1758 Legal Updates in Central

IRDAI issues guidelines on insurance claims for the victims of floods in parts of Kerala

Aug 23, 2019

The Insurance Regulatory and Development Authority of India (IRDAI) on August 22, 2019, has issued a Circular on an urgent need of an  insurance industry to take immediate steps to mitigate the hardships of the affected insured population by ensuring immediate registration and settlement of eligible claims. The recent floods in August 2019 hav

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Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019

Aug 23, 2019

The Central Board of Indirect Taxes and Customs on August 21, 2019, has published the Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019. However, the two main components of the Scheme are dispute resolution and amnesty. The dispute resolution component is aimed at liquidating the legacy cases of Central Excise and Service Tax that are s

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IRDAI issues guidelines on insurance claims for the victims of floods in parts of Gujarat

Aug 23, 2019

The Insurance Regulatory and Development Authority of India (IRDAI) on August 22, 2019, has issued a Circular on an urgent need of an  insurance industry to take immediate steps to mitigate the hardships of the affected insured population by ensuring immediate registration and settlement of eligible claims. The recent floods in August 2019 hav

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CBDT clarifies on eligibility of small Start-ups to avail tax holiday

Aug 23, 2019

The Central Board of Direct Taxes on August 22, 2019, has clarified that small startups with turnover up to Rs. 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act, 1961, which provides deduction for 100 per cent of income of an eligible start-up for 3 years out of 7 years from the year of its

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CBIC has extends the due date of Form GSTR-3B for the month of July, 2019

Aug 22, 2019

The Central Board of Indirect Taxes and Customs (CBIC) on August 21, 2019, has extended the due date for filing Form GSTR-3B electronically for the month of July, 2019 till August 22, 2019. However, the return in FORM GSTR-3B for the month of July, 2019 for registered persons whose principal place of business is in the district of the State as men

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The Aircraft (Third Amendment) Rules, 2019

Aug 22, 2019

The Ministry of Civil Aviation on August 09, 2019 has published the Aircraft (Third Amendment) Rules, 2019 to further amend the Aircraft Act, 1934.  The amendments made in the Aircraft Act, 1934 are:  After Rule 93(1), a proviso has been inserted, namely: “No person shall engage himself in the provision of air traffic services in the

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MCA declares that Form BEN-2 is likely to be revised with effect from August 23, 2019

Aug 22, 2019

The Ministry of Corporate Affairs (MCA) on August 21, 2019, announces that the Form BEN-2 is likely to be revised on MCA21 Company Forms Download page with effect from August 23, 2019.  The Form BEN-2 is the declaration that a company is required to file with the registrar under section 90 of the Companies Act, 2013. This declaration is with

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MCA clarifies the ambiguities in appointed date under Section 232 of the Companies Act, 2013

Aug 22, 2019

The Ministry of Corporate Affairs on August 21, 2019, has issued a Circular clarifying the ambiguity in ‘appointed date’ under Section 232(6) of the Companies Act, 2013 which specifies the requirement of indicating an appointed date in the Scheme of mergers and amalgamations and the scheme shall be deemed to be effective from the &lsquo

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Gold Monetisation Scheme, 2015

Aug 21, 2019

The Reserve Bank of India (RBI) on August 16, 2019, has made amendments in the Reserve Bank of India (Gold Monetization Scheme) Directions, 2015. The Gold Monetisation Scheme is intended to mobilise gold held by households and institutions of the country and facilitate its use for productive purposes, and in the long run, to reduce country’s

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