2 Archive - 08 July 2021

"08 July 2021" Archive

RTI reveals No Penalty from Infosys for GSTN Portal incompetency

Due to non function and technical issue due to incompetency of GSTN Portal which is managed by the Infosys since July 2017, how much penalty received by the GST Council from Infosys from July 2017 to till date....

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Can GST be a good and simple tax in India?

Since GST has been introduced in the country, we have seen number of amendments some of them from retrospective effect. Some of the provisions in GST Acts, are practically not possible to implement and has raised hue and cry. Many have been challenged in court of law....

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Chartered Accountants (Amendment) Regulations, 2021

Notification No. 1-CA(7)/197/2021 08/07/2021

ICAI notifies Revised FORM 18; Allows Partnership with CA, CS, CMA etc. ICAI vide Notification No. 1-CA(7)/197/2021 dated 8th July, 2021 notifies revised format of FORM 18 which is a form to Intimate PARTICULARS OF OFFICES AND FIRMS and Changes in the same. Revised form 18 is applicable from 8th July 2021. Regulation by which […]...

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Roadmap for LIBOR Transition

Notification No. RBI/2021-22/69 CO.FMRD.DIRD.S39/14.02.001/2021-22/Press Release: 2021-2022/505 08/07/2021

RBI issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from London Interbank Offered Rate (LIBOR)....

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Review of Advance Intimation timelines for modifications in contract specifications of commodity derivatives contracts

Notification No. SEBI/HO/CDMRD_DOP/P/CIR/2021 /592 08/07/2021

Securities and Exchange Board of India Circular No.: SEBI/HO/CDMRD_DoP/P/CIR/2021/592 Dated: July 08, 2021 The Managing Directors / Chief Executive Officers All Recognized Stock Exchanges having Commodity Derivatives Segment Dear Sir / Madam, Sub: Review of Advance Intimation timelines for modifications in the contract specifications of c...

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Review of SEBI Sweat Equity and SBEB Regulations | Discussion Paper

SEBI (Issue of Sweat Equity) Regulations, 2002 (in short 'Sweat Equity Regulations') and SEBI (Share Based employee benefits) Regulations, 2014 (in short 'SBEB Regulations') were notified on September 24, 2002 and October 28, 2014 respectively....

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Acceptance & issuance of claims under MEIS, SEIS, ROSL, ROSCTL on hold

Trade Notices No. 08/2021-22-DGFT 08/07/2021

issuance of benefits/scrips under MEIS, SEIS, ROSL and ROSCTL Schemes would be on hold for a temporary period due to changes in the allocation procedure. During this period, no fresh applications would be allowed to be submitted at the online IT module of DGFT for these schemes and all submitted applications pending for issuance of scrips...

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Where to Invest Money in India Now – Booming Market & Money Making

General believe lies among several goes saying Stock Market is very unstable, turbulent, uncertain, gamble and nobody likes taking risks in terms of hard earned money. But the truth lies in fact It has given Extraordinary returns to discipline Investors who understood the power of compounding at Early age and shown good character in inves...

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Form MGT-9: Required or not? -analysis

There’s a confusion amongst Professionals regarding requirement of preparing form MGT-9 for F.Y. 2020-21. For that matter, let’s take into consideration the developments made by the Ministry from time to time. 1. Section 36 of the Companies (Amendment) Act, 2017 notified vide notification no. S.O. 3838(E) Dated 31st July 2018. Secti...

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Know everything about Arbitration and Conciliation Act,1996

In the past, even before courts were established, people used to settle their problems with the help of a third party if they had a dispute. Courts are then established, and adequate dispute resolution procedures are in place. Eventually, the population increased, and many cases were pending in court, and cases increased, and after days [...

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