"17 April 2021" Archive

Piyush Goyal attacks Maharashtra CM over Lack of oxygen issue

Shri Piyush Goyal says Maharashtra has so far received the highest quantity of Oxygen in India; Currently producing 110% of Oxygen generating capacity and diverting all available Oxygen from industrial use to medical use: Shri Goyal...

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Posted Under: Corporate Law |

The Jigsaw of Pre-Packaged Insolvency for MSMEs

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 was promulgated by the President on the Fourth day of April 2021. The Ordinance has been introduced with the intent to provide an efficient alternative insolvency resolution process for corporate persons classified as micro, small and medium enterprises (MSMEs) thus ensuring a...

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Posted Under: Corporate Law |

NCLAT Judgement Summary for the Month of March, 2021

NCLAT JUDGEMENT SUMMARY FOR THE MONTH OF MARCH’ 2021 ON IBC, 2016 It gives us immense pleasure to share our 1st Edition of NCLAT Judgement Summary for the month of March’ 2021 covering summary/ gist of finding of the Hon’ble NCLAT. The Judgement summary prepared by us is for the purpose of understanding in short […]...

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Posted Under: Corporate Law |

De-linking of Debit Notes for ITC – A Judicial perspective

Amended Section 16(4) to de-link ITC on Debit Note with Invoice fails to get stamping of Gujarat AAR in case of M/s I-Tech Plast Input tax credit is a beneficial piece of legislation but subject to various conditions and limitations prescribed under Section 16 and 17 of CGST Act, 2017. One of the conditions contained […]...

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Posted Under: Corporate Law |

Liability to pay in certain cases under Central Goods and Services Tax Act, 2017

Liability to pay in certain cases under Central Goods and Services Tax (CGST) Act, 2017 Chapter XVI of the Central Goods and Services Tax Act, 2017 deals with liability to pay tax in certain cases, where an amount is due under the GST regime (Tax, Interest, and Penalty) which cannot be recovered from the taxpayer […]...

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Posted Under: Corporate Law |

Time period of realisation of Export Proceeds under FEMA

A. P. (DIR SERIES 2019-20) Circular No. 27 01/04/2020

FEMA UPDATE > Temporary relaxation in time period of realisation of Export Proceeds- – The Government of India as well as the Reserve Bank has been receiving representations from Exporters Trade bodies to extend the period of realisation of export proceeds in view of the outbreak of pandemic COVID- 19. – It has, therefore, ...

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Posted Under: Corporate Law |

FSSAI Registration License requirement, Validity, Fees & Process

FSSAI stands for Food Safety and Standards Authority of India. every food operator involved in manufacturing, processing, distribution of food in India must need to obtain FSSAI registration or license. it ensures that the food product undergoes with quality checks it reduces the chance of food adulteration. FSSAI registration is required...

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Posted Under: Corporate Law |

Some Important Aspects of HUF under Income Tax Act 1961

HUF means HINDU UNDIVIDED FAMILY. HUF is taxed separately from an individual i.e. its members. Only Hindu, Janis, Buddhists and Sikhs family can come together and form a HUF. HUF is a separate entity under the Income Tax Act and has its own PAN and files Income Tax Returns independent of its member. Hindu Succession […]...

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Posted Under: Corporate Law |

Mumbai CP mandates Sticker on Vehicles to restrict Movement

CP/X1(6)/144/(Prohibitory Order)/2021 17/04/2021

Mumbai Police Commissioner prohibits movement of any person in public using any vehicle, unless a sticker (Red, Green, Yellow colour) of circular shape of 6 inches diameter of the following description is affixed visibly on the front screen and rear screen of the vehicle, and in the case of two-wheelers on a visible portion on […]...

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Trade Union & Dispute Settlement under Industrial Relation Code 2020

Trade Union & Dispute Settlement under Industrial Relation Code 2020.  On September 28th, the Lok Sabha passed 3 new labour codes namely  the Industrial Relations Code, 2020, the Occupational Safety, Health and Working Conditions Code, 2020 and the Code on Social Security, 2020 among which Industrial Relations Code has encompassed T...

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Posted Under: Corporate Law |

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