Based on consultation with stakeholders, it has been decided to restore the validity period of observation letter issued by SEBI to six months to launch NFOs as specified in SEBI circular SEBI/IMD/CIR No.5/126096/08 dated May 23, 2008.
It has been decided to extend the facility to conduct annual meetings of unitholders in terms of Regulation 22(3) of SEBI (REIT) Regulations, 2014 and Regulation 22(3)(a) of SEBI (InvIT) Regulations, 2014 and meetings other than annual meeting, through VC or OAVM till June 30, 2022.
Before commencing the business the director needs to file a declaration to commence the business and exercise borrowing powers as stipulated under Section 10A of the Companies Act, 2013 within 180 days of the incorporation of the Company.
The provisions for levying interest under GST Act are incomplete and hence ineffective. Here we will discuss on the provisions laid down under GST Act for levying interest and its inapplicability as on date. Section 50 of the Goods and Service Tax Act deals with provision for levying interest. Interest can be levied at 18% […]
(1) These regulations may be called the Maharashtra Real Estate Regulatory Authority (General) (Amendment) Regulations, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.
Cisco Systems Capital (India) Private Limited Vs DCIT (ITAT Bangalore) The assessee grievance is bundled approach for benchmarking should be accepted. At the outset, the ld. AR submitted that the TPO has accepted the bundled approach of aggregation of payment of fees for administrative support services in the preceding years (i.e. from the incorporation year […]
Scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) /OSAT facilities in India
The TPO and DRP erred in treating CCDs as ECBs and benchmarked the interest rate against LIBOR rate. The CCDs is a hybrid instrument and cannot be per se treated as ECB / loan.
