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Aadhaar (Enrolment And Update) (Eighth Amendment) Regulations, 2020

June 30, 2020 6531 Views 0 comment Print

resident who is an Aadhaar number holder may, upon attaining the age of eighteen years, make an application for cancellation of his/her Aadhaar number to a Regional Office of Authority in the format prescribed in Schedule VI, so as to reach that Regional Office within a period of six months from the date of attaining the age of eighteen years.

Govt notifies ‘SLS Trust’ as financial institution under RDB Act 1993

June 30, 2020 1941 Views 0 comment Print

Central Government hereby notifies ‘SLS Trust’ as financial institution under sub clause (ii) of clause (h) of section 2 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act, 1993). Extract of Section 2(h) of Recovery of Debts and Bankruptcy Act, 1993 is as follows:- 2. Definitions. – In this Act, unless the context […]

IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2020 

June 30, 2020 798 Views 0 comment Print

1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, (2) They shall come into force on the date of publication in the Official Gazette.

Rule 11UAC Exemption from deeming provisions of section 56(2)(x)

June 29, 2020 6465 Views 0 comment Print

Rule 11UAC Exemption from deeming provisions of section 56(2)(x)-Prescribed class of persons for the purpose of clause (XI) of the proviso to clause (x) of sub-section (2) of section 56- Income Tax Notification No. 40/2020 dated 29th June, 2020. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 40/2020-Income Tax New […]

CORRIGENDUM to Income Tax Notification No. 35/2020

June 29, 2020 16005 Views 4 comments Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM Notification No 39/2020 New Delhi, the 29th June, 2020 TAXATION AND OTHER LAWS S.O. 2126(E).—In the notification of the Government of India, Ministry of Finance, (Department of Revenue) (Central Board of Direct Taxes), number 35/2020, dated the 24th June, 2020, published, vide, number […]

Govt allows export of PPE medical coveralls for COVID-19

June 29, 2020 1155 Views 0 comment Print

DGFT vide Notification No. 16/2015-20 dated 29.06.2020 has allowed the export of PPE medical coveralls for COVID-19 subject to quantitative restriction of 50 lakh units per month. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Notification No. 16/2015-2020 New Delhi, Dated: 29th June, […]

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2020

June 29, 2020 4227 Views 0 comment Print

MCA has vide Notification No. G.S.R. 420(E) dated 29th June, 2020 has issued and published the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2020 further to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. Full text of the notification is as follows:- […]

Timelines for submission of Life operational returns in BAP

June 29, 2020 1377 Views 0 comment Print

Life Insurers have been mandated to submit various returns- monthly, quarterly and annually. While monthly returns are being submitted through BAP module and also manually, the quarterly and annual returns are being submitted only through BAP module since 2018-2019.

CBIC extends time limit for compliance under Excise & Custom Law

June 27, 2020 4626 Views 0 comment Print

29th day of September, 2020 shall be the end date of the period during which the time limit specified in, or prescribed or notified under, the Central Excise Act, 1944 , Customs Act, 1962 (except sections 30, 30A, 41, 41A, 46 and 47), Customs Tariff Act, 1975 or Chapter V of the Finance Act, 1994 falls for the completion or compliance of such action as specified under clause (a) or (b) of the said section; and

Floating Rate Savings Bonds, 2020 (Taxable) – FRSB 2020 (T)

June 26, 2020 7236 Views 0 comment Print

The Government of India, hereby notifies the issue of Floating Rate Savings Bonds, 2020 (Taxable); Short Name – FRSB, 2020(T) with effect from July 1, 2020.

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