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Allow filing of GST TRAN-1 either online or manually: Rajasthan HC

October 3, 2018 1743 Views 0 comment Print

SRF Limited Vs Additional Commissioner (Rajasthan High Court) Hon’ble Rajasthan High Court after taking cognizance in a bunch of writ petition filed, relating to loss of right to avail balance of input tax credit on account of technical difficulties in filing TRAN 1 has  directed the additional Commissioner to provisionally entertain the GST TRAN- 1 […]

Incorporation of LLP through a complete online system made a reality 

October 3, 2018 1230 Views 0 comment Print

Today, one can start business by incorporating a company through an on-line process without visiting any Government office. This was achieved in January, 2016 by establishing Central Registry Centre (CRC) for on-line incorporation of the company and reserving its unique name.

Lessons for Rahul Gandhi from his Partyman

October 3, 2018 825 Views 0 comment Print

The Congress Party, for the last few days, has been busy spreading disinformation about the Government’s possible moves in relation to the private sector company IL&FS. The Congress is a national saboteur. It wants to sabotage India’s economy by allowing a situation in relation to a company to persist, expand and become unmanageable. It lacks statesmanship and vision.

Interest u/s 234E cannot be levied in respect of TDS returns filed prior to 1.6.2015

October 3, 2018 3525 Views 0 comment Print

M/s. Terra Infra Development Limited Vs ITO (ITAT Hyderabad) Provisions for levy of fee in certain cases has been brought into the Statute book w.e.f. 1.7.2012, it has been brought under the purview of section 200A only w.e.f. 1.6.2015. Therefore, as rightly held by the Coordinate Bench in the case of M/s. Sonalac Paintings & […]

SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018

October 3, 2018 4161 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018. (2) They shall come into force on the date of their notification in the Official Gazette.

SEBI (Depositories and Participants) Regulations, 2018

October 3, 2018 16650 Views 0 comment Print

1. (1) These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018

October 3, 2018 6054 Views 0 comment Print

These regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018.

Extension of time till 30.04.2018 for Export of Red Sanders wood

October 3, 2018 294 Views 0 comment Print

Time upto 30.04.2019 has been allowed to Directorate of Revenue Intelligence (DRI) and the State Governments of Maharashtra and Tamil Nadu to finalize the modalities and complete the process of export of respective allocated quantities of Red Sanders wood.

ECB Policy Liberalised for public sector Oil Marketing Companies

October 3, 2018 339 Views 0 comment Print

It has been decided, in consultation with the Government of India, to liberalise ECB Policy and permit public sector Oil Marketing Companies (OMCs) to raise ECB for working capital purposes with minimum average maturity period of 3/5 years from all recognized lenders under the automatic route.

Write Off- No Loan Waiver

October 3, 2018 2976 Views 0 comment Print

An article has been reported in news media regarding write-off of loans by Public Sector Banks (PSBs). Technical write-offs are resorted by banks as per Reserve Bank of India (RBI) guidelines. However, this does not lead to any loan waiver. Recovery of loans continues rigorously by Banks. In fact the defaulting management of most Insolvent companies has been removed under the IBC.

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