Clipped from: https://www.financialexpress.com/opinion/between-supreme-court-govt-banks-lose-freedom/2219575/ SC did well to allow banks to declare loans as NPAs, but not allowing them to charge penal interest was a bad idea
Category: Legal
Why drive up input tax costs? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/why-drive-up-input-tax-costs/2219644/ Significant curtailment of Form C benefits to adversely impact several important sectors Needless to say, all such businesses will be forced to consider
Supreme Court rejects NBCC’s resolution plan for JIL – The Financial Express
Clipped from: https://www.financialexpress.com/industry/further-delay-supreme-court-rejects-nbccs-resolution-plan-for-jil/2219538/ Asks RP to invite fresh bids & complete insolvency process within 45 days The Supreme Court had in August last year transferred to
CAG calls for improved handling of indirect tax cases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cag-calls-for-improved-handling-of-indirect-tax-cases/article34152331.ece Comptroller and Auditor General (CAG) has recommended a full overhaul of the system of issuing show cause notices in Central Board of Indirect
SEBI seeks ‘discretion’ in prosecutions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-seeks-discretion-in-prosecutions/article34153531.ece Watchdog wants the law amended as it faces charges of inconsistency Market regulator SEBI will be seeking ‘discretionary powers’ with regard to the
Banking on crisis management: Meet Gopinath, head of SEAC on bank licences | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banking-on-crisis-management-meet-gopinath-head-of-seac-on-bank-licences-121032401725_1.html Ever-smiling, consciously low profile, and unfailingly polite, it is easy to mistake her for a family matriarch rather than a doyenne of high
A regulator for health sector on lines of RERA likely to be set up soon | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-regulator-for-health-sector-on-lines-of-rera-likely-to-be-set-up-soon-121032500001_1.html The survey cited unplanned readmission data – considered the most common metric of quality in the hospital setting A new regulator for the
GST technical glitches behind input tax credit frauds: CAG report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-technical-glitches-behind-input-tax-credit-frauds-cag-report-121032401741_1.html CAG recommended fixing a definite time frame for rolling out simplified GST return forms The GST returns system is still a work in
Amendments to the Finance Bill 2021 plug tax loophole in slump sale | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/amendments-to-the-finance-bill-2021-plug-tax-loophole-in-slump-sale-121032500064_1.html Amendments to the finance Bill, 2021, say that fair market value (FMV) will be taken as consideration of the sale Finance Minister Nirmala
DHFL directors availed thousands of crores through fake loan accounts under PMAY: CBI–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/dhfl-directors-availed-thousands-of-crores-through-fake-loan-accounts-under-pmjay-cbi/story/434782.html The CBI has registered a case against crisis-hit Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan, who are already in jail
Any creditor of firm in liquidation can seek transfer of winding up plea from HC to NCLT: SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/any-creditor-of-firm-in-liquidation-can-seek-transfer-of-winding-up-plea-from-hc-to-nclt-sc/articleshow/79307771.cmsSynopsis A bench headed by Chief Justice S A Bobde and justices A S Bopanna and V Ramasubramanian was faced with two legal questions
Corrective voice: The Hindu Editorial on the Supreme Court of India and judicial patriarchy – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/corrective-voice-the-hindu-editorial-on-the-supreme-court-of-india-and-judicial-patriarchy/article34144290.ece The SC did well to lay down guidelines for the judiciary in dealing with cases of sexual crime While recognising society’s deep-rooted patriarchy
How the OTT landscape is set to change in India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/the-cheat-sheet/how-the-ott-landscape-is-set-to-change-in-india/article34093298.ece Why did the Central government bring in new rules for OTT content? These rules also came after the Information and Broadcasting Ministry had
FDI violation: Received complaints against some e-commerce firms, says Piyush Goyal – The Financial Express
Clipped from: https://www.financialexpress.com/industry/fdi-violation-received-complaints-against-some-e-commerce-firms-says-piyush-goyal/2214816/ “…necessary actions under the provisions of Foreign Exchange Management Act, 1999, have been taken for investigation by the Enforcement Directorate (ED),” Goyal said
Social media must remove content offensive to women’s dignity within 24 hours: Ravi Shankar Prasad
Clipped from: https://www.businesstoday.in/sectors/it/content-outraging-womens-modesty-to-be-removed-in-24-hours-says-ravi-shankar-prasad/story/434278.html Information Technology Minister Ravi Shankar Prasad said the new guidelines clearly specify that if the dignity of women is sought to be compromised,
Rs 17-crore GST evasion unearthed in Mangaluru; two held | Deccan Herald
Clipped from: https://www.deccanherald.com/state/rs-17-crore-gst-evasion-unearthed-in-mangaluru-two-held-964069.html Searches were conducted in Sirsi, Puttur, Mangaluru, Chitradurga and other places Representative image: iStock Photo The officers of Mangaluru CGST (Office of Commissioner
Future Group on the brink of bankruptcy despite respite in Reliance deal
Clipped from: https://www.businesstoday.in/current/corporate/future-group-on-the-brink-of-bankruptcy-despite-respite-in-reliance-deal/story/434578.html Cash-strapped Future Group is trying to expedite the deal with Mukesh Ambani-led company and save the retail chain — which includes brands like
Succession planning: Will easy to make, but Trust more robust, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/succession-planning-will-easy-to-make-but-trust-more-robust-say-experts-121032000020_1.html UHNIs should make succession planning top priority Carefully select executor and persons you grant medical and financial PoA In a recent survey conducted
Courts, probe agencies can’t proceed against DFI board sans prior govt approval – The Financial Express
Clipped from: https://www.financialexpress.com/industry/courts-probe-agencies-cant-proceed-against-dfi-board-sans-prior-govt-approval/2218082/ The NaBFID Bill tabled by finance minister Nirmala Sitharaman in Parliament on Monday makes it incumbent on courts get prior approval of the
Need legal provisions to have superintendence and control over NCLT, says appellate tribunal NCLAT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/need-legal-provisions-to-have-superintendence-and-control-over-nclt-says-appellate-tribunal-nclat/articleshow/81635239.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The appellate tribunal observation came while passing an order passed over a petition filed by the resolution professional (RP) of International Recreation and
aniltikotekar4sme.com 