RBI may Mandate banks not to charge savings bank account customers for online transactions in the NEFT system with effect from January 2020. Operationalise the Acceptance Development Fund to increase acceptance infrastructure with effect from January 1, 2020.
The Union Budget 2019 focused on the nation’s growth bringing in a positive sentiment to the overall economy. The budget focuses on the agricultural and rural sectors, infrastructure, education, job creation, digital economy, etc., it is a budget for all. On many fronts, this is a favorable and bold budget for the real estate industry. […]
The NBFC-AA consolidates financial information of a customer held with different financial entities, spread across financial sector regulators adopting different IT systems and interfaces. In order to ensure that such movement of data is secured, duly authorised, smooth and seamless, it has been decided to put in place a set of core technical specifications for the participants of the AA ecosystem.
Section 95 of the Jammu and Kashmir Reorganisation Act, 2019. 95. Territorial extent of laws. (1) All Central laws in Table -1 of the Fifth Schedule to this Act, on and from the appointed day, shall apply in the manner as provided therein, to the Union territory of Jammu and Kashmir and Union territory of […]
Cabinet approves Special Window for funding of stalled Affordable and Middle-Income housing projects The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved the establishment of a ‘Special Window’ fund to provide priority debt financing for the completion of stalled housing projects that are in the Affordable and Middle-Income Housing sector. For the […]
Cabinet approves protocol amending the Convention between India and Brazil for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income he Union Cabinet Chaired by the Prime Minister Shri Narendra Modi approved the signing of the Protocol amending the Convention between the Government of the Republic of India […]
CBIC directs that no search authorization, summons, arrest memo, inspection notices and letters issued in the course of any enquiry shall be issued by any officer under the Board to a taxpayer or any other person, on or after the 8th day of November, 2019
When you are talking about a stock market franchise, then it is a scope of a business which is levied with the help of a stockbroker who opens their franchise. It is any person who is willing to execute their operation in the stockbroker market while they adhere to the laws regulated along to the […]
On analysing section 164(2) it was concluded that the same operates prospectively and a director would not demit office in terms of Section 167(1) of the Companies Act, 2013 on account of a disqualification incurred under Section 164(2) for conduct prior to the amendments to the Act introduced from May 7, 2018. Moreover, Central government had no power to cancel or deactivate the Director Identification Number (DIN) on account of a director suffering a disqualification under Section 164(2).
‘Casino vessels’ could not be classified as ‘pleasure boats’ as the vessel was a supply vessel used for transport of persons and goods, the correct classification would be heading no. 8901 90 00 which covers’ Other vessels for transport of the goods and other vessels for transport of both persons and goods’ and not under heading No. 8903 9990. More so, the goods falling under heading no. 8901 were exempted under Not. 21/2002 read with Notification No. 20/2006.
