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Archive: August, 2021

Posts in August, 2021

Change In Registered Office of The Company

August 6, 2021 19665 Views 0 comment Print

As per Section 12 of the Companies Act, 2013, any Change in the Registered Office of the Company, shall be reported to Ministry of Corporate Affairs, further many companies due to various reasons tend to change their Registered Office of the company. A. PROCESS OF SHIFTING OF REGISTERED OFFICE WITHIN LOCAL LIMITS OF THE CITY. […]

ICSI Convocation of Western Region at Ahmedabad on 28th August, 2021

August 6, 2021 3338 Views 0 comment Print

The Institute of Company Secretaries of India ICSI Convocation of Western Region at Ahmedabad on 28th August, 2021 The Institute is organizing Convocation of the Western Region for awarding the certificate of membership to its Associate and Fellow members admitted during the period from 1st October, 2020 to 31st March, 2021 and also to award […]

Are past statutory liabilities get wiped out after Resolution Order by NCLT?

August 6, 2021 4563 Views 1 comment Print

Do all past statutory liabilities get wiped out after the Resolution Order by the NCLT ? Though the whole idea of the Insolvency & Bankruptcy Code (I&B Code) is based on ‘Yes’ as the answer to the above headline question, the law enforcement agencies, in absence any finality to the interpretation of law on this […]

Conditions to apply for Research Analyst Registration with SEBI

August 6, 2021 49768 Views 18 comments Print

Any person who wishes to act as a Research Analyst must apply to SEBI for registration before undertaking any activity as Research Analyst. In order to proceed with the application you must ensure that you are falling under the purview of SEBI (Research Analyst) Regulations, 2014 (RA Regulations). Otherwise, you are not required to apply. […]

Final IRDAI Order in the matter of Corporation Bank, Corporate Agent

August 6, 2021 3823 Views 0 comment Print

Bank is having Corp Mediclaim Product group health insurance tie up with the New India Assurance Company limited to fulfill the health insurance requirements of bank account holders. The CA requested the New India insurance company (NIACL) about rectification of wrong group size.

6 Key decision taken by SEBI Board in its meeting on 06th August 2021

August 6, 2021 1815 Views 0 comment Print

1. The companies will be allowed to provide share based employee benefits to employees, who are exclusively working for such company or any of its group companies including its subsidiary or its associate. 2. The companies will have flexibility in switching the administration of their schemes from the trust route to the direct route and vice versa with the approval of the shareholders, subject to the condition that the switch is not prejudicial to the interest of the employees.

Transition from LIBOR to an alternative reference rate shall not be treated as restructuring of derivative contract

August 6, 2021 684 Views 0 comment Print

It is clarified that change in the terms of a derivative contract on account of change in reference rate necessitated due to transition from LIBOR to an alternative reference rate shall not be treated as restructuring of the derivative contract provided all other parameters of the original contract remain unchanged.

Services of construction of R&R Colony taxable under Works Contract Service

August 6, 2021 2238 Views 0 comment Print

In re Adani Enterprises Limited (GST AAR Madhya Pradesh) Q1.  Whether the services of construction of the R&R Colony supplied by the Applicant would be taxed as a part of the composite supply of mining service or the same would be taxed separately as a supply of works contract service. In respect of 1st question, […]

GST leviable on residential land provided on lease basis

August 6, 2021 2241 Views 0 comment Print

In re Gwalior Development Authority (GST AAR Madhya Pradesh) Q1. We are providing residential land on lease basis for which we are charging or receiving lease premium whether GST is leviable or not? It is well accepted that in the case of ambiguity in a provision of law, the interpretation shall be liberal. However, in […]

GST on Supply of LPG & Related services to industrial users

August 6, 2021 4281 Views 0 comment Print

In re SHV Energy Private Limited (GST AAR Telangana) 1. Whether sale of LPG, Collection of Take or Pay Charges for not lifting minimum assured quantity and rental charges for Supplier Gas System installed at the customer premises to store the LPG which is a condition precedent for supply of LPG be treated as composite supply […]

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