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Archive: 18 April 2022

Posts in 18 April 2022

High Court Extends One Time Settlement Time Period allowed by Bank

April 18, 2022 14886 Views 0 comment Print

High Court rules in favor of petitioner Amrik Singh, extending OTS payment deadline. Get insights on the DCB Bank case in Punjab and Haryana High Court

MEIS Scheme benefit cannot be given if petitioner not opted for it in Shipping Bill

April 18, 2022 3513 Views 0 comment Print

Adroit Industries (India) Ltd. Vs Union of India (Madhya Pradesh High Court) Facts of the case are not in dispute to the effect that the petitioner during the relevant period i.e. 2015-20 was entitled to avail the benefit of MEIS but could not avail of such benefit as the concerned staff did not declare the […]

Charges Under Companies Act, 2013 and Rules

April 18, 2022 36030 Views 1 comment Print

In this article, the author shall confer about the Charges and its related provisions as given under the Companies Act, 2013. A CHARGE is stated in Section 2(16) of the Companies Act, 2013 which expresses that charge could be – an interest or lien; created on the property or assets of a corporation; and any […]

SARFAESI: Steps to be Followed for Effective NPA Management

April 18, 2022 45723 Views 1 comment Print

Securitisation and Reconstruction of  Financial Assets & Enforcement of Security  Interest Act, 2002 (SARFAESI) is basically is an act which provides different options to Banks and  Financial Institutions for resolving their non performing assets  and it is also an effective tool in the hands of the lenders to enforce the security interest and recover the […]

Skill India Mission

April 18, 2022 5112 Views 0 comment Print

Skill India Mission was launched by the Prime Minister of India, Shri Narendra Modi, on 15th July 2015. Mission was launched with an aim to provide training in different skills to around 40 crore people in India by 2022. Notably, as per the report, in 2014, India had only 2% of the formally skilled workforce. […]

Reopening of Assessments – Clinical Study of Section 148A

April 18, 2022 10938 Views 1 comment Print

Introduction: The Apex Court had in the case of GKN Driveshafts (259 ITR 19) laid down the procedure to be followed in all cases where the back assessments of a person are opened by the Income Tax Authorities. The said decision recognised the right of a person to seek: a) a copy of the “satisfaction’ […]

Want to play your life’s second inning well ? Plan it today

April 18, 2022 1422 Views 0 comment Print

We all have grown with our elders and grandparents around us. We have spent our childhood listening to the work styles of our grandparents, how their nature of work and their work culture differed from our parents and ours. Old age is the stage where one is supposedly worry-free about arranging the family’s monthly expenses. […]

Arbitration Agreement – Analysis of recent Delhi High Court Judgement

April 18, 2022 5685 Views 0 comment Print

Parsvnath Developers Ltd Vs Future Retail Limited (Delhi High Court) Arbitration Agreement : Sufficiency of stamp duty on agreement & nature of contract cannot be adjudicated by Court U/s 11 Of A&C Act. The dispute as to whether the contract was sufficiently stamped or not, and the averments made by the petitioner with respect to the […]

Guidelines for conduct of personal hearing in virtual mode under GST/VAT

April 18, 2022 7662 Views 0 comment Print

In any proceedings before Appellate Authority/ Adjudicating Authority the appellant/respondent, shall give his consent to avail facility of personal hearing before such authority, through Video conferencing at the time of filing his appeal or immediately after issuance of this instruction, in case pending appeals/adjudication matter. He should also indicate his e-mail address for correspondence, etc.

School building for use by State Government for education cannot be considered a commercial building

April 18, 2022 3987 Views 0 comment Print

Revenue submits that said civil structure may be used for commerce or business. We hold that a School building will be used by State Government for education and cannot be considered a commercial building.

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