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Archive: 08 February 2023

Posts in 08 February 2023

Court abstained from entering finding on merit as appeal is pending before NCLAT

February 8, 2023 870 Views 0 comment Print

Supreme Court held that as the appeal is pending before NCLAT, this court is desisting from entering a finding on the merits of the rival submissions which have been urged on behalf of the contesting parties.

RBI extends UPI facility to travelers & Increases repo rate by 25 basis points

February 8, 2023 510 Views 0 comment Print

An enhancement has recently been made to provide UPI access to non-resident Indians who have international mobile numbers linked to their NRE / NRO accounts. It is now proposed to permit all inbound travellers to India also to access UPI for their merchant payments (P2M) while they are in the country.

Clarification on applicability of Plastic Waste Management Rules, 2016 on imported goods

February 8, 2023 4506 Views 1 comment Print

Plastic Waste Management Rules, 2016 have been amended to introduce Schedule II to said Rules, vide Plastic Waste Management (Amendment) Rules, 2022. Accordingly, Extended Producer Responsibilities on producer, importer and brand owner have been made applicable to both pre-consumer and post-consumer plastic packaging waste.

Disallowance u/s 14A cannot be subject matter of disallowance under 115JB

February 8, 2023 1083 Views 0 comment Print

ITAT Ahmedabad held that the disallowances made under section 14A read with rule 8D cannot be the subject matter of disallowances while determining the net profit u/s 115JB of the Income Tax Act.

Withdrawal application after CoC approval to resolution plan is unsustainable

February 8, 2023 3216 Views 0 comment Print

NCLAT Delhi held that withdrawal application under section 12A of the Insolvency & Bankruptcy Code, 2016 unsustainable once CoC (Committee of Creditors) approves a resolution plan.

RBI Extends Market Trading Hours in respect of government securities

February 8, 2023 1023 Views 0 comment Print

RBI decided to restore market hours in respect of government securities from 9:00 AM to 3:30 PM to 9:00 AM to 5:00 PM with effect from Monday, February 13, 2023

Instruction regarding Import of High risk food products at specific ports – reg.

February 8, 2023 972 Views 0 comment Print

The list of such high-risk food products is as specified below:-(i) Milk and Milk Products;(ii) Egg powder. (iii) Meat and Meat Products including Poultry, Fish and their products.(iv) Food for Infant nutrition / Infant Foods. (v) Health supplements, Food for Dietary uses. Probiotic and prebiotic foods. Foods for Special Medical Purpose.

Analysis of SEBI & BSE Circulars for Listed Entities: January 2023

February 8, 2023 3345 Views 0 comment Print

Stay up-to-date with SEBI & BSE Circulars for Listed Entities issued in Jan 2023. Learn about Generating Awareness on Dispute resolution, XBRL, Structured Digital Database, SEBI (PIT) & (LODR) Regulations & more.

Awareness among Youtubers & content creators about copyright law

February 8, 2023 2655 Views 1 comment Print

The YouTube’s copyright policy should be known to all the users. Technically speaking, it is the second largest search engine in the world and consists of more than 31 million active channels. It’s a great platform with returns for content creators.

ESI Act should receive a liberal & beneficial construction to promote its objects: SC

February 8, 2023 1338 Views 0 comment Print

The establishment M/s Radhika Theatre, situated at Warangal, Telangana was covered under ESI Act w.e.f. 16.01.1981 on the basis of Form 01 dt. 27.01.1981 submitted by the petitioner establishment. Thereafter Corporation issued C-11 dated 04/02/1981 to the Employer informing the coverage of the unit.

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