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Archive: 25 May 2021

Posts in 25 May 2021

Renting/Leasing of vacant land used for fish farming is exempt under GST

May 25, 2021 4731 Views 0 comment Print

In re Chellanam Grama Panchayath (GST AAR Kerala) Lease rent charged by Municipality / Panchayath for land i.e., water channel used for fish farming falls within the meaning of ‘services relating to rearing of all life forms of animals- by way of renting or leasing of vacant land’ eligible for GST exemption as per SI.No.54 […]

Advance ruling cannot be obtained on applicability of provisions of Section 51 to a third person

May 25, 2021 429 Views 0 comment Print

In re Jimmy Antony, M/s. Jimraj Industries (GST AAR Kerala) In the instant case the first and the fifth question raised by the applicant pertains to the applicability of the provisions of Section 51 of the CGST Act to a third person namely; Kerala Agro Machinery Corporation Ltd. As discussed above, the provisions of the […]

SC Upholds IBC 2016 Provisions on Insolvency of Personal Guarantors

May 25, 2021 807 Views 0 comment Print

Supreme Court Upholds Provisions of Insolvency And Bankruptcy Code on Insolvency of Personal Guarantors The Supreme Court in Lalit Kumar Jain vs UOI & Ors (Judgement) has upheld the validity of the notification dated November 15, 2019 (Notification). The Notification had brought into force certain provisions along with the rules under the Insolvency and Bankruptcy […]

Whether an Unregistered Gift Deed is a Valid Gift in Case of Mohammedans

May 25, 2021 22800 Views 0 comment Print

The primary question sought to be dealt with in this article is whether an unregistered gift pertaining to immovable property is a valid gift in the case of Mohammedans. To answer this, relevant provisions of the Transfer of Property Act, 1882, the Registration Act, 1908, Mohammedan Law and judgments of various courts have been examined […]

ICSI: Last date for payment of Licentiate fee in FY 2021-22 extended

May 25, 2021 1197 Views 0 comment Print

Institute with the approval of the Council had requested the Ministry of Corporate Affairs to consider extension in the last date for payment of Licentiate fee in FY 2021-22 from 30th June, 2021 to 30th September, 2021.

Note on Preference Shares – Companies Act, 2013

May 25, 2021 47178 Views 0 comment Print

What is Preference Share? Preference share capital means a part of share capital which carries or would carry a preferential right with respect to: √ Payment of dividends, either as a fixed amount or amount calculated at a fixed rate and √ repayment, in the case of a winding up [Section 43] Types of Preference […]

CDSCO (Central Drugs Standard Control Organization)

May 25, 2021 6243 Views 1 comment Print

CDSCO is controlled and regulated by the Directorate General of Health Services, which is part of the Government of India’s ministry of health and family welfare. The Central Drugs Standard Control Organization is headquartered in New Delhi and operates several zonal offices across the country. Additionally, CDSCO collaborates together with Central Drug Laboratories to conduct quality management studies.

Bicycles- Retro Reflective Devices (Quality Control) Order, 2021

May 25, 2021 1263 Views 0 comment Print

Goods or articles specified in the column (1) of the Table 1 shall conform to the corresponding Indian Standard mentioned in the column (2) of the said Table and shall bear the Standard Mark under a license from the Bureau as per Scheme-I of Schedule-II of Bureau of Indian Standards (Conformity Assessment) Regulations, 2018.

ICSI extends Last date for payment of membership and CoP fee

May 25, 2021 3071 Views 0 comment Print

ICSI extends last date for payment of annual membership fee and certificate of practice (CoP) fee in FY 2021-22 from 30th June, 2021 to 30th September, 2021.

Conversion of Govt. of India securities – RBI Instructions

May 25, 2021 1737 Views 0 comment Print

The Government of India announces the conversion/switch of its securities through auction for an aggregate amount of >20,000 crore (face value). The security wise details of the conversion/switch are given in RBI web site as per details given below. Yes, believe it, the term of GOI securities range from 10 years to 40 years. https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR202GOI6C0B24F7F4814510A950379CF77F6555.PDF […]

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