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Archive: 02 March 2021

Posts in 02 March 2021

Dematerialisation of securities under Companies Act 2013

March 2, 2021 18456 Views 7 comments Print

The Ministry of Corporate Affairs (MCA) vide its notification dated 10th Sep, 2018 issued the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 which came into force w.e.f. 2nd Oct, 2018. As per rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014 every unlisted public company is required to: issue […]

Sunset Review investigation concerning imports of Barium Carbonate

March 2, 2021 375 Views 0 comment Print

Case No.- AD-SSR 27/2020 Initiation of Sunset Review investigation concerning imports of Barium Carbonate originating in or exported from China PR-reg.

Monthly Pension Adaalat reg

March 2, 2021 621 Views 0 comment Print

Pensioners/members of EPS 1995 need exclusive platform for closer interaction with EPFO officers for understanding the provisions of EPS 1995 and getting their grievance resolved. Therefore, it is hereby directed that each RO should hold ‘Pension Adaalat’ in the first fortnight of every month for the pensioners and the members of the EPS 1995 who are going to become pensioner in near future (preferably in next 03 months).

12% Interest on delayed excise duty refund allowable from deposit date till its realization

March 2, 2021 3144 Views 0 comment Print

J. K. Cement Works Vs Commissioner, Central Excise, Central Goods and Service Tax (CESTA Delhi)  Conclusion: Adjudicating Authority was directed to grant interest from the date of deposit till the date of grant of a refund at the rate of 12% per annum. Such interest on refund should be granted within a period of 60 […]

Applications for export of Diagnostic Kits (VTM/RNA Extraction kits/RT-PCR Kits)

March 2, 2021 654 Views 0 comment Print

The quota for export of the following types of diagnostic kits was fixed for the period from December, 2020 to February, 2021 vide Trade Notice 39 dated 19.01.2021. The applications received as per the Trade Notice were issued export licenses and the quota has not been exhausted.

No Section 271C Penalty for Non Deduction of TDS If There was Bona Fide & Reasonable Cause

March 2, 2021 2025 Views 0 comment Print

Ghaziabad Development Authority Vs  ACIT  (ITAT Delhi) We find that on the issue of reasonable cause u/s.273B, assessee does has a prima facie case, because as per the CBDT Circular No. 275 dated 21.09.1994, it has been clarified that responsibility for making deduction tax at source u/s. 194A should be that of Collector (Land Acquisition) […]

IRDAI release formats for collection of Rural Insurance data

March 2, 2021 444 Views 0 comment Print

In order to monitor the performance of Rural Insurance Business and support the development of policy and regulation for promoting rural insurance business, it is necessary to analyses data pertaining to Rural Insurance. It has therefore been decided to collect data as follows:

India & its infinite potential to change Global Solar Energy Market

March 2, 2021 981 Views 0 comment Print

As the world is gradually overcoming the prolonged COVID-19 hysteria, our world leaders and international institutions are poised for another surmountable challenge i.e. ‘transition towards a more just and more inclusive world order which is pro-poor and environment centric’. Once just a fancy dream on paper, this grandeur vision now seems realistically attainable, partly because […]

Increasing Authorized Share Capital- Procedure & FAQs

March 2, 2021 22200 Views 0 comment Print

Meaning and Concept of Authorized Share Capital: ♦ As Per Section 2(8) of the Companies Act, 2013 ‘authorized capital’ or ‘nominal capital’ means such capital as is authorized by the memorandum of a company to be the maximum amount of share capital of the company. ♦ Therefore Authorized Share Capital is that maximum amount up […]

SC directs release of Interim Resolution Professional of Jaypee Infratech

March 2, 2021 1215 Views 0 comment Print

It is seen that the police official dealing with the case is not familiar with the provision of privilege of interim resolution appointed by the Court, in terms of Section 233 of the Insolvency and Bankruptcy Code.

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