"08 June 2020" Archive - Page 7

SEBI (Payment of Fees) (Amendment) Regulations, 2020

No. SEBI/LAD-NRO/GN/2020/011 08/06/2020

Every stock broker in cash segment, equity derivatives segment, currency derivatives segment, interest rate derivatives segment and commodity derivatives segment (other than agri commodity derivative) liable to pay fees as a percentage of their turnover as specified at sub-clause 1 shall, for the period June 01, 2020 to March 31, 2021, pa...

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Motor Insurance – Withdrawal of Long Term Package cover

IRDAI/NL/CIR/MOT/143/06/2020 08/06/2020

General insurers were advised to provide insureds the following two options to choose from: (i) Long Term Package cover offering both Motor Third Party Insurance and Own Damage insurance for three years or five years as the case may be, (ii) A bundled cover with a three-year or five-year term (as applicable) for the third party compone...

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Master Circular regarding Motor Insurance products

Notification No. IRDAI/NL/CIR/MOT/144/06/2020 08/06/2020

ssuance of long-term Motor Third Party Insurance policies for new cars and new two-wheelers (i) The Hon'ble Supreme Court of India, vide its order dated 20th July, 2018, in WP No.295/2012 of S. Rajaseekaran vs Union of India and Ors, directed that...

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Is Virtual Hearing a perfect alternative to Physical Hearing in Courts?

Covid 19 has brought in unprecedented changes in our lifestyle, our business, our profession and the functioning of the  administration and the courts. Due to emergency arising out of Covid pandemic, the Courts were initially closed down but there were important matters which needed immediate indulgence of the Courts specially the jurisd...

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Posted Under: SEBI |

‘Reason to Suspect’ Vs. ‘Reason to Believe’ in Search & Seizure

‘Reason to Suspect’ Vs. ‘Reason to Believe’ in Search & Seizure It is receipt of some definite information by the department which results into initiation of search. This information leads to formation of “reason to suspect” and in turn “reason to believe”, to anticipate a breach or non-compliance of su...

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Posted Under: SEBI |

HC dismisses of ED’s plea to revoke Rajiv Saxena’s approver status

Directorate of Enforcement Vs Rajiv Saxena (Delhi High Court)

Once the accused was granted pardon by the Court and was made approver, the status of the accused changed from accused to witness/approver.  However, if the approver, failed to comply with the conditions of order granting him pardon, he made him liable to be tried as accused subject to the conditions as laid down in Section 308 Cr PC. ...

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AMP expense can’t be disallowed, Merely because Excess amount has been spent on Advertisement

Gillatte India Ltd. Vs ACIT (ITAT Jaipur)

Whether the TPO was legally justified in holding that AMP expenditure was not an international transaction even though the assessee was performing DEMPE functions for its AE and doing activity of brand building?...

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Know How’ is not IPR and not liable to service tax

Modi-Mundipharma Beauty Products Pvt. Ltd. Vs Commissioner of Service Tax (CESTAT Delhi)

Grant of exclusive right to assessee by Mauritius Revlon to use the 'know how' in any plant in accordance with the processes, specifications and recipes thereof in connection with the manufacture, marketing, sale  and distribution of Revlon  Products would not fall in the definition of "intellectual property right‟ so as to make it ta...

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