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Guidelines on Insurance Claims of victims of Cyclone Nisarga in calamity affected districts

June 8, 2020 678 Views 0 comment Print

As you are aware, cyclone Nisarga, has caused loss to property in parts of Maharashtra, Gujarat and Other Neighboring States. The General Insurers may have written policies that extend to lives and property located in the affected areas. 

Service by NSDL to depository participants liable to Service Tax

June 8, 2020 9255 Views 0 comment Print

Services provided by NSDL to depository participants are aptly of ‘provision and transfer of information and data processing’, classifiable under (vii) of Banking and Financial Services as defined under Section 65(12) of Finance Act, 1994;

Guidelines on settlement of Life Insurance Claims of Cyclone Nisarga victims

June 5, 2020 582 Views 0 comment Print

As a result of Cyclone ‘Nisarga’, there are reports of loss of human lives and loss of belongings in the affected Districts of primarily the states of Maharashtra and Gujarat. In order to extend every possible facilitation in quick and timely settlement of life insurance claims, you are advised to take the following actions immediately in all the states affected by the cyclone:

Customs officers empowered to conduct faceless assessment of Bills of Entry

June 5, 2020 1614 Views 0 comment Print

Notification to empower Customs officers as ‘proper officers’ to conduct faceless or remote assessment of Bills of Entry filed under Section 46 of the Customs Act, 1962 for import in another Customs station- Reg. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 50/2020-Customs (N.T.) New […]

Closure of Branch irrelevant for Determination of Tax Liability under KVAT on Compounding basis

June 5, 2020 861 Views 0 comment Print

Assistant Commissioner (KVAT) Vs Kunnathukalathil Jewellers (Kerala High Court) Explanation 8 ot Section 8(f) of Kerala Value Added Tax Act, 2003 provided for deduction of the business of a branch which had remained closed during the whole of the year 2009-10. There is no absurdity in the provision nor can it be found unworkable. Hardship, […]

1st phase of All India roll-out of Faceless Assessment- Arrangements

June 5, 2020 3750 Views 0 comment Print

A Faceless Assessment Group would consist of Appraisers!Superintendents and Assistant Commissioners!Deputy Commissioners for verification of assessment of any bill of entry that is assigned to this group in the Customs Automated System.

IRDA notifies requirement to obtain Legal Entity Identifier (LEI)

June 5, 2020 1110 Views 0 comment Print

IRDAI examined the requirement to obtain LEI by its regulated entities and the entities dealing with the regulated entities and notifies who needs to obtain this. Insurance Regulatory and Development Authority of India Circular Ref. No: IRDAI/F&A/CIR/MISC/134/06/2020 Date:05-06-2020 Legal Entity Identifier (LEI) code To All the insurers Re: Legal Entity Identifier (LEI) code **** A. […]

Guidance on applicability of SS-1 and SS-2

June 3, 2020 10986 Views 0 comment Print

Clarification/ Guidance on applicability of Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2). As you are aware, Section 118(10) of the Companies Act, 2013 provides for mandatory observance of SS-1 and SS-2 by all companies.

Master circular for Third Party Administrators (TPAs)

June 3, 2020 6795 Views 0 comment Print

Insurance Regulatory and Development Authority of India MASTER CIRCULAR Master Circular as per the provisions of IRDAI (Third Party Administrators — Health Services) Regulations, 2016 and subsequent amendments thereof, applicable to all applicant TPAs, registered TPAs and insurers carrying out health insurance business. Circular Reference No. IRDAI/TPA/REG/CIR/130/06/2020, dated 03.06.2020 Issued on: 03.06.2020 INDEX Sr. No […]

Model Bye Laws of Cooperative Housing Society in Maharashtra

June 1, 2020 28569 Views 1 comment Print

ALso Read- Manual for Co-operative Housing Societies in Maharashtra MODEL BYE – LAWS OF COOPERATIVE HOUSING SOCIETY , Maharashtra (Tenant Co‐Partnership Housing Society) Year 2014 Subject Index  Particulars bye law no  I.PRELIMINARY  a.  The Name of the Society bye Law no 1. a  c. The Society is classification bye Law no 1. c  a. The […]

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