FPI investment limit in ‘G-secs and SDLs’ remain unchanged at 6% and 2% respectively: RBI

The RBI has come up with circular wherein it has been decided that the limits for FPI investment in Government securities (G-secs) and State Development Loans (SDLs) shall remain unchanged…

Continue Reading FPI investment limit in ‘G-secs and SDLs’ remain unchanged at 6% and 2% respectively: RBI

SEBI mandates certain disclosures in Compliance Report on Corporate Governance

In order to bring about transparency and to strengthen the disclosures around loans/ guarantees/comfort letters/ security provided by the listed entity, directly or indirectly to promoter/ promoter group entities or…

Continue Reading SEBI mandates certain disclosures in Compliance Report on Corporate Governance

Delhi HC asks Government to seriously consider waiver of Customs and other duties on drug, Amphotericin B, used for treating Black Fungus

EXCISE/ST/VAT : Since drug, Amphotericin B, is required to save lives of people suffering from disease, Mucormycosis (Black Fungus), and there is acute shortage of same in country, Central Government…

Continue Reading Delhi HC asks Government to seriously consider waiver of Customs and other duties on drug, Amphotericin B, used for treating Black Fungus

Assessee to be entitled to refund of cesses namely EC, SHEC amp; KKC which were lying unutilized on 30-6-2017 and would not lapse after GST

EXCISE/ST/VAT: Where cenvat credit of various duties and services paid by assessee and Education Cess, Secondary and Higher Education Cess and Krishi Kalyan Cess were lying unutilized in their cenvat…

Continue Reading Assessee to be entitled to refund of cesses namely EC, SHEC amp; KKC which were lying unutilized on 30-6-2017 and would not lapse after GST

AO can’t reassess income without supplying reasons for reassessment amp; disposing of assessee’s objections on it: ITAT

INCOME-TAX : Where on basis of the report of the Investigation Wing that penny stocks are used for generating bogus LTCG/STCL and business loss by assessee, assessment was reopened by…

Continue Reading AO can’t reassess income without supplying reasons for reassessment amp; disposing of assessee’s objections on it: ITAT

Petition filed u/s 9 of Arbitration Act would be treated as application u/s 17 on appointment of Arbitrator: Delhi HC

FEMA amp; BANKING : Where petitioner had sanctioned a term loan SPDPL under a Loan-cum-Mortgage Agreement and Personal guarantee given by respondents for said loan was invoked on default by…

Continue Reading Petition filed u/s 9 of Arbitration Act would be treated as application u/s 17 on appointment of Arbitrator: Delhi HC

No violation of status quo order of Tribunal when ED issued notice for handover of possession of attached property

FEMA amp; BANKING : Where Appellate Tribunal in its order while directing status quo till next hearing stated that respondent (ED) could take possession of properties attached under PMLA, ED…

Continue Reading No violation of status quo order of Tribunal when ED issued notice for handover of possession of attached property