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Archive: February, 2021

Posts in February, 2021

Format of Directors’ Appointment Letter

February 13, 2021 60324 Views 0 comment Print

We are pleased to confirm that the shareholders of the Company has appointed you as a Director on the Board of Directors of the Company to hold office under section 152 and other applicable provisions (including any modification or re-enactment thereof), if any, of the Companies Act, 2013.

When Director/Business Owner may be exempted from Personal Appearance during Criminal Trial?

February 13, 2021 5622 Views 0 comment Print

When Director/Business Owner may be exempted from Personal Appearance during Criminal Trial? Occupiers of factories, Managing Directors or Directors of Hotels, Malls and other business/industrial entities are generally made a party in a criminal case based on principle of “Vicarious Liability” when an accident or untoward incident occur in their business/industrial entity including cases U/Sec. […]

Format of Quarterly Cash flow Format As per AS-3

February 13, 2021 8652 Views 0 comment Print

Article contains Format in Excel of The Cash Flow statement prepared under the ‘Indirect Method’ as set out in the Accounting Standard-3 on Cash Flow Statement issued by the Institute of Chartered Accountants of India.

1 Person Arrested In Case of Issuing Fake GST Invoices of Rs. 55.89 Crore

February 13, 2021 2568 Views 0 comment Print

A racket of fake/bogus firms has been busted by our officers of CGST G.B Nagar , unearthing fake GST invoicing of Rs 55.89 Cr involving fraudulent ITC of Rs 8.83 Cr, 1 person has been arrested. PRESS RELEASE 01 PERSON ARRESTED IN CASE OF ISSUING FAKE INVOICES OF RS. 55.89 CRORES AND PASSING OF INADMISSIBLE […]

Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for savings fund for the period from 01.01.2021 to 31.03.2021

February 13, 2021 6255 Views 0 comment Print

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme-1980, which are being issued on a quarterly basis from 01.01.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017, for the quarter from 01.01.2021 to 31.03.2021, as worked out by IRDA based on the interest rate of 7.1% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(2)-B(PD)/2020 dated 06.01.2021, are enclosed.

Exposure Draft Standard for Audit of Smaller & Less Complex Entities

February 13, 2021 1251 Views 0 comment Print

Exposure Draft Standard for Audit of Smaller and Less Complex Entities (SA-SLCE) Your comments on this Exposure Draft should reach us by March 31, 2021 Comments are most helpful if they indicate the specific paragraph(s) to which they relate, contain a clear rationale and, where applicable, provide a suggestion for alternative wording

Tribunals Reforms (Rationalisation & Conditions of Service) Bill, 2021

February 13, 2021 4278 Views 0 comment Print

AS INTRODUCED IN LOK SABHA Bill No. 19 of 2021 THE TRIBUNALS REFORMS (RATIONALISATION AND CONDITIONS OF SERVICE) BILL, 2021 A BILL further to amend the Cinematograph Act, 1952, the Customs Act, 1962, the Airports Authority of India Act, 1994, the Trade Marks Act, 1999 and the Protection of Plant Varieties and Farmers’ Rights Act, […]

Constitution (Scheduled Castes) Order (Amendment) Act, 2021

February 13, 2021 3549 Views 0 comment Print

AS INTRODUCED IN LOK SABHA Bill No. 18 of 2021 THE CONSTITUTION (SCHEDULED CASTES) ORDER (AMENDMENT) BILL, 2021 A BILL further to amend the Constitution (Scheduled Castes) Order, 1950 to modify the list of Scheduled Castes in the State of Tamil Nadu. BE it enacted by Parliament in the Seventy-second Year of the Republic of […]

Revised formats of Disclosures under Regulation 7 of SEBI PIT Regulations

February 13, 2021 18921 Views 0 comment Print

Revised disclosure formats under Regulation 7 of SEBI (Prohibition of Insider Trading) Regulations, 2015 Securities and Exchange Board of India (SEBI) has issued circular no. SEBI/HO/ISD/ISD/CIR/P/2021/19 dated February 9, 2021 regarding revised disclosure formats under Regulation 7 of SEBI (Prohibition of Insider Trading) Regulations, 2015. Under Regulation 7 of SEBI (Prohibition of Insider Trading) Regulations, 2015, following […]

Control and Regulation of e-Commerce Platform

February 13, 2021 744 Views 0 comment Print

Considering the cross-cutting nature of e-Commerce, different laws and regulations across sectors govern the present e-Commerce activities, some of which are; Consumer Protection Act, 2019, Finance Act 2020, Information Technology Act, 2000, Foreign Exchange Management Act, 2000 and Competition Act, 2002.

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