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IP violates code of conduct if fails to provide copies of certain records to Inspecting Authority

January 5, 2021 489 Views 0 comment Print

In view of above, the DC finds that Mr. Arumugam, as an RP, has contravened, the provisions of section 208(2)(a), clause 19 of the Code of Conduct under regulation 7(2)(h) of the IP Regulations for not providing the copies of certain records to the IA. The DC, therefore, in exercise of the powers conferred under […]

IBBI asked RP to be extremely careful, diligent & act strictly as per law

January 1, 2021 1392 Views 0 comment Print

In view of above, the DC finds that Mr. Arumugam, as an RP, has contravened, the provisions of section 208(2)(a), Regulation 7(2)(h) of the IP Regulations and clause 16 of the Code of Conduct under regulation 7(2) thereof for not maintaining written contemporaneous records for taking decisions during the CIRP. The DC, therefore, in exercise […]

IRDAI imposes penalty of Rs. 5 Lakh on Bharti AXA General Insurance Company Ltd

December 31, 2020 741 Views 0 comment Print

The penalty amount of Rs. 5 lakhs (Rupees five lakh only) shall be remitted by the Insurer by debiting the shareholders’ account within a period of forty five days from the date of receipt of this order through NEFT/RTGS (details for which will be communicated separately).

Interest rates for Small Savings Schemes w.e.f. 01.01.2021

December 31, 2020 4122 Views 0 comment Print

Rate of interest on various Small Savings Schemes (National Savings Schemes) for the fourth quarter of financial year 2020-21 (starting from 1st January, 2021 and ending on 31th March, 2021) shall remain unchanged from those notified for the third quarter of Financial Year 2020-21

Small Savings Scheme Interest rates- January 2021 to March 2021

December 30, 2020 6561 Views 0 comment Print

Rate of interest w.e.f 1st January, 2021 and ending on 31st March, 2021 on Small Savings Scheme i.e. Post Office Savings Account, 1,2,3,5 Year Time Deposit, 5 Year Recurring Deposit Scheme, Senior Citizen Savings Scheme, Monthly Income Account, National Savings Certificate (VIII Issue), Public Provident Fund Scheme, Kisan Vikas Patra and Sukanya Samriddhi Account scheme. […]

IRDAI imposes penalty of Rs. 10 Lakh on Bharti Axa General Insurance Company Ltd.

December 30, 2020 552 Views 0 comment Print

he penalty of Rs. 10,00,000/- (Rupees ten lakh only) shall be remitted by the insurer through NEFT/RTGS (bank account details will be communicated separately) within a period of 15 days from the date of receipt of this order.

Order of NCLT on Automatic Case Number Generation

December 24, 2020 1005 Views 0 comment Print

It is hereby informed that the Competent Authority has decided that Automatic Case Number Generation should be mandatorily started from In January 2021 in all NCLT benches across the Country.

Mumbai Police issue prohibitory orders under Section 144

December 22, 2020 1548 Views 0 comment Print

Mumbai Police issue prohibitory orders under Sec 144 banning assembly of 5 or more persons from 22.12.2020 to 5.1.2021

Income Tax Jurisdiction Order No. 3/2020, Dated: 22.12.2020

December 22, 2020 7584 Views 0 comment Print

Jurisdiction Order No. 3/2020 In exercise of powers conferred by the Central Board of Direct Taxes (CBDT) under the sub section (1) and (2) of section 120 of the Income-tax Act, 1961 read with section 178 of the Finance Act 2016

MCA deffers Applicability of CARO 2020 to FY 2021-22

December 17, 2020 68163 Views 0 comment Print

MCA vide order dated 17.12.2020 has changed the applicability date of Companies (Auditor’s Report) Order, 2020 to the financial years commencing on or after the 1st April, 2021. So, Companies (Auditor’s Report) Order, 2020 (CARO 2020) will be applicable from FY 2021-22. CARO 2016 will continue to be applicable for Financial Year 2020-21. MINISTRY OF […]

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