“That knowledge which purifies the mind and heart alone is true knowledge, all else is only a negation of knowledge.” Hi Good morning, attached today's Newsletter 30.09.2020. Good Day ahead.
"Without knowledge action is useless and knowledge without action is futile"- Good morning, attached today's newsletter 17.10.2020. Have a great weekend.
Newsletter on daily professional updates- 08/04/2020CA PRADEEP GOYAL
“Ideas are knowledge.
When we share knowledge in the written or verbal form, amazing things can happen.”
Here is your Daily dose of professional updates 08.04.2020
“In today's environment, hoarding knowledge ultimately erodes your power. If you know something very important, the way to get power is by actually sharing it.” Here is today's newsletter 11/08/2020. Stay safe, Stay Healthy- Pradeep
Newsletter on daily professional updates- 07/03/2020CA PRADEEP GOYAL
“Sharing knowledge occurs when people are genuinely interested in helping one another develop new capacities for action;
it is about creating learning processes.”
Here is your Daily dose of professional updates 07.03.2020
"Without knowledge action is useless and knowledge without action is futile"- Good morning, attached today's newsletter 17.10.2020. Have a great weekend.
Newsletter on daily professional updates- 08/04/2020CA PRADEEP GOYAL
“Ideas are knowledge.
When we share knowledge in the written or verbal form, amazing things can happen.”
Here is your Daily dose of professional updates 08.04.2020
“In today's environment, hoarding knowledge ultimately erodes your power. If you know something very important, the way to get power is by actually sharing it.” Here is today's newsletter 11/08/2020. Stay safe, Stay Healthy- Pradeep
Newsletter on daily professional updates- 07/03/2020CA PRADEEP GOYAL
“Sharing knowledge occurs when people are genuinely interested in helping one another develop new capacities for action;
it is about creating learning processes.”
Here is your Daily dose of professional updates 07.03.2020
Daily dose of professional updates in newsletter form- 27th August 2019CA PRADEEP GOYAL
Sharing knowledge is not about giving people something, or getting something from them. That is only valid for information sharing. Sharing knowledge occurs when people are genuinely interested in helping one another develop new capacities for action; it is about creating learning processes. Here is your Daily dose of professional updates in newsletter form- 27 August 2019
Succinct newsletter on Daily updates related to-
GST with advance rulings and judgements
Corporate law
SEBI
ICAI
ICSI
RBI
MSMEs
Income Tax with daily judgements
Start-ups
New Bills/Acts
Various news related to profession
Updates from various union ministries including replies in parliament
Latest happenings in economy and finance
The more extensive a man’s knowledge of what has been done, the greater will be his power
of knowing what to do"- Good Morning, attached today's newsletter 11.09.2020. Have a great weekend.
Newsletter on daily professional updates- 10/03/2020CA PRADEEP GOYAL
गुलाल का रंग, गुब्बारों की मार,
सूरज की किरणें, खुशियों की बहार,
चाँद की चांदनी, अपनों का प्यार,
मुबारक हो आपको रंगों का त्यौहार!!!
Here is your Daily dose of professional updates 10.03.2020
“Be a lifelong student. The more you learn, the more you earn and more self-confidence you will have.” Good morning, attached today's newsletter 26.09.2002
Newsletter on daily professional updates- 10th December 2019CA PRADEEP GOYAL
Develop a passion for learning. If you do, you will never cease to grow
Here is your Daily dose of professional updates in newsletter form- 10th December, 2019
Newsletter on daily professional updates- 01/04/2020CA PRADEEP GOYAL
“True strength lies in submission which permits one to dedicate his life, through devotion, to something beyond himself."
Presenting Daily dose of professional updates dated 01.04. 2020. This is 200th edition and 1st Newsletter of Financial Year 2020-2021
"Knowledge is like money: to be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value"- Hi attached today's Newsletter 13.10.2020. Good Day ahead.
Daily dose of professional updates in newsletter form- 27th August 2019CA PRADEEP GOYAL
Sharing knowledge is not about giving people something, or getting something from them. That is only valid for information sharing. Sharing knowledge occurs when people are genuinely interested in helping one another develop new capacities for action; it is about creating learning processes. Here is your Daily dose of professional updates in newsletter form- 27 August 2019
Succinct newsletter on Daily updates related to-
GST with advance rulings and judgements
Corporate law
SEBI
ICAI
ICSI
RBI
MSMEs
Income Tax with daily judgements
Start-ups
New Bills/Acts
Various news related to profession
Updates from various union ministries including replies in parliament
Latest happenings in economy and finance
The more extensive a man’s knowledge of what has been done, the greater will be his power
of knowing what to do"- Good Morning, attached today's newsletter 11.09.2020. Have a great weekend.
