2 Archive - July, 2020

"July, 2020" Archive - Page 152

Has your Competitor usurped your brand Here’s a way to undo it

Every entrepreneur or a brand owner aims to attain brand recognition in the market and accordingly invests his time, money and energy to attain the same. During their journey, they often overlook the benefits of brand protection and fail to obtain a trademark registration. This mistake, in turn, becomes an opportunity for their competitor...

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Posted Under: Corporate Law |

ESI Return due date Extended till 15th July, 2020

No.P-11/12/Misc./1/2019(M) Rev.II 01/07/2020

ESI Return due date Extended for October – 2019 to March 2020 Period In continuation to the Employees State Insurance Corporation, Circular no. P-11/12/Misc./1/2019(M)-Rev.II dated 18th March, 2020 ESIC department has further extended the due date and provide Relaxation of time limit for filing and depositing ESI Contribution for the mo...

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Relaxations related to Board meetings & Independent Directors

 Further relaxations by the Ministry of Corporate Affairs till September 30, 2020 for conduct of Board meetings to approve its financial statements through VC or OAVM and registration of Independent Directors in the Independent Directors Data Bank....

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Posted Under: Corporate Law |

Loans worth more than Rs 1 lakh crore sanctioned under ECLGS

Under the 100 % Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government guarantee , Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1 lakh crore as of June 26, 2020, of which more than Rs 45,000 crore has already been disbursed.  This would help more than 30 lakh units of MSMEs & other businesses re...

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Posted Under: Corporate Law |

No Custom Penalty for goods cleared by officers after signing Bond

Bharat Tissues Pvt. Ltd. Vs C.C. (CESTAT Bangalore)

Penalty under Section 114A and other penal provisions cannot be invoked when the goods were permitted to be cleared by the officers. However, the Revenue will be free to recover duty along with interest in terms of the Notification....

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Independent Director -Brief Background for Databank Registration

‘Independent directors’ is a very important topic and there are various interpretation issues which everyone faces while explaining or reading the topic but still we have good examples which will ensure to understand this concept in a better manner. It’s a Great Move of Ministry of Corporate Affairs which do regulates the fu...

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Posted Under: Corporate Law |

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