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Archive: 20 July 2020

Posts in 20 July 2020

Steps for early clearance of imported consignments of livestock products

July 20, 2020 1074 Views 0 comment Print

To Facilitate “Ease of Doing Business” and early clearance of imported consignments of livestock products, no custom sealed sample will be required / collected by AQCS for clearance of imported consignments under No Testing (NT) category. These imported consignments will be granted AQCS clearance on the Single Window System (SWS) based on Veterinary Health Certificate uploaded on the SWS along with other relevant documents while filing Bill of Entry by the importer

Top Reasons Why Trademarks Are Important For Startups & Small Businesses

July 20, 2020 3294 Views 0 comment Print

TOP REASONS WHY TRADEMARKS ARE IMPORTANT FOR STARTUPS AND SMALL BUSINESSES In the everyday life of a consumer, trademark strikes huge in mentoring their decision while choosing the products. Trademark symbol on the superscript of any brand name creates trust and cosy feel for brands, so customers can be easily attracted. Trademark logo, simply makes […]

Analysis of Revised Form 26AS

July 20, 2020 2049 Views 0 comment Print

REVISED FORM 26AS-ANNUAL INFORMATION STATEMENT FROM ASSESSMENT YEAR (AY) 2020-2021- A FACELESS HANDHOLDING OF THE TAXPAYERS Overview of revised 26AS Provisions The CBDT notifies vide notification number 30/2020 the revised Form 26AS which is effective from June 1, 2020. Budget 2020-21 had introduced a new Section 285BB in the Income Tax Act to implement revised […]

HC declines to Grant stay on Recovery of Profiteered Amount

July 20, 2020 555 Views 0 comment Print

Delhi HC decision on GST profiteering case – Apex Meadows Pvt. Ltd. vs Union of India. Stay granted on recovery, penalty proceedings stayed.

GST Anti-profiteering- Delhi HC stays NAA order asking Reckitt to deposit Rs 63 lakh

July 20, 2020 1812 Views 0 comment Print

In the latest anti profiteering case of pharma major Reckitt Benckiser over alleged profiteering of 63 lakh from the sale of Dettol handwash between 2017 to 2019, Hon’ble Delhi High court has stayed the order of National anti-profiteering authority for deposit of alleged profiteering amount in the consumer welfare fund. 

Understanding Amendments to Insider Trading Regulations July 2020

July 20, 2020 4449 Views 0 comment Print

Understanding Changes/ Amendments to SEBI (Prohibition of Insider Trading) Regulations, 2015. – July 2020 SEBI has vide notification dated 17th July 2020, notified the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2020. The amendment regulations amend certain regulations as well as certain clauses of the Schedules to the SEBI (Prohibition […]

HC allows Samsonite to pay profiteered amount in 6 monthly instalments

July 20, 2020 720 Views 0 comment Print

In this case although learned counsel for respondent-Authority objects to the grant of instalments to the petitioner Samsonite South Asia Pvt. Ltd. , yet this Court keeping in view the COVID-19 pandemic situation, directs the petitioner to deposit the principal profiteered amount i.e. Rs.21,81,20,748/-  in six equated monthly instalments.

SEBI – Latest guidelines on Commodity Derivatives Market

July 20, 2020 17868 Views 0 comment Print

SEBI has compiled all its instructions by a master circular under the topic “Commodity Derivatives Market”, a compendium of usage to all dealing with share markets in India and abroad. Containing 15 chapters as per the details given below, it is a treasure hove requiring frequent reference by all investors, debenture holders, foreign investors, and […]

PAS-6 | Reconciliation of Share Capital Audit Report

July 20, 2020 21543 Views 1 comment Print

Reconciliation of Share Capital is understood as to tally the records of dematerialised and physically held securities with all the securities, on regular basis.  In other words, it is reconciliation of total Share Capital held in DMAT form with NSDL & CDSL  and in physical form by the shareholders with the total Capital admitted, issued and listed capital, if any.

Issue of Share Capital Private Placement (Procedure & FAQ)

July 20, 2020 21078 Views 0 comment Print

Issue of Share Capital Private Placement (Procedure And FAQ As Per Companies Act 2013) ISSUE OF CAPITAL- PRIVATE PLACEMENT OF SHARES A private placement is a mode of raising of capital that involves the sale of securities to a relatively small number of selected investors. A private placement is different from a public issue in […]

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