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Archive: 17 July 2020

Posts in 17 July 2020

Municipality or Panchayat cannot Increase Terminal Tax Rate of transportation of Coal

July 17, 2020 1428 Views 0 comment Print

whether Municipal Corporation/Municipal Council or the Nagar Panchayat are empowered to increasing the rate of Terminal Tax imposed upon the transportation of coal?

Incentive Scheme for MSMEs in state of Maharashtra & Gujarat

July 17, 2020 16200 Views 3 comments Print

The Micro, Small and Medium Enterprise sector contributes significantly to the economic and social development of the country by fostering entrepreneurship, generating employment and by acting as ancillary to large industries. The government has prioritized this sector in recent years as they are considered crucial in achieving the objective of a $5 trillion economy by […]

FSSAI License -Eligibility, Registration, Validity, Suspension, Cancellation & Transfer

July 17, 2020 8928 Views 1 comment Print

FSSAI eligibility, Application for License/Registration, Validity, Suspension or Cancellation of License and Transfer of License ♣   APPLICATION FOR FSSAI REGISTRATION: 1. The petty food manufacturer along with application for registration provides a self attested declaration of adherence to requirements related to general hygiene and sanitary requirements with the application. 2. On application for registration, Registering […]

Annual Compliance Checklist For Unlisted Public Company (2020-21)

July 17, 2020 34878 Views 0 comment Print

Article complies Annual Compliance Checklist For Unlisted Public Company (2020-21) and  provides list of forms to be filed, details of such forms, Section and Rules of Companies Act, 2013 under which such filing is required and due date for filing of forms. SR. NO FORM PARTICULARS SECTION DUE DATES 1 MBP-1 Notice of interest of […]

Should Personal Tax (On Individuals) be abolished to bring Indian Economy back on Track?

July 17, 2020 2631 Views 1 comment Print

Should Personal Tax (On Individuals) be abolished to bring Indian Economy back on Track? In any Developing economy Personal Taxation plays a very vital role. The funds collected from this source are used by Government for a variety of Purposes which Includes Public Infrastructure, Welfare Schemes, Scientific research, Defence, Law Enforcement and Activities relating to […]

Confidential Information Some Facts

July 17, 2020 3672 Views 0 comment Print

Dear Friends, we are living in a world, where data related to business is the most valuable thing. Data may be related to your Business Secrets, Patents, Copy Rights, Industrial Designs, Customer Information etc. The success of a business depends upon its data and trade secrets. A competitor always tries to breach your data secrecy […]

Section 10(46) exemption to Real Estate Regulatory Authority, Bihar

July 17, 2020 624 Views 0 comment Print

Notification No. 49/2020- Central Government notifies Real Estate Regulatory Authority, Bihar in respect of the specified income arising to the board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th July, 2020 Notification No. 49/2020-Income Tax S.O. 2380(E).—In exercise of […]

SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2020

July 17, 2020 7062 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette.

How Turakhia Brothers were in India’s top 100 richest persons despite not having any degree

July 17, 2020 2778 Views 0 comment Print

How Turakhia Brothers were in India’s top 100 richest persons despite not having any degree Introduction: Turakhia Brothers (Bhavin Turakhia & Divyank Turakhia) have built about a dozen of companies within two years of their career. After selling five companies, these brothers listed in India’s richest persons list in 2016 despite not having a college […]

How Reliance Jio proved that free services by it were not Anti-Competitive

July 17, 2020 22215 Views 0 comment Print

CCI has concluded that mere provision of services at free of cost by itself cannot be termed as Anti-Competitive unless the same is evidenced by dominant enterprise and an Anti-Competitive objective of excluding competition / competitors which does not seem to be the current scenario after considering relevant market and competitors

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