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Archive: 14 April 2022

Posts in 14 April 2022

Classification of Tyre Pyrolysis Oil and tyre pyrolysis recovered carbon

April 14, 2022 5040 Views 0 comment Print

In re Pairan Pyrolysis Pvt. Ltd. (CAAR Mumbai) CAAR held that the tyre pyrolysis oil and recovered carbon black merit classification under subheadings 27101990 and 28030010 respectively, of the first schedule of the Customs Tariff Act, 1975. These items are not covered under the negative list of ISFTA. The goods are exempted from basic customs […]

Classification of fatty substance mixture for developing aqua feed products

April 14, 2022 684 Views 0 comment Print

In re M/s Fermenta Biotech Ltd. (CAAR Mumbai) CAAR held that Light Feed Oil or Distilled Fatty Acid and Heavy Feed Oil or Fatty Substance Mixture merit classification under sub-headings 15042090 and 15161000, respectively, of the first schedule to the Customs Tariff Act, 1975. HFO, falling under sub-heading 15161000 is eligible for concessional rate of […]

UDIN for Audit Report for Statutory Audit of Bank Branches – Reg.

April 14, 2022 1401 Views 0 comment Print

This is to inform that the members are now required to fill the value of the MOC while generating UDIN for the Audit Report for Statutory Audit of Bank Branch under the category Audit & Assurance Functions for Statutory Audit-Bank Branch at the UDIN portal without any disclosure of the details of the client.

Draft Company Secretaries (Amendment) Regulations, 2022

April 14, 2022 1809 Views 0 comment Print

88. Meetings of the Council. – The Council shall hold at least four Meetings in each Calendar Year with a maximum interval of one hundred and twenty days between any two consecutive Meetings at such time and place (including electronic mode) as the Council may determine.

Annual return (FLA) filing in case of FDI/ODI 

April 14, 2022 3729 Views 0 comment Print

As mentioned in our previous article, Received Foreign Funding? Comply with FC-GPR filing in 30 days, we are witnessing a massive amount of foreign funds coming into India especially through investments into Start-ups. The government is also encouraging foreign investment through different incentives like liberalizing FDI limits in various sectors.

Credit Guarantee Scheme for Startups (CGSS)

April 14, 2022 4137 Views 1 comment Print

The Credit Guarantee Scheme for Startups is formulated by the Government of India. It enables the startups to avail of the loans for their business without any collateral. The Credit Guarantee Scheme for Startups is a part of the Startup India action plan. Also Read: Govt notifies Credit Guarantee Scheme for Startups (CGSS) The present […]

LODR Statutory Provisions for Regulating Listed Companies

April 14, 2022 2271 Views 1 comment Print

The following provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 governs listed companies: Regulation Sub-Regulation Compliance Required Terms Time Limit 6 1 Company has appointed Company Secretary and Compliance Officer? 7 1 Share Transfer agent is appointed?, if yes please details of the same   3 Compliance certificate submitted to the exchange as […]

Comparison Between LLP and Private Limited Company

April 14, 2022 2598 Views 1 comment Print

COMPARISON BETWEEN LLP AND PRIVATE LIMITED COMPANY: – Articles makes Comparison Between LLP And Private Limited Company which includes Registration Requirement, Directors Requirement, Statutory audit Requirement, Compliances Requirement, Investment Requirement, Fines and Penalties etc. BASIS COMPANY LLP Registered under Companies Act 2013 Limited Liability partnership Act 2008 Directors required Minimum -2 Maximum-15 Minimum designated partner-2 […]

CBIC Chairman releases National Time Release Study, 2022

April 14, 2022 1065 Views 0 comment Print

Shri Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC), presented a set of Time Release Studies (TRS) conducted by the department. TRS are essentially a performance measurement tool for assessing the cargo clearance process of the international trade, as recommended by the World Trade Organization (WTO) under the Trade Facilitation Agreement (TFA) […]

Whether mere endorsement of Bank “payment stopped” sufficient to entertain complaint u/s 138 of NI Act?

April 14, 2022 22164 Views 0 comment Print

The offence is said to be committed under Section 138 of the NI Act, only when he fails to pay the debt within 15 days and such person shall be punishable with imprisonment for a term which may be extended to two years, or with a fine which may extend to twice the amount of the cheque, or with both.

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