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Delhi Court convicts a Director for holding Directorship of More than 20 Companies

November 6, 2019 5277 Views 0 comment Print

Under the Rule 16 of The Companies (Appointment and Qualification of Directors) Rules 2014, the accused has the responsibility being Director to forward to the Registrar copy of resignation along with the applicable fees in Form DIR-11 within 30 days of such resignation.

Sluggishness of real estate sector needs to be addressed

November 6, 2019 624 Views 0 comment Print

Sluggishness of real estate sector needs to be addressed; Government is working with RBI to examine how existing laws can be tweaked to help the people who have been affected in the real estate sector: Finance Minister

Assessment based on Section 153D approval in mechanical manner without application of mind is invalid

November 6, 2019 4101 Views 0 comment Print

Rajesh Ladhani Vs DCIT (ITAT Agra) It is evident from the  CBDT Circular No. 3 of 2008, dated 12.3.2008 that the legislature in its highest wisdom made it compulsory that the assessments of search cases should be made with the prior approval of superior authority, so that the superior authority apply their mind on the […]

Notification No. 90/2019-Income Tax Dated: 05.11.2019

November 5, 2019 1320 Views 0 comment Print

Notification No. 90/2019-Income Tax Dated: 05.11.2019 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 90/2019 New Delhi, the 5th November, 2019 (INCOME-TAX) S.O. 4000(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 120 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the […]

Notification No. 89/2019-Income Tax, Dated: 05.11.2019

November 5, 2019 1320 Views 0 comment Print

Notification No. 89/2019-Income Tax, Dated: 05.11.2019 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 89/2019 New Delhi, the 5th November, 2019 (INCOME-TAX) S.O. 3999(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 120 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the […]

Listed cos. to submit data of members holding physical shares by 31.12.2019

November 5, 2019 3228 Views 0 comment Print

All Listed companies or their RTAs shall provide data of their members holding shares in physical mode, viz the name of shareholders, folio numbers, certificate numbers, distinctive numbers and PAN etc. (hereinafter, static database) as on March 31, 2019, to the Depositories, latest by December 31, 2019.

Notaries (Third Amendment) Rules, 2019

November 5, 2019 26952 Views 11 comments Print

A person may make an application for appointment as a notary online in Form I or Form II as applicable, addressed to such officer or authority of the appropriate Government as that Government may, by notification in the Official Gazette, designate in this behalf

Revised Award Guidelines for winning medals in Sports events for CBIC Dept officials

November 5, 2019 1077 Views 0 comment Print

Revision of Guidelines for Cash Awards for winning medals/civilian Awards in Sports and financial assistance, for participation in Sports events/ competitions) to the departmental officials

RBI Guidelines on Liquidity Risk Management Framework for NBFCs & CICs

November 4, 2019 14808 Views 0 comment Print

In order to strengthen and raise the standard of the Asset Liability Management (ALM) framework applicable to NBFCs, it has been decided to revise the extant guidelines on liquidity risk management for NBFCs.

IBBI Discussion Paper on Corporate Insolvency Resolution Process

November 3, 2019 1683 Views 0 comment Print

Discussion Paper on Corporate Insolvency Resolution Process deals with two issues, namely, essential supplies and the fee payable to insolvency professionals (IPs) in a corporate insolvency resolution process (CIRP).

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