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Legal Entity Identifier: Extension of deadline to 30.09.2020

March 27, 2020 2040 Views 0 comment Print

In the context of the difficulties arising from the outbreak of novel coronavirus disease (COVID-19), and with a view to enabling smoother implementation of the LEI system in non-derivative markets, the timeline for implementation (Phase III) is extended

COVID-19 – RBI Regulatory Package

March 27, 2020 6681 Views 0 comment Print

The rescheduling of payments, including interest, will not qualify as a default for the purposes of supervisory reporting and reporting to Credit Information Companies (CICs) by the lending institutions. CICs shall ensure that the actions taken by lending institutions pursuant to the above announcements do not adversely impact the credit history of the beneficiaries.

RBI Circulars on Change in Repo/Reverse Repo Rates dated 27.03.2020

March 27, 2020 2181 Views 0 comment Print

As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 75 basis points from 5.15 per cent to 4.40 per cent with immediate effect.

SEBI further Relaxes LODR Regulations, 2015

March 26, 2020 3582 Views 0 comment Print

Further relaxations from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) and the SEBI circular dated January 22, 2020 relating to Standard Operating Procedure due to the CoVID -19 virus pandemic

Tariff Notification No. 33/2020-Customs (N.T.), Dated: 26.03.2020

March 26, 2020 1050 Views 0 comment Print

Tariff Notification No. 33/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 33/2020-CUSTOMS (N.T.) New Delhi, 26th March, 2020 6 Chaitra, 1942 (SAKA) S.O. […]

Customs Exchange Rate of Korean Won wef 27th March, 2020

March 26, 2020 534 Views 0 comment Print

Exchange Rates Notification No.32/2020-Custom (NT) dated 26.03.2020- notifying Customs Exchange Rate of Korean Won wef 27th March, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 32/2020 – Customs (N.T.) New Delhi, dated the 26th March, 2020 6 Chaitra 1942 (SAKA) In exercise of […]

Kerala HC extends interim Orders by one month

March 25, 2020 705 Views 0 comment Print

Having regard to the public announcement of imposing a total lock down in the wake of outbreak of pandemic Corona Virus, resulting in immobilization of public at large, and total stoppage of public transport, litigants would find it difficult to approach the Courts to vindicate their grievances. Therefore, we deem it proper to issue directions in the instant suo motu writ petition.

SC explains when additional Tax under Section 143(1-A) can be imposed

March 25, 2020 3018 Views 0 comment Print

Rajasthan State Electricity Board Vs. DCIT (Supreme Court) Section 143(1-A) can only be invoked where it is found on facts that the lesser amount stated in the return filed by the assessee is a result of an attempt to evade tax lawfully payable by the assessee. The burden of proving that the assessee has so […]

SC order binding on everyone in India; NCLT benches to remain close till 31.03.2020

March 25, 2020 744 Views 0 comment Print

National Company Law Tribunal 6th Floor, Block-3, CGO Complex, Lodhi Road New Delhi-110003 Dated: 24.3.2020 NOTICE 1.With regard to Limitation,it is clear that the order dated 23.3.2020 passed by Hon’ble Supreme Court in suo motu WP-03/2020 is binding on everyone in India,for further clarification,it is hereby clarified that the litigant public with regard to the […]

Gujarat HC implements hearing & efiling of matters via Video Conferencing

March 25, 2020 1065 Views 0 comment Print

HIGH COURT OF GUJARAT PRESS NOTE Date: 24/03/2020 Subject: Successful implementation of video conferencing based hearing and efiling of matters by High Court of Gujarat To address the present Corona Virus pandemic challenged situation and to substantially curb the footfall in the High Court premises, under the guidance of Honourable the Chief Justice of High […]

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