"26 March 2021" Archive - Page 4

Process for Food License

WHAT IS FSSAI? Food Safety and Standards Authority of India (FSSAI) is a self-governing organization established under the Ministry of Health & Family Welfare, Government of India which works for the food safety and regulations in India. FSSAI was formed under the Food Safety and Standards Act, 2006. FSSAI issues food licenses to food...

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Posted Under: Corporate Law |

Transfer of business by SEBI registered intermediaries to other legal entity

Circular No. SEBI/HO/MIRSD/DOR/CIR/P/2021/46 26/03/2021

SEBI has been receiving registration applications pursuant to transfer of business (SEBI regulated business activity) from one legal entity which is a SEBI registered Intermediary (transferor) to other legal entity (transferee). In this regard, following is clarified:...

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History of Money: From Barter to Cryptocurrencies

Money is essential; it is that much significant that most people end up living their lives, earning it only. However, the history of money doesn’t date back long. For comparison, if the whole Homo sapiens history would convert to 24 hours, money would have existed for the last 18 minutes only. The internet and press […]...

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Posted Under: Corporate Law |

Understanding Insolvency Law & Its Ramifications for COVID-19

In the wave of several reforms presented by the govt for the promotion of ‘Ease of Doing Business’ in India, one landmark development within the dynamic world of insolvency and bankruptcy was the introduction of the ‘Insolvency and Bankruptcy Code, 2016’ (‘IBC’ or ‘Code’). Before the enactment of IBC, the i...

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Posted Under: Corporate Law |

Change in Internal Audit approach, technique & expectation after Pandemic

Internal Audit after Pandemic – Change in approach, technique and expectation from Internal audit As conglomerates make substantial demands on internal auditors to help them deal with the several issues that arise as a result of the COVID-19 crisis, internal auditors must keep up. They may also get dragged into additional roles that...

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Posted Under: Corporate Law |

No change in recommended interval between two doses of Covaxin

In view of the emerging scientific evidence, the interval between two doses of a specific COVID-19 vaccine i.e. COVISHIELD, has been revisited by National Technical Advisory Group on Immunization (NTAGI) and subsequently by National Expert Group on Vaccine Administration for COVID-19 (NEGVAC) in its 20th meeting....

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Posted Under: Corporate Law |

Freight forwards/NVOCCs/Consolidators Pending Registration as Other Notified Carriers (ANC) under SCMTR – reg

Public Notices No. 28/2021-JNCH 26/03/2021

Attention of all Port Terminals, Shipping lines, Shipping Agents, Transhippers, Custodians, Freight forwarders, Customs Brokers, Importers, Exporters, and other stakeholders is invited to Sea Cargo Manifest and Transhipment Regulations (hereinafter referred to as SCMTR) notified through Board Notification No 38/2018-Customs dated 11.05.20...

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Draft Calcium Carbide (Amendment) Rules, 2021

Notification No. G.S.R.259(E). 26/03/2021

1. (1) These rules may be called the Calcium Carbide (Amendment) Rules, 2021. (2) These shall come into force on the date of their final publication in the Official Gazette. 2. In the said rules, in Rule 31, sub-rule (1) the words maximum of three years shall be substituted with "maximum of ten years"....

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GST refund issues & calculation of Adjusted Total Turnover clarified

Circulars No. GST-20/2020-21 26/03/2021

Clarification in respect of refund claim by recipient of Deemed Export Supply, Extension of relaxation for filing refund claim in cases where zero-rated supplies has been wrongly declared in Table 3.1(a) and manner of calculation of Adjusted Total Turnover under sub-rule (4) of Rule 89 of KGST Rules, 2017....

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Applicability of Dynamic Quick Response Code on B2C invoices

Circular No. GST-19/2020-21 26/03/2021

Various references have been received from trade and industry seeking clarification on applicability of Dynamic Quick Response (QR) Code on B2C (Registered person to Customer) invoices and compliance of Notification (08/2020) No. FD 03CSL 2020 (e) dated 27th March, 2020 as amended....

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