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DGFT amends Validity period for import & Revalidation of Authorisation

July 22, 2021 8181 Views 0 comment Print

Para 4.41 of Handbook of Procedures 2015-20 is amended to allow only one revalidation for a period of 12 months to Advance Authorisations issued on or after 15.08.2020 (instead of 2 revalidation of 6 months each, provided earlier).

Essential Defence Services Bill, 2021 introduced in Lok Sabha

July 22, 2021 699 Views 0 comment Print

Essential Defence Services Bill, 2021 is introduced in Lok Sabha on 22/07/2021 to replace Essential Defence Services Ordinance, 2021. As Parliament was not in session and urgent legislation was required to be made, the President promulgated the Essential Defence Services Ordinance, 2021 on the 30th June, 2021. Essential Defence Services Bill, 2021 is a bill […]

Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing (Amendment) Rules, 2021

July 22, 2021 1407 Views 0 comment Print

(1) These rules may be called the Debts Recovery Tribunals and Debts Recovery Appellate Tribunals Electronic Filing (Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

FM message to Income Tax Department on 161st Income Tax Day

July 22, 2021 1329 Views 0 comment Print

Nirmala Sitharaman Minister of Finance and Corporate Affairs Government of India Dy. No. 1759745 FM/FMP/2021 22/07/21 Message My heartiest felicitation to the Income Tax Department on the occasion of the 161st Income Tax Day. System of Direct Tax in India, though, is much older than that. Our ancient texts are replete with references to planned […]

IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2021

July 22, 2021 729 Views 0 comment Print

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 22nd July, 2021 Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2021 No. IBBI/2021-22/GN/REG077.– In exercise of the powers conferred by sections 196, 207 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency […]

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Third Amendment) Regulations, 2021

July 22, 2021 981 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Third Amendment) Regulations, 2021.

Companies (Incorporation) Fifth Amendment Rules, 2021

July 22, 2021 7488 Views 0 comment Print

MCA notifies Companies (Incorporation) Fifth Amendment Rules, 2021 vide notification no. G.S.R. 503(E) dated 22nd July, 2021. Vide this notification new Rule 33A. Allotment of a new name to the existing company under section 16(3) of the Act is been added after rule 33 of Companies (Incorporation) Rules, 2014 and new Form No.INC-11C is been […]

MCA notifies Changes in Section 4 | Memorandum | Companies Act, 2013

July 22, 2021 4284 Views 0 comment Print

MCA notifies Changes in Section 4 of Companies Act, 2013 which relates to Memorandum with effect from 1st September, 2021 vide Notification No. S.O. 2904(E). dated 22nd July, 2021. MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd July, 2021 S.O. 2904(E).—In exercise of the powers conferred by sub-section (2) of section 1 of the […]

CBDT further relaxes e-filing of Forms 15CA/15CB

July 20, 2021 24363 Views 5 comments Print

As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorized dealer for any foreign remittance.

Sunset Review investigation on imports of ‘Barium Carbonate’

July 20, 2021 951 Views 0 comment Print

Case No. (AD SSR) 27/2020 Sunset Review investigation concerning imports of ‘Barium Carbonate’ originating in or exported from China PR

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