Newsletter on daily professional updates- 10/03/2020CA PRADEEP GOYAL
गुलाल का रंग, गुब्बारों की मार,
सूरज की किरणें, खुशियों की बहार,
चाँद की चांदनी, अपनों का प्यार,
मुबारक हो आपको रंगों का त्यौहार!!!
Here is your Daily dose of professional updates 10.03.2020
“Be a lifelong student. The more you learn, the more you earn and more self-confidence you will have.” Good morning, attached today's newsletter 26.09.2002
Newsletter on daily professional updates- 10th December 2019CA PRADEEP GOYAL
Develop a passion for learning. If you do, you will never cease to grow
Here is your Daily dose of professional updates in newsletter form- 10th December, 2019
Newsletter on daily professional updates- 01/04/2020CA PRADEEP GOYAL
“True strength lies in submission which permits one to dedicate his life, through devotion, to something beyond himself."
Presenting Daily dose of professional updates dated 01.04. 2020. This is 200th edition and 1st Newsletter of Financial Year 2020-2021
"Knowledge is like money: to be of value it must circulate, and in circulating it can increase in quantity and, hopefully, in value"- Hi attached today's Newsletter 13.10.2020. Good Day ahead.
Newsletter on daily professional updates- 21/03/2020CA PRADEEP GOYAL
“A hero is an ordinary individual who finds the strength
to persevere and endure in spite of overwhelming obstacles.”
Here is your Daily dose of professional updates 21.03.2020
Knowledge is always changing. For the moment, the best approach to managing it is one that keeps things moving along while keeping options open. Good morning attached today's Newsletter 19.09.2020.
Newsletter on daily professional updates- 26/04/2020CA PRADEEP GOYAL
“Knowledge comes from learning,
Wisdom comes from living.”
Due to lockdown, Ministries and regulatory authorities are working with restrictions hence no regular updates are coming hence this daily update is not coming regularly as earlier.
Here is your Daily dose of professional updates 26.04.2020
"Sharing knowledge occurs when people are genuinely interested in helping one another develop new capacities for action; it is about creating learning processes", attached is today's Newsletter dated 03.08.2020. Have a great day ahead & Happy rakshabandhan to all of you- Pradeep Goyal
Newsletter on daily professional updates- 05/02/2020CA PRADEEP GOYAL
Sharing knowledge is the most fundamental act of friendship.
Because it is a way you can give something without loosing something.
Here is your Daily dose of professional updates 05.02.2020
Newsletter on daily professional updates- 25/06/2020CA PRADEEP GOYAL
“Knowledge is knowing that a tomato is a fruit.
Wisdom is not putting it in a fruit salad.”
Here is your Daily dose of professional updates 25th June 2020
“Education is the ability to listen to almost anything without losing your temper or self-confidence.” Hi good morning, attached today's newsletter 29.09.2020
Newsletter on daily professional updates- 10/05/2020CA PRADEEP GOYAL
“Knowledge is power? No. Knowledge on its own is nothing, but the application of useful knowledge, now that is powerful.”
Here is your Daily dose of professional updates 10.05.2020
Newsletter on daily professional updates- 13/02/2020CA PRADEEP GOYAL
“I believe that the greatest crime is
to learn something that can significantly benefit other people,
yet share it with no one.”
Here is your Daily dose of professional updates 13.02.2020
“Be a lifelong student. The more you learn, the more you earn and more self-confidence you will have.” Good morning, attached today's newsletter 20.10.2020. Good day ahead.
In today’s environment, hoarding knowledge ultimately erodes your power. If you know something very important, the way to get power is by actually sharing it.- Good morning attached today's newsletter 25.09.2020.
“Knowledge is like a garden; if it is not cultivated, it cannot be harvested.” Hi Good morning, attached today's newsletter dated 17.09.2020. have a great day ahead
"Humility will teach you knowledge, arrogance will teach you ignorance. If you think you know it all, you have learned nothing" Hi good morning, attached today's newsletter 01.09.2020. great day ahead
“The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.”- attached today's newsletter 07.08.2020. Have a great day ahead.
"Develop a passion for learning. If you do, you will never cease to grow.”- attached today's newsletter dated 06.08.2020. Have a great day ahead- regards Pradeep
Link to join wtsapp group to get this daily newsletter
https://chat.whatsapp.com/G38rzhWW30s2mpThzMZQKb
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)
Daily Newsletter 30.09.2020
1. Initiative by
PRADEEP GOYAL
Chartered Accountant
B.Com | FCA | CPA-Australia | Certified Fraud Examiner |Certified Data Analyst & Scientist| Data Privacy Practitioner |
Insolvency Professional | Registered Valuer | ICAI Certified GST Practitioner | Life-Time Member of Independent Directors’
Data Bank with IICA
pradeepgoyal@kcsassociates.in | +91-9811777103 | Connect me at LinkedIn
DA
Direct & Indirect Taxes | ICAI & ICSI Updates | Corporate laws |
Insolvency | SEBI | RBI | Economy & Finance
Just in™
[Daily Newsletter related to Profession]
No. 280 | 30 September 2020
2. For Education & Information Purpose only. Page I
Daily Newsletter 280 | 30 September 2020
▪ Notifications / Circulars / Press releases / FAQs / Portal Updates / Write-ups by Board
“CBIC” and Government.
