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Discussion Paper on Corporate Liquidation Process

August 26, 2020 1515 Views 0 comment Print

Resources are scarce and have competing requirements. Further, the market and organizational failures do happen in a dynamic market conditions, requiring the reallocation of capital from inefficient to efficient uses and redeployment from failing companies to the ones which have better ideas about the ways and means to enhance the efficiency of the scarce capital.

Geographical Indications of Goods (Registration and Protection) (Amendment) Rules, 2020

August 26, 2020 1524 Views 0 comment Print

An application for registration of authorized user under section 17 may be made to the Registrar in Form GI-3 accompanied by a statement of case as to how the applicant claims to be the producer of the registered geographical indication.

Reporting of violations under SEBI Insider Trading Regulations

August 26, 2020 3579 Views 0 comment Print

SEBI vide Gazette Notification No. SEBI/LAD-NRO/GN/2020/23 dated July 17, 2020, has further amended the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations).

Narcotic Drugs and Psychotropic Substances (Regulation of Controlled Substances) Amendment Order, 2020

August 26, 2020 7716 Views 1 comment Print

This order may be called the Narcotic Drugs and Psychotropic Substances (Regulation of Controlled Substances) Amendment Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.

Debts Recovery Tribunal (Procedure) Amendment Rules, 2020

August 26, 2020 3978 Views 0 comment Print

(1) These rules may be called the Debts Recovery Tribunal (Procedure) Amendment Rules, 2020 (2) They shall come into force on the date of their publication in the Official Gazette.

SEBI Regulatory measures to continue till September 24, 2020

August 26, 2020 444 Views 0 comment Print

On review of the COVID-19 pandemic related situation, it has been decided that the regulatory measures introduced vide SEBI Press Release dated March 20, 2020′ , shall continue to be in force till September 24, 2020.

UCBs to submit returns under section with RBI by 30.09.2020

August 26, 2020 972 Views 0 comment Print

Reserve Bank hereby extends the said period of three months for the furnishing of the returns under Section 31 of the Act for the financial year ended on March 31, 2020 by a further period of three months. Accordingly, all UCBs shall ensure submission of the aforesaid returns to Reserve Bank on or before September 30, 2020.

Insurance claim cannot be denied for not holding valid PUC certificate

August 26, 2020 732 Views 0 comment Print

There are some misleading media reports to the effect that if there is no valid PUC certificate at the time of accident, claim under a motor insurance policy is not payable. It is hereby clarified that not holding a valid PUC certificate is not a valid reason for denying any claim under a motor insurance policy.

Interest on Net GST Liability wef 01.09.2020- Govt notifies New Battle for Taxpayer

August 25, 2020 88515 Views 5 comments Print

CBIC notified Proviso to Section 50(1) of CGST Act, 2017 – Interest in GST to be levied on Net Tax liability w.e.f September 1, 2020 and on Gross Liability till 31st August 2020. Section 50 of CGST Act 2017 was amended by Finance (No. 2) Act, 2019 (23 of 2019) by inserting a proviso to […]

MCA maiden success in recovery of $3.25 million in Nirav Modi case from USA

August 25, 2020 600 Views 0 comment Print

PNB has informed MCA which spearheaded the corporate governance litigation in a foreign jurisdictional Court, that it has received $ 3.25 million (equivalent of Rs. 24.33 crore) as the first tranche of recoveries.

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