"07 January 2021" Archive - Page 3

IRDAI proposes Para 2 of Part 1 of Schedule B of IRDA Financial Statements

Ref. No:-- 07/01/2021

The Unexpired Premium Reserve [UPR] provisions formed part of Para 2 of Schedule B of IRDA (Preparation of Financial Statements and Auditor’s Report of Insurance Companies) Regulations, 2002. On notification of Insurance Laws (Amendment) Act, 2015, the provisions of Section 64V (1)(ii)(b) have been deleted. Accordingly, the said provisi...

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RBIA Framework – Strengthening Governance arrangements

RBI/2020-21/83 Ref.No.DoS.CO.PPG./SEC.04/11.01.005/2020-21 07/01/2021

The internal audit function must have sufficient authority, stature, independence and resources within the bank, thereby enabling internal auditors to carry out their assignments with objectivity....

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Premier Solar systems allowed to withdraw application by AAR Telangana

In re Premier Solar systems Private Limited (GST AAR Telangana)

In re Premier Solar systems Private Limited (GST AAR Telangana) In the reference 1st cited, M/s. Premier Solar systems Private Limited, has sought certain clarifications in Advance Ruling. Through the reference 2nd cited, All the Joint Commissioner (CT), All Deputy Commissioners(CT), All the Assistant Commissioners(CT), All the Senior Off...

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Accepting assignment as IRP after 31.12.2019 without holding a valid AFA when consent was given before 01.01.2020

Order No. IBBI/DC/64/2020 07/01/2021

In the matter of Mr. Kedarram Ramratan Laddha, Insolvency Professional (IP) under Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016...

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Mumbai Police Order for Installation of CCTV In Private Establishments

CP/XI (6)/144/(Prohibitory Order)/(01)/2021 07/01/2021

The Commissioner Of Police, Greater Mumbai Issues Orders For Installation Of CCTV Systems In Private Establishments Invoking Section 144 Of Criminal Procedure Code Jan 16, 2021. Full Text of the Order is as follows:-  CP/XI (6)/144/(Prohibitory Order)/(01)/2021 THE COMMISSIONER OE POLICE, GREATER MUMBAI ORDER (UNDER SECTION 144 OF CRIMIN...

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LTC: Reimbursement of cancellation/reschedule charges for air/train tickets

Notification No. 31011/1/2020-Estt (A.IV) 07/01/2021

No. 31011/1/2020-Estt (A.IV) Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel and Training (Establishment A-IV Desk) North Block, New Delhi-110001 Dated: 7 January, 2021 OFFICE MEMORANDUM Subject:-Reimbursement of cancellation/reschedule charges for air/train tickets booked for the purpose ...

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Direct & Indirect Taxes Updates- December 2020

DIRECT TAXES UPDATES Recent circulars/notifications/rules/clarifications/News  – Government issues a circular clarifying the requirements for opening  of Senior Citizen Savings Scheme Account (Circular  no.  File No. FS-10/17/2020-FS dated 07.12.2020)  – CBDT releases answers to FAQs on Vivad-se-Vishwas scheme (Circular N...

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Posted Under: Corporate Law |

Quarterly Return Monthly Payment (QRMP) Return

From 1st January 2021, the Central Board of Indirect Taxes and Customs (CBIC) introducing QRMP scheme under GST to help small taxpayers whose turnover is less than ₹ 5 crore. The QRMP scheme allows the tax payers to file GSTR-3B on a quarterly basis and pay tax every month beginning from January-March,2021 period....

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Posted Under: Corporate Law |

Quarterly GST Return Monthly GST Payment Scheme

Quarterly Return filing & Monthly Payment of Taxes (QRMP) scheme is been launched by Government for small taxpayers under GST system. In thie article we will discuss the Applicability of this Scheme, Salient Features of QRMP scheme, What Registered Person means for this Scheme, When to Register or Opt for this Scheme, When to file [&h...

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Posted Under: Corporate Law |

Updates of MCA, SEBI, RBI, IBBI in the month of December 2020

Analysis of Rules under Company Law⇒  ♦ The Companies (Compromise, Arrangements and Amalgamations) Second Amendment Rules, 2020: The Ministry of Corporate Affairs (MCA) has vide notification dated December 17, 2020 notified the Companies (Compromise, Arrangements and Amalgamations) Second Amendment Rules, 2020. The Companies (Comprom...

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Posted Under: Corporate Law |

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