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Archive: January, 2021

Posts in January, 2021

Format of waiver to be provided by investors under SEBI (AIF) Regulations

January 8, 2021 1530 Views 0 comment Print

Waiver in respect of compliance with clause (i) and (ii) of the first proviso to Regulation 20(6), as per amendment to SEBI (AIF) Regulations, 2012, notified on January 08, 2021.

SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2021

January 8, 2021 9315 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette.

An Advocate can issue demand notice on instruction of his client (operational creditor), even though not backed by Board Resolution

January 8, 2021 10132 Views 0 comment Print

Mohit Minerals Ltd Vs. Nidhi Impotrade Pvt Ltd  (NCLAT) An Advocate can issue demand notice on the instruction of his client (the operational creditor), even though not backed by the Board Resolution Brief Facts: An application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was filed by the Appellant- Operational Creditor and dismissed […]

ITAT allows deduction for education cess

January 8, 2021 1305 Views 0 comment Print

Bajaj Electricals Ltd. Vs ACIT OSD (ITAT Mumbai) It is a fact on record that reliance was placed by the assessee’s counsel at the time of original hearing on the decision of the Hon’ble Rajasthan High Court in the case of Chambal Fertilizers referred to supra together with various other Tribunal decisions as detailed in […]

SEBI on Purchase of Group Company Shares from Liquidator as off-market sale

January 8, 2021 1179 Views 0 comment Print

Can Dr. V. L. Indira Dutt (Promoter and CMD of KCPL) acquire 2,78,370 shares from the Liquidator of JSCL at market price, during the closure of trading window as off-market sale as JSCL is also a promoter group company and both are considered as insiders and both of them have confirmed that there is no […]

AIFTP request for further extension of Income-tax due dates

January 8, 2021 19575 Views 2 comments Print

AIFTP Representation for further extension of various due dates under Income-tax Act, 1961 especially Income Tax Return Forms for AY 2020­- 21, Tax Audit Reports and other related Returns for AY 2020­- 21

Financial assistance received in lieu of services to be provided by Indian subsidiary company to holding company in Germany is a supply of service

January 8, 2021 2433 Views 0 comment Print

Financial assistance received in lieu of services to be provided by Indian subsidiary company to holding company in Germany is a supply of service The Hon’ble AAR Maharashtra in M/s. Prettl Automotive India Private Limited [Order No. GST-ARA-20/2019-20/B-59 dated December 15, 2020] held that financial assistance to be received by the Indian subsidiary is a […]

Where to invest money in India (to make it work for you)?

January 8, 2021 6363 Views 2 comments Print

This article does not cover as to needs of investing and requirement for the same. It mainly covers pros and cons of various modes of investment. Investing provides various benefits as follows: ♦ Achieving financial goals & obtaining financial freedom ♦ Wealth Creation ♦ Tax Saving ♦ Conquer Inflation ♦ Family & Personal life inflation […]

SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2021

January 8, 2021 14517 Views 0 comment Print

. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2021.

SEBI (Alternative Investment Funds) (Amendment) Regulations, 2021

January 8, 2021 2061 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Alternative Investment Funds) (Amendment) Regulations, 2021. They shall come into force on the date of their publication in the Official Gazette.

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