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Open Network for Digital Commerce: Democratizing E-Commerce

July 24, 2023 726 Views 0 comment Print

ONDC aims to democratize digital commerce, lower entry barriers, encourage new business models, and ensure inclusive growth in India’s e-commerce sector.

Intellectual Property Rights Policy Management: All You Need to Know

July 24, 2023 600 Views 0 comment Print

India’s IPR Policy Management framework encompasses eight types of intellectual property rights and ensures streamlined application and protection processes.

EPF Interest Rate for 2022-23 Announced at 8.15%

July 24, 2023 789 Views 0 comment Print

India’s Ministry of Labour and Employment has declared an 8.15% interest rate for Employees’ Provident Fund (EPF) accounts for the year 2022-23.

Civic CVC: Empowering Secure Identity Verification on the Blockchain

July 24, 2023 318 Views 0 comment Print

Explore Civic CVC, a blockchain-based identity verification platform offering enhanced security and user control. Learn how Civic CVC revolutionizes identity management, ensuring secure transactions in finance, healthcare, and e-commerce. Discover the decentralized approach, global accessibility, and real-world applications, paving the way for a more secure digital identity ecosystem. Dive into the innovative features and benefits of Civic CVC, reshaping the future of blockchain-based identity verification.

Section 148A(d) Order passed Without Personal Hearing: Delhi HC Sets Aside

July 24, 2023 1293 Views 0 comment Print

The Delhi High Court recently dealt with two writ petitions (W.P.(C) 6061/2023 and W.P.(C) 6062/2023) concerning Assessment Year (AY) 2016-17. The issue raised in these petitions was similar to the one in another case titled “Harvinder Singh (HUF) v. Principal Commissioner of Income Tax & Anr.

HC explains specified authority under Section 151(ii) of Income Tax Act

July 23, 2023 4710 Views 0 comment Print

Gemini Overseas Limited filed a writ petition challenging the order passed under Section 148A(d) of the Income Tax Act, 1961, for the assessment year 2019-20. The petitioner contended that the order was passed without approval from the “Specified Authority” as required under Section 151(ii) of the Income Tax Act, 1961.

J&K Roads Development Agency Exempt from TDS deduction on Term Deposit Interest

July 23, 2023 549 Views 0 comment Print

Court ruled that the funds in the Term Deposit Accounts were the income of the Government of India and exempt from TDS under Section 196 of the Act. Moreover, the JKSRRDA, being wholly financed by the Central Government, was also eligible for exemption under Notification No. 3489 dated 22.10.1970, despite not being registered under the Central Societies Registration Act.

Extension of ICSI UDIN Amnesty Scheme 2023 till 31.07.2023

July 22, 2023 2136 Views 0 comment Print

ICSI has decided to launch the UDIN Amnesty Scheme, 2023 effective from July 21, 2023 to July 31, 2023 with a view to facilitate the Members.

Shareholders below 25% threshold do not trigger open offer obligations: SEBI

July 21, 2023 1194 Views 0 comment Print

Explore SEBI’s interpretative letter providing guidance on takeover regulations in response to Kreon Financial Services Ltd.’s query.

Bolts, Nuts and Fasteners (Quality Control) Order, 2023

July 21, 2023 8325 Views 0 comment Print

Details on the 2023 Quality Control Order from India’s Ministry of Commerce and Industry enforcing quality standards for bolts, nuts, and fasteners.

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