As per Instruction No. 14/2020-Customs dated 21st July 2020 we are submitting the suggestions for review of existing Customs Duty Exemption Notifications/Customs Laws & Procedures (Annexure attached), as per the feedback received from our members and stakeholders.
.The objective of this discussion paper is to seek comments / views from the public and market intermediaries on Recalibration of threshold for Minimum Public Shareholding norms (MPS) in companies which undergo Corporate Insolvency Resolution Process (CIRP) and seek relisting of its shares pursuant to implementation of the approved resolution plan.
What is the manner in which the company can buy back its own shares? Can a company buyback its shares without passing shareholders’ resolution? Where can one get details of companies proposing to buyback their shares?
Frequently Asked Questions (FAQs) – Distressed Asset Fund – Subordinated Debt for Stressed MSMEs (DAF-SDSM) / Credit Guarantee Scheme for Subordinate Debt (CGSSD) 1. What is Distressed Asset Fund – Subordinated Debt for Stressed MSMEs? The “Distressed Asset Fund – Subordinated Debt for Stressed MSMEs” is a scheme framed by Ministry of MSME under which […]
Commissioner of Central Excise Vs Cera Board and Doors (Supreme Court) In fine, these appeals are disposed of, confirming the impugned orders of CESTAT setting aside the Orders in Original passed by the Adjudicating Authorities and remanding the matters back for readjudication. However, while carrying out the exercise of readjudication, the Adjudicating Authorities should keep […]
National Anti-Profiteering Authority (NAA) finds no violation of Anti-Profiteering provisions in construction service. Benefit of ITC not availed post-GST.
Shri M. Srinivas Vs Director General of Anti-Profiteering (NAA) Respondent has contravened the provisions of Section 171 (1) of the CGST Act, 2017. However, since, the penalty prescribed under Section 171 (3A) of the CGST Act, 2017 for violation of the above provisions has come in to force w.e.f. 01.01.2020 and the infringement pertains to […]
MHA issued revised clarification on 22nd August on its order dated 29th July 2020, wherein No curb on inter and intra state movement of persons and goods. Now henceforth no separate permission/approval/e permit will be needed for such movement. Home Secretary Government of India North Block, New Delhi D.O. No. 40-3/2020-DM-I(A) Dated : 22nd August, […]
Standard Operating Protocol (SOP) for travel on Vande Bharat and Air Transport Bubble flights- In order to contain the spread of COVID-19 pandemic, Central Government had taken a series of steps to curtail the inward/ outward movement of international passengers (both foreigners and Indians) in a calibrated manner. Further international air travel of passengers (except as permitted by MHA) has been prohibited under MHA’s Orders related to lockdown/ Unlock guidelines. For bringing back Indian Nationals stranded abroad, Government of India has launched Vande Bharat mission.
The entities issuing and/or listing their debt securities in IFSC shall prepare their statement of accounts in accordance with IFRS/ US GAAP/ IND AS or accounting standards as applicable to them in their place of incorporation. In case an entity does not prepare its statement of accounts in accordance with IFRS/ US GAAP/ IND AS, a quantitative summary of significant differences between national accounting standards and IFRS shall be prepared by such entity and incorporated in the relevant disclosure documents to be filed with the exchange.
