Govt. Re-Promulgates The Companies (Amendment) Ordinance, 2019 [Read Ordinance]
The Central Government has re-promulgated the Companies (Amendment) Ordinance, 2019. The Ordinance is to amend the companies law to further improve the ease of doing business as well as ensure better compliance levels. Since the Bill to
No Reduction in Approval of Resolution plans after enactment of IBC (Amendment) Ordinance 2017
There is no reduction in the submission of resolution plans after enactment of The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017. 8 (Eight) resolution plans have been approved by National Company Law Tribunal (NCLT) after
Cabinet approves Promulgation of the Companies (Second Amendment) Ordinance 2019
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Promulgation of the Companies (Second Amendment) Ordinance 2019 and for replacement of the said Ordinance in Parliament by a replacement Bill. It is
Switzerland relaxes VAT Refund rules for Tourists
Switzerland has relaxed VAT refund rules for tourists exporting goods on August 1st, 2020 onwards. Prior to the change, tourists were given just 30 days to export goods purchased while in Switzerland to obtain a
Supreme Court quashes provision of Tribunal Reforms Ordinance 2021 fixing term of members of Tribunal at 4 years [Read Judgment]
The Supreme Court set aside the provisions in the Tribunals Reforms Ordinance 2021 which fixed the term of members of various tribunals at 4 years. The petitioner association, Madras Bar Association, approached the Supreme Court
Govt appoints Officers for conducting Search and Seizure under Fugitive Economic Offenders Ordinance [Read Notification]
The Ministry of Finance, on Tuesday, appointed officers to carry out search and seizure under the newly pronounced Fugitive Economic Offenders Ordinance. As per a Notification issued by the Government on 24th April, officers not
Cabinet approves Bill replacing GST (Compensation to States) Ordinance
Reportedly, the Union Cabinet, on Friday approved a Bill replacing the Goods and Service Tax (Compensation to States) Ordinance. The Bill has been listed the bill for introduction in its Parliament business agenda for the
Rules of Application for Declaration of Fugitive Economic Offender Notified [Read Notification]
The Department of Economic Affairs, under the Ministry of Finance recently released a Notification enumerating rules of application for declaring a person as Fugitive Economic Offender, under the Fugitive Economic Offenders Ordinance, 2018. Rule 3
President approves Promulgation of Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 [Read Ordinance]
The President today gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. The Ordinance provides significant relief to home buyers by recognizing their status as financial creditors. This would give them due
Cabinet Approves Bill to replace GST Ordinance in J & K
The Union Cabinet, chaired by the Prime Minister Narendra Modi has given its ex-post facto approval for replace GST amendment of the Constitution (Application to Jammu & Kashmir) Order, 1954 by way of the Constitution
President gives assent to Promulgation of the Companies Amendment (Ordinance), 2018 [Read Ordinance]
The recommendation of the Union Cabinet for promulgation of the Companies Amendment (Ordinance), 2018 has been assented to by the President of India. The Ordinance, which has been promulgated today is based on the recommendations
Cabinet approves Promulgation of the Banning of Unregulated Deposit Schemes Ordinance, 2019
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Promulgation of Unregulated Deposit Schemes Ordinance, 2019. Benefits: The proposed Ordinance will immediately tackle the menace of illicit deposit-taking activities in the country
ICAI issues FAQs on Banning of Unregulated Deposit Schemes Ordinance [Read FAQs]
A set of Frequently Asked Questions (FAQs) has been issued by the Institute of Chartered Accountants of India (ICAI). The ‘Banning of Unregulated Deposit Schemes Ordinance, 2019’ is the government’s endeavour to bridge the regulatory
Pre-packaged Insolvency Framework for MSMEs: Govt promulgates Insolvency and Bankruptcy Code Ordinance, 2021 [Read Notification]
The government on Sunday promulgated Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, while announcing a pre-packaged insolvency framework for the Ministry of Micro, Small & Medium Enterprises (MSMEs). A pre-pack or pre-packaged deal is a
Finance Ministry notifies Extension of various Time Limits under Direct Tax & Benami Laws [Read Notification]
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws