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SEBI (Mutual Funds) (Second Amendment) Regulations, 2020

October 29, 2020 2046 Views 0 comment Print

1. These Regulations may be called the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette.

Govt prohibits Export of Onion seeds

October 29, 2020 891 Views 0 comment Print

The Export of Onion seeds is prohibited, with immediate effect. The provisions under Transitional Arrangement (Para 1.05 of the FTP 2015-20) shall not be applicable under this notification.

CGST officials bust racket for generating fraudulent ITC via fake billing

October 29, 2020 1293 Views 0 comment Print

Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST),Commissionerate, Delhi (East) have busted a major racket for generation of huge inadmissible input tax credit (ITC) through fake billing of Rs 1,278 crore (approx).

DGGI Gurugram arrests man for forging ITC of around Rs 392 crore

October 29, 2020 1218 Views 0 comment Print

The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one Kabir Kumar, resident of New Delhi on charges of creating and operating fictitious firms on forged documents and passing fake input tax credit by way of issuance of invoices without any actual receipt or supply of goods or services.

IBBI penalises IP for not taking due diligence while performing duties as an IRP

October 29, 2020 1734 Views 0 comment Print

In view of the above, and the fact of failure to bring to the notice of the CoC by Mr. Bhat as to the moratorium imposed on the transfer of the asset and to ratify and approve the payment of EMIs to the HDFC and payment of the outstanding dues to the vendors/ service providers […]

Without AFA, an IP is not eligible to undertake assignments

October 29, 2020 1317 Views 0 comment Print

In the present matter, DC notes that Mr. Dave gave consent for the CIRP of the CD on 2nd April, 2018 which was much prior to 31st December, 2019. However, due to various other issues, the CIRP of the CD commenced vide order dated 29th January, 2020. This commencement Order was only communicated to Mr. […]

IP violates code by charging fees as percentage of amount distributed or realised

October 29, 2020 960 Views 0 comment Print

Taking a percentage of the amount distributed/ amount realised out of the current assets of working capital of the CD by the Liquidator as his fee would only serve to vitiate the purpose of the Code. Instead of running the Company effectively, the liquidator may engage in distributing the working capital to earn a quick […]

SEBI (Prohibition of Insider Trading) (Second Amendment) Regulations, 2020

October 29, 2020 4359 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2020. They shall come into force on the date of their publication in the Official Gazette.

SEBI Chairman interacts with investors and other stakeholders from USA

October 29, 2020 468 Views 0 comment Print

Securities and Exchange Board of India Press Releases No. 57/2020 SEBI Chairman interacts with investors and other stakeholders from USA; Participants emphasize need for early finalization of direct listing scheme, development of Corporate Bond market and further reforms in IPO regulations Shri Ajay Tyagi, Chairman, SEBI along with other SEBI officials had an e-interaction on […]

Investigation on anti-dumping duty on imports of ‘Nylon Tyre Cord Fabric’

October 29, 2020 1908 Views 0 comment Print

Case No-SSR-10/2019 Sunset Review investigation concerning anti-dumping duty on imports of ‘Nylon Tyre Cord Fabric’ originating in or exported from China PR.

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