"14 August 2021" Archive - Page 3

Security and Covenant Monitoring’ using Distributed Ledger Technology

Circulars No. SEBI/HO/MIRSD/MIRSD_CRADT/CIR/P/2021/618 13/08/2021

The system shall be used for recording and monitoring of the security created and monitoring of covenants of non-convertible securities. The system shall inter alia capture the process of creation of security (viz. due diligence, charge creation etc.), continuous monitoring of covenants by Debenture Trustees (as applicable), credit rating...

Read More

Rule 89(5) – Restriction on refund of ITC under inverted tax structure- SC reserves order

Union of India Vs Quarry Owners Association (Supreme Court of India)

Union of India Vs Quarry Owners Association (Supreme Court of India) Rule 89(5) – Restriction on refund of ITC under inverted tax structure- SC reserves order Supreme Court reserved the order on constitutional validity and vires of Rule 89(5) of the CGST Rules which  restrict the refund of taxes on input services under inverted tax...

Read More

Lack of opportunity of hearing results in stay of Bank Attachment & Cancellation of Registration

Cheema Local Carrier & Construction Vs Assistant Commissioner SGST (Chhattisgarh High Court)

Cheema Local Carrier & Construction Vs Assistant Commissioner SGST (Chhattisgarh High Court)  Petitioner has filed the current writ petition challenging three issues: Provisional attachment of bank account, Cancellation of registration certificate under Goods and Services Tax (GST); and Input Tax Credit (ITC) being blocked. The Petit...

Read More

Indirect Taxes In India

Taxes are the largest source of revenue for the government. Taxes collected are used for governmental activities with aim of nation-building and its development. As per Article 265 of the Constitution of India, ‘No Tax shall be levied or collected except by authority of law’. India is a federal state where both the Centre and [&hellip...

Read More
Posted Under: SEBI |

Whether Extract of Annual Return (Form MGT-9) required to be attached to Board’s Report?

This write-up covers the effect of the amendments to Section 92(3), 134 (3)(a) of the Companies Act, 2013 and Rule 12 of the Companies (Management and Administration) Rules, 2014 including the latest amendment to Rule 12 with the Companies (Management and Administration) Amendment Rules, 2021 dated 05.03.2021, and addresses the questions-...

Read More
Posted Under: SEBI |

TDS on purchase of goods under Section 194Q (Circular No. 13 of 2021)

TDS on purchase of goods under Section 194Q (Circular No. 13 of 2021) Article covers Section 194Q- TDS on Purchase of Goods. ( Clarifying Guideline ), Section 206C(1H) – TCS on sale of Goods, Section 206AB/206CCA – Higher TDS/TCS Rate For Non Filer of Income Tax Return and Section 194O – TDS on Payments Made […]...

Read More
Posted Under: SEBI |

The Central Universities (Amendment) Act, 2021

Notification No. 27 of 2021 12/08/2021

(1) This Act may be called the Central Universities (Amendment) Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

Read More

IND AS 24 & IAS 24: Related Party Disclosures- Simplified

Ind AS-24: Related Party Disclosures (By incorporating Changes as per Companies (Indian Accounting Standards) Amendments Rules 2021). Each Accounting Standard offers wide variety of practical applications to the stakeholders in respect of full disclosure and transparency. Therefore, I hereby try to summarize various dimensions with regard...

Read More
Posted Under: SEBI |

ICAI extends date for completion of ICITSS (ITT and OC)

13th August, 2021 Announcement Extending the date for completion of ICITSS (ITT and OC) for provisionally registered students through Direct Entry Route for appearing in May, 2022 Intermediate Examination...

Read More
Posted Under: SEBI |

Whether before applying to Magistrate under Section 156(3) Cr.P.C., a person is obliged to make an application under Section 154(3) Cr.P.C.?

Whether before applying to Magistrate under Section 156(3) Cr.P.C., a person is obliged to make an application under Section 154(3) Cr.P.C.? The main question involved in the Civil Appeal No. 1650 of 2020 [Dena Bank (now Bank of Baroda) v C Shivakumar Reddy & Anr.] before the Hon’ble Supreme Court of India was as- First, […]...

Read More
Posted Under: SEBI |

Search Posts by Date

December 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031