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Boost to ICAI Disciplinary mechanism
My dear Professional Colleagues,“Strength does not come from winning. Your struggles develop strengths. When you go through hardships and decide not to surrender, that is strength”.Today, in the midst...
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ICAI enables Generation of UDIN In Bulk For Certificates
UDIN DirectorateThe Institute of Chartered Accountants of India17th June, 2020GENERATION OF UDIN IN BULK FOR CERTIFICATESA provision for generating UDIN in bulk for Certificates has been incorporated...
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Caste system an impediment to choose suitable life partners: Gujarat HC
The origin of caste system in India was based on the vocation of the persons or group of persons. But gradually it embedded deep into the roots of our social system and values in as much the marriages...
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SC slams Delhi Government for filling FIR against Doctor- directs for increasing tests & improving conditions in hospitals
Our country has been ruled by the invaders and kings for centuries. As a consequence to this, the present ‘rulers’ have a conviction that the government officials, be them administrative officers or d...
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Decriminalisation of Minor Offences For Improving Business Sentiment
Government of IndiaMinistry of FinanceDepartment of Economic Affairs***12 June, 2020Statement of Reasons:Decriminalisation of Minor Offences For Improving Business Sentiment And Unclogging Court Proce...
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Proposed Decriminalization of Section 138 of Negotiable Instruments Act 1881 Unwarranted & against Public Interest
The Modi government in a bit to improve ease of doing business and unclogging courts has decided that 39 sections in 19 different Acts, which have been identified, shall be decriminalised. The governm...
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EPF Contribution rate reduction for May 2020 to July 2020
An Overview of announcement by honorable finance minister Nirmala Sitharaman on Wednesday 13/05/2020 regarding EPF contribution by which EPF Contribution was reduced for Employers and Employees for 3...
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SC shows concern for poor plight of migrant labour- orders facilitation of stranded labour
Modi Government announced early Lockdown to save the country from Covid- 19. The whole world applauded his timely action. The limited number of infected people & low mortality in our country as compar...
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COVID Emergency Credit Facility covers all companies & not just MSMEs
Ministry of FinanceCOVID Emergency Credit Facility covers all companies and not just MSMEs: Finance MinisterPosted On: 08 JUN 2020Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharama...
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Wages to workers during lockdown- SC to give verdict on 12 June
On 04 June 2020, a 3 member bench of the Apex Court passed an interim order that no coercive action be taken against employers for their failure to comply with the 29 March 2020 order of the Ministry...
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HC restrains schools from charging additional fee for online classes
Kerala High Court Interim order in the case of Sreelekshmi v. State of Kerala, WP (C) No. 10867 of 2020, decided on 03-06-2020As per the guidelines of MHA, the schools, colleges & coaching institutes...
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Traders Registration As MSME’S – Possible Soon?
During a meeting of Shri Nitin Gadkari, Union Minister for MSME and Road Transport and Highways with the representatives of Council of Leather Export, FICCI-‘NBFC Program’ and IMC Chamber of Commerce...
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Guideline for appointment of IP as IRP, Liquidators, RP & Bankruptcy Trustees
Insolvency Professionals to act as Interim Resolution Professionals (IRPs), Liquidators, Resolution Professionals (RPs) and Bankruptcy Trustees (Recommendation) Guidelines, 20202nd June, 2020Corporate...
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Report on Measures for Strengthening Enforcement Mechanism of SEBI & Incidental Issues
HIGH LEVEL COMMITTEE UNDER THECHAIRMANSHIP OFJUSTICE ANIL R. DAVE, RETIRED JUDGE, SUPREMECOURT OF INDIAA REPORT ON THE MEASURES FOR STRENGTHENINGTHE ENFORCEMENT MECHANISM OF THE BOARDAND INCIDENTAL IS...
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SEBI invites comment on Report on Measures for Strengthening Enforcement Mechanism
Securities and Exchange Board of IndiaNotice inviting comments on the recommendation made by High Level Committee under the Chairmanship of Justice A. R. Dave, Retired Judge, Supreme Court of India, o...
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SC to soon decide on exigibility of interest on interest on deferred loans during moratorium
The Reserve Bank of India, in view of the Covid pandemic, realised the financial emergency and liquidity crunch in our economy due to lockdown, announced moratorium for all loans for a certain period....
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ICAI enables Generation of UDIN In Bulk For Certificates
UDIN DirectorateThe Institute of Chartered Accountants of India17th June, 2020GENERATION OF UDIN IN BULK FOR CERTIFICATESA provision for generating UDIN in bulk for Certificates has been incorporated...
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CBIC Begins Using e-Office in all CGST and Customs offices
Ministry of FinancePosted On: 15 JUN 2020 4:52PM by PIB DelhiShri M. Ajit Kumar, Chairman, Central Board of Indirect Taxes and Customs (CBIC) launched the e-Office application in over 500 CGST and Cus...
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Highlights of 40th GST Council Meeting dated 12th June 2020
Recommendation of 40th GST Council Meeting dated 12th June 2020Following relaxation was recommended in GST Council Meeting for filing of GSTR Returns dated 12-06-20201 Relaxation for July-17 to Jan 20...
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Recommendations of 40th GST Council Meeting
A. Reduction in Late Fee for Past ReturnsLate Fee for non-furnishing FORM GSTR 3B for the tax period July, 2017 to January, 2020 has been waived as under:-NIL late fee if there is no tax liability;-ma...