"31 December 2020" Archive - Page 2

SEBI modifies Procedural Guidelines for Proxy Advisors

Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/256 31/12/2020

Proxy Advisors shall alert clients, within 24 hours of receipt of information, about any factual errors and any impending material revisions to their reports. Further, any such material revisions to their reports shall be communicated to the clients within 72 hours of receipt of the information, while ensuring that adequate time is availa...

SEBI amends two Circular on Mutual Funds

Circular No. SEBI/HO/IMD/DF2/CIR/P/2020/253 31/12/2020

In terms of paragraph 1 of SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/ 2020/175 dated September 17, 2020, the uniform applicability of NAV in respect of purchase of units of mutual fund schemes upon realization of funds, was to come into effect from January 1, 2021....

Atamnirbhar Bharat: Relief for Contractors/Developers of Road Sector- reg

Notification No. No. COVID-19/RoadMap/JS(H)/2020 31/12/2020

Representations have been received in the Ministry for further extension of the period of relief measures taken for mitigating COVID impact on the contractors engaged in NH sector....

Scheme Guidelines for Implementation of Aatmanirbhar Bharat Rozgar Yojana

Notification No. CAIU/011(16)2020-21/ABRY/1179 31/12/2020

Scheme Guidelines for Implementation of Aatmanirbhar Bharat Rozgar Yojana (ABRY) - to incentivize creation of new employment opportunities in EPFO registered establishments....

Foreign exchange fluctuation loss on ECB loan for acquisition of indigenous assets allowable

DCIT Vs Green Star Fertilizers Ltd. (ITAT Chennai)

DCIT Vs Green Star Fertilizers Ltd. (ITAT Chennai) The issue of disallowance of expenditure on account of foreign exchange fluctuation loss incurred for acquisition of domestic asset is revenue in nature deductible u/s.37(1) or not has been considered by the co­ordinate Bench of this Tribunal in the case of M/s.Hyundai Motor Company Ltd....

Tariff Notification No. 117/2020-Customs (N.T.) Dated: 31.12.2020

Notification No. 117/2020-Customs (N.T.) [S.O. 4793(E)] 31/12/2020

Tariff Notification No. 117/2020-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 31st December, 2020 Notification No. 117/2020-CUSTOMS (N.T.) S.O. 4793(E).—I...

CBIC notifies date of implementation of Notification No. 102/2020-Customs (NT)

Notification No. 116/2020-Customs [S.O. 4786(E)] 31/12/2020

Notifying the date of implementation of Notification No. 102/2020-Customs (NT) dated 23.10.2020. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 31st December, 2020 Notification No. 116/2020-Customs S.O. 4786(E).—In exercise of the powers conferred by sub-section (1) ...

Issue of shares at premium- DCF is accepted method of valuation

DCIT Vs Avigna Housing Pvt. Ltd. (ITAT Chennai)

DCIT Vs Avigna Housing Pvt. Ltd. (ITAT Chennai) we are of the considered view that fair market value of shares considered by the assessee under DCF method is one of the accepted method of valuation of shares under Rule 11UA and such value of shares is supported by necessary supporting evidences including valuation report as […]...

CVD Investigation concerning imports of Copper Tubes and Pipes

Case No. CVD-08/2020-DGTR 31/12/2020

Case No. CVD-08/2020 Subject:- Countervailing Duty Investigation concerning imports of Copper Tubes and Pipes from Malaysia, Thailand and Vietnam...

IRDAI imposes penalty of Rs. 5 Lakh on Bharti AXA General Insurance Company Ltd

Ref. No: IRDA/NL/ORD/MISC/305/12/2020 31/12/2020

The penalty amount of Rs. 5 lakhs (Rupees five lakh only) shall be remitted by the Insurer by debiting the shareholders’ account within a period of forty five days from the date of receipt of this order through NEFT/RTGS (details for which will be communicated separately)....

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