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Notifications/Circulars

Foreign Contribution (Regulation) (Amendment) Rules, 2020

November 10, 2020 9684 Views 0 comment Print

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

Govt to regulate Netflix, Amazon Prime & other OTT platforms

November 9, 2020 1479 Views 0 comment Print

Central government has brought Over The Top (OTT) platforms, or video streaming service providers such as Netflix, Amazon Prime, Hotstar ALt Balaji and others, under the Piurview of the Ministry of Information and Broadcasting by issuing Government of India (Allocation of Business) Three Hundred and Fifty Seventh Amendment Rules, 2020. CABINET SECRETARIAT NOTIFICATION New Delhi, […]

MCA permits documents due for filing till 30.11.2020 under LLP Settlement Scheme

November 9, 2020 3285 Views 0 comment Print

Timeline for filing of belated documents has been extended upto 30th November, 2020 due to Extension of LLP Settlement Scheme, 2020. General Circular No. 37/2020– MCA permits Any ‘defaulting LLP’ to tile belated documents, which were due for filing till 30th November, 2020 in accordance with the provisions of LLP Settlement Scheme, 2020. if further […]

Requirement of holding valid AFA also applies to IPs undertaking voluntary liquidation process under IBC

November 9, 2020 1362 Views 0 comment Print

In the present matter, it is observed that, Mr. Dua had mentioned the acceptance of assignment of voluntary liquidation in matter of I V Share and Stock Brokers Ltd before 31.12.2020 however, the documents were not signed until February by one of the key directors. Mr. Dua had given his written consent to act as […]

Standard Operating Procedure for Processing FDI Proposals

November 9, 2020 2559 Views 0 comment Print

Upon receipt of the FDI application, the concerned Administrative Ministry/Department shall process the application as per the Standard Operating Procedure (SOP). If the online filing of application is with digital signature by authorised signatory, physical submission of the copy is not required. For applications without digital signature, once the e-filing of the application is completed, […]

Weekly newsletter from Chairman, CBIC dated 09/11/2020

November 9, 2020 843 Views 0 comment Print

The DGHRD is in the process of developing a utility for monitoring progress of infrastructure projects. While such a mechanism is being put in place, concerned formations should take care to ensure timely submission of the proposals

ADD on imports of ‘Carbon Black used in rubber applications’ extended till 31.12.2020

November 9, 2020 1101 Views 0 comment Print

Seeks to amend notification No. 54/2015-Customs (ADD), dated 18th November 2015 to extend the levy of ADD on imports of ‘Carbon Black used in rubber applications’ originating in or exported from China PR and Russia, for a further period upto and inclusive of 31st December, 2020. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, […]

Income Tax Department searches at Chennai based IT Infra group

November 7, 2020 1173 Views 0 comment Print

The Income Tax Department has carried out searches at 5 locations in Chennai and Madurai on 4.11.2020 in the case of a Chennai based group operating in IT Infra sector.

Income Tax Department conducts searches in Kerala

November 6, 2020 906 Views 0 comment Print

The Income Tax Department has carried out search and seizure operations on 05.11.2020 in the case of a well-known self-styled evangelist of Thiruvalla in Kerala and his group of various trusts that enjoy exemption under the Income-tax Act, 1961 as charitable/religious trusts.

Income Tax Department conducts searches in West Bengal

November 6, 2020 918 Views 0 comment Print

The Income Tax Department has carried out searches on 05/11/2020 in the case of one prominent coal trader of West Bengal having premises in Raniganj, Asansol, Purulia and Kolkata. The searches were based on intelligence gathered, which indicated that large scale unaccounted cash was being generated and used for various purposes.

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