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Archive: 03 September 2020

Posts in 03 September 2020

History of Indian Securities Market over the last century

September 3, 2020 8979 Views 0 comment Print

SEBI which has done great services to our nation through regulating the business in stock exchanges, securities markets, and various other functions contains in its web site the history of the Indian securities market over the last century. This article intends to introduce you to various historical narratives that led our nation through a century […]

Procedure For Incorporation of LLP Through Fillip

September 3, 2020 3468 Views 0 comment Print

Procedure For Incorporation of Limited Liability Partnership (LLP) Through Fillip A Limited Liability Partnership is a partnership firm registered under the Limited Liability Partnership Act, 2008 as a separate legal entity. LLP offers the partners to enjoy the benefits of limited liability at a low cost. PROCEDURE FOR INCORPORATION: Acquire DSC of any Designated Partner; […]

An overview of Joint-Stock Company

September 3, 2020 17265 Views 0 comment Print

The company form of business organization came into existence because of the defects of the sole proprietorship and partnership form of business organization. As the business expands, it requires huge capital investment and expert professional management and it also involves huge risk. Sole proprietorship and partnership forms of business organization cannot meet these requirements due […]

GST rate on GTA Services under RCM – 12% or 5%?

September 3, 2020 207366 Views 9 comments Print

In accordance with Notification No. 11/2017- Central Tax (Rate) dated 28th June, 2017, GST under Reverse Charge Mechanism is payable on supply of services by a goods transport agency (GTA) in respect of transportation of goods by road to- -any factory registered under or governed by the Factories Act, 1948(63 of 1948);or -any society registered […]

HC set aside Order passed on the basis of a report which was not provided to Appellant

September 3, 2020 1509 Views 0 comment Print

whether non furnishing of scrutiny report to the assessee and then passing an adverse order based on the said scrutiny report is justified in law?

Indian government blocks 118 Mobile Applications

September 3, 2020 558 Views 0 comment Print

Today, we heard the news item through TV, newspapers and other media that the Ministry of Electronics and Information Technology, Government of India invoking it’s power under section 69A of the Information Technology Act read with the relevant provisions of Information Technology (Procedure and Safeguards for Blocking of Access of Information by Public) Rules 2009 […]

MEIS Benefits Capped !!!

September 3, 2020 2838 Views 0 comment Print

DGFT has released a Notification No. 30/2015-20 dated September 01, 2020, wherein they have clarified on the ‘Ceiling / Cap on MEIS Benefits which are available to Exporters on exports made from September 01, 2020 to December 31, 2020’.

CBIC notifies Rate of Exchange of Foreign Currencies wef 4.9.2020

September 3, 2020 2355 Views 0 comment Print

Exchange Rates Notification No. 84/2020-Custom (NT) dated 03.09.2020 [Effective from 04th September, 2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 84/2020 – Customs (N.T.) New Delhi, dated the 3rd September, 2020 12 Bhadrapada 1942 (SAKA) In exercise of the powers conferred by section […]

Furnishing of Original copy of documents not mandatory for Section 12AA Registration from 19.02.2018

September 3, 2020 939 Views 0 comment Print

Shrimad Dayanand Shiksha Samiti Bhilwada Vs CIT (ITAT Jaipur) From the facts of the present case, we noticed that the assessee had filed an application before the ld. CIT (Exemption) for seeking registration u/s 12AA of the Act. The assessee had also furnished the copy of MOA notorized by the Notary Officer, Bhilwara. However, the […]

Cessation of ‘Aditya Birla Idea Payments Bank Ltd’ as a banking company

September 3, 2020 465 Views 0 comment Print

We advise that the Aditya Birla Idea Payments Bank Limited has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020

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