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ROC Ahmedabad proposes removal of name of 295 LLPs

February 11, 2022 552 Views 0 comment Print

Registrar of Companies, Gujarat, Dadra & Nagar Haveli (Ahmedabad) has issued a Public Notice under section 75 of LLP Act,2008 read with Rule 37(2) of the LLP Rules, 2009 and Published a list of 295 LLps which has made application to remove or strike off the name from the Register. Any person objecting to the […]

MCA delegates powers to Regional Directors | Section 17 | LLP Act 2008

February 11, 2022 1077 Views 0 comment Print

Notification for delegation of powers under section 17 of LLP Act 2008 to the Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Guwahati. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 11th February, 2022 S.O. 623(E).—In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), […]

Limited Liability Partnership (Amendment) Rules, 2022

February 11, 2022 14871 Views 0 comment Print

Central Government notifies Limited Liability Partnership (Amendment) Rules, 2022 and amended Rule 5 (Fees), 18 and 19. It further inserted following rules- 19A. Allotment of new name to existing LLP under sub-section (3) of section 17 37A. Adjudication of penalties 37B. Appeal against order of adjudicating officer 37C. Registration of appeal 37D. Disposal of appeal […]

Penalty cannot be imposed for mentioning wrong period in VAT challan

February 10, 2022 1293 Views 0 comment Print

Imposition of penalty is called for where the assessee fails to furnish returns by the due date, which is not the position in the present case. Admittedly, Petitioner has deposited the requisite tax for the relevant quarter of the assessment period but has inadvertently mentioned the wrong period in the challan and therefore, cannot be, in our view, saddled with the liability of penalty.

Levy of 12% GST on Textiles : Request for withdrawal of the hike

February 10, 2022 5130 Views 0 comment Print

In an important communication sent to Finance Minister, Nirmala Sitharaman,CAAT urged for complete withdrawal of the proposed GST hike on Textiles as same is going to be a big burden on Traders & consumers and is also against the AatmaNirbharBharat vision of the Government. Confederation of All India Traders ‘Vvapar Bhawan’ 925/1, Naiwala, Karol Bagh, New Delhi.110005. […]

Rupee Interest Rate Derivatives (Reserve Bank) Directions – Review

February 10, 2022 1620 Views 0 comment Print

Banks in India having Authorised Dealer Category-I (AD Cat-I) license under FEMA, 1999, shall be eligible to offer Foreign Currency Settled OIS (FCS-OIS) based on the Overnight Mumbai Interbank Outright Rate (MIBOR) benchmark published by Financial Benchmarks India Pvt. Ltd. (FBIL) to persons not resident in India as well as to other AD Cat-I banks.

Voluntary Retention Route for FPIs investment in Debt

February 10, 2022 2778 Views 0 comment Print

The Reserve Bank, in consultation with the Government of India and Securities and Exchange Board of India (SEBI), introduces a separate channel, called the ‘Voluntary Retention Route’ (VRR), to enable FPIs to invest in debt markets in India. Broadly, investments through the Route will be free of the macro-prudential and other regulatory norms applicable to FPI investments in debt markets, provided FPIs voluntarily commit to retain a required minimum percentage of their investments in India for a period. Participation through this Route will be entirely voluntary.

Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022

February 10, 2022 1458 Views 0 comment Print

The draft Reserve Bank of India (Credit Derivatives) Directions, 2021 were released for public comments on February 16, 2021. Based on the feedback received from the market participants, the draft Directions were reviewed and have since been finalised. The Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022 are enclosed herewith.

Modification of Constitution to GoM on Casinos, Race Courses & Online Gaming

February 10, 2022 717 Views 0 comment Print

Partial Modification of Constitution to the Group of Ministers (GoM) on Casinos, Race Courses and Online Gaming In partial modification to the OM of even number dated 24.05.2021 & 11.06.2021 on the subject cited above, it is stated that reconstituted membership of the GoM is as follows: –

Reconstitution of GoM for boosting Real Estate Sector under GST

February 10, 2022 942 Views 0 comment Print

Constitution of Group of Ministers (GoM) for boosting Real Estate Sector under GST regime – In partial modification to the OM of even number dated 15.01.2019 & 05.01.2022 on the subject cited above, it is stated that reconstituted membership of the GoM is as follows: –

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