I. Introduction: India is one of the major destination for conducting clinical trials. The Drug Controller General of India (DCGI) is the governing body responsible for all pharmaceutical-research and regulatory issues in India. While conducting clinical trials in India, regulations have come to ensure safety and wellbeing of the study subjects in the trial. In …
S. No. Compliance Forms to be Filed Relevant Law Due Date 1 Excise duty payment GAR 7 Central Excise Rules, 2002 5th January 2017 2 Payment of service tax to the department GAR 7 Service Tax Rules, 1994 6th January 2017 3 Tax Deducted at Source payment challan No./ITNS 281 Income Tax Act, 1961 7th …
(Provisions of this code override the existing laws on matters pertaining to insolvency and bankruptcy) I. Introduction: The Insolvency and Bankruptcy Code, 2016 (“IBC” or “Code”) was passed in order to consolidate and amend the existing legal framework available to deal with the insolvency and bankruptcy matters. The IBC offers a comprehensive and uniform mechanism …
“Wishing you all a very Happy and Prosperous New Year-2017!!” “Effectiveness of policy also depends on implementation; ideas alone don’t lead to desired outcomes.” After Prime Minister Mr. Narendra Modi announcing withdrawal of higher currency as legal tender to curb black money, finance minister Mr. Arun Jaitley added a new gloss to the decision. He announced …
I. Introduction: Merger/amalgamation is a restructuring tool which helps companies in expansion and diversification of their business and to achieve their under lying objectives. In commercial parlance, merger essentially means an arrangement whereby one or more existing companies merge their identity into another to form a new and different entity which may or may not …
Commencement notification dated 07.12.2016On 07th December, 2016, the Central Government of India, in exercise of powers conferred under sub-section 3 of section 1 of the Companies Act, 2013, notified the following sections of the Companies Act, which are made effective from 15th December, 2016. Sections Notified Sections Notified Section 2(23) Section 7(7) (c)&(d ) Section …
SEBI (Portfolio Manager) (Amendment) Regulations, 2016Vide notification issued by SEBI dated 02nd January, 2017, a new chapter on “Eligible Fund Managers” and new schedule in relation to “Declarations for Eligible Fund Managers” were inserted governing Portfolio Managers.The provisions of the above mentioned new chapter shall apply to eligible fund managers exclusively, pertaining to their activities …
Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2016: On 02nd January, 2017, RBI in exercise of powers conferred under section 47 of the Foreign Exchange Management Act, 1999, inserted the following after Clause (vi), sub regulation (2) of Regulation 6 of Foreign Exchange Management (Transfer or Issue of Any …
Parties: Plaintiff: Ashish Bhalla Vs. Respondent: Suresh Chawdhary & Ors. Citation: CS (OS) No.188/2016 Court: High Court of Delhi at New Delhi Bench: Rajiv Sahai Endlaw I. Facts of the case: The petitioner had sought damages against the administrator of a Telegram and Google group on which the allegedly defamatory statements were made. The plaintiff in …
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1. Clarification Regarding Filing of Offline Challans with IEPF Authority under Companies Act. It is mandatory for the Companies depositing amounts to IEPF under Section 125 of the Companies Act, 2013 to i) generate challans online only; ii) file form IEPF-I mentioning the SRN of challan (online mode only). 2. The Investor Education and Protection Fund …
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