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Archive: 05 August 2020

Posts in 05 August 2020

IBBI (Liquidation Process) (Third Amendment) Regulations, 2020

August 5, 2020 984 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Third Amendment) Regulations, 2020 today.

IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020

August 5, 2020 1023 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020 today.

Interpret SVLDR Scheme liberally to allow Businesses to Make Fresh Beginning

August 5, 2020 1014 Views 0 comment Print

whether application filed under the SVLDR Scheme rejected on the sole ground that the demand was neither quantified without giving opportunity of being heard is justified in law?

IT Department hopes to complete all Faceless e-Assessments by mid-September

August 5, 2020 1338 Views 0 comment Print

3,130 tax personnel, including 600 IT officers are busy implementing the Faceless e-Assessment scheme of Income Tax. Out of 58,319 cases selected for faceless assessment, already 8,700 cases have been disposed off.

FERA Offence Liability depends on Role in Company Affairs & Not on Mere Designation or Status: SC

August 5, 2020 2352 Views 0 comment Print

Shailendra Swarup Vs Deputy Director (Supreme Court of India) Section 68 of FERA, 1973 deals with Offences by companies. Section 68(1) provides that every person who, at the time of the contravention was committed, was in charge of, and was responsible to, the company for the conduct of business of the company as well as […]

No ST under RCM levied on Indian bank acting as a mediator between Exporter & Foreign Banker

August 5, 2020 2997 Views 0 comment Print

whether service tax can be levied on reverse charge mechanism basis on an Indian bank acting as a mediator between an Indian exporter and the foreign banker representing foreign importer?

How to View Public Documents on MCA Website

August 5, 2020 53829 Views 1 comment Print

In order to view the documents, Forms filed by the Company on MCA Portal service of “View Public Documents” is made available by the MCA. If user has to only view the Public Documents then the logging in on the MCA Portal is not required, however if user wants to download the Public Documents then […]

SEBI (Employees’ Service) (Amendment) Regulations, 2020

August 5, 2020 1131 Views 0 comment Print

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

Dispensing with physical signature on Insurance proposal forms

August 5, 2020 1800 Views 0 comment Print

Life insurers have represented to the Authority to allow the option of authenticating the proposals for life insurance through electronic means, in place of physical signature, for the sales made by insurance agents and intermediaries, in addition to the methods presently allowed.

Govt extends tenure of SEBI Chairman Ajay Tyagi upto Feb 2022

August 5, 2020 483 Views 0 comment Print

The Appointments Committee of the Cabinet has approved the extension of term of appointment of Shri Ajay Tyagi, IAS (HP:1984) (Retd.) as Chairman, Securities & Exchange Board of India (SEBI) for a further period of 18 months w.e.f. 01.09.2020 upto 28. 02.2022 or until further orders, whichever is earlier.

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