14 September 2020

Search Results for Tag : Compliance


Appointment to post of Secretary by direct recruitment without exhausting channel of transfer on deputation is illegal(10.04.2017)

Petitioners in both writ petitions, who claim to be artists, sought a writ of quo warranto to set aside appointment of Dr. Sudhakar Sharma as Secretar.....

Tags : Appointment, Validity, Rules, Compliance


Refund claim cannot be converted into rebate claim without following prescribed procedure(15.05.2017)

In facts of present case, Appellants are engaged in manufacture of excisable goods falling under Chapter Heading 7308 90 90 of Central Excise Tariff A.....

Tags : Refund, Entitlement, Procedure, Compliance


Evidence of Food Inspector need not necessarily corroborate from independent witnesses(05.10.2018)

The revisionist-accused has preferred present revision under Sections 397 and 401 of Code of Criminal Procedure, 1973 (CrPC) against the judgment pass.....

Tags : Conviction, Provision, Compliance


Fresh environmental clearance necessary for expansion beyond limits approved by Prior EC(03.12.2019)

The present Civil Appeal arises from an order of the Principal Bench of the National Green Tribunal. In its order, the NGT held that, the increase in .....

Tags : Environmental impact, Regulatory procedure, Compliance


In absence of complete cause of action for declaring election of returned candidate to be void, election petition is to be summarily dismissed without trial(11.02.2020)

Present election petition filed under Section 80 read with Section 100(1) of the Representation of the People Act, 1951 challenges the election of the.....

Tags : Non-compliance, Provisions, Cause of action, Absence


Motor Vehicles not complying with the requirement of possessing or displaying a valid PUC Certificate cannot be debarred from being supplied fuel(28.08.2020)

Present appeals filed by the State of Madhya Pradesh, are against an order passed by the National Green Tribunal, allowing Original Application filed .....

Tags : PUC Certificate, Compliance, Penalty


Notifications & Circulars

Reserve Bank of India imposes monetary penalty on Saraswat Co-operative Bank Ltd.(28.05.2020)

The Reserve Bank of India (RBI) has imposed, by an order dated February 20, 2020, a monetary penalty of Rs.30 lakh (Rupees Thirty lakh only) on Sarasw.....

Tags : Penalty, Imposition, Non-compliance


Relaxation in compliance with requirements pertaining to AIFs and VCFs(04.06.2020)

1. In light of market events due to CoVID-19 pandemic, SEBI, vide Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/58, dated March 30, 2020, extended the due d.....

Tags : Relaxation, Compliance, AIFs and VCFs


Relaxation from compliance with provisions of SEBI’s ILDS Regulation, NCRPS Regulations and Circulars related to Listing of Commercial Papers(15.07.2020)

1. ILDS Regulations, NCRPS Regulations and circulars related to Listing of Commercial Papers (CPs) require an Issuer to inter-alia submit its latest a.....

Tags : Relaxation, Compliance, SEBI provisions


CBDT consolidates Circulars for ease of compliance of Start-Ups(02.09.2019)

In order to provide hassle-free tax environment to the Start-ups, a series of announcements have been made by Union Finance & Corporate Affairs Minist.....

Tags : Consolidation, Circular, Compliance, Start-Ups


Reserve Bank of India imposes penalty on United Overseas Bank Limited(03.10.2019)

The Reserve Bank of India (RBI) has, by an order dated October 01, 2019, imposed a monetary penalty of ` One crore on United Overseas Bank Limited (th.....

Tags : Non-compliance, Provision, Penalty, Imposition


Reserve Bank of India imposes monetary penalty on Punjab National Bank(27.03.2019)

Reference is invited to the Press Release No. 2018-2019/2144 dated March 08, 2019 regarding imposition of penalty on 36 banks for non-compliance with .....

Tags : Direction, Non-compliance, Penalty, Imposition


Government makes compliance of Labour Laws and Rules easy(10.04.2017)

The Government has undertaken an exercise to promote ease of compliance of Labour Laws and Rules by various establishments. The "Rationalisation of Fo.....

Tags : Labour laws, Compliance, Ease of


Insolvency professional to ensure compliance with provisions of the applicable laws(03.01.2018)

1. A corporate person undergoing insolvency resolution process, fast track insolvency resolution process, liquidation process or voluntary liquidation.....

Tags : Insolvency, Compliance, Applicable laws


Non-Compliant NBFCs which have not fulfilled their obligations under PML Rules asked to do so(22.03.2018)

Prevention of Money Laundering Act, 2002 (PMLA) and the Rules impose obligation on reporting entities (RE's) including Non-Banking Financial Companies.....

Tags : Obligations, PML Rules, Compliance


644 declarations made during Black Money compliance window(06.01.2016)

Totaling about Rs 4,164 crores, 644 declarations were received during the compliance window provided under the Black Money (Undisclosed Foreign Income.....

Tags : Black money, compliance, declarations


Sub-Committee to report on issues related to excise duty on jewellery(21.03.2016)

The Central Government constituted a Sub-Committee under the High Level Committee to interact with the jewellery trade and industry to determine issue.....

Tags : Excise, jewellery, report, compliance


Overseas Direct Investment – Annual Performance Report(13.04.2016)

The Reserve Bank of India has moved to combat a trend of Indians investing directly in overseas ventures failing to submit the Annual Performance Repo.....

Tags : Overseas investment, annual report, compliance


Withdrawal of Immunity granted to a person from prosecution, penalty and fine(21.09.2016)

As per sub-section 2 of Section 32K of the Central Excise Act, 1944 also made applicable to Service Tax matters by virtue of Section 83 of the Finance.....

