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Archive: 08 April 2021

Posts in 08 April 2021

IRDAI Regulatory Updates –For Quarter Ended 31st March 2021

April 8, 2021 3000 Views 0 comment Print

The IRDAI and Insurance Law updates provides synopsis of the introduction, amendments and changes brought by the Government and IRDAI in the previous quarter ended on (31st March 2021) is being published in this bulletin. 1. IRDAI has issued Circular No. IRDA/ACT/CIR/MISC/001/01/2021 dated 1st January,2021 for providing clarification on IRDAI(Assets, Liabilities and Solvency Margin of […]

Understand the concept of ‘Contract of Employment’ & ‘Contract for Employment’

April 8, 2021 19548 Views 1 comment Print

It is very much important to Understand the concept of ‘Contract of Employment’ and ‘Contract for Employment’. You can relate these concepts in different context and cases. What is “Contract of Employment” and “Contract for Employment” Contract of employment: In a contract of employment there is an employer and an employee relationship between the parties. […]

New form for application for registration of Charitable or Religious Trusts or Institutions

April 8, 2021 26901 Views 0 comment Print

New form for application for registration of Charitable or Religious Trusts or Institutions In the Union Budget of 2020, Government proposed significant changes in the registration procedure of Charitable or Religious Trusts/ Institutions or Educational Institutions which are registered under section 12AA of the Income Tax Act. The above amendment was subsequently made part of […]

XBRL based Annual Secretarial Compliance Report filings for Listed Companies at NSE

April 8, 2021 4143 Views 0 comment Print

The Exchange has introduced facility of filing of Annual Secretarial Compliance Report under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 in XBRL mode in addition to the filing in PDF mode.

Exploring Online Term Insurance Plans? Know These X Features Before Buying

April 8, 2021 3570 Views 0 comment Print

Unimaginable situations can take place at any given hour. Such circumstances may cause havoc in your as well as your loved ones’ life. We hope not, but say something serious happens to you? Whether be it a critical illness or an accident, all your plans for the near future may get disrupted, and your loved […]

Revenue cannot decide what is ‘commercial expediency’ for Business

April 8, 2021 12813 Views 0 comment Print

DCIT Vs Deloitee Haskins and Sells (ITAT Ahmedabad) The first controversy that arises for our adjudication whether the interest free advances were given by the assessee to its group concern as a measure of commercial expediency in the given facts and circumstances. The expression “commercial expediency” refers to those transactions/ expenditures which are not required […]

CBIC amends 6 Excise notifications to give effect to Finance Act, 2021

April 8, 2021 1041 Views 0 comment Print

Seeks to amend central excise notification No.28/2002-Central Excise, dated the 13th May, 2002, 11/2017-Central Excise, dated the 30th June, 2017, 10/2018-Central Excise, dated the 2nd February, 2018 , 11/2018- Central Excise, dated the 2nd February, 2018, 12/2018- Central Excise, dated the 2nd February, 2018 and 13/2018- Central Excise, dated the 2nd February, 2018 to make […]

CBIC amends 6 Custom notifications to give effect to Finance Act, 2021

April 8, 2021 1158 Views 0 comment Print

Seeks to amend customs notification No. 101/2007–Customs, dated the 11th September, 2007, notification No. 96/2008-Customs, dated the 13th August, 2008, notification No. 57/2009-Customs, dated the 30th May, 2009, notification No. 50/2018-Customs, dated the 30th June, 2018, notification No.11/2021-Customs, dated the 1st February, 2021 and notification No.13/2021-Customs, dated the 1st February, 2021to make changes consequential to enactment […]

Draft IRDAI (General Insurance Products) Regulations, 2021

April 8, 2021 2451 Views 0 comment Print

Insurance Regulatory and Development Authority Ref. No:2021 | Date:05-04-2021 Comments / suggestions of the stakeholders on draft on IRDAI (General Insurance Products) Regulations, 2021 Currently, General Insurance products are guided by the Guidelines Ref IRDAI/NL/GDL/F&U/030/02/2016 18th February, 2016. 2. Guidelines for product filing have been in vogue since 2000 and have been revised from time to time. […]

MCA Advisory on Filing of Forms

April 8, 2021 4248 Views 0 comment Print

DSC Related Important Messages ♦ In case Stakeholder’s DSC has been expired, they are advised to associate new DSC with MCA as a mandatory step before attaching DSC in any form. ♦ Stakeholders are advised to SAVE the form after attaching DSC and then UPLOAD it to avoid system error. ♦ In case Stakeholders are […]

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