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Archive: 25 June 2021

Posts in 25 June 2021

Mukesh Ambani’s speech at RIL AGM 2021

June 25, 2021 1554 Views 0 comment Print

We Care – The Mantra That Energises New Reliance CHAIRMAN’S STATEMENT 44th Annual General Meeting (Post-IPO) Thursday, June 24, 2021 Reliance Industries Limited Growth is Life My Dear Shareowners, A very warm welcome to each and every one of you. It gives me great pleasure to greet you all at the 44 Annual General Meeting […]

Last date of payment under Vivad se Vishwas extended

June 25, 2021 23340 Views 0 comment Print

Last date of payment of amount under Vivad se Vishwas (without additional amount) which was earlier extended to 30th June, 2021 is further extended to 31st August, 2021. Last date of payment of amount under Vivad se Vishwas (with additional amount) has been notified as 31st October, 2021. Also Read: CBDT issues Notification extending various […]

Justice Ahuja’s dissenting judgement: Upheld constitutional validity of Section 13(8)(b) of IGST Act

June 25, 2021 6672 Views 2 comments Print

The Hon’ble Bombay HC in Dharmendra M. Jani v. Union of India [W.P.  No. 2031 of 2018 dated June 09, 2021] Justice Ujjal Bhuyan held that Section 13(8)(b) of the Integrated Goods and Services Act, 2017 (IGST Act) is ultra vires of Articles 14, 19, 245, 246, 246A, 269A and 286 of the Constitution of India (Constitution) and also […]

Effectiveness of Audit Committee

June 25, 2021 3027 Views 0 comment Print

Savita Joshi ‘Mutual Fund Sahi Hai’ This tagline has been the driving force amongst small investors to start SIP in hope of amassing a fortune. However, internationally and nationally since the 90s,the world has experienced scams such as Enron, Worldcom and our very own infamous big bull Mr. Harshad Mehta. These frauds have resulted in […]

ITAT directs CIT(E) to pass speaking order after considering submission & following Principal of Natural Justice

June 25, 2021 1014 Views 0 comment Print

Shree Digamber Jain Shiksha Samiti Vs CIT (E) (ITAT Agra) ITAT considered the rival contention of the parties and perused the material available on record, including the judgments cited at bar during the course of hearing by both the parties. As is evident from the paper book filed before us that the assessee has provided […]

Service Tax Refund | Date of reversal should be considered as date of payment | Cancellation of Flat Booking

June 25, 2021 2328 Views 0 comment Print

Ramesh Kumar Agarwal Vs Commissioner of Central Excise & Central GST (CESTAT Delhi) Coming to the plea of issue being barred by time, I hold that no doubt the service tax was deposited by the appellant on 4th October, 2016 and 24 October, 2016 and the refund claim has been filed on 7th May, 2018 […]

Action(s) to be initiated against listed companies for non-payment of outstanding Annual Listing Fees

June 25, 2021 10614 Views 0 comment Print

All listed entities are requested to take a note that as per the directions of Securities Exchange Board of India (SEBI) regarding Standard Operating Procedure (SOP) on actions for non-payment of Annual Listing Fees (ALF), following actions shall be taken if a listed entity fails to pay the outstanding ALF

Reg. Alignment of interest of Key Employees of AMCs with MF Schemes Unitholders

June 25, 2021 540 Views 0 comment Print

Circular on Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes was to be applicable with effect from July 01, 2021. However, based on the feedback received from stakeholders, it has been decided to extend the date of implementation of the circular to October 01, 2021.

Prudential norms for liquidity risk management for open ended debt schemes

June 25, 2021 1071 Views 0 comment Print

For all regulatory limit calculations other than Asset Allocation Limits (e.g. for Macaulay Duration, Risk-o-meter, investment restrictions pertaining to issuer, sector and group), the base to be considered is 100% of Net Assets.

RBI (Call, Notice and Term Money Markets) Directions, 2021

June 25, 2021 564 Views 0 comment Print

Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021- On a review based on representations received, the prudential borrowing limits for transactions in Call, Notice and Term Money Markets have been revised.

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