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Archive: March, 2021

Posts in March, 2021

Value of IPL Ecosystem Decreased by 3.6% in 2020

March 10, 2021 1023 Views 0 comment Print

Value of IPL Ecosystem Decreased by 3.6% in 2020, Reveals IPL Brand Valuation Report from Duff & Phelps, A Kroll Business Key report findings include: ♣ The IPL ecosystem value has decreased by 3.6% to INR 45,800 crore in 2020 from INR 47,500 crore in 2019. ♣ Mumbai Indians retained the top spot in the […]

Testing of imported food products at FSSAI notified laboratories

March 10, 2021 2634 Views 0 comment Print

Attention is invited to Instruction No. 01/2020 dated 12.02.2020 on the above-mentioned subject. Vide this Instruction, it was stated that vide notification dated 09.10.2019, FSSAI had notified Authorised officers at 150 food import Points of Entries (PoEs) under Section 25 read with Section 47 (5) of FSS Act and Regulation 13(1) of FSS (Import) Regulations, 2017.

Consultation Paper on Proposed IFSC Authority (Issuance & Listing of Securities) Regulations, 2021

March 10, 2021 1563 Views 0 comment Print

Consultation Paper on Proposed International Financial Services Centres Authority (Issuance and Listing of Securities) Regulations, 2021

The Major Disadvantages of Bad Credit

March 10, 2021 1500 Views 5 comments Print

Ideally, all the decisions we make in life involve considering both the pros and cons of possible outcomes. Check out the article written by Ali Sami Farooq to know more. Most things in life have both positive and negative sides, and our actions should be – though not always – based on the fact that […]

Buy Back of Shares/Securities under Companies Act & SEBI Regulations

March 10, 2021 37842 Views 0 comment Print

Buy Back of Shares/Securities As Per Companies Act And SEBI Regulations (Buy Back of Securities) 2018  Statutory Provisions of Buy-Back of Shares as Per Companies Act 2013 and SEBI Act SEBI Regulations (Buy Back of Securities) 2018 Criteria Tender Offer Stock Market Book-Building Meaning Buy-back by a Letter of Offer to shareholders @ Fixed Price […]

ITAT allows Employee’s Contribution to PF/EPF paid after Due Date

March 10, 2021 1803 Views 0 comment Print

Doosan Power Systems India P.Ltd. Vs DCIT (ITAT Chennai) We find that issue of belated payment of employees contribution to PF & ESI is allowable expenditure u/s.43B of the Act or not is no longer res integra. The Hon’ble Supreme Court in the case of M/s.Vinay Cements Ltd. (supra) and also in the case of […]

SC: Exclude Period from 15.03.2020 to 14.03.2021 in computing Limitation Period

March 10, 2021 2610 Views 1 comment Print

[Suo motu Writ Petition (Civil) No. 3 of 2020, In Re: Cognizance for Extension of Limitation] The Supreme Court on 08th March, 2021 decided to end the extended limitation period granted to litigants for filing appeals. A Bench led by Chief Justice of India (CJI) S.A. Bobde, on March 23 last year, invoked its extraordinary […]

IAMAI Urge Government against ban on Cryptocurrency & to build consensus 

March 10, 2021 672 Views 0 comment Print

IAMAI today appealed to the Government of India not to ban cryptocurrency, proposing to develop robust mechanisms to regulate the ecosystem. Cryptocurrency has been generating jobs across a variety of functions — legal, compliance, tech, marketing, business development, finance, etc. — in India and abroad. Given the scale and diversity, the good governance and regulation of the cryptocurrency ecosystem in India is critical and will give impetus to the Government of India’s Digital India vision. 

In case of import of goods on CIF basis GST Payable under RCM on Ocean freight

March 10, 2021 2247 Views 0 comment Print

In re Sangal Papers Limited (GST AAAR Uttar Pradesh) Q-1 As regard to the question of the Applicant that When the GST has been paid on the freight in the case of indigenous supplies, Whether the supplier is required to pay again GST  on the freight under RCM, we are of the opinion that the […]

GST applicable on Sinking Fund collecting by Residential Society from Members

March 10, 2021 13197 Views 0 comment Print

In re Olety Landmark Apartment Owner’s Association (GST AAR Karnataka) Whether the Applicant is liable to pay GST on amounts which it collects from its members for setting up the ‘Sinking Fund’/Corpus Fund? The amounts collected by the applicant towards Sinking Fund amount to advances meant for future supply of services to members, covered under […]

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