"11 May 2022" Archive

Payment of Family Pension (Submission of Documents) Rules, 2021

Notification No. G.S.R. 349(E). 11/05/2022

Sitting members immediately after taking their seat in the respective Houses of Parliament shall also submit the following documents, duly attested by them, to facilitate expeditious processing of family pension cases, as and when applied for, as per the provisions of sub-section (1) of section 8AC:-...

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Alignment of Appendix 4R with Finance Act, 2021 wef 01.01.2022

Notification No. 04/2015-2020 [S.O. 2185(E)] 11/05/2022

A new RoDTEP schedule (Appendix 4R) has been notified for implementation with effect from 01.01.2022 after aligning the earlier schedule with the Customs tariff Schedule as per Finance Act, 2021....

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Haryana Excise Policy for The Year 2022-23

The Excise Policies of the State have successfully achieved and strengthened the long term objectives of breaking the cartels, broad-basing the trade by facilitating the entry of new players of even modest means, simplifying/unifying the structure of wholesale supply of liquor by giving wholesale licenses to retail licensees, establishing...

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Posted Under: Corporate Law |

HC Stays Operation of confiscation notice under Section 130 of CGST Act

Matrix Traders Vs Deputy Assistant Commissioner (Andhra Pradesh High Court)

Matrix Traders Vs Deputy Assistant Commissioner (Andhra Pradesh High Court) HC admitted the Writ Petition and Stayed the Operation of confiscation notice under Section 130 of the CGST Act, 2017 on the ground that w.e.f. January 1, 2022 the non-obstante clause has been removed from Section 130 of the CGST Act, 2017 and therefore, in [&hell...

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IBBI suspends registration of IP for not taking custody & control of CD

No. IBBI/DC/96/2022 10/05/2022

IBBI suspends the registration of Mr. Bhupesh Gupta for a period of 2 years for not taking the custody and control of the CD and for letting the suspended management to settle the insurance claims after the initiation of the CIRP of the CD. In this case, the director of the suspended board of CD […]...

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Resolution of Stressed Assets and IBC

For any lender, the credit risk i.e., the possibility of not receiving the timely repayment of the contracted amount or of the counterparty not honouring its obligations in respect of the credit contract, constitutes a significant risk which need to be covered by maintaining adequate capital and risk provisions....

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Posted Under: Corporate Law |

ED denies allegations made by Xiaomi India

The allegations that the statement of the officials of Xiaomi India was taken under coercion by ED is untrue and baseless. The officials of the Xiaomi India deposed their statements before ED under FEMA voluntarily in the most conducive environment on various occasions....

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Posted Under: Corporate Law |

Foreign Company Compliances

Foreign company means any company or body corporate incorporated outside India which: (a) Has a place of business in India whether by itself or through an agent, physically or through electronic mode; and (b) Conducts any business activity in India in any other manner. In layman language, any company which is incorporated outside India a...

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Posted Under: Corporate Law |

Voluntary Liquidation under IBC, 2016 – Analysis

Section 59 of IBC together with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 provide the mechanism for voluntary liquidation of a corporate person...

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Posted Under: Corporate Law |

Private Placement under Companies Act, 2013 (Section 42)

Funding is crucial for corporates, not only to invest and expand but also to operate their daily business. Companies have 3 alternatives to fulfill their funding requirements, that is by using 1. Debt 2. Issue Equity 3. Using money earned from Operations Equity and Debt are the most common way of funding. Equity would mean […]...

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Posted Under: Corporate Law |

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