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Archive: 20 July 2021

Posts in 20 July 2021

Sunset Review investigation on imports of ‘Barium Carbonate’

July 20, 2021 657 Views 0 comment Print

Case No. (AD SSR) 27/2020 Sunset Review investigation concerning imports of ‘Barium Carbonate’ originating in or exported from China PR

23 measures taken by MCA to fight COVID-19 pandemic

July 20, 2021 951 Views 1 comment Print

Ministry of Corporate Affairs Various measures taken by Ministry of Corporate Affairs (MCA) to fight COVID-19 pandemic Posted On: 20 JUL 2021 The Ministry of Corporate Affairs (MCA) primarily administers the provisions of the Companies Act, 2013 (the Act), the Limited Liability Partnership Act, 2008 and the Insolvency and Bankruptcy Code, 2016. This was stated […]

Abolition of Savings Bank Aptitude Test

July 20, 2021 348 Views 0 comment Print

The Savings Bank Allowance had been introduced on 01.05.1989, and was paid to the Postal Assistants working in the SB Branches of the Post Offices. The allowance was admissible only to those Postal Assistants who were selected to be posted in SB Branch having at least 5 years service with good record and pass the aptitude test / such other test as may be prescribed from time to time for posting in the SB Branch.

Filling of fresh ‘Account Opening Form’ during closure of account with Post Office

July 20, 2021 3438 Views 0 comment Print

This office is receiving various representations from the depositors that post offices are forcing them for filling of fresh ‘Account Opening Form’ at the time of account closure/premature closure due to non availability/traceability of SB-3/AOF.

HC directs Official Liquidator to pay unsecured creditor with 4% interest

July 20, 2021 1509 Views 0 comment Print

Govt of India Vs Mewar Textiles And Ors (Rajasthan High Court, Jodhpur Bench) The instant application has been filed by the applicant who is an unsecured creditor and seeks claim of settling subsequent claim to be winding up in accordance with law alongwith interest on the belated payment. The Official Liquidator present in the Court […]

How 5 minutes a day can change your daily life

July 20, 2021 5691 Views 2 comments Print

Covering points ♦ 5 Minutes of daily life! ♦ Examples we can relate to! ♦ Start with 5 minutes a day! ♦ Actions you can take today! ♦ You can fit into Life’ little moments! 5 Minutes of daily life! ♦ After all, when you scroll down on the social media feed, half an hour […]

All about Crypto Currency (Rules, definition, method & eligibility)

July 20, 2021 7632 Views 1 comment Print

Any payment made or received in connection with a transaction of crypto currency by an Indian Resident with a person with above category will be considered as payment in the context of foreign trade and would fall under the classification of ‘Current Account Transaction’ under the FEMA.

LMPC Certification

July 20, 2021 22038 Views 0 comment Print

 LMPC Certification Customs Authorities are getting stricter regarding the implementation of Legal Metrology laws on businesses in India. No person can import any weight or measure, unless he obtains an importer certificate under section 19 of Legal Metrology Act, 2009. The purpose of these certifications is to provide a level playing field to some or […]

Concept of Service PE and Key Judgements

July 20, 2021 44460 Views 0 comment Print

1. Concept of PE – Introduction 1. PE is primarily a concept relevant from tax treaty perspective. Under a treaty regime, business profits are ordinarily taxable in the country of residence except when there exists a PE in source country. 2. Article 5(1) U.N. Model Tax Convention and OECD Model Convention– Basic rule PE “a […]

Instant Bank Account Verification for enhanced due diligence under Exit/Withdrawal process of NPS

July 20, 2021 480 Views 0 comment Print

Growing Subscribers’ base, geographically wide spread service providers and the large-scale adoption of digital interventions necessitate the importance of verifying the beneficiary’s bank account number of the Subscribers independently not only to ensure that the amount is received by the rightful beneficiary whose Bank Account is active but also to ensure that amount is remitted within in the specified timelines.

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