The Union Territory of Jammu & Kashmir has notified the Rules under Real Estate (Regulation and Development) Rules 2020. Implementation of RERA in Union Territory of Jammu & Kashmir will lead to a new era of Transparency & Accountability in the Real Estate Sector. RERA will ensure regulation & promotion of Real Estate Sector. It will also protect interests […]
Surrender of Director Identification Number (DIN) A Director Identification Number (DIN) is a unique number allotted to an individual who intends to become or who is a director of a Company. Surrender of DIN The Central Government or Regional Director (Northern Region), Delhi or any officer authorised by the Regional Director may, upon being satisfied […]
IMPACT OF COVID 19 ON ANNUAL GENERAL MEETING (AGM) UNDER COMPANIES ACT 2013: Pursuant to the provisions of Companies Act, 2013 (Act) read with rules made thereunder, it is required for every Company other than a one person company to hold an Annual General Meeting (AGM) within 6 months (9 months in case of first […]
The Central Board of Indirect Taxes & Customs (‘CBIC’), vide Instruction dated 21st August 2020, has made it mandatory for the adjudicating, appellate and compounding authorities to conduct personal hearing through video conferencing facility. This mandate has been made applicable to any proceedings under the Customs Act 1962, Central Excise Act 1944, Chapter V of […]
Fund diversion has always been a major problem in our banking system. It has been observed in all major cases of wilful default or fraud that the funds borrowed from banks have been diverted elsewhere and the banks had no control on utilization of funds. This situation is caused due to the fact that there […]
Aadhaar verification or Physical verification of premises mandatory for GST registration from 21.08.2020 (Notification 62/2020) 1) CBIC has issued Notification No 62/2020-Central Tax dated 21st August 2020 which seeks to make Tenth amendment to the CGST rules. These rules may be called the Central Goods and Services Tax (Tenth Amendment) Rules, 2020. 2) These shall be […]
I. Background The existing system of scrutiny assessments in the Income-tax Department involves a high level of personal interaction between the taxpayer and the Department, which leads to certain undesirable practices on the part of tax officials. To eliminate such instances, and to give shape to the vision of the Hon’ble Prime Minister, a scheme […]
Disqualification, Personal Liability and Other Penal Consequences for Directors of a Company Disqualification of Directors as per Companies Act Ineligibility Of Being Appointed As A Director Section 164 of the Companies Act, 2013 prescribes certain conditions which make a person ineligible for appointment as a Director in any company. As per Sub-section (1) of this […]
MHA issued revised clarification on 22nd August on its order dated 29th July 2020, wherein No curb on inter and intra state movement of persons and goods. Now henceforth no separate permission/approval/e permit will be needed for such movement. Home Secretary Government of India North Block, New Delhi D.O. No. 40-3/2020-DM-I(A) Dated : 22nd August, […]
Standard Operating Protocol (SOP) for travel on Vande Bharat and Air Transport Bubble flights- In order to contain the spread of COVID-19 pandemic, Central Government had taken a series of steps to curtail the inward/ outward movement of international passengers (both foreigners and Indians) in a calibrated manner. Further international air travel of passengers (except as permitted by MHA) has been prohibited under MHA’s Orders related to lockdown/ Unlock guidelines. For bringing back Indian Nationals stranded abroad, Government of India has launched Vande Bharat mission.
