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Archive: November, 2020

Posts in November, 2020

Creation of Security in issuance of listed debt securities & ‘due diligence’ by debenture trustee(s)

November 3, 2020 2997 Views 0 comment Print

Regulation 13 of the DT Regulations stipulates that the debenture trustee shall enter into a written agreement with the Issuer before the debenture trustee agrees to act as debenture trustee in respect of the said issue of debt securities.

SEBI amends Schemes of Arrangement by Listed Entities

November 3, 2020 2775 Views 0 comment Print

SEBI Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017 has laid down the framework for Schemes of Arrangement by listed entities and relaxation under Rule 19(7) of the Securities Contracts (Regulation) Rules, 1957.

Exposure Draft of Revised AS 21, Effects of Changes in Foreign Exchange Rates

November 3, 2020 630 Views 0 comment Print

Exposure Draft of revised AS 21, The Effects of Changes in Foreign Exchange Rates, has been issued by the ASB for comments with the last date being December 3, 2020

CBIC notifies Rate of Exchange of Foreign Currencies wef 04.11.2020

November 3, 2020 816 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 4th November, 2020 vide Notification No. 104/2020-Customs (N.T.), Dated: 3rd November, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 104/2020 – Customs (N.T.) New Delhi, dated the 3rd November, 2020 12 Kartika […]

FAQs on admit cards- CA exams

November 3, 2020 5910 Views 0 comment Print

1. How do I get my admit card? Admit cards in respect of all eligible candidates admitted to the Foundation, Intermediate (IPC), Intermediate, Final and Final-New examination, with their photographs and signatures on them, will be hosted on https://icaiexam.icai.org/ No physical admit cards will be sent to any candidate. Candidates are required to download and […]

Only DGFT Empowered to Suspend & Cancel IEC Number

November 3, 2020 12148 Views 0 comment Print

Blocking of importer exporter code of the petitioner by any authority other than the Director General of Foreign Trade or by his authorized officer under section 8 of the Foreign Trade (Development and Regulation) Act, 1992 would be unauthorized, unwarranted and without jurisdiction.

Department cannot force Assessee to Reverse Credit Merely for non-Intimation made under rule 6 of CCR

November 3, 2020 1752 Views 0 comment Print

The issue under consideration is whether department cannot force upon the assessee to reverse credit under Rule 6(3)(i) merely for the reason that no intimation under Rule 6 of CCR?

Treatment of Interest on Fixed Deposit – ITAT remanded case Back to AO

November 3, 2020 5649 Views 0 comment Print

Explore Angul Sukinda Railway Ltd. vs ITO case. ITAT Cuttack decision on interest treatment for FDR and Flexi deposits. Full judgment details here.

Section 171(3A) Penalty for profiteering not retrospective: NAA

November 3, 2020 645 Views 0 comment Print

Vivek Gupta Vs Gurukripa Developers & Infrastructures Pvt. Ltd. (National Anti-Profiteering Authority) Since, no penalty provisions were in existence between the period w.e.f. 01.07.2017 to 31.08.2018 when the Respondent had violated the provisions of Section 171 (1), the penalty prescribed under Section 171 (3A) cannot be imposed on the Respondent retrospectively. Accordingly, the notice dated […]

Advisory for Financial Sector Organizations regarding SaaS based solutions

November 3, 2020 2937 Views 0 comment Print

Indian Computer Emergency Response Team (CERT-in) has issued an advisory for Financial Sector organizations. The advisory has been forwarded to SEBI for bringing the same to the notice of financial sector organization. The advisory is enclosed at Annexure A of this circular.

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