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Archive: July, 2020

Posts in July, 2020

TDS wrongly deposited-Claim of refund- Delhi HC judgement

July 9, 2020 2955 Views 0 comment Print

Present writ petition has been filed seeking a direction to the respondents to remove technical glitches and enable the TRACES portal so that petitioner can file its refund application for the excess Tax Deduction at Source (TDS) deposited by it.

Regulatory Updates for the month of June 2020

July 9, 2020 2469 Views 2 comments Print

SEBI, vide circular dated June 09, 2020, has eased out the conditions related to Fast Track Further Public Offer (FPO) as contained in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)

SC: Dispute of Inheritance of Shares is a Civil dispute- cannot be decided under Companies Act

July 9, 2020 5457 Views 0 comment Print

The Supreme Court on 6 th July 2020 in the case of Aruna Oswalvs Pankaj Oswal has categorically held that dispute about inheritance of shares is a civil dispute and the same cannot be decided in proceedings under Section 241/ 242 of Companies Act, 2013. The brief facts of the case are that Late Abhey […]

Fast Track Mergers – With all aspects, procedure & difficulties

July 9, 2020 11709 Views 3 comments Print

Fast Track Mergers The introduction of the concept of fast track mergers or FTMs has led to a significant change in the M&A landscape. Prior to the introduction of FTM vide section 233 and Rule 25 of Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 there was one unified merger process for all companies. This process […]

Section 10A in IBC 2016: No fresh insolvency for default during lockdown

July 9, 2020 3702 Views 0 comment Print

The President of India through Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 (No. 9 of 2020) on 5th June, 2020 announced some major relief for the corporate debtors as COVID 19 pandemic  owing to the  nationwide lockdown is in force since 25th March 2020 has resulted in disruption in business, financial markets and economy in […]

Simplifying Joint Development Agreements

July 9, 2020 7548 Views 0 comment Print

Simplifying Joint Development agreements (JDA) I am going to tell u what is Real Estate sector Real Estate Sector: A real estate business is a business entity that deals with the buying, selling, management, or investment of real estate properties. Real estate is “the property, land, buildings, air rights above the land and underground rights […]

Coping with COVID-19: IBC

July 9, 2020 1038 Views 0 comment Print

The outbreak of coronavirus pandemic resulted in lockdown 1 in India on March 25, 2020. The whole country was on a stand-still and all the work had been paused for an indefinite period. Only the medical sector as well as the essential commodities sector was functioning. With companies’ operations at a halt, various companies, partnerships, and sole proprietorships were on the verge of insolvency.

Comparative Analysis of Indirect Tax regime in India & Singapore

July 9, 2020 5661 Views 0 comment Print

The tax system in India was very complex in nature, but post GST implementation the process has become smoother. It is inclusive of all indirect tax which helps in eradicating the cascading effect of tax as a whole. Tax structure in India is a three tier federal feature, which is made by central government, state […]

How to choose a better health insurance policy?

July 9, 2020 2235 Views 3 comments Print

Q. How to choose a better health insurance policy? 1. Which plan to choose?  Floater Plan (aka Family Plan) Or Individual Plan The difference between the two is that Floater Plan gives one coverage amount for the whole family whereas in Individual Plan every person will get his own coverage amount. Q. When one should […]

ITAT allows 60% Depreciation on Computer & Related Software

July 9, 2020 7281 Views 0 comment Print

The issue under consideration is whether the depreciation at the rate of 60% will be allowed for computer related software?

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