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Summary of SC judgment in PMLA – Vijay Madanlal Choudhary Vs UOI

July 28, 2022 13590 Views 0 comment Print

Vijay Madanlal Choudhary & Ors. Vs Union of India & Ors. (Supreme Court) (i) The question as to whether some of the amendments to the Prevention of Money-laundering Act, 2002 could not have been enacted by the Parliament by way of a Finance Act has not been examined in this judgment. The same is left […]

Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2022

July 28, 2022 5811 Views 0 comment Print

These Regulations may be called the Foreign Exchange Management (Borrowing and Lending) (Third Amendment) Regulations, 2022.

TOLA Overrides Provisions of Income Tax Act in Matter of Time limits: ITAT

July 28, 2022 6750 Views 0 comment Print

Suminter India Organics Pvt. Ltd. Vs DCIT (ITAT Mumbai) ITAT held that When the overriding provisions of Taxation and Other Laws (Relaxations and Amendments of Certain Provisions) Act 2020 (TOLA) provide separate relaxations for the purpose of the legal obligations with respect to the filing of return vis-à-vis filing of other documents, to that extent, […]

Profiteering not applicable to projects registered under RERA after 01.07.2017

July 28, 2022 540 Views 0 comment Print

Since the registration was obtained for the subject projects post the introduction of Goods and Services Tax only, the provisions of Section 171 dealing with Anti-profiteering could not be made applicable to the said projects in the view of the fact that there was no additional ITC that had been made available to the Respondent,

NCLT Terminates CIRP of Sahara Hospitality as parties signed settlement

July 28, 2022 564 Views 0 comment Print

Delta Electro Mechanical Pvt. Ltd. Vs Sahara Hospitality Ltd. (NCLT Mumbai) NCLT Terminates CIRP of Sahara Hospitality as parties signed settlement whereby the parties have agreed to settle disputes amongst each other for an amount of Rs. 8,00,00,000/ The present application is filed under Section 12A of the Insolvency and Bankruptcy Code, 2016 read with […]

Relaxation in provision of submission of ‘Bill of Export’

July 27, 2022 1143 Views 0 comment Print

For discharge of export obligation under EPCG Authorizations, in case of supplies made to SEZ units prior to 01.04.2015, exporters can submit corroborative evidence in lieu of ‘Bill of Exports’

NCLT imposes penalty on Financial Creditor for Fraud & terminates CIRP

July 27, 2022 3342 Views 0 comment Print

The NCLT vide its order dated 18th July, 2022 terminated the corporate insolvency resolution process (CIRP) initiated against Videocon Infinity Infrastructure Private Limited (CD) and imposed a penalty of penalty of Rs.50 lakh on FC under section 65 of the Code.

Zone-Wise Division of CS Examination Centres

July 27, 2022 22686 Views 0 comment Print

ZONE-WISE DIVISION OF CS EXAMINATION CENTRES (EXECUTIVE & PROFESSIONAL PROGRAMME) The following examination centres have been divided into different zones as detailed below for the purpose of enrollment for the Executive Programme and Professional Programme examination to avoid hardship to students. The nearby areas covered in each zone have also been specified so that candidates […]

ICSI: One-time special window to accept Annual Membership/COP fees

July 27, 2022 936 Views 0 comment Print

ICSI has decided to open a one-time special window from 23rd July to 31st July, 2022 to accept Annual Membership / COP fees for FY 2022-23

FRQRR of ISGEC Heavy Engineering Limited by NFRA

July 27, 2022 1713 Views 0 comment Print

Financial Reporting Quality Review Report (FRQRR) in respect of ISGEC Heavy Engineering Limited for the FY 2019-20.  Company: ISGEC Heavy Engineering Limited CIN: L23423HR1933PLC000097 Financial Reporting for the Financial Year: 2019-20 Financial Reporting Framework: Indian Accounting Standards (Ind AS) Report No: NF- 20011/12/2021 Date of Report – 20.07.2022 National Financial Reporting Authority 7th Floor, Hindustan […]

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