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Archive: 17 February 2021

Posts in 17 February 2021

Major Port Authorities Act, 2021

February 17, 2021 951 Views 0 comment Print

THE MAJOR PORT AUTHORITIES ACT, 2021 is An Act to provide for regulation, operation and planning of Major Ports in India and to vest the administration, control and management of such ports upon the Boards of Major Port Authorities and for matters connected therewith or incidental thereto.

ITAT dismisses Appeal as appellant filed application under VSV Scheme

February 17, 2021 582 Views 0 comment Print

Abid Ali Vs ACIT (ITAT Delhi) FULL TEXT OF THE ORDER OF ITAT DELHI The present appeal has been filed by the assessee against the order of the ld. CIT(A), Aligarh dated 06.11.2017. 2. At the outset, it was brought to the notice of bench by the ld. AR that the assessee has filed application under […]

NITI Aayog to use Aadhar authentication for its Kashi  programme on voluntary basis

February 17, 2021 657 Views 0 comment Print

Government of India have authorised Atal Innovation Mission , NITI Aayog, Government of India to use Aadhar authentication of its Kashi (Cash over Internet) programme on voluntary basis.

Minimum Public Offer (MPO) requirements for large issuers relaxed

February 17, 2021 5319 Views 0 comment Print

Presently, in terms of Securities Contracts (Regulation) Rules, 1957 (SCRR), issuers with post issue market capital of at least Rs 4,000 crores or more, are required to offer to public at least 10% of its post issue market capital (‘Minimum Public Offer’ – MPO). Further, such issuers are also required to achieve a minimum public shareholding (MPS) of at least 25% within three years from the date of listing.

Service not provided to Govt or Govt entity not eligible for benefit of Sl. No. 3 of N/N. 12/2017-CT(R)

February 17, 2021 666 Views 0 comment Print

In re Nepra Resource Management Pvt. Ltd. (GST AAAR Gujarat) As the appellant has not been providing services to the Central Government, State Government or Union Territory or local authority or a Governmental authority or a Government Entity, the benefit of Sl. No. 3 of Notification No. 12/2017- Central Tax (Rate) dated 28.06.2017 is not […]

FSSAI notifies FSS (Alcoholic Beverages) First Amendment Regulations, 2020

February 17, 2021 2661 Views 0 comment Print

The Food Safety and Standards (Alcoholic Beverages) First Amendment Regulations, 2020  MINISTRY OF HEALTH AND FAMILY WELFARE, Food Safety and Standards Authority of India (FSSAI) vide Notification No. F. No. Stds/SP(water and Beverages)/Notification(1)/FSSAI-2019 dated 18th December, 2020 has come up with the Food Safety and Standards (Alcoholic Beverages) First Amendment Regulations, 2020 in exercise of […]

Anti-dumping investigation – Imports of Plastic Processing Machines

February 17, 2021 1251 Views 0 comment Print

(Case No- AD-OI-46/2020) Anti-dumping investigation concerning imports of Plastic Processing Machines originating in or exported from China PR.

Key Points For Board Meeting Held Through Video Conferencing

February 17, 2021 5439 Views 1 comment Print

1.The participation of directors in a meeting of the Board through video conferencing which are capable of A) recording and B) recognising the participation of the directors and C) of recording and storing the proceedings of such meetings along with D) date and time. 2. Following matters shall not be dealt with in any meeting […]

Arbitration Clause in Contract Not an Absolute Bar to Availing Remedies Under Article 226

February 17, 2021 1776 Views 0 comment Print

Unitech Limited &  Ors. Vs Telangana State Industrial Infrastructure Corporation (TSIIC) & Ors. (Supreme Court) Article 23.1 of the Development Agreement in the present case mandates the parties to resolve their disputes through an arbitration. However, the presence of an arbitration clause within a contract between a state instrumentality and a private party has not […]

SVLDRS, 2019 benefit cannot be rejected for difference & amount admitted & Quantified

February 17, 2021 819 Views 0 comment Print

Sabareesh Pallikere Vs Jurisdictional Designated Committee (Bombay High Court) In so far the present case is concerned, we may refer to the first statement of the petitioner recorded on 06.07.2018. In this statement, he categorically admitted that the total service tax liability of the petitioner for the period 2013-14 to 2017-18 (upto June, 2017) would […]

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