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Guideline for Meetings of Disciplinary Committee & Appellate Panel of RVOs

October 9, 2020 585 Views 0 comment Print

It has been observed that the RVOs have been following different practices in conducting the meetings of the DC and AP. Accordingly, the Board advises the RVOs to ensure the following while conducting the meetings of the DC and AP of the RVOs:

CCI Issues SOP for Virtual Hearings

October 9, 2020 795 Views 0 comment Print

COMPETITION COMMISSION OF INDIA Dated: 06.10.2020 Standard Operating Procedure (SOP) for Virtual Hearings Authorized Representatives (Advocates/ Chartered Accountants/ Company Secretaries/ Cost Accountants) / Parties/ Parties-in-Person shall follow the following protocol for hearings through virtual mode: 1. For conducting hearings through Video Conferencing (VC), a URL would be sent through e­mail in advance to one concerned […]

RBI kept policy repo rate unchanged at 4.0 per cent (Read Policy & Statement)

October 9, 2020 753 Views 0 comment Print

On the basis of an assessment of the current and evolving macroeconomic situation, Monetary Policy Committee (MPC) at its meeting today (October 9, 2020) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent.

Customs Procedure for inspection of ICDs/CFSs/AFSs

October 8, 2020 3960 Views 0 comment Print

The jurisdictional Commissioner at the beginning of every financial year shall chalk out an action plan to conduct inspection of ICDs/CFSs in their jurisdiction, by an officer of the rank of Deputy/ Assistant Commissioner or above (who is not in-charge of such ICD/CFS) once every financial year probably in the first quarter of the financial year.

SEBI (Debenture Trustees) (Amendment) Regulations, 2020

October 8, 2020 4224 Views 0 comment Print

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

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2020

October 8, 2020 1359 Views 0 comment Print

1. These regulations maybe called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette.

Notification No. 50/2020-Customs (N.T./CAA/DRI), Dated: 08.10.2020

October 8, 2020 1290 Views 0 comment Print

Notification No. 50/2020-Customs (N.T./CAA/DRI), Dated: 08.10.2020- Appointment of CAA by Principal Director General, Revenue Intelligence (Pr. DGRI). Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 50/2020-Customs (N.T./CAA/DRI) New Delhi, dated the 08.10.2020 S.O. 3563(E). – In pursuance of notification No. 60/2015-Customs […]

Notification No. 49/2020-Customs (N.T./CAA/DRI), Dated: 08.10.2020

October 8, 2020 579 Views 0 comment Print

Notification No. 49/2020-Customs (N.T./CAA/DRI), Dated: 08.10.2020- Appointment of CAA by Principal Director General, Revenue Intelligence Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 49/2020-Customs (N.T./CAA/DRI) New Delhi, dated 08.10.2020 S.O.3562(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide number […]

MSME Loan Interest Subvention extended till 31.03.2021

October 7, 2020 25617 Views 2 comments Print

MSME Loan Interest Subvention scheme validity has been extended till March 31, 2021. Accordingly, fresh or incremental term loan / working capital limit extended by co-operative banks with effect from March 3, 2020 will be eligible for coverage under the scheme.

Expenditure on Club membership fees for business allowable

October 7, 2020 57528 Views 0 comment Print

ISGEC Heavy Engineering Ltd Vs DCIT (ITAT Chandigarh) In the present case the assessee has incurred the expenses on account of club membership fees for the employees and to entertain customers, so, these were business expenses under section 37(1) of the Act. ITAT Follows Hon’ble Supreme Court Judgment in the case of CIT Vs. United […]

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