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SEBI modifies Procedural Guidelines for Proxy Advisors

December 31, 2020 825 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 26187 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 2289 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 2166 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 […]

Creation of Security in issuance of listed debt securities and ‘due diligence’ by debenture trustee(s) – Extension of timeline for implementation

December 31, 2020 861 Views 0 comment Print

SEBI, vide circular no. SEBI/HO/MIRSD/CRADT/CIR/P/2020/218 dated November 03, 2020, specified requirements with regard to creation of security in issuance of listed debt securities and due diligence to be carried out by debenture trustee(s), which were applicable from January 01, 2021.

Income Tax Department conducts searches in Delhi

December 31, 2020 960 Views 0 comment Print

The Income Tax Department carried out search and seizure action on a number of hawala operators engaged in the activity of routing and handling unaccounted cash in Delhi region. The search action has resulted in unearthing of incriminating evidences revealing various shell entities being used for raising bogus purchase/sale bills, and routing of unaccounted funds through several layers of bank accounts. Such shell entities are closed after two months, and new ones are formed.

Small Savings Scheme Interest rates- January 2021 to March 2021

December 30, 2020 6558 Views 0 comment Print

Rate of interest w.e.f 1st January, 2021 and ending on 31st March, 2021 on Small Savings Scheme i.e. Post Office Savings Account, 1,2,3,5 Year Time Deposit, 5 Year Recurring Deposit Scheme, Senior Citizen Savings Scheme, Monthly Income Account, National Savings Certificate (VIII Issue), Public Provident Fund Scheme, Kisan Vikas Patra and Sukanya Samriddhi Account scheme. […]

Section 234B interest cannot be levied when entire income is subject to TDS

December 30, 2020 1533 Views 0 comment Print

NGC Network Asia LLC Vs DDIT- International Tax (ITAT Mumbai) One of The ground raised by the assessee is with regard to charging of interest u/s.234B of the Act. We find that assessee is a non-resident whose entire income is subject to deduction of tax at source u/s.195 of the Act. Accordingly, the assessee had […]

Recognition of CMA Courses of Institute of Cost Accountants of India by UK NARIC

December 30, 2020 5022 Views 0 comment Print

CMA Biswarup Basu, President, The Institute of Cost Accountants of India informed that the International Affairs Committee of the Institute, with the objective of enhancing the recognition and professional opportunities for its students and members across the globe had engaged UK NARIC (National Recognition Information Centre in United Kingdom) to conduct an independent benchmarking study for evaluating the comparability of the CMA Intermediate and Final Course in the context of the UK and UAE education systems.

ICSI extends provision of making e-MSOP accessible to eligible students

December 30, 2020 3066 Views 0 comment Print

Extension in the provision of making e-MSOP accessible to eligible students by relaxing the criterion of two years’ time bar up to 31.03.2021 The Institute Of Company Secretaries India ICSI/TRG/12/2020 30.12.2020 Circular No. Trg-08/2020 Department of Training Subject: Extension in the provision of making e-MSOP accessible to eligible students by relaxing the criterion of two […]

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