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Archive: 11 May 2022

Posts in 11 May 2022

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

May 11, 2022 933 Views 0 comment Print

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:-

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

May 11, 2022 1056 Views 0 comment Print

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.

Haryana Excise Policy for The Year 2022-23

May 11, 2022 34443 Views 0 comment Print

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 a transparent system of allotment of […]

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

May 11, 2022 3933 Views 0 comment Print

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 […]

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

May 11, 2022 1260 Views 0 comment Print

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 […]

Resolution of Stressed Assets and IBC

May 11, 2022 3003 Views 0 comment Print

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.

ED denies allegations made by Xiaomi India

May 11, 2022 729 Views 0 comment Print

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.

Foreign Company Compliances

May 11, 2022 6099 Views 0 comment Print

Understand foreign company compliances in India: learn about the different modes of starting a business and the documents required by the Registrar.

Voluntary Liquidation under IBC, 2016 – Analysis

May 11, 2022 36864 Views 7 comments Print

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

Private Placement under Companies Act, 2013 (Section 42)

May 11, 2022 50859 Views 5 comments Print

Learn about private placement under Companies Act, 2013. Find out how companies can fulfill their funding requirements through this alternative method.

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