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Four more States/UTs linked with One Nation One Ration Card scheme today

August 2, 2020 759 Views 0 comment Print

Four more States/UTs linked with One Nation One Ration Card scheme today. About 80% of total NFSA population now enabled to receive food grains in these 24 States/UTs through national portability of ration cards

GST Revenue collection for July 2020

August 2, 2020 3279 Views 0 comment Print

The gross GST revenue collected in the month of July, 2020 is ₹ 87,422 crore of which CGST is ₹ 16,147 crore, SGST is ₹ 21,418 crore, IGST is ₹ 42,592 crore (including ₹ 20,324 crore collected on import of goods) and Cess is ₹7,265 crore (including ₹ 807 crore collected on import of goods).

Govt working with RBI on Industry’s need for loan restructuring: FM

July 31, 2020 387 Views 0 comment Print

Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today said that the government is working with RBI on the Industry’s need for the restructuring of loans due to the COVID-19 impact. 

Use of digital signature certifications for authentication / certification of filings / submissions made to Stock Exchanges

July 31, 2020 1140 Views 0 comment Print

SEBI has received a representation from the Institute of Company Secretaries of India (ICSI) stating that due to the COVID -19 pandemic and precautionary measures for its curtailment, Company Secretaries continue to face operational challenges in carrying out certification and authentication of documents in physical form.

Clarification on applicability of regulation 40(1) of SEBI (LODR) Regulations, 2015

July 31, 2020 1899 Views 0 comment Print

SEBI has received representations from investors expressing concerns that they have not been able to participate in open offers, buybacks and delisting of securities of listed entities since the securities held by them were not in dematerialized form.

Share application money cannot be treated as Loan unless Transaction is bogus

July 31, 2020 5790 Views 0 comment Print

It is not open to the revenue authorities to recharacterize the transaction unless it is found to be a sham or bogus transaction. While there are no specific powers vested in the TPO to recharacterize the transaction, even under the judge made law, such rechracterization can be done by the revenue authorities when the transactions are found to be substantially at variance with the stated form.

Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2020

July 31, 2020 636 Views 0 comment Print

These regulations may be called the Sea Cargo Manifest and Transhipment (Second Amendment) Regulations, 2020. They shall come into force on the date of their publication in the Official Gazette.

Securities Contracts (Regulation) (Second Amendment) Rules, 2020

July 31, 2020 2202 Views 0 comment Print

(1) These rules may be called as Securities Contracts (Regulation) (Second Amendment) Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.

Transhipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2020

July 31, 2020 723 Views 0 comment Print

(1) These regulations may be called the Transhipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2020. (2) They shall come into force on the day of their publication in the Official Gazette.

Notification No. 31/2020-Customs (N.T./CAA/DRI), Dated 31.07.2020

July 31, 2020 663 Views 0 comment Print

Notification No. 31/2020-Customs (N.T./CAA/DRI), dated 31.07.2020- Appointment of Common Adjudicating Authority (CAA) by DGRI-reg. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (DIRECTORATE OF REVENUE INTELLIGENCE) Notification No. 31/2020-Customs (N.T./CAA/DRI) New Delhi, the 31st July, 2020 S.O. 2628(E).- In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated […]

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