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Archive: 20 September 2022

Posts in 20 September 2022

Representation on Income Tax outstanding demand collection drive

September 20, 2022 18123 Views 3 comments Print

Grievances and suggestions with respect to the functioning of Demand Facilitation Center, CPC (DFC) in connection to the outstanding demand

What are Professional Misconducts of a Chartered Accountant – Part 1

September 20, 2022 3189 Views 0 comment Print

A Practicing Chartered Accountant abstain from soliciting clients or professional work either directly or indirectly by circular, advertisement, personal communication, or interview or by any other means.

Understanding NBFCs: Key Differences, RBI Regulations & Financial Activities

September 20, 2022 4401 Views 2 comments Print

Explore the world of Non-Banking Financial Companies (NBFCs), their differences from banks, RBI regulations, and the 50-50 test. Learn how NBFCs operate in the financial landscape.

Cheque Bounce case: Compensation u/s 357(1)(b) of CrPC to be paid from fine forming part of sentence

September 20, 2022 14847 Views 0 comment Print

Kerala High Court held that in an offence u/s. 138 of the Negotiable Instruments Act, when the Court imposes imprisonment and fine, fine forms part of the sentence hence the court has to order payment of compensation from the amount of fine as provided under Section 357(1)(b) of CrPC.

Parents would be treated as dependents under Motor Vehicles Act: HC

September 20, 2022 8619 Views 0 comment Print

HC held that Parents would be considered as dependents under Motor Vehicles Act and the compensation awarded to them would be computed on the basis of the income of the deceased for the last three years.

IBBI (Information Utilities) (Second Amendment) Regulations, 2022

September 20, 2022 624 Views 0 comment Print

These Regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2022.

Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Third Amendment) Regulations, 2022

September 20, 2022 1263 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Third Amendment) Regulations, 2022.

IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2022

September 20, 2022 555 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2022.

IBC: Minimum Threshold of Rs. 1 Crore is to be Seen from the date of Filing the Petition

September 20, 2022 13440 Views 0 comment Print

Udit Jain (Sole Proprietor of M/s U.J. Trading Co.) Vs Apace Builders and Contractors Pvt. Ltd (NCLT Delhi) HC held that  in application filed under section 9 of IBC, 2016 only the date of filing needs to be considered and not the date of sending the Demand Notice. It is seen that notification of MCA dated […]

NOC of registrar mandatory to obtain copyright registration of an artistic work

September 20, 2022 3981 Views 0 comment Print

As per the scheme of the Copyright Act, 1957 in order for any person to obtain copyright registration of an artistic work, which is being used or is capable of being used in respect of goods and services, the NOC is mandatorily to be obtained under the proviso of Section 45(1) of the Copyright Act, 1957.

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