Tags : Non-Compliance, Immunity, Prosecution


Need to move towards a mindset of voluntary compliance and payment of legitimate taxes - Finance Minister(26.12.2016)

Payment of due tax is a responsibility of every citizen; Coordination between the Central and the State administration is important for smooth transit.....

Tags : Taxes, Payment, Voluntary Compliance


Strict compliance of 'Flag Code of India, 2002' and 'The Prevention of Insults to National Honour Act, 1971'(22.03.2017)

The Ministry of Home Affairs has issued an Advisory to the Chief Secretaries/Administrators of all State Governments/UT Administrations, Secretaries o.....

Tags : Flag code, Compliance, Strict



RBI: No Foreign Exchange Act Action against Declarant for Disclosure Under Black Money Window(01.10.2015)

Reserve Bank of India (RBI) has said no action under FEMA will be taken against declarations under one-time black money compliance window. RBI has alr.....

Tags : Reserve Bank of India ,FEMA ,black money compliance window


Govt Eases Compliance Burden Under Labour Laws(27.02.2017)

Government has simplified maintenance of Labour registers related to details of employees, their salaries, loans/recoveries, attendance etc by establi.....

Tags : Labour Laws, Compliance


Government Extends Payment Date for Black Money Compliance Scheme(15.07.2016)

Government has allowed payment of tax and penalty in installments over an extended period for the black money disclosed under One-Time Compliance Sche.....

Tags : Government , One-Time Compliance Scheme, black money


I-T Clarification on US Tax Law Enforcement(22.02.2016)

Income Tax Department has clarified that all upcoming reporting in May 2016 for purpose of adhering to the US Foreign Account Tax Compliance Act (FATC.....

Tags : Income Tax Department, US Foreign Account Tax Compliance Act


DGFT Issues Notice on Non-Compliance and Misclassification of Imported Goods(20.01.2020)

Directorate General of Foreign Trade (DGFT) has issued the notice stating that Non-Compliance and Misclassification of Imported Goods under ‘Others’ C.....

Tags : Directorate General of Foreign Trade, Non-Compliance and Misclassification of Imported Goods


SEBI: Non-Compliance of Provisions to attract Procedure for Revocation and Suspension of Trading(27.01.2020)

Security Exchange Board of India (SEBI) has issued a circular stating that if in case the recognized stock exchange and depositors do not comply with .....

Tags : Securities and Exchange Board of India, Non- Compliance


J&K HC Initiates Suo Moto Contempt Against Govt. Departments for Non-Compliance of Interim Orders(04.08.2020)

Jammu & Kashmir High Court has initiated suo moto contempt proceedings against Department of Health and Medical Education and the Jammu & Kashmir Publ.....

Tags : Jammu and Kashmir High Court, Non-Compliance of Interim Orders


SEBI Relaxes Compliance Norms as Covid-19 Disrupts Operations(20.03.2020)

Securities and Exchange Board of India has eased compliance requirements for listed companies, including allowing an additional 45 days to file their .....

Tags : Securities and Exchange Board of India, Compliance Requirements


SEBI Relaxes AGM Rules for Top 100 Listed Companies(27.03.2020)

Securities and Exchange Board of India has relaxed Annual General Meeting (AGM) rules for the top 100 listed companies and allowed an extra month till.....

Tags : Securities and Exchange Board of India, AGM Compliance Requirement


P&H HC Directs Subordinate Judicial Authorities to Ensure Compliance of Orders Granting Bail(02.04.2020)

Punjab and Haryana High Court has directed the subordinate judicial authorities to devise a reliable mechanism to update the contact details of all th.....

Tags : Punjab & Haryana High Court, Compliance of Orders Granting Bail


SEBI Relaxes Compliance Rules for Brokers(17.04.2020)

Securities and Exchange Board of India (SEBI) has relaxed compliance requirements for brokers by giving time until 31st May, 2020 for submitting repor.....

Tags : Securities and Exchange Board of India, Brokers Compliance Requirement


SC Pulls Up Delhi & Maharashtra for Not Filing Affidavit Showing Compliance of Welfare Statutes(02.09.2020)

Supreme Court has pulled up the State Governments of Maharashtra and National Capital Territory of Delhi for not filing affidavits regarding the imple.....

Tags : Supreme Court, Compliance of Welfare Statutes


International Cases

Deliberate disobedience of an order does not require a specific intention to break the law(14.08.2019)

Present proceedings arise from a dispute about noise disturbance between the owners of units in a block of units in Bay View Terrace. Unit 1 is a grou.....

Tags : Compliance, Direction, SAT Order


Public law acts were to be regarded and relied upon as lawful unless and until they were set aside by Courts(27.09.2018)

Appeal was against decision of Tribunal which it handed down on 2 June 2017. Tribunal's decision related to a special plea taken by both Goodyear Sout.....

Tags : Complaint referral, Compliance, Provisions


Person asserting breach must show that, there are substantial grounds for believing that he faces real risk of being subjected to treatment contrary to Article 3 of Convention(28.06.2017)

Respondent was convicted by District Court of Taipei of driving under influence of alcohol, negligent manslaughter and leaving scene of an accident. P.....

Tags : Extradition, Validity, Convention, Compliance


Top Story

Disclosure of compliance under Sexual Harassment of Women at Workplace Act in Annual Reports of Private companies now made Mandatory(13.08.2018)

For ensuring safety of women at workplaces in the private sector, disclosure regarding implementation of the Sexual Harassment of Women at Workplace (.....

Tags : Sexual Harassment, Enactment, Compliance


Disclosure of compliance under Sexual Harassment of Women at Workplace Act in Annual Reports of Private companies now made Mandatory(13.08.2018)

For ensuring safety of women at workplaces in the private sector, disclosure regarding implementation of the Sexual Harassment of Women at Workplace (.....

Tags : Sexual Harassment, Enactment, Compliance