Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT
There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the
Continue readingLegislation Updates
Govt. removes Debenture Redemption Reserve requirement for Listed Companies, NBFCs and HFCs
The Ministry of Corporate Affairs has amended the Companies (Share Capital & Debentures) Rules by removing Debenture Redemption Reserve requirement for Listed
Continue readingCBDT simplifies the process of assessment in respect of Startups
The Finance Ministry has simplified the process of assessment in the case of Startup entities. In cases where scrutiny assessments of Startup
Continue readingUsage of ATMs – Free ATM transactions – Clarifications
Clarification issued by Reserve Bank of India It has come to our notice that transactions that have failed due to technical reasons,
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Companies (Share Capital and Debentures) Amendment Rules, 2019
G.S.R. 574(E)—In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 (18 of
Continue readingCentral Govt. constitutes — Advisory Committee– in exercise of powers conferred by S. 5 of Child and Adolescent Labour (Prohibition and Regulation) Act, 1986
S.O. 2948(E)— In exercise of the powers conferred by Section 5 of the Child and Adolescent Labour (Prohibition and Regulation) Act, 1986
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MCA amends provisions related to Differential Voting Rights under Companies Act
The Ministry of Corporate Affairs has amended the provisions relating to issue of shares with Differential Voting Rights (DVRs) provisions under the
Continue readingFour New Products get Geographical Indication Tag
Geographical Indication (GI) under the Department for Promotion of Industry and Internal Trade has recently registered 4 new GIs. PalaniPanchamirtham from Palani
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Transfer of Regulation of Housing Finance Companies (HFCs) to Reserve Bank of India
The Finance (No.2) Act, 2019 (23 of 2019) has amended the National Housing Bank Act, 1987 conferring certain powers for regulation of
Continue readingCBDT takes steps to ensure transparency in Tax Administration by bringing in concept of DIN
With a view to bringing greater transparency in the functioning of the tax-administration and improvement in service delivery, almost all notices and
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The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2019
F.No. CCI/CD/Amend/Comb. Regl./2019.—In exercise of the powers conferred by Section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission
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MeitY | Aadhaar necessary for availing benefit of fee reimbursement from GoI under Manpower Development Scheme [Read Notification]
S.O. 2903(E).—Whereas, the use of Aadhaar as identity document for delivery of services or benefits or subsidies simplifies the Government delivery processes,
Continue readingParliament received President’s assent for — Public Premises (Eviction of Unauthorised Occupants) Amendment Bill, 2019
Parliament received the assent of the President on 09-08-2019 for Public Premises (Eviction of Unauthorised Occupants) Amendment Bill, 2019. Public Premises (Eviction
Continue readingIncome Tax Department detects Benami business of running of petrol outlets in Meghalaya
In a swift and coordinated action on Friday, 2nd August 2019, the Investigation Wing of Income Tax Department, NER carried out searches
Continue readingPresident gave its assent to — The Unlawful Activities (Prevention) Amendment Bill, 2019
Parliament receives President’s assent for Unlawful Activities (Prevention) Amendment Bill, 2019 on 08-08-2019. The Bill will amend the Unlawful Activities (Prevention) Act,
Continue readingPresident gave assent to — National Medical Commission Bill, 2019
Parliament received the assent of the President on 08-08-2019 for National Medical Commission Act, 2019. This Act is aimed towards the following
Continue readingParliament receives President’s assent for — Arbitration and Conciliation (Amendment) Bill, 2019
On 09-08-2019, President gave its assent for the Arbitration and Conciliation (Amendment) Bill, 2019. Arbitration and Conciliation (Amendment) Act, 2019 will further amend
Continue readingCode on Wages Bill, 2019 received President’s assent — The Code on Wages, 2019 to be enacted
President gave its assent to the Code on Wages Bill, 2019 on 08-08-2019. The Code on Wages, 2019 It is an act
Continue readingMotor Vehicles (Amendment) Bill, 2019 received President’s assent on 9th August, 2019
Parliament received President’s assent for the Motor Vehicles (Amendment) Act, 2019 on 09-08-2019. Motor Vehicles (Amendment) Bill, 2019 had been passed by
Continue readingPresident gives assent to — Consumer Protection Bill, 2019
President gives its approval for the Consumer Protection Bill, 2019 which aims to protect the rights of consumers by establishing authorities for
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