❖ From 1st October 2020, businesses with turnover above Rs. 500 Cr. to start ‘e-
invoicing’ their B2B supplies and Exports.
Here is latest video from GSTN to understand all about this new change.
❖ CBIC amended Circular 38/2016-Custom on Guidelines for Provisional Assessment
under Section 18 of the Customs Act 1962.
This is with reference to CBIC’s Circular no. 38/2016-Customs, dated 22.08.2016 which
provides guidelines regarding provisional assessment under section 18 of the Customs
Act 1962 and Customs (Administration of Rules of Origin under Trade Agreements)
Rules, 2020 (hereafter referred to as the CAROTAR, 2020) issued vide Notification No.
81/2020-Customs (N.T.) dated 21st August 2020.
Here is circular about amendments
▪ Legal Updates- Advance Ruling Authorities / Tribunals / High Courts / Supreme Court
Sr.No.
Key to find the document Authority
who
passed
the order
Details of decision
1 [2020] 119 taxmann.com 431 (
Gnanaganga Gruha Nirmana
Sahakara Sangha Niyamitha, In
re
ADVANCE RULING NO.
KAR/ADRG/45 OF 2020
SEPTEMBER 11, 2020
AAR
Karnataka
Maintaining facilities w.r.t
residential dwelling by
housing society from amt.
charged from members is a
service.
Indirect Taxes
3. For Education & Information Purpose only. Page II
Daily Newsletter 280 | 30 September 2020
▪ Notifications / Circulars / Press releases / FAQs / Portal Updates / Write-ups by Board
“CBDT” and Government.
❖ Order of the CBDT regarding uploading Information relating to GST return in Form
26AS as per Rule 114.
Principal Director General of Income-tax (Systems) or the Director General of Income-
tax (Systems) to upload information relating to GST return, which is in his possession,
in the Annual Information Statement in Form 26AS, within three months from the end
of the month in which the information is received by him.
CBDT Order here
❖ CBDT’s advisory and guidelines on adjustment for discount/GST while calculating
threshold limit u/s 206C(1H).
The Central Board of Direct Taxes (CBDT) has issued detailed guidelines for removing
certain difficulties while complying the provisions related to deduction of tax at source
under section 194-O and collection of tax at source under section 206C(1H). Both the
sections are applicable w.e.f. 01-10-2020.
Circular No. 17 of 2020
❖ Advanced Integrated Course on Information Technology and Soft Skills (Advanced
ICITSS)-Adv. Information Technology Test - Computer Based Mode on 22nd October
2020.
ICAI has been decided to conduct Advanced ICITSS - Adv. IT Test – in Computer Based
Mode on Thursday, the 22nd October 2020 from 10.30 AM to 12.30 PM (IST).
Exam centres and other details here
❖ Announcement regarding Extension of due dates for various Schemes, Registration
as Independent Director, DIR-3 KYC, holding EGM, till 31st December 2020 by the
Government of India by CL&CGC ICAI.
Read here to understand the changes
Direct Taxes
ICAI Announcements
4. For Education & Information Purpose only. Page III
Daily Newsletter 280 | 30 September 2020
❖ Extension in the Last Date for Payment of Membership /COP Fee.
The Council of ICAI considering the request from Members at large has decided to
extend the last date for payment of Membership/ COP fee from 30th September 2020
to 30th November 2020.
Announcement here
❖ Announcement regarding Highlights made by the Companies (Amendment) Act,
2020 by CL&CGC ICAI.
The Companies (Amendment) Act, 2020 (herein after referred to as ‘the Amendment
Act’) got the assent of Hon’ble President as on 28th September 2020 and is thus
operative since that date. It was passed by the Lok Sabha on 19th September 2020 and
by the Rajya Sabha on 22nd September 2020.
Clause by clause discussion here
❖ ICSI issued MCA related updates on corporate laws.
Download here
❖ ICSI announce revised effective date for applicability of ICSI Auditing Standards.
The Standards were made recommendatory w. e. f. 1st July 2019 and mandatorily
applicable for Audit Engagements accepted by the Auditor on or after 1st April 2020 as
per the decision of the Council of the ICSI. However, due to unprecedented situation
occurred by the spread of COVID-19, the mandatory applicability was deferred to Audit
Engagements accepted by the Auditor 1st October,2020.
