"06 May 2021" Archive

Courts must be open not Faceless: SC

Chief Election Commissioner of India Vs M.R Vijayabhaskar & Ors. (Supreme Court of India)

Chief Election Commissioner of India Vs M.R Vijayabhaskar & Ors. (Supreme Court of India) Courts must be open both in the physical and metaphorical sense. Save and except for in-camera proceedings in an exceptional category of cases, such as cases involving child sexual abuse or matrimonial proceedings bearing on matters of marital pr...

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CBIC Notifies Rate of Exchange of Foreign Currencies Wef 16.04.2021

Notification No.46/2021 - Customs (N.T.) 06/05/2021

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 7th May, 2021, vide Notification No. 46/2021-Customs (N.T.), Dated: 6thMay, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 46/2021 – Customs (N.T.) Ne...

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GST Council Secretariat Newsletter – April 2021

GST Revenue for April 2021 The gross GST revenue collected in the month of April, 2021 is at a record high of Rs. 1,41,384 crores, out of which, CGST is Rs. 27,837 crores, SGST is Rs. 35,621 crores, IGST is Rs 68,481 crores (including Rs. 29,599 crores collected on import of goods) and Cess is […]...

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Posted Under: Corporate Law |

IRDAI fines Shriram General Insurance Company Limited

Ref. No: IRDA/ENF/ORD/ONS/123/05/2021 06/05/2021

Considering violations noticed in case of 6 sample cases, as per Section 102(b) of Insurance Act, 1938; IRDAI levies a penalty of Rs.6,00,000 (Rs.Six Lakh) on Shriram General Insurance Company Limited....

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Bombay HC kept Faceless Assessment Order In Abeyance

Praful M. Shah Vs National Faceless Assessment & Ors. (Bombay High Court)

Praful M. Shah Vs National Faceless Assessment & Ors. (Bombay High Court) It was alleged by petitioner that Assessment Order was passed by National E Assessment Centre without granting an opportunity to be heard and A Writ Petition was filed in the Bombay High Court against such order. Petitioner claimed that The impugned order is [&h...

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Exclusion of ‘Lakshmi Vilas Bank’ from Second Schedule to RBI Act, 1934

Circular No. RBI/2021-22/33 DoR.RET.REC.14/12.07.150/2021-22 06/05/2021

We advise that the Lakshmi Vilas Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part III - Section 4) dated January 16 – January 22, 2021...

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Technical Group Report on Social Stock Exchange for comments

Press Release No. 17/2021-SEBI 06/05/2021

SEBI seeks public comments on the Report Submitted by the Technical Group on Social Stock Exchange - The Technical Group has since finalized and submitted its report to SEBI. It has built upon the recommendations made earlier by the WG....

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CBDT amends Income Tax Notification No. 16/2015 dated 16.02.2015

Notification No. 49/2021-Income Tax [S.O. 1767(E).] 06/05/2021

CBDT amends vide Notification No. 16/2015 dated 16.02.2015 which  CBDT notified ‘ Godrej Agrovet Limited – Agricultural Inputs Extension Project‘ under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules,1962. CBDT now amends the same vide Notification No. 49/2021 -Income ...

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DC may allow SEZ unit to work from home amid Covid-19: Govt

No. K.43013(12)1/2021-SEZ 06/05/2021

DCs may consider the requests from the industry and approve the extension of WFH facility in a liberal manner till such time when National Disaster Management Authority or State Government continues to issue orders governing this pandemic management....

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CBDT amends Income Tax Notification No. 15/2015 dated 16.02.2015

Notification No. 48/2021-Income Tax [S.O. 1766(E).] 06/05/2021

CBDT amends Notification No. 15/2015 dated 16.02.2015 vide which  CBDT notified ‘Godrej Agrovet Limited Animal Feed Extension Project‘ under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules,1962. CBDT now amends the same vide Notification No. 48/2021 -Income Tax Dated...

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