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Juvenile Justice (Care and Protection of Children) Amendment Act, 2021

August 9, 2021 1137 Views 0 comment Print

(1) This Act may be called the Juvenile Justice (Care and Protection of Children) Amendment Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Constitution (One Hundred and Twenty-seventh Amendment) Bill, 2021

August 9, 2021 591 Views 0 comment Print

In order to adequately clarify that the State Government and Union territories are empowered to prepare and maintain their own State List/ Union territory List of SEBCs and with a view to maintain the federal structure of this country, there is a need to amend article 342A and make consequential amendments in articles 338B and […]

Corporate Governance & Disclosure Requirements for a Finance Company- Guidelines

August 9, 2021 1068 Views 0 comment Print

The generic guidelines as contained in Part I of this Circular shall be applicable to every Finance Company registered with the International Financial Services Centres Authority (hereinafter referred to as ‘Authority’) under regulation 3 of the Regulations.

Payment of Wages and Minimum Wages (Maharashtra Amendment) Act, 2010

August 9, 2021 6126 Views 0 comment Print

Payment of Wages and Minimum Wages (Maharashtra Amendment) Act, 2010 is An Act further to amend the Payment of Wages Act, 1936 and the Minimum Wages Act, 1948, in their application to the State of Maharashtra and Provided that, all wages payable to the employed persons, who are in continuous service as stipulated in section […]

Refund of Excess custom duty paid cannot be withheld on the ground of limitation

August 8, 2021 3024 Views 0 comment Print

UPL Limited Vs Union of India (Gujarat High Court) It is an undisputed fact that the petitioner paid custom duty to the tune of Rs.17,25,172/- for the goods imported on 11/04/2016. Again he paid an amount to the tune of Rs.95,07,943/- on 12/04/2016 for different consignment imported by the petitioner. The petitioner was supposed to […]

Education Cess allowable & is not a Capital or Personal Expense

August 8, 2021 1872 Views 0 comment Print

Expeditors International (India) Pvt. Ltd. Vs DCIT (ITAT Delhi) Education Cess is not of the nature described in sections 30 to 36, Education Cess is not in the nature of capital expenditure, Education Cess is not personal expense of the Assessee, it is mandatory for it to pay Education Cess and for the purpose of […]

MahaRERA: Invoking Force Majeure for Covid-19 Pandemic second wave

August 6, 2021 3864 Views 0 comment Print

Whereas, in view of COVID-19 (Corona Virus) Pandemic and consequent nation-wide lockdown with effect from March, 2020, reverse migration of labourers to their native places and break in supply chain of construction material, the construction activities of real estate projects across the country had been severely impacted.

RBI allows banks to extend export credit using any widely accepted Alternative Reference Rate

August 6, 2021 720 Views 0 comment Print

In view of the impending discontinuance of LIBOR as a benchmark rate, it has been decided to permit banks to extend export credit using any other widely accepted Alternative Reference Rate in the currency concerned. All other instructions in this regard shall remain unchanged.

SVLDRS 2019: ‘Redemption fine’ is a kind or type of ‘penalty’

August 6, 2021 3891 Views 0 comment Print

Jay Shree Industries Vs Union of India (Allahabad High Court) Whether ‘redemption fine’ falls within the meaning of the word ‘penalty’ used in section 129 of the Scheme, we find neither word has been defined under the Scheme or the Rules framed thereunder or the principal Act, namely the Central Excise Act, 1944. Indisputably, the […]

Final IRDAI Order in the matter of Corporation Bank, Corporate Agent

August 6, 2021 2436 Views 0 comment Print

Bank is having Corp Mediclaim Product group health insurance tie up with the New India Assurance Company limited to fulfill the health insurance requirements of bank account holders. The CA requested the New India insurance company (NIACL) about rectification of wrong group size.

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