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Archive: 12 June 2020

Posts in 12 June 2020

No capital gain tax on land transfer to co-op society formed by flat purchasers

June 12, 2020 7185 Views 1 comment Print

Whether the AO is correct in considering that the capital gain will arise in the year when the land is transferred to the co-operative society formed by the flat purchasers and not when flats are sold?

POSH: Prevention of Sexual Harassment at Workplace!

June 12, 2020 4443 Views 0 comment Print

If you are unaware of ‘POSH’ (Prevention of sexual Harassment at workplace) and its implications on your company for non-compliance, then beware, you are inviting trouble to your doorstep!

Amendment in Import Policy of Tyres

June 12, 2020 6474 Views 0 comment Print

Import policy of New pneumatic tyres covered under ITC HS codes 40111010, 40111090. 40112010, 40112090, 40114010, 40114020, 40114090, 40115010 and 40115090 is amended from ‘Free’ to ‘Restricted’.

Amendment in Export Policy of Human Embryos

June 12, 2020 735 Views 0 comment Print

Human Embryos / Gametes/ Gonad tissues are Free for export subject to ‘No Objection Certificate’ from Indian Council of Medical Research (ICMR).

SEBI: Investment by sponsor or asset management company in scheme

June 12, 2020 714 Views 0 comment Print

In terms of Regulation 28 (4) of SEBI (Mutual Funds) (Amendment) Regulations, 2020, the sponsor or asset management company is required to invest not less than one percent of the amount which would be raised in the new fund offer or fifty lakh rupees, whichever is less in such option of the scheme, as may be specified by the Board.

SEBI Clarifications on Disclosure Standards for AIFs

June 12, 2020 1230 Views 0 comment Print

Audit of compliance with terms of PPM as provided in Paragraph 5 of the Circular, shall be conducted at the end of each Financial Year and the findings of audit along with corrective steps, if any, shall be communicated to the Trustee or Board or Designated Partners of the AIF, Board of the Manager and SEBI, within 6 months from the end of the Financial Year.

Anti-dumping duty investigation concerning Polystyrene imports

June 12, 2020 1626 Views 0 comment Print

Anti-dumping duty investigation concerning imports of Polystyrene from Iran, Malaysia, Singapore, Chinese Taipei, UAE and USA MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) NOTIFICATION New Delhi, the 12th June 2020 CASE No. (OI) 08/2019 FINAL FINDINGS Subject: Anti-dumping duty investigation concerning imports of Polystyrene from Iran, Malaysia, Singapore, Chinese […]

MAHARERA: SOP for online hearings through video conferencing

June 12, 2020 11241 Views 1 comment Print

MahaRERA has, through the various orders referenced above, leveraged its digital platform to ensure non-stop online delivery of all its services (even during entire lockdown phase)

ICSI spurs MCA Reform Initiatives

June 12, 2020 462 Views 0 comment Print

The Covid-19 pandemic has throttled the world economy in the last few months, putting a virtual halt to almost all economic activities. Countries world over, including India, resorted to harsh extraordinary measures of complete lockdown to flatten the Coronavirus Curve. However, India INC, notwithstanding the lockdown, has been cohesively trudging the recovery path with its fleet of corporate professionals.

SEBI Clarifies on Angel Fund Regulations

June 12, 2020 1590 Views 0 comment Print

Whether the intent of the Angel Fund Regulations is to provide the option for investors to selectively participate in each Scheme of the Angel Fund? Whether each scheme of an Angel Fund is an independent vehicle with its own set of investors, who have approved to be part of such scheme?

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