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Reserve Bank of India introduces RBI-Digital Payments Index

January 1, 2021 3180 Views 0 comment Print

As announced in the Statement on Developmental and Regulatory Policies as part of the Sixth Bi-monthly Monetary Policy Statement for 2019-20 dated February 06, 2020, the Reserve Bank of India has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country.

SEBI imposes penalty for alleged manipulative trades on RIL, Mukesh Ambani & 2 Other entities

January 1, 2021 3525 Views 0 comment Print

In re Reliance Industries Ltd (SEBI) It was observed by RIL has entered into a scheme of manipulative trades in respect of the sale of 5% of RIL stake in RPL. However, before undertaking sale transactions in the Cash Segment, RIL fraudulently booked large short positions in the RPL November Futures through 12 Agents with […]

IBBI asked RP to be extremely careful, diligent & act strictly as per law

January 1, 2021 1779 Views 0 comment Print

In view of above, the DC finds that Mr. Arumugam, as an RP, has contravened, the provisions of section 208(2)(a), Regulation 7(2)(h) of the IP Regulations and clause 16 of the Code of Conduct under regulation 7(2) thereof for not maintaining written contemporaneous records for taking decisions during the CIRP. The DC, therefore, in exercise […]

DGGI Gurugram arrests 3 for fraudulently claiming ITC of Rs 12.90 crore

January 1, 2021 879 Views 0 comment Print

The Directorate General of GST Intelligence (DGGI), North Zone, Gurugram has arrested three persons, namely Shri Alok Bhargava and his sons Shri Akul and Shri Atin Bhargava, owners of M/s Delhi Foils, M/s Abinox Industries and M/s Matalax Industries, Wazirpur, New Delhi.

CCI amends one of the formats prescribed for notification of proposed combinations in Form I

January 1, 2021 345 Views 0 comment Print

By way of the Competition Commission of India (Procedure in regard to the Transaction of Business relating to Combinations) Amendment Regulations, 2020, the Commission has deleted paragraph 5.7 of Form I, one of the formats prescribed for notification of proposed combinations.

Model Standing Orders for Service Sector, 2020

December 31, 2020 9504 Views 0 comment Print

(1) These Model Standing Orders may be called the Model Standing Orders for Service Sector, 2020; (2) They extend to all States and Union territories within India to the industrial establishments employing three hundred or more number of workers who are working in the industrial establishments and which are covered under the Occupational Safety, Health and Working Conditions Code, 2020 (37 of 2020) and the rules made thereunder under the control of Central Government or the State Government engaged in service sector.

SEBI modifies Procedural Guidelines for Proxy Advisors

December 31, 2020 1029 Views 0 comment Print

Proxy Advisors shall alert clients, within 24 hours of receipt of information, about any factual errors and any impending material revisions to their reports. Further, any such material revisions to their reports shall be communicated to the clients within 72 hours of receipt of the information, while ensuring that adequate time is available for clients to make an informed decision

Scheme Guidelines for Implementation of Aatmanirbhar Bharat Rozgar Yojana

December 31, 2020 26892 Views 3 comments Print

Scheme Guidelines for Implementation of Aatmanirbhar Bharat Rozgar Yojana (ABRY) – to incentivize creation of new employment opportunities in EPFO registered establishments.

RTI applicants not expected to Clog System with Barrage of RTIs

December 31, 2020 2607 Views 0 comment Print

Radha Raman Tripathy Vs CPIO (Central Information Commission) As much as a CPIO has a statutory responsibility of complying with the provisions of the RTI Act, it is also expected of the RTI Applicant/s to not undermine the spirit of the RTI Act by clogging the system with such a barrage of RTI applications, merely […]

Notification No. 53/2015-2020 Dated: 31.12.2020 – Delegation of Financial Power

December 31, 2020 2805 Views 0 comment Print

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) New Delhi, the 31st December 2020 Notification No. 53/2015-2020 S.O. 4794(E).—In exercise of the powers conferred by section 13 of the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992) and in supersession of the earlier Notifications mentioned below, the Central […]

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