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Archive: 12 November 2020

Posts in 12 November 2020

Orders passed under GST without hearing petitioner not sustainable

November 12, 2020 618 Views 0 comment Print

Damodar Corporation Vs Union of India (Kerala High Court) Impugned orders passed  under GST ACT were passed without hearing the petitioner, the said orders cannot be legally sustained inasmuch as they have been passed in violation of the rules of natural justice. Accordingly, I quash Ext.P14 series of orders and direct the 7th respondent to […]

CA exams will be conducted as per notified schedule: ICAI

November 12, 2020 603 Views 0 comment Print

The forthcoming CA examinations are scheduled to commence from 21st November 2020 to 14th December 2020 and it is once again reiterated and clarified that the examinations will be conducted as per notified schedule.

SEBI Consultation Paper on Applicability & role of Risk Management Committee

November 12, 2020 1128 Views 0 comment Print

Considering the multitude of risks faced by listed entities, risk management has emerged as a very important function of the board. The Covid-19 pandemic has also reinforced the need for a robust risk management framework.

Retired employee can file his case at the place where he belongs or was getting pension

November 12, 2020 17421 Views 1 comment Print

Shanti Devi Alias Shanti Mishra Vs Union of India & Ors. (Supreme Court of India) A retired employee can prosecute his case at the place where he belonged to and was getting pension The deceased petitioner was continuously receiving pension for the last 08 years in his saving bank account in State Bank of India, […]

Order blacklisting beyond 3 years or maximum of 5 years was disproportionate

November 12, 2020 4230 Views 0 comment Print

Vetindia Pharmaceuticals Limited Vs State of Uttar Pradesh and Another (Supreme Court of India) An order of blacklisting operates to the prejudice of a commercial person not only in praesenti but also puts a taint which attaches far beyond and may well spell the death knell of the organisation/institution for all times to come described […]

Leave Travel Concession – Income Tax Exemption

November 12, 2020 51180 Views 43 comments Print

Government has recently made an announcement on 29th October, 2020 in continuation to an earlier announcement made vide Office memorandum F.No. 12(2) /2020-EII (A) dated 12th October, 2020, that all non-central government employees will be eligible for income tax exemption for the entire leave travel concession amount maximum up to Rs 36,000 per person as […]

K V Kamath Committee Report – Decoding

November 12, 2020 5502 Views 0 comment Print

Loan Restructuring Scheme For COVID-19 Hit Stressed Borrowers. Synopsis : COVID -19 left a destructive mark on the World Economy including India, so the Government of India along with the Ministry of Finance & Reserve Bank Of India announced several Stimulus Shots to revive the Indian economy, so the Governor of RBI , Sri Sakthikantha […]

Prevention of Money Laundering Act, 2002

November 12, 2020 3633 Views 0 comment Print

In the past when you had to open a Simple Bank account in any branch of PSU / Private Sector Bank in India, apart from filling all the particulars in the Account opening form, you had to fill a space wherein somebody known to you personally had to introduce you to bank and to sign […]

Govt allocate funds for MEIS for FY 2019-20 & for 9 months of FY 2020-21

November 12, 2020 3891 Views 0 comment Print

It is to inform that the Competent Authority has approved the allocation of an amount of Rs. 39,097 Crore for MEIS benefits for exports made during the FY 2019­-20. Further, allocation totalling Rs. 15,555 Crore for MEIS benefits for exports made during the period 01.04.2020 to 31.12.2020 is conveyed with the approval of the Competent Authority.

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