"16 May 2021" Archive

Homoeopathy Central Council (Amendment) Ordinance, 2021

Notification No. 6 OF 2021 16/05/2021

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi the 16th May, 2021 THE HOMOEOPATHY CENTRAL COUNCIL (AMENDMENT) ORDINANCE, 2021 NO. 6 OF 2021 Promulgated by the President in the Seventy-second Year of the Republic of India. An Ordinance further to amend the Homoeopathy Central Council Act, 1973. WHEREAS Parliament is not in ...

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43rd GST Council Meeting on 28th May 2021

43rd GST Council Meeting 28th May 2021, 11 am via Video Conference Finance Minister Mrs Nirmala Sitaraman will chair the council along with the presence of Finance Ministers of States & UTs and Senior officers from Union Government & States....

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Posted Under: Corporate Law |

Form GSTR-2B to be Generated on 29th May 2021

As the last date of filing GSTR-1 for April, 2021 has been extended up to 26th May, 2021 and IFF up to 28th May, 2021, the GSTR-2B for April, 2021 shall be generated on 29th May, 2021. Source- https://www.gst.gov.in/...

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Posted Under: Corporate Law |

Reopening of Assessment Beyond the Period of Four Years

Article on Reopening of Assessment Beyond Period of Four Years when Assessment Already Finalised Under Section 143(3) and All Material Facts Disclosed During Assessment Proceedings It is a trite law that when a statute provides a particular thing to be done in particular manner then the same has to be done in that manner only […]...

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Posted Under: Corporate Law |

Key Highlights of Recent Amendments in SEBI (LODR) Regulations 2015

Key Highlights of Recent Amendments in SEBI (LODR) Regulations 2015 Vide Notification of SEBI (LODR) (Second Amendment) Regulations, 2021 Effective From 6th May, 2021 1. APPLICABILITY OF THE REGULATIONS The provisions of SEBI LODR regulations which become applicable to listed entities on the basis of market capitalisation criteria shall c...

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Posted Under: Corporate Law |

Majority Rule & Minority Protection under Companies Act, 2013

FOSS VS. HARBOTTLE (Hereinafter referred as Foss rule) Facts: F and T, two shareholders of a company brought an action on behalf of themselves and all other shareholders against directors and solicitors of company, alleging that Directors and solicitor’s carried illegal transaction thereby causing losses to the company. The transactions...

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Posted Under: Corporate Law |

CDSCO Advisory On Use of Oxygen Concentrators in home setting

F.No. 18-04/2021-DC 16/05/2021

Oxygen concentrator is an electrically powered medical device designed to concentrate oxygen from ambient air. These devices deliver oxygen at the bedside, typically through an attached nasal cannula (or prongs), to a patient requiring oxygen therapy. The intended use or clinical purpose of oxygen concentrators is the delivery of low-flow...

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Detailed information on LLP For Business Environment & Law – Part 2

Limited Liability Partnership (LLP) – The Limited Liability Partnership Act 2008. In this article, we will discuss specific partner topics, LLP formation, partners and relationships, and their level of responsibility and partner contribution. Financial Audit / Disclosure, LLP Foreign, from Legal Element relating to Partnerships and LLP ...

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Posted Under: Corporate Law |

External Commercial Borrowings Framework

Introduction External Commercial Borrowings (ECB) are the borrowings taken by an eligible entity in India for commercial purpose from any recognized entity outside India. As funding by the companies through debt has been traditionally been a preferred mode of funding due to inherent advantages such as security creation, minimum guaranteed...

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Posted Under: Corporate Law |

CSR Policy Amendment Rules 2021 and CSR Amendments in Companies (Amendment) Act, 2020

CSR Policy Amendment Rules 2021 And CSR Amendments in Companies (Amendment) Act, 2020 INTRODUCTION The Ministry had set up a High-Level Committee on CSR in 2018 chaired by then Secretary, Corporate Affairs Injeti Srinivas for amending the law aimed to strengthen the Corporate Social Responsibility ecosystem, by improving and strengthening...

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Posted Under: Corporate Law |

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