Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/indias-new-intermediary-rules-reasons-why-the-fear-of-tax-slapping-is-unfounded/articleshow/83788477.cmsSynopsis The new rules require that the three officers employed by the significant social media intermediary must be resident in India. Now, the essential
Category: Legal
New rules for e-commerce companies likely to raise compliance burden | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/new-rules-for-e-commerce-companies-likely-to-raise-compliance-burden-121062300032_1.html The consumer affairs ministry proposed changes to Consumer Protection Rules, 2020 The new e-commerce rules, as proposed in by the Ministry of Consumer
Antitrust watchdog CCI orders probe into Google in smart TVs suit | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/antitrust-watchdog-cci-orders-probe-into-google-in-smart-tvs-suit-121062201826_1.html India’s antitrust watchdog on Tuesday ordered an investigation into allegations that Alphabet Inc’s Google abused its Android operating system’s position in the country’s
Just 2 players in telecom mkt will be tragic: Bharti Airtel’s Sunil Mittal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/just-2-players-in-telecom-mkt-will-be-tragic-bharti-airtel-s-sunil-mittal-121062202001_1.html According to DoT estimates, Vodafone Idea owes Rs 58,400 crore as AGR dues Sunil Mittal Terming India’s near duopoly telecom space “tragic”, Bharti Airtel Chairman Sunil
TDS/TCS norms: New tool on I-T portal to help businesses do ‘compliance check’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/tdstcs-norms-new-tool-on-i-t-portal-to-help-businesses-do-compliance-check/article34914830.ece List of non-specified persons will get freezed at the beginning of the financial year The Income Tax Department has provided a new functionality
Jet Airways may take a year to start flying again after revival plan approval – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-may-take-a-year-to-start-flying-again/articleshow/83765810.cmsSynopsis The new owners of Jet, a consortium of UK-based investor Kalrock Capital and Gulf businessman Murari Lal Jalan, will need to seek several
Compliance and control | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/compliance-and-control-121062201919_1.html New e-commerce rules expand govt role in the business The proposed amendments to the Consumer Protection (e-commerce) Rules, 2020, reflect an accelerating trend
New rules belabour e-commerce – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/new-rules-belabour-e-commerce/2276454/ No comparable regulatory burden on brick&mortar; rules likely to further bind e-com players in red tape But, sadly, these guidelines will impact small
Tax portal glitches: ICAI makes presentations to Finmin officials, Infosys representatives – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/tax-portal-glitches-icai-makes-presentations-to-finmin-officials-infosys-representatives/articleshow/83746489.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis The meeting was chaired by Finance and Corporate Affairs Minister. Revenue Secretary Tarun Bajaj, CBDT Chairman Jagannath Mohapatra and other finance ministry officials
India’s new e-commerce rules that could jolt foreign, local players – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/indias-new-e-commerce-rules-that-could-jolt-foreign-local-players/articleshow/83747246.cmsSynopsis The rules come as U.S. firms battle allegations from traders for working around foreign investment regulations for the sector, and could further complicate
PMC Bank gets some cooperative support, but revival to take time | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/pmc-bank-gets-some-cooperative-support-but-revival-to-take-time-121062101539_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The takeover of this bankrupt urban cooperative bank by the Centrum-BharatPe combine marks the first instance of NBFCs, high-net worth individuals and fintechs
FinMin allows small HFCs to take recourse to SARFAESI law – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/finmin-allows-small-hfcs-to-take-recourse-to-sarfaesi-law/article34892235.ece Move is expected to be a shot in the arm for thousands of small HFCs The Finance Ministry has now allowed all housing
DHFL lenders begin voting on proposals to redistribute funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/dhfl-lenders-begin-voting-on-proposals-to-redistribute-funds/article34893917.ece ‘Majority of FD holders opposed to proposal’ Lenders to Dewan Housing Finance Corporation have begun voting on new proposals for redistribution of funds
No tax on cash deposits made by housewives – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/no-tax-on-cash-deposits-made-by-housewives/article34891763.ece Tribunal exempts women who deposited less than ₹2.50 lakh during the notes recall period A housewife now may not face any problem from
Can you prepay your dead brother’s loan from your funds? – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-4/2275748/ In a personal loan, sometimes banks call for the guarantor to pay the loan outstanding if the borrower is deceased. The payment of
jet airways: Bankruptcy court approves Kalrock-Jalan’s resolution plan for revival of Jet Airways – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/bankruptcy-court-approves-kalrock-jalans-resolution-plan-for-revival-of-jet-airways/articleshow/83741240.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The Mumbai bench of the National Company Law Tribunal presided by judicial members – Janab Mohammed Ajmal and V Nallasenapathy while allowing the
Relief for PNB Housing Finance: SAT allows vote on Carlyle’s Rs 4,000-crore infusion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/relief-for-pnb-housing-finance-sat-allows-vote-on-carlyles-rs-4000-crore-infusion/articleshow/83716397.cmsSynopsis The shareholders’ meet is scheduled on June 22. Market regulator Securities & Exchange Board of India had last week told PNB Housing not
How to save the IBC from the NCLT – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/how-to-save-the-ibc-from-the-nclt/2275775/ Failure to reform the NCLT will bleed the banking sector and kneecap the government’s flagship reform In the interim, additional courts may be
WhatsApp urges HC to stay CCI’s notice – The Financial Express
Clipped from: https://www.financialexpress.com/industry/privacy-policy-whatsapp-urges-hc-to-stay-ccis-notice/2275850/ Monday was the last day for furnishing the information sought by the competition watchdog in relation to a probe ordered by it in
Explain logic in one-time settlement of Siva Industries: NCLT to lenders | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/explain-rationale-in-one-time-settlement-of-siva-industries-nclt-121062000302_1.html PSU banks to get 26% of dues after third party guarantor payments The National Company Law Tribunal (NCLT), Chennai, has asked lenders to
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