Announcement here
❖ MCA informs stakeholders that Companies Fresh Start Scheme, LLP Settlement
Scheme and Charge related fillings under the Companies Act, 2013 has been extended
till 31st December 2020.
ICSI Announcements
Corporate Laws
5. For Education & Information Purpose only. Page IV
Daily Newsletter 280 | 30 September 2020
▪ Legal Updates- NCLTs / NCL-ATs / Supreme Court
Sr.No.
Key to find the
document
Authority
who passed
the order
Details of decision
1 [2020] 119
taxmann.com 446
Suraksha Asset
Reconstruction Ltd.
v. Shailen Shah RP
For Wind World
(India) Ltd.
IA NOS. 439 OF 2020
& 476 OF 2018
CP(IB) NO. 14 OF
2018
SEPTEMBER 8, 2020
NCLT
Ahmedabad
Resolution plan without validity period
does not confirm to requirements of
section 30(2)(e) of IBC, withdrawal
permitted.
Where resolution plan did not have any
expiry period, it was not in consonance
with provisions of regulation 38(2) of
CIRP Regulations, hence, if such plan
came for approval then same could be
rejected as being in violation of CIRP
Regulations and ultimately section
30(2)(e) of IBC, 2016, accordingly,
resolution applicant was to be granted
permission to withdraw its resolution
plan because as against claim of COC
that permission to withdraw resolution
plan would result into serious difficulties
for all stakeholders in future, it is viewed
that, in fact, it would result into
improving quality and timelines of
resolution process with more
accountability and responsive behaviour
of all people involved in such exercise.
Further, permission to withdraw, in
consonance with objects as enshrined in
preamble to IBC, 2016 would promote
entrepreneurship in real sense and
would also go a long way in balancing
interests of all stakeholders
Insolvency & Bankruptcy
6. For Education & Information Purpose only. Page V
Daily Newsletter 280 | 30 September 2020
Sr.No.
Key to find the
document
Authority
who
passed
the order
Details of decision
2 [2020] 119
taxmann.com 447
K. Sailendra, In re
WRIT PETITION NO.
4313 OF 2020
SEPTEMBER 17,
2020
Telangana
High
Court
HC rejects writ petition as effective
alternative remedy of appeal before
NCLAT was available to petitioner u/s 61
Where petitioner filed writ petition
challenging order of NCLT admitting
petition for initiation of corporate
insolvency resolution process of
corporate debtor on ground that
respondents had manipulated and
falsified accounts and misappropriated
funds apart from committing fraud, it was
held that said aspects could be considered
by NCLAT, if appeals were preferred by
petitioners under section 61 to it and,
therefore, writ petition could not be
entertained since petitioners had an
effective alternative remedy before
NCLAT under section 61.
▪ News / Latest Developments / Other updates.
❖ New restructuring and insolvency processes for small Australian businesses.
The Australian Federal Government has announced significant insolvency law reforms
that will affect small businesses with liabilities of less than $1 million. The reforms are
expected to commence on 1 January 2021 and will introduce, among other measures,
a new debt restructuring process and liquidation pathway for small businesses which
the Government intends to be simpler, more flexible, and more efficient than existing
processes.
Lexology reports
7. For Education & Information Purpose only. Page VI
Daily Newsletter 280 | 30 September 2020
❖ RBI holds Regional review meeting on MSME sector
RBI holds the 52nd Empowered Committees Meeting for MSMEs of NCT of Delhi,
through virtual mode due to COVID -19 on 28th September 2020. The meeting was
conducted through the Cisco Webex application.
Media report
❖ Law Ministry notifies Banking Regulation (Amendment) Act, 2020.
Here is gazetted copy
❖ Vodafone retro tax: Fight not over as I-T dept to seek Attorney General's views.
The Income Tax department will seek the Attorney General's opinion on the next
course of action after losing the retrospective tax arbitration case against Vodafone.
India could opt to appeal against the decision of the Permanent Court of Arbitration
(PCA) in Hague. A person in the know said that all legal options are open, but the
government would keep in mind investors' rights and interests of the sovereign, as
mentioned in a report in The Economic Times.
Business Today Report
❖ RBI likely to hold policy rates, expect total of 125 bps cut by mid-FY22: CLSA report.
With RBI's Monetary Policy Committee (MPC) postponing its meeting, the anticipation
of policy rates is rising. Some brokerages feel there's room for interest rate cuts in the
future and CLSA feels the same too. It is expecting RBI to hold the repo rate steady at
4 percent in this meeting, but by mid-FY22, expect a total repo rate cut of 125 bps, said
the global brokerage.
CNBC Report
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