies that extend to lives and property located in the affected areas. 

Revalidation of Export Authorization / License for Non-SCOMET & SCOMET items

June 8, 2020 1602 Views 0 comment Print

Paragraph 2.20(b) of HBP of FTP 2015-2020 has been amended to allow revalidation of the Export Authorization / License for Non-SCOMET and SCOMET items from DGFT (Hors).

SEBI Relaxation to listed issuers who intend/propose to list their NCD/NCRPS/CPs

June 8, 2020 723 Views 0 comment Print

In order to enable listed issuers who intend/propose to list their NCD/NCRPS/CPs, it has been decided to grant the following relaxations in timelines:

COVID Emergency Credit Facility covers all companies & not just MSMEs

June 8, 2020 672 Views 0 comment Print

Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman today said that the COVID Emergency Credit Facility covers all companies and not just MSMEs.

Interpretation of IB Code (Amendment) Ordinance 2020- an IP’s point of view

June 8, 2020 1071 Views 0 comment Print

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 was published by Ministry of Law and Justice on 5th June 6, 2020 with number 9. 2020 and has already stirred enormous amusement, disappointment among lawyers as well as glee and satisfaction among the industries who are bearing the brunt of COVID- 19, the unknown which has […]

IBBI ask IP to Pass Limited Insolvency Examination again

June 8, 2020 1413 Views 0 comment Print

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (Disciplinary Committee) No. IBBI/DC/26/2020 8th June 2020 Order In the matter of Mr. Vijay Kumar Garg, Insolvency Professional (IP) under Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016 read with Section 220 of the Insolvency and Bankruptcy Code, 2016 (Code). Appearance before Disciplinary […]

‘Make Available Clause’ & ‘Most Favoured Nation’ Clause & Interplay

June 8, 2020 51630 Views 3 comments Print

The issue of interpretation of agreements for avoidance for double taxation [AADT / DTAA / tax treaty] has always been ongoing. More particularly when it involves importing the meaning of any expressions from the interpretation adopted for any other tax treaty. India has signed tax treaties with various countries out of which certain DTAA’s (viz., […]

Indian Startup Story – Why it went Bad Even before Covid Scare

June 8, 2020 615 Views 0 comment Print

In the summer of 2015, I was having an exciting discussion with my client who had just incorporated a new technology start-up. I was, and still am, an old schooler and asked him what’s path for profitability and breaking even. He was amazed and immediately stopped me there and said we are playing the valuation […]

Anti-Profiteering Methods in Goods and Services Tax

June 8, 2020 2190 Views 1 comment Print

Initially, the body was introduced for two years but the same has been extended for two more years. Till date, the body has passed 137 orders most of which have found the suppliers guilty of profiteering. There is no appeal provision in the Act but various parties in cases of larger amounts have been preferred Writ Applications in High Courts and generally stay on the order has been granted. In some cases, the appeals have been found to be in favour of the party.

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