I am directed to state that the Hon’ble Home Minister has directed that in all cross-border narcotics drug cases affected by the Custom formations, NDPS Act, 1985 should also be invoked under which Custom officers are duly empowered to provide effective deterrence to cross-border smuggling of drugs.
The Notification No. 59 dated 04.04.2020 is amended to the extent that only diagnostic kits/reagents as described in para 1(A) and all diagnostic instruments/apparatus/reagents as described in para 1(B) falling under any HS code, including HS codes specified above, are ‘restricted’ for exports whether as an individual item or as a part of any diagnostic […]
The word Magic is laudatory. It is incapable of being appropriated by the plaintiff. As such no person can claim any monopoly over the said word Magic or Magical or their derivative as they are common to the trade. Therefore, it is incapable of being monopolised by any trader.
The issue under consideration is whether the amount paid to the employees under the non-compete agreement is covered by the expression ‘salary/profits in lieu of salary’ or not? and If not then whether the TDS will be applicable or not?
Private equity transactions, which used to be more commonly referred to as venture capital transactions, cover a range of arrangements which have one common feature: the source of the money that finances the transaction. This source is typically a fund set up expressly for investing in unquoted securities (private equity) rather than publicly quoted securities […]
In India, a Resident Individual can maintain 3 types of Foreign Currency (FC) Accounts for putting through the bona fide transactions.. -Exchange Earners Foreign Currency (EEFC) Account -Resident Foreign Currency (Domestic) [RFC(D)] Account -Resident Foreign Currency (RFC) Account Q 1. Define Foreign Currency Account (FC Account)? Ans: The account which may be held/maintained in any […]
Section 7- Insolvency and bankruptcy Code, 2016 and IBC Amendment Ordinance, 2019 Filing of Application under section 7 of IBC Insolvency and bankruptcy code was enacted on 28.05.2016, with the intent of consolidating & amending the law relating to reorganization and insolvency resolution in a time bound manner. Section 6 of the code talks about […]
The CHAMPIONS stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. It was launched by the Ministry of Micro, Small and Medium Enterprises on 1st June, 2020. The portal is basically for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding.It is a real one-stop-shop solution of MSME Ministry.
Eventually, the IBC (Amendment) Ordinance, 2020 (Ordinance) is out to surcease the anticipations and discussions around suspension of Sections 7, 9 and 10 of Insolvency Bankruptcy Code, 2016 (Code) Covid 19, pandemic has impacted the business, economy, and financial market worldwide. In India for combating the spread of disease, nationwide lockdown was announced on 25th […]
The checklist for incorporation of a Private Company are as follows: 1. For Name Approval The following documents are required for approval of name, only if required – Name should be unique and distinct from existing companies and trademark – NOC of Trademark Owner, if any – Board resolution from the Holding Company in case […]
