"12 November 2021" Archive

Replication & Subsequent Pleadings Under Civil Procedure Code, 1908

One crucial question is when does the pleading under Civil Procedure Code, 1908 (CPC) can be deemed to have been complete? Does filing of subsequent pleading after filing of Written Statement be permissible? Generally, Pleadings are completed when Defendant files its Written Statement (“WS”). However, the Order VIII Rule 9 permits the...

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Posted Under: Corporate Law |

Checklist for Voluntary Delisting of shares from Stock Exchanges

Such delisting should not be pursuant to buyback of equity shares by the company or should not be pursuant to a preferential allotment made by the company unless a period of six months has elapsed from the date of completion of such buyback/ date of such allotment....

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Posted Under: Corporate Law |

The missing report for ‘competency’ in legal aid extended to Disha Ravi?

The missing report for ‘competency’ in legal aid extended to Disha Ravi?- News Video by NDTV India questions the free legal aid of DSLSA/DLSAs as mere formality with a story of reasons having no clear answers “There is no client as scary as an innocent man.”  A request letter dated 28.02.2021 along with the copy […]...

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Posted Under: Corporate Law |

All you need to know about Employees’ Provident Fund (EPF)

What is Employees Provident Fund? The Employees’ Provident Fund (EPF) is a scheme governed by the Employees’ Provident Fund Organization. EPF basically aims to provide social security and offers retirement benefits. The current article covers the basics of EPF; eligibility criteria of EPF; EPF contribution and distribution thereof; EP...

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What is TDS (Tax Deducted at Source)? TDS File, TDS Return & TDS Rates

TDS – Tax Deduction at Source TDS is the abbreviation of Tax Deduction at Source. Basically, it is an income-tax which is deducted from the money paid at the time of making particular payments like salary; interest; rent; commission; professional fees etc. The present article clears up all the basic concepts of TDS. Person liable [&hell...

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Posted Under: Corporate Law |

What is PAN Card, uses, how to apply?

PAN (Permanent Account Number) PAN is an abbreviation form of Permanent Account Number. It is a 10-digit unique number. An application in Form 49A is to be filed by an Indian citizen/ entity/ company, whereas, an application in Form 49AA is to be filed by a Foreign citizen/ entity/ company. The current article deals with […]...

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Posted Under: Corporate Law |

Reserve Bank – Integrated Ombudsman Scheme, 2021

Ref. CEPD. PRD. No. /13.01.001/2021-22 12/11/2021

(1) This Scheme may be called the Reserve Bank - Integrated Ombudsman Scheme, 2021. (2) It shall come into force on such date as the Reserve Bank may specify. (3) It shall extend to the whole of India. (4) The Scheme shall apply to the services provided by a Regulated Entity in India to its customers under the provisions of the R...

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Trade must grow in a mutually beneficial & collaborative way- Shri Goyal

Global Supply chains should not only be based only on cost but also on trust – Shri Piyush Goyal Trade must grow in a mutually beneficial and collaborative way- Shri Goyal Ensuring transparent, trustworthy and resilient supply chains is at the core of trade revival- Shri Goyal India has proved its capability and emerged as […]...

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Posted Under: Corporate Law |

CBIC launches online digital application for scheduling of examination of cargo for traders

CBIC launches online digital application for scheduling of examination of cargo for traders at ICD Tughlakabad, Delhi ICD Tuglakabad’s initiative will improve logistics efficiency of industry by launching Customs clearance work on Sundays and all public holidays Customs at ICD Tuglakabad also inaugurates Baggage Scanner for non-intr...

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Posted Under: Corporate Law |

RBI Integrates 3 Ombudsman schemes into Reserve Bank – Integrated Ombudsman Scheme, 2021

Ref. CEPD. PRD. No.S873/13.01.001/2021-22 12/11/2021

All Commercial Banks, Regional Rural Banks, Scheduled Primary (Urban) Co-operative Banks and Non-Scheduled Primary (Urban) Co-operative Banks with deposits size of Rupees 50 crore and above as on the date of the audited balance sheet of the previous financial year;...

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