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Amendments in Indian Stamp Act, 1899 & Rules from 1st July 2020

June 30, 2020 27639 Views 0 comment Print

Implementation of Amendments in the Indian Stamp Act, 1899 and Rules made from 1st July, 2020 for Rationalized Collection Mechanism of Stamp Duty across India with respect to Securities Market Instruments

New MSME/Udyam Registration Process starts from 1st July 2020

June 30, 2020 4674 Views 0 comment Print

New Process of MSME Registration takes off in the name of Udyam Registration from 1st July, 2020 as planned earlier. ww.udyamregistration.gov.in – a new portal for Udyam Registration launched by the MSME Ministry

Government Bans 59 mobile apps (Check List)

June 29, 2020 942 Views 0 comment Print

Government Bans 59 mobile apps which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order

NIL Form GSTR-1 filing via SMS from 1st week of July 2020

June 27, 2020 5148 Views 1 comment Print

NIL statement in Form GSTR-1 can now be filled via SMS from the 1st week of July 2020 NIL statement in Form GSTR-1 can now be filled via SMS from the 1st week of July 2020.  Previously on 8th June, a similar facility for the Form GSTR-3B had been announced. This will benefit approx 12 […]

Floating Rate Savings Bonds 2020 (Taxable)

June 26, 2020 6135 Views 1 comment Print

Government of India has decided to launch Floating Rate Savings Bonds 2020 (Taxable) scheme, with effect from July 01, 2020 in terms of GoI Notification F.No.4(10)-B(W&M)/2020 dated June 26, 2020.

Pricing of preferential issues – Temporary relaxation due to COVID 19

June 25, 2020 1395 Views 0 comment Print

n case of frequently traded shares, the price of the equity shares to be allotted pursuant to the preferential issue shall be not less than higher of the following: a. the average of the weekly high and low of the volume weighted average price of the related equity shares quoted on the recognised stock exchange during the twelve weeks preceding the relevant date; or

CCI approves acquisition of 9.99% stake in Reliance Jio by Jaadhu Holdings LLC

June 24, 2020 753 Views 0 comment Print

The Competition Commission of India (CCI) approves acquisition of 9.99% stake in Jio Platforms by Jaadhu Holdings LLC. The proposed combination envisages acquisition of approximately 9.99% stake inJio Platforms Limited (Jio Platforms) by Jaadhu Holdings LLC (Jaadhu).

Govt Extends due dates under Income Tax Law & Benami laws

June 24, 2020 263652 Views 11 comments Print

Vide Income Tax Notification No. 35/2020 dated 24.06.2020  govt extends  Due date for ITR for FY 2018-19  upto 31.07.2020, Last date for investments to be eligible for deduction under Chapter VI-A i.e. 80C, 80D etc for the FY 2019-20 [AY 2020-21] upto 31.07.2020, Last date for ITR for FY 2019-20 [AY 2020-21] upto 30.11.2020, Last […]

Relaxations for Listed Companies having stressed assets

June 23, 2020 951 Views 0 comment Print

SEBI has decided to relax the pricing methodology for preferential issues by listed companies having stressed assets and exempt allottees of preferential issues from open offer obligations in such cases, with immediate effect.

SEBI Regulatory measures to continue till July 30, 2020

June 18, 2020 678 Views 0 comment Print

On review of the COVID-19 pandemic related situation, it has been decided that the regulatory measures introduced vide SEBI Press Release dated March 20, 2020 1 , shall continue to be in force till July 30, 2020.

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