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Suggestions for review of Customs duty exemption notifications/laws & procedures

July 21, 2020 1095 Views 0 comment Print

It was also announced that suggestions would be invited in respect of the Customs laws and procedures for aligning them with the needs of changing times and ease of doing business.

5 year post qualification experience must for registration as RV: IBBI

July 21, 2020 3144 Views 0 comment Print

IBBI held that addition to the issue related to valid educational qualification, it is to point out that the applicant does not possess the mandatory experience of 5 years after obtaining the requisite educational qualification. On this ground too, the application does not survive. INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (Authority specified by the Central […]

Covid-specific standard health indemnity policy ‘Corona Kavach’

July 21, 2020 633 Views 0 comment Print

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA Ref. No:– Date: 21-07-2020 Covid-specific standard health indemnity policy “Corona Kavach” PRESS RELEASE 1. As stipulated by IRDAI, all 30 insurers offering health insurance have started offering Covid-specific standard health indemnity policy called “Corona Kavach” to the public with durations of 3 and a half, 6 and a […]

Filing of ‘Corona Kavach Policy’ as group health insurance product allowed

July 21, 2020 777 Views 0 comment Print

All the general and health insurance companies (insurers) were mandated to offer Individual Covid Standard Health product, Corona Kavach Policy. Insurers are hereby allowed to offer Corona Kavach Policy as group product by duly complying with the norms specified.

Identifying eligible beneficiaries under PM-KISAN Yojana: CBDT to share info

July 21, 2020 1392 Views 0 comment Print

Central Government hereby specifies Joint Secretary (Farmers welfare), Department of Agriculture, Cooperation and Farmers Welfare, Ministry of Agriculture and Farmers Welfare, Government of India, for the purposes of the said clause in connection with sharing of information regarding income-tax assessees for identifying the eligible beneficiaries under PM-KISAN Yojana.

Section 10(46) exemption to Tamil Nadu e-Governance Agency

July 21, 2020 1467 Views 0 comment Print

Notification No. 50/2020- Central Government notifies ‘Tamil Nadu e-Governance Agency in respect of the specified income arising to the board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 21st July, 2020 Notification No. 50/2020-Income Tax S.O. 2403(E).—In exercise of the […]

Company may permit empaneled stock brokers to fund ESOP

July 20, 2020 2739 Views 0 comment Print

As per Regulation 9(2) of the SEBI (Share Based Employee Benefits) Regulations, 2014 (SBEB Regulations)  the company may permit the empaneled stock brokers to fund the payment of exercise price which shall be adjusted against the sale proceeds of some or all the shares, subject to the provisions of the applicable law or regulations. Thus, […]

Revised Procedure and Criteria for submission and approval of applications for export of PPE Medical Coveralls for COVID-19

July 20, 2020 612 Views 0 comment Print

Reference is invited to the DGFT Notification No. 16 dated 29.06.2020 restricting the export of PPE medical coveralls for COVID-19 and fixing the export quota of 50 Lakh PPE Coverall Units per month. The detailed procedure and criteria for submission of applications for export of PPE medical coveralls was outlined in the Trade Notice No. 17 dated 29.06.2020.

Anti-subsidy investigation concerning imports of Viscose Rayon Filament Yarn

July 20, 2020 942 Views 0 comment Print

Initiation of anti-subsidy investigation concerning imports of Viscose Rayon Filament Yarn above 60 deniers originating in or exported from China PR MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) INITIATION NOTIFICATION New Delhi, the 20th July, 2020 Case No. CVD OI -05/2020 Subject: Initiation of anti-subsidy investigation concerning imports of […]

Customs, Amritsar seized 10.22 Kgs of gold worth Rs. 5 crore

July 20, 2020 750 Views 0 comment Print

Customs Commissionerate (Prev), Amritsar, has foiled an attempted gold-smuggling attempt at the Amritsar Airport and seized 10.22 Kgs of gold worth Rs. 5 crore.

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