"31 March 2021" Archive - Page 2

Mandatory use of HSN/SAC on GST invoices w.e.f. 1.4.2021

With effect from the 1st April, 2021, it has been made mandatory for a GST taxpayer, having turnover of more than Rs 5 crore in the preceding financial year, to furnish 6 digits HSN Code (Harmonised System of Nomenclature Code), or as the case may be, SAC (Service Accounting Code) on the invoices issued for supplies of taxable goods and s...

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Filing of Annual Secretarial Compliance Report In XBRL Mode By Companies

It has been decided that filings in respect of Annual Secretarial compliance report should be filed by all listed companies, through XBRL mode in addition to the filing in PDF mode....

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SEBI reduces time for refund of share application money to Investors

Notification No. SEBI/HO/CFD/DIL1/CIR/P/2021/47 31/03/2021

It has been decided by SEBI to reduce the timelines for refund of the moneys to the investors in the above mentioned events to four days....

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TDS not deductible on Amounts paid to non-resident manufacturers for resale/use of computer software

Altisource Business Solutions Private Limited Vs ACIT (ITAT Bangalore)

Altisource Business Solutions Private Limited Vs ACIT (ITAT Bangalore) Amounts paid by the assessee to the non-resident computer software manufacturers / suppliers as consideration for the resale / use of computer software, is not payment of royalty for use of copyright in the computer software. Hence, the consideration paid to non-reside...

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RBI notifies Limits for FPI investment in Corporate bonds for FY 2021-22

RBI/2020-21/116 A.P. (DIR Series) Circular No. 14 31/03/2021

The limits for FPI investment in Corporate bonds shall remain unchanged at 15% of outstanding stock of securities for FY 2021-22. Accordingly, the revised limits for FPI investment in corporate bonds, after rounding off, shall be as under...

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5 Mistakes to Avoid While Choosing Insurance for Your Two-Wheeler

A bike insurance policy, at the end of the day, is a legal contract. It is a contract under which the policyholder promises to pay a certain amount of premium for a specified amount of time. In return, the insurance company promises to offer coverage as per the rules and extent of coverage. Generally, a […]...

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PFRDA (Pension Fund) (Fourth Amendment) Regulations, 2021

Notification No. PFRDA/12/RGL/139/9 31/03/2021

1. These regulations may be called the Pension Fund Regulatory and Development Authority (Pension Fund) (Fourth Amendment) Regulations, 2021. 2. These shall come into force on the date of their publication in the official gazette....

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IRDAI permits Insurers to classify investments in Preference & Equity Shares as Approved Investment

Ref. No: IRDAI/F&I/CIR/INV/065/03/2021 31/03/2021

IRDAI permits Insurers to classify investments in Preference Shares and Equity Shares as a part of Approved Investment if such Shares have paid dividend for at least 2 years out of 3 consecutive years immediately preceding instead of for at least 2 consecutive years immediately preceding...

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Articles of Association – Governing Integral Bye Laws of Company

Articles of Association regulates the internal management of the company and specifically defines the power of its officers. The Supreme Court further stated that Articles is a contract between the company and its members and between the members inter se which governs the ordinary rights and obligations incidental to membership of the com...

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Panel of Insolvency Professionals for appointment as Administrator

Panel of IPs prepared in accordance with 'Guidelines for Appointment of IPs as Administrators under the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018 for appointment as Administrator for a period from April 1, 2021 to September 30, 2021....

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June 2021