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Archive: 27 September 2020

Posts in 27 September 2020

Dormant companies: A detailed analysis

September 27, 2020 4317 Views 0 comment Print

♦ Section – 455: Dormant Company: Sec – 455(1): Where a company is formed and registered under this Act: for a future project or to hold an asset or intellectual property and has no significant accounting transaction, such a company or an inactive company may make: an application to the Registrar for obtaining the status […]

All you wanted to know about ESG investing

September 27, 2020 1935 Views 0 comment Print

When it comes to investing, as a responsible citizen, one should evaluate our target companies not only based on financial parameters but also on the basis of certain non- financial parameters. For the non-financial parameters, ESG (Environment Empathy, Social Responsibility and corporate governance) can be considered as a good starting point. Here companies are evaluated […]

The Jammu and Kashmir Official Languages Act, 2020

September 27, 2020 459 Views 0 comment Print

(1) This Act may be called the Jammu and Kashmir Official Languages Act, 2020. (2) It extends to the Union territory of Jammu and Kashmir. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint:

The Essential Commodities (Amendment) Act, 2020

September 27, 2020 1965 Views 0 comment Print

(a) the supply of such foodstuffs, including cereals, pulses, potato, onions, edible oilseeds and oils, as the Central Government may, by notification in the Official Gazette, specify, may be regulated only under extraordinary circumstances which may include war, famine, extraordinary price rise and natural calamity of grave nature;

The Farmers Produce Trade and Commerce (Promotion and Facilitation) Act, 2020

September 27, 2020 2586 Views 0 comment Print

(1) This Act may be called the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020. (2) It shall be deemed to have come into force on the 5th day of June, 2020.

Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020

September 27, 2020 1518 Views 0 comment Print

(1) This Act may be called the Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020. (2) It shall be deemed to have come into force on the 5th June, 2020.

18% GST on street lighting activity under Energy Performance Contract

September 27, 2020 12387 Views 0 comment Print

i. The street lighting activity under the Energy Performance Contract dated 05-12-2016 is considered as a composite supply of goods and services with the supply of service being the predominant supply. The service is classified under Heading 999112.

Automation of Continual Disclosures under Insider Trading Regulation

September 27, 2020 2034 Views 0 comment Print

 SEBI Circular, SEBI/HO/ISD/ISD/CIR/P/2020/168 dated September 09, 2020:  Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 – System driven disclosures:  Purpose: Purpose of this Circular is to automates the disclosure requirements under 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 by Stock Exchanges. 1. This circular supersedes the […]

RBI: Measuring Financial Stress in India – A study

September 27, 2020 1356 Views 0 comment Print

Reserve Bank of India in its RBI Working Paper Series No. 09 dated September 22, 2020, published a paper on its website which measures the financial stress in India focusing on the construction of financial stress indices for the Indian financial system using market-based indicators and three different aggregation methods. The paper finds that these […]

GST Rule 90(3) treating Rectified Refund Application as fresh, challenged

September 27, 2020 5292 Views 0 comment Print

A refund application under Section 54 of the CGST Act read with Rule 89 and Rule 90(3) of the CGST Rules is automatically treated as rejected and the second refund application is treated as a fresh application and the interest amount is calculated only from the date of the second refund application or subsequent applications which are filed after receiving the deficiency memos.

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