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IBC not prevents closure of Liquidation Process in case ‘Corporate Debtor’ is sold as a going concern

September 23, 2021 5526 Views 0 comment Print

In this case, the NCLAT set aside an order of the NCLT where the NCLT rejected an application by the liquidator seeking closure of the liquidation process as the corporate debtor was being sold as a going concern under the Insolvency and Bankruptcy Board of India (Liquidation process) Regulations, 2016

Central Civil Services (Payment of Gratuity under National Pension System) Rules, 2021

September 23, 2021 1845 Views 1 comment Print

(1) These rules may be called the Central Civil Services (Payment of Gratuity under National Pension System) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

Impose anti-­dumping duty on Import of HFC Component R-32: DGTR

September 23, 2021 2307 Views 0 comment Print

Authority is of the view that imposition of anti­dumping duty on Import of Hydrofluorocarbon (HFC) Component R-32 is required to offset dumping and injury. The Authority considers it necessary and recommends imposition of anti-dumping duty on imports of subject goods from the subject country. Having regard to the lesser duty rule followed by the Authority, […]

China dumping Silicone Sealants at below normal value: DGTR

September 23, 2021 1743 Views 0 comment Print

The product under consideration i.e. Silicone Sealants has been exported from the China at a price below the normal value, thus resulting in dumping. The domestic industry has suffered material injury. The examination of the imports of the subject product and the performance of the domestic industry shows that the volume of imports from subject […]

Graduate Insolvency Program Common Entrance Test (GIPCET) 2021

September 22, 2021 4215 Views 0 comment Print

The National Law Institute University, Bhopal GRADUATE INSOLVENCY PROGRAM COMMON ENTRANCE TEST (GIPCET) 2021 About National Law Institute University, Bhopal (NLIU) The National Law Institute University, Bhopal (NLIU), was established by the Rashtriya Vidhi Sansthan Vishwavidyalaya Adhiniyam, Act No. 41 of 1997,(substituted by Act No. 06 of 2018) enacted by the Madhya Pradesh State Legislature. […]

Exposure Draft of Deferred Tax related to Assets & Liabilities arising from a Single Transaction

September 22, 2021 537 Views 0 comment Print

Exposure Draft of Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Amendments to Ind AS 12, Income Taxes- Accounting Standards Board has issued Exposure Draft of amendments in Ind AS 12 corresponding to IASB’s amendments in IAS 12 on Deferred Tax related to Assets and Liabilities arising from a Single Transaction.

No condition under Export of Service Rules, 2005 that services performed in India would not qualify as export of service

September 22, 2021 1692 Views 0 comment Print

IBM India Private Limited Vs C.C.E. & S.T.-Bangalore-ltu (CESTAT Bangalore) Admittedly the appellants are providing the services to their foreign company situated outside India and their parent company does not have any commercial or industrial establishment or any office in India and the services by appellant are provided in relation to provision of service recipient […]

BAS services to group companies outside India on principal to principal basis cannot be treated as ‘Intermediary Services’

September 22, 2021 1407 Views 0 comment Print

Sales marketing and support services provided to its group companies are export of service because the said services have been provided on principal to principal basis and there is no element of principal-agent relationship.

SC upheld termination of staff for suppressing factum of conviction prior to recruitment

September 22, 2021 2862 Views 0 comment Print

Rajasthan Rajya Vidyut Prasaran Nigam Limited Vs Anil Kanwariya (Supreme Court of India) The question is not about whether an employee was involved in a dispute of trivial nature and whether he has been subsequently acquitted or not. The question is about the credibility and/or trustworthiness of such an employee who at the initial stage […]

National Single Window System for Investors & Businesses Launched

September 22, 2021 477 Views 0 comment Print

National Single Window System for Investors and Businesses Launched by Shri Piyush Goyal. National Single Window System, a giant leap, towards making India Aatmanirbhar – Shri Piyush Goyal. NSWS will usher in Azadi from legacy of running to Govt. offices for approvals and registrations- Shri Piyush Goyal

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