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Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing Rules, 2020

January 22, 2020 3519 Views 0 comment Print

Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing Rules, 2020 shall apply to e filing, display of interim or final orders or directions passed by the Tribunals on the common website in the e-DRT system and to the electronic issuance and e-service of intimations. MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New […]

Public functionary cannot be permitted to act like a dictator: HC

January 21, 2020 1842 Views 0 comment Print

Sant Prasad Seth Vs State of U.P. (Allahabad High Court) Withholding of post death dues for years together is not only illegal and arbitrary but a sin if not an offence since no law has declared so. The officials, who are still in service and are instrumental in such delay causing harassment must however feel […]

IBUs allowed to participate in exchange traded currency derivatives on Rupee

January 21, 2020 585 Views 0 comment Print

The Task Force (TF) on Offshore Rupee Markets chaired by Smt. Usha Thorat had recommended introduction of non-deliverable Rupee Derivatives in IFSCs in a phased manner, starting with exchange traded currency derivatives (ETCD) to be followed by Over the Counter (OTC) derivatives at a later stage.

NBFCs can pool gold jewellery from different branches for Auction

January 21, 2020 843 Views 0 comment Print

On a review, it has been decided that NBFCs can pool gold jewellery from different branches in a district and auction it at any location within the district, subject to meeting the following conditions:

CS Foundation Examination exam result on 25th January, 2020

January 20, 2020 570 Views 0 comment Print

Declaration of Result of CS Foundation Programme Examination December, 2019 The Result of CS Foundation Programme examination held on 28th and 29th December, 2019 would be declared on Saturday, the 25th January, 2020 at 11:00 A.M. The result along with individual candidate’s subject-wise break-up of marks will be available on the Institute’s website: www.icsi.edu Formal […]

Reg. Detention of vehicles pertained to Parcel/ Transporting / Courier Agencies having GST registration

January 19, 2020 2022 Views 0 comment Print

Section 129 mandates joint and several liability on the Consignee, Consignor, Transporter and the Person in Charge of the Vehicle to carry the requisite documents as per the GST Act. Sub-section (1) of Section 129 provides that all such goods and conveyance used as a means of transport for carrying the goods, while they are in transit, in contravention of the provisions of the Act or Rules made thereunder, is liable for detention and seizure.

Section 153A Assessment not sustainable if No incriminating material found during search

January 18, 2020 1731 Views 0 comment Print

It is an admitted fact that except jewellery which remained duly explained, no material much less incriminating material was found during search, therefore, in the absence of any incriminating material recovered during search assessment having remained unabated as on date of search could not be interfered with while framing assessment under section 153A.

Mention specific HS Codes at 8 digit level if exist in Bill of entry

January 17, 2020 2565 Views 0 comment Print

It is advised that All importers should file their Bills of Entry with specific codes available for the imported items under ITC(HS), 2017, Schedule — I (Import Policy) at 8 digit level, and to avoid as far as possible ‘Others’ category.

Statement of Deviation in use of proceeds of issue of listed NCDs or NCRPs

January 17, 2020 2889 Views 0 comment Print

SEBI notifies Format for Statement indicating Deviation or Variation in the use of proceeds of issue of listed non-convertible debt securities (NCDs) or listed non-convertible redeemable preference shares (NCRPs) alongwith its salient features. Securities and Exchange Board of India Circular No. SEBI/HO/DDHS/08/2020 Dated: January 17, 2020 To All entities whose debt securities are listed All […]

Visvesvaraya National Institute of Technology is not a Govt. Authority: AAR

January 17, 2020 1281 Views 0 comment Print

In re Security and Intelligence Services (India) Ltd (GST AAR Maharashtra) Visvesvaraya National Institute of Technology (VNIT) has neither been set up by an Act of Parliament or a State Legislature, nor has been established by any Government, with ninety percent or more participation by way of equity or control, to carry out any function entrusted […]

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