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Archive: July, 2020

Posts in July, 2020

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

July 1, 2020 795 Views 0 comment Print

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 competitors who […]

ESI Return due date Extended till 15th July, 2020

July 1, 2020 52188 Views 6 comments Print

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 month of February, 2020 and […]

Relaxations related to Board meetings & Independent Directors

July 1, 2020 3966 Views 0 comment Print

 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.

Loans worth more than Rs 1 lakh crore sanctioned under ECLGS

July 1, 2020 1098 Views 0 comment Print

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 restart their businesses post the lockdown.

No Custom Penalty for goods cleared by officers after signing Bond

July 1, 2020 897 Views 0 comment Print

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.

Independent Director -Brief Background for Databank Registration

July 1, 2020 21468 Views 7 comments Print

‘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 function of corporate […]

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