New Rule for computation of short term capital gains and written down value, introduced
On July 07, 2021, the Central Board of Direct Taxes makes the Income tax Amendment (19th Amendment), Rules, 2021 further to amend
Continue readingLegislation Updates
Delhi Goods and Services Tax (Eleventh Amendment) Rules, 2020
The Lt. Governor of the National Capital Territory of Delhi, on the recommendations of the Council makes Delhi Goods and Services Tax
Continue readingSEBI issues Master Circular for Stock Exchange and Clearing Corporations
The Securities and Exchange Board of India has issued Master Circular No. SEBI/HO/MRD2/MRD2_DCAP/P/CIR/2021/0000000591 dated July 05, 2021, for Stock Exchanges and Clearing
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Rajasthan Government issues order for payment of contractual amount to Government personnel during lockdown
On July 05, 2021, the Finance Department of Rajasthan has issued an order for Payment of contractual amount to contractual, casual and
Continue readingSEBI issues circular clarifying procedure in case of delisting of a subsidiary company through a Scheme of Arrangement wherein listed parent company and listed subsidiary are in the same line of business
SEBI has issued a circular dated July 06, 2021, providing a standard operative procedure and clarifying the purpose of defining “same line
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Singapore| SAPI Code revised, effective August 01, 2021
The Singapore Association of Pharmaceutical Industries Code of Conduct (“SAPI Code”) has been revised to provide distinct standards on the provision of
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CBIC waives off the amount of penalty payable by any registered person under Section 125 of CGST Act, 2017
On July 01, 2021, the Central Board of Indirect Taxes and Customs (CBIC) issues a notification for waiving the penalty payable by
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Pharmacy Practice (Amendment) Regulations, 2021
On June 30, 2021, the Pharmacy Council of India in exercise of the powers conferred by sections 10 and 18 of the
Continue readingSEBI issues circular resolving issue of No Objection Certificate for release of 1% of Issue amount
The Securities and Exchange Board of India has issued a circular dated 05.07.2021 reducing the time-period for processing of NOC applications to
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Rajasthan Government amends Amnesty Scheme 2021 notification
The Finance Department of Rajasthan on July 01, 2021 has issued a notification to amend a previous notification with notification no. F.
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Arizona | Governor signs budget for Fiscal Year 2022
Arizona Government has passed Arizona’s fiscally conservative budget for Fiscal Year 2022, which cuts taxes for all taxpayers while investing in education, transportation,
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Income tax Amendment (18th Amendment), Rules, 2021
The Central Board of Direct Taxes has notified Income Tax Amendment (18th Amendment), Rules, 2021 on July 2, 2021. It further amends
Continue readingMinistry of Finance amends Credit Guarantee Fund for Micro Units (CGFMU)
On July 01, 2021, the Ministry of Finance has amended the Scheme known as the Credit Guarantee Fund for Micro Units (CGFMU)
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Retail and Wholesale trades included under MSMEs
The Minister of MSME and Road Transport and Highways has announced revised guidelines for MSMEs vide press release dated July 02, 2021.
Continue readingSEBI issues Master Circular for Commodity Derivatives Market
The Securities and Exchange Board of India has issued Master Circular No. SEBI/HO/CDMRD/DMP/P/CIR/2021/589 dated July 01, 2021, for commodity derivatives market. This
Continue readingGovernment approves Net Metering for Rooftop Solar Systems up to 500 kW Capacity
On June 28, 2021, the Ministry of Power has issued the Electricity (Rights of Consumers) (Amendment) Rules, 2021 to further amend the
Continue readingPresident promulgates Essential Defence Services Ordinance, 2021
On June 30, 2021, the President promulgates Essential Defence Services Ordinance, 2021 in order to provide the maintenance of essential defence services.
Continue readingTribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) (Amendment) Rules, 2021
The Ministry of Finance has notified Tribunal, Appellate Tribunal and other Authorities (Qualifications, Experience and other Conditions of Service of Members) (Amendment)
Continue readingSEBI notifies relaxation in timelines for compliance with regulatory requirements
The Securities and Exchange Board of India has issued circular dated 30.06.2021 vide which the timelines for various regulatory compliances by the
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Covid 19 | Cabinet approves Loan Guarantee and Emergency Credit Line Schemes for Covid Affected sectors
The Union Cabinet vide Press Release dated June 30,2021 has announced the approval of Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS)
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