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ICSI Requests to relax time gap between two meetings of listed entities

May 19, 2021 4560 Views 0 comment Print

ICSI Request to relax the time gap between two board/Audit Committee meetings of listed entities owing to the Second Wave of CoVID-19 pandemic

Income from development agreement to Land Owner is capital gain if owner not undertaken any development activity

May 19, 2021 2937 Views 0 comment Print

Meena Lahoti Vs Income Tax Officer (ITAT Hyderabad) Learned counsel’s argued that both the learned lower authorities have erred in law and on facts in adding impugned short term capital gains of Rs.51,72,920/- thereby ignoring the clinching fact that she had in fact indulged in development of her land in issue in the nature of […]

Prepaid Payment Instruments (PPIs) – Guidelines for Interoperability

May 19, 2021 1923 Views 0 comment Print

i. It shall be mandatory for PPI issuers to give the holders of full-KYC PPIs (KYC-compliant PPIs) interoperability through authorised card networks (for PPIs in the form of cards) and UPI (for PPIs in the form of electronic wallets); ii. Interoperability shall be mandatory on the acceptance side as well;

Sunset Review Investigation on imports of Uncoated Copier Paper initiated

May 19, 2021 1071 Views 0 comment Print

Case No. (SSR – 08/2021) Initiation of Sunset Review Investigation concerning imports of Uncoated Copier Paper originating in or exported from Indonesia and Singapore.

Anti-dumping investigation on imports of Phthalic Anhydride (PAN)

May 19, 2021 3657 Views 0 comment Print

Case No. ADD-OI-11/2020 Anti-dumping investigation concerning the imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP and Thailand.

Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021

May 19, 2021 2181 Views 0 comment Print

Total Foreign Investment in an Indian Insurance Company, shall mean the sum total of direct and indirect foreign investment by Foreign Investors in such company, calculated in such manner as is specified in regulations made by the Authority with regard to registration of Indian Insurance Companies

Allow Bank & other essentials’ staff to commute by Local Trains in Mumbai

May 19, 2021 600 Views 0 comment Print

We regret to note content of above letter (COPY ATTACHED), not allowing staff of Banks (Nationalized/coop./Pvt) , stock brokers,  other essentials service providers , to commute by local Trains in Mumbai., in Lockdown II.

Gauhati HC stays Penalty imposed by Railways for misclassification of goods

May 18, 2021 1569 Views 0 comment Print

Vinayak Logistics and Anr Vs Union of India and 7 Ors (Gauhati High Court) Mr. Saraf, learned Senior counsel submits that such action of demand for misdeclaration that too after delivery of goods is in specific violation of Section 78 and 83 of the Railways Act 1989 and the law is settled by this Hon’ble […]

Insurance Ombudsman (Second Amendment) Rules, 2021

May 18, 2021 1011 Views 0 comment Print

In rule 7 of the Insurance Ombudsman Rules, 2017, in sub-rule (2), in clause (a), after the words may authorise, the words, and in case there is a vacancy in the office of the Chairperson of the Authority, the senior-most whole-time member of the Authority shall be inserted.

Consumer Protection (E-Commerce) (Amendment) Rules, 2021

May 17, 2021 3372 Views 0 comment Print

Where an e-commerce entity is a company incorporated under the Companies Act, 1956 (1 of 1956) or under the Companies Act, 2013 (18 of 2013) or a foreign company covered under clause (42) of section 2 of  the Companies Act, 2013 (18 of 2013) or an office, branch or agency outside India owned or controlled by a person resident in India as provided in sub-clause (iv) of clause (v) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999), it shall appoint a nodal officer or an alternate senior designated functionary who is resident in India, to ensure compliance with the provisions of the Act or the rules made thereunder.

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