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INDIA’S FOREIGN TRADE: April 2021

May 14, 2021 930 Views 0 comment Print

India’s overall exports (Merchandise and Services combined) in April 2021* are estimated to be USD 51.79 Billion, exhibiting a positive growth of 93.21 per cent over the same period last year. Overall imports in April 2021* are estimated to be USD 58.72 Billion, exhibiting a positive growth of 122.24 per cent over the same period last year.

Withholding of CA Student Result for Criticism of ICAI; HC Grants relief

May 13, 2021 31620 Views 22 comments Print

Risha Lodha D/O Bhagwat Singh Lodha Vs Institute Of Chartered Accountants Of India (Rajasthan High Court) (1)  The petitioner, a young girl-student of 21 years of age, has knocked at the doors of this Court being aggrieved by extreme oppressive action of a professional body-The Institute of Chartered Accountants of India (for short, ‘Institute’), which […]

Delhi HC quashes provisional attachment order of bank a/c of Director on fake ITC allegations on its company

May 12, 2021 1515 Views 0 comment Print

Roshni Sana Jaiswal Vs Commissioner of Central Taxes (Delhi High Court) The petitioner was acting as a director on the Board of Directors of a company, between 2006 and 2008 and the department initiated investigation against that that company alleging that the company was availing Input Tax Credit against fake/ineligible invoices. The petitioner was also […]

Covid-19 Vaccine – GST or no GST?

May 12, 2021 18786 Views 3 comments Print

Since last year or so, the entire country is going through tumultuous patches for society as a whole. Present second wave of COVID-19 has put the resources of country at greater strain wherein the entire mankind is struggling to keep their hope float leave alone the prospects of future.

Maharashtra extends Lockdown till 01st June 2021

May 12, 2021 4962 Views 0 comment Print

Maharashtra extends all the restrictions that have been imposed vide `Break the Chain’ orders dated 13th April, 21st April and 29th April,2021 along with all additions and clarifications issued thereof as well as imposes following additional restrictions in the State till 7 AM on 1st June, 2021.

Procedure for seeking prior approval for change in control of SEBI registered Portfolio Managers

May 12, 2021 870 Views 0 comment Print

Regulation 11(aa) provides that a Portfolio Manager shall obtain prior approval of SEBI in case of change in control in such manner as may be specified by SEBI. Accordingly, it has been decided that all SEBI registered Portfolio Managers shall comply with the following in case they propose a change in control:

SEBI specifies qualified financial market participants under Bilateral Netting of Qualified Financial Contracts Act, 2020

May 12, 2021 579 Views 0 comment Print

SEBI specifies qualified financial market participants under Bilateral Netting of Qualified Financial Contracts Act, 2020 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 12th May, 2021 No. SEBI/LAD-NRO/GN/2021/24.—In exercise of the powers conferred by clause (b) of Section 4 read with sub-clause (vi) of clause (o) of sub-section (1) of section 2 of the […]

Anti-dumping Investigation on imports of ‘Acrylonitrile Butadiene Rubber (NBR)’

May 12, 2021 1968 Views 0 comment Print

Case No. ADD-(OI)-15/2020 – Anti-dumping Investigation concerning imports of Acrylonitrile Butadiene Rubber (NBR) into India originating in or exported from China PR, European Union (EU), Japan and Russia

Gauhati HC directs for Reconnecting Electricity Supply to Industrial Unit

May 11, 2021 1170 Views 0 comment Print

BDS Steel Vs Assam Power Distribution Co. Ltd (Gauhati High Court) The learned Senior Counsel for the petitioner has submitted that in the writ petition, the petitioner has disputed that this was a case of theft of electricity and therefore, it is submitted that the petitioner is not required to approach the Special Court as […]

Covid 19: Letter by Mallikarjun Kharge & response by Anurag Thakur

May 10, 2021 957 Views 0 comment Print

A. Extract of letter by Shri. Mallikarjun Kharge, Member of Parliament, Leader of Opposition, (Ratya Sabha) dated 9th May 2021 to Prime Minister Shri Narendra Modi. Dear Prime Minister. On behalf of the people of India. I write to convey deep concern and sense of anguish regarding the unprecedented crisis the nation faces today. It […]

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