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IRDAI fines Bajaj Allianz General Insurance Company Ltd.

April 17, 2021 1437 Views 0 comment Print

The inspection, inter-alia, revealed that the insurer had been transacting motor insurance business through certain Automobile Dealers without appointing them as Motor Insurance Service Providers (MISP) to distribute and/ or service motor insurance policies. Based on the motor insurance premium register for the period 1st November, 2017 to 31st January, 2018, submitted by the insurer during the inspection, it was observed that the insurer had transacted the insurance business through automobile dealers who were not appointed as MISPs.

Pharma companies reduces prices of major brands of Remdesivir

April 17, 2021 1566 Views 0 comment Print

On the intervention of the Government, the major manufacturers/marketers of ‘Remdesivir injection’ have reported voluntary reduction in Maximum Retail Price (MRP). The revised prices of major brands of ‘Remdesivir injection 100mg/Vial’ are as follows:

Govt notifies 46 Sections of National Bank for Financing Infrastructure and Development Act, 2021

April 16, 2021 1017 Views 0 comment Print

Govt notifies applicability of 46 Sections of National Bank for Financing Infrastructure and Development Act, 2021 with effect from 19th day of April, 2021 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 16th April, 2021 S.O. 1657(E). – In exercise of the powers conferred by sub-section (3) of section 1 of the […]

Delhi HC Permits Service of Notice & Summons via Whatsapp/Email/Fax Amid Covid 19

April 16, 2021 5562 Views 0 comment Print

Till further orders, all documents/ not summons/Daks through physical mode be dispensed with, except where there, is a specific order to that effect by the Hon’ble Court, and that such service be instead permitted to be effected through e-mail/fax/whatsapp.

Extension of ad-hoc appointment of 174 officers to JCIT grade

April 16, 2021 1584 Views 0 comment Print

Office Order No.103 of 2021 [Extension of ad-hoc appointment to the grade of JCIT from 01.01.2021 to 31.12.2021 or till these officers are appointed to the grade of JCIT on regular basis, whichever is earlier] F. No. A-3201211212019-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes} ***** North Block, […]

IRDAI fines ‘Liberty General Insurance Limited’ for violating MISP Guidelines

April 16, 2021 1503 Views 0 comment Print

Insurance Regulatory And Development Authority of India  Ref: IRDA/NL/ORD/MISC/91/04/2021 Order in the matter of M/s Liberty General Insurance Limited. Based on the (i) Show Cause Notice (SCN) reference no. IRDAI/NL/Liberty/ SCN/207/2020-21 dated 29th September, 2020 in connection with onsite inspection by Insurance Regulatory and Development Authority of India (the Authority or IRDAI) from 30th July, […]

Consideration of matters by committee of creditors on committee members request

April 16, 2021 726 Views 0 comment Print

Regulation 18 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) provides that a resolution professional (RP) may convene a meeting of the committee of creditors (CoC), when he considers it necessary. He shall, however, convene a meeting of the CoC, if a request to that effect is made by members of the CoC representing 33% of the voting rights.

IBBI found IP not guilty of misconduct despite Delay in preparation of Information Memorandum

April 16, 2021 1701 Views 0 comment Print

The DC notes the submission of Mr. Nagarajan that the CIRP of Cethar Ltd. was very complex and the promoters of the CD took advantage of the gaps from date of order of the CIRP to the date of appointment of IRP and moved the documents and records of the CD out of his reach […]

ADD investigation on imports of ‘Copper & Copper Alloy Flat Rolled Products’

April 16, 2021 1755 Views 0 comment Print

Case No. AD-OI-06/2020 Anti-Dumping investigation concerning imports of Copper & Copper Alloy Flat Rolled Products originating in and exported from China PR, Korea RP, Malaysia, Nepal, Sri Lanka and Thailand

CBIC issued advisory on issue of SCN considering SC judgment in Canon India

April 16, 2021 9006 Views 0 comment Print

F.No. 450/72/2021-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Custom) ***** Room No. 227B, North Block, New Delhi Dated: 16th April 2021 To, The Principal Additional Director General, Directorate of Revenue Intelligence (DRI), New Delhi Sub:-  Hon’ble  Supreme  Court’s larger bench judgment  dated 09.03.2021 in the […]

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