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Archive: January, 2021

Posts in January, 2021

Aadhaar authentication for contact less service in transport sector

January 29, 2021 849 Views 0 comment Print

Ministry is of the opinion that persons are facing difficulties in respect of availing various services related to driving licence and registration certificate especially during these COVID-19 pandemic. In view of the above, Ministry has decided to provide certain services online with the help of Aadhaar number as per Order attached.

Private Placement of Shares: Law and Procedure

January 29, 2021 21219 Views 0 comment Print

Private Placement means offer and issuance of shares to a select group of persons by a Company. The Procedure for issuance of shares on Private Placement Basis is as follows: 1) Hold a Board Meeting: The first and the foremost step for issuing shares on a Private Placement Basis is to hold a Board Meeting […]

Data, Privacy and You

January 29, 2021 1704 Views 0 comment Print

28 January, every year, is celebrated at the International Data Privacy Day. Most of us today are unaware of and uninformed about how our personal information is being used, collected, or shared in our digital society. The purpose of Data Privacy Day is to raise awareness and promote privacy and data protection best practices. Data […]

HC accepts Writ petition although alternative remedy was available

January 29, 2021 3072 Views 0 comment Print

Writ petition was maintainable despite the availability of an alternative remedy as the nature of challenge thrown in the writ petition was on the ground of absence of jurisdiction of Resolution Professional and the NCLT in IBC matters and not ‘wrongful exercise of the available jurisdiction’, thus bringing it within the fold of Article 226 of the Constitution.

HC directs GST Authorities to consider proposal to release Bank account against Immovable Property

January 29, 2021 993 Views 0 comment Print

The present petition inter-alia seeks quashing of the impugned Letters dated 31st December, 2020 whereby Respondents have directed the Bankers of the Petitioner Company to Freeze and/or Provisionally attach the bank accounts of the Petitioner Company

HC quashes GST refund cancellation order for being cryptic & non-speaking

January 29, 2021 2235 Views 0 comment Print

Genpact India Pvt. Ltd. Vs Union of India And Ors. (Punjab And Haryana High Court) The petitioner has straightway approached this Court, challenging the order dated 11.09.2020 of the Adjudicating Authority, vide which the refund claimed by the petitioner has been rejected. Having heard the counsel for the parties and on going through the pleadings […]

HC Cancels Bail of Person allegedly involve in spurious & counterfeit drugs racket

January 29, 2021 2859 Views 0 comment Print

Torrent Pharmaceuticals Limited Vs State of Rajasthan  & Vinay Mangal (Rajasthan High Court) The Court below was swayed by the fact that the purchases were made by bills and the payment was made in the account of the seller. The Court below failed to consider the provisions of Section 19 of the Act of 1940 […]

Tariff Notification No. 08/2021-Customs (N.T.), Dated : 29.01.2021

January 29, 2021 1770 Views 0 comment Print

Tariff Notification No. 08/2021-Customs (N.T.), Dated : 29.01.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 08/2021-CUSTOMS (N.T.) New Delhi, 29th January, 2021  10 Magha, 1942 […]

If agent been paid at ALP than existence of DAPE is wholly tax-neutral

January 29, 2021 795 Views 0 comment Print

ADIT Vs Asia Today Limited (ITAT Mumbai) It has not been the case of the revenue authorities at any stage that the remuneration paid to the Indian agent is not an arm’s length remuneration for the services rendered by the agents concerned, yet a prayer is now made that the matter should be sent back […]

Updating your FCPA ABC Program to keep up with definitions under Indian law

January 29, 2021 864 Views 0 comment Print

Updating your FCPA ABC Program to keep up with definitions under Indian law The primary way for an anti-bribery compliance (ABC) program to be effective is to be locally tailored, so that it isn’t alien to the jurisdiction it operates in. Importantly, in countries such as India, the anti-corruption law regime is witnessing frequent changes […]

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