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SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020

August 5, 2020 2322 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette.

Govt extends tenure of SEBI Chairman Ajay Tyagi upto Feb 2022

August 5, 2020 483 Views 0 comment Print

The Appointments Committee of the Cabinet has approved the extension of term of appointment of Shri Ajay Tyagi, IAS (HP:1984) (Retd.) as Chairman, Securities & Exchange Board of India (SEBI) for a further period of 18 months w.e.f. 01.09.2020 upto 28. 02.2022 or until further orders, whichever is earlier.

Anti-dumping investigation in respect of imports of Naphthalene

August 4, 2020 447 Views 0 comment Print

Anti-dumping investigation in respect of imports of Naphthalene in both its forms- Crude Naphthalene originating in or exported from China PR, European Union, Russia, Iran and Japan and Refined Naphthalene originating in or exported from China PR, European Union and Taiwan.

IRDAI: Relaxation from Submission of Hard Copy of Regulatory Returns 

August 4, 2020 576 Views 0 comment Print

On examining the request, the Competent Authority has allowed Life insurers to upload the Regulatory Returns through BAP module without physical filing and submit a soft copy through email to Mr. S.N Jayasimhan, GM at email id snjayasimhan@irdai.gov.in , for returns up to 31st March 2021.

TP Adjustment for notional Interest on outstanding receivables

August 4, 2020 3180 Views 0 comment Print

Global Logic India Ltd. Vs ACIT (ITAT Delhi) Now coming to the next issue raised in the present appeal against the transfer pricing adjustment made on account of interest due on receivables outstanding. The said issue stands covered in favour of the assessee by the decision of the Tribunal in assessee’s own case for Assessment […]

Issuance of Digital Surveyor and Loss Assessor Licenses

August 3, 2020 744 Views 0 comment Print

IRDAI surveyor department will issue the digitally signed license through BAP and the digitally signed SLA Licenses will be sent to the registered E-Mail ID of applicants.

Reg. Dispatch of notice by listed companies for rights issue

August 3, 2020 1101 Views 0 comment Print

In case of listed companies, which comply with relevant circulars issued by SEBI, inability to dispatch the relevant notice to shareholders through registered post or speed post or courier would not be viewed as violation of section 62(2) of the Act for rights issues opening upto 31st December, 2020.

Depreciation allowable on Actual Cost of Assets without reducing Subsidy

August 2, 2020 9303 Views 0 comment Print

Where the Government subsidy is intended as an incentive to encourage entrepreneurs to move to backward areas and establish industries, the specified percentage of fixed capital costs, which is the basis for determining the subsidy, is only a measure adopted in the scheme to quantify the amount of subsidy and it is not a payment directly or in directly to meet any portion of the actual costs of assets.

Higher profit rate cannot be estimated merely based on suspicion & conjectures

July 31, 2020 5199 Views 0 comment Print

Assessee produced all books of account, vouchers, bills and other documents but AO without pointing out any mistake and error in the bills/vouchers and without rejecting books of account, made addition @8%. On basis of suspicion and conjectures that assessee might be inflating its expenses and showing net profit ratio at a very low rate. Therefore, ends of justice would be met, if net profit rate of 2.50% was adopted.

Tariff Notification No. 65/2020-Customs (N.T.), Dated: 31.07.2020

July 31, 2020 366 Views 0 comment Print

Tariff Notification No. 65/2020-Customs (N.T.), Dated: 31.07.2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver – Reg.

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