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Corrigenda to Income Tax Circular No. 09 of 2020, Dated: 22.04.2020

April 27, 2020 5334 Views 0 comment Print

CORRIGENDA TO CIRCULAR NO.9 OF 2020 DATED 22.04.2020 In the Circular No. 9/2020 of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct taxes), issued on the 22nd April, 2020,—

File FORM GST PMT 09, to transfer/shift money in Electronic Cash ledger

April 27, 2020 1530 Views 0 comment Print

File FORM GST PMT 09, to transfer/shift the money available in Electronic Cash ledger, between various major and minor heads of GST Taxpayers deposit money using challan and the paid amount gets credited in the particular head in the Electronic Cash ledger and the same can be utilized in settling liabilities of that head only. […]

Possible wealth creation through “Disruption-Proof” Businesses

April 27, 2020 1332 Views 1 comment Print

Lockdown due to Coronavirus has provided me the much needed time to pursue my passion of reading the Annual Reports of the Companies and analyze the Profit & Loss Accounts, Balance Sheets, Cash Flow Statements etc.Equity markets in India over the last four decades have created tremendous amount of wealth for investors.

Enforceability of Arbitration Clause in an Unstamped Arbitration Agreement

April 27, 2020 2604 Views 0 comment Print

Enforceability of Arbitration Clause in an Unstamped Arbitration Agreement Vis-À-Vis Section 9 and Section 11 of the Arbitration and Conciliation Act, 1996; A Conundrum

Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2020

April 27, 2020 15150 Views 0 comment Print

Acquisition after renunciation of rights.- A person resident outside India who has acquired a right  from a person resident in India who has renounced it may acquire equity instruments (other than share warrants) against the said rights as per pricing guidelines specified under rule 21 of these rules

Relax FEMA compliance due to COVID-19 pandemic: ICSI

April 26, 2020 5838 Views 0 comment Print

ICSI made a representation to RBI GOvernor requesting Relaxation from compliance with provisions of Foreign Exchange Management Act, 1999 (FEMA) due to the COVID-19 pandemic. Text of the Same is as follows:- Institute of Company Secretaries of India ICSI:PFP: 2020 April 16, 2020 Shri Shaktikanta Das Governor Reserve Bank of India Central Office Building Shahid […]

Summary of Guidelines-COVID 19

April 25, 2020 4485 Views 0 comment Print

1. Epidemic Disease (Amendment) Ordinance 2020 for Protection of Members of Healthcare Service During the current COVID- 19 pandemic, members of healthcare services have been subjected to stigmatization and ostracization and have been targeted and attacked by miscreants, thereby obstructing them from doing their duties. While this has deeply hurt their morale, at the same […]

SOP for MSMEs at work place to be followed in view of COVID-19

April 25, 2020 2775 Views 0 comment Print

This is to inform you that Ministry of MSME, Government of India has come out with Standard Operating Procedure (SOP) for MSMEs at work place to be followed in view of COVID-19 in English and Hindi.  For any clarification on SOP, order dated 15.04.2020 issued by Ministry of Home Affairs, Government of India, may kindly be […]

Mutual Will comes Into Effect on Death of Either of Joint Testators

April 24, 2020 10989 Views 1 comment Print

Principle of, a mutual Will coming into effect and binding also the testator who may still be alive, on the death of one of the two testators, is well enshrined in the Indian Law.

SC on Sufficiency of Notice Sent under Certificate of Posting

April 24, 2020 4431 Views 0 comment Print

Mohd. Asif Naseer Vs West Watch Company (Supreme Court) It may be so that mere receipt of notice having been sent under certificate of posting, in itself, may not be sufficient proof of service, but if the same is coupled with other facts and circumstances which go to show that the party had notice, the […]

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