This book provides a comprehensive commentary on law relating to Corporate Bonds and Debentures. This book will find practical value and utility for the following communities and professionals:
• Corporate Practitioners
• Researchers/Academicians
• Students
The Present Publication is the Latest Edition, authored by Vinita Nair Dedhia (Senior Partner) & Abhirup Ghosh (Partner), with the following noteworthy features:
• It covers both issuers’ & investors perspective
• Includes substantial technical details such as the law pertaining to floating charges, debenture trustees, etc.
• Apart from the traditional corporate bonds, this book also covers application-specific bonds such as infrastructure bonds, masala bonds, green bonds, etc.
• Law stated in this book is amended up to 1st January, 2021
• The contents of the book are as follows:
• Introduction to Debentures & State of Corporate Bond Market in India
• Meaning of Debentures
• Types of Debentures
• State of Indian Corporate Bond Market
• Issuance of Debentures in India
• Debenture Issuance: Motivations and Terms of Use
• Modes of Issuance of Debentures and Regulatory Framework
• Issuance of Debentures in Accordance with Companies Act, 2013: Conditions Common for all Issuances
• Private Placement of Short Term NCDs
• Private Placement of Long Term NCDs
• Private Placement of NCD by NBFCs & HFCs
• Public Issue of Debentures in India
• Issue of Debentures Outside India
• Listing of Debentures in India & Associated Compliances
• Listing of Privately Placed Debentures
• Listing of Publicly Issued NCDs
• Post Listing Compliances under SEBI Regulations
• Post Listing Compliances under SEBI Circulars
• International Securities Identification Number: Procedures, Limits, etc.
• Issuance of NCDs Through Electronic Book Mechanism
• Intermediaries Associated with Issuance of Debentures
• Debenture Trustee
• Stamp Duty on Debentures
• Stamp Duty on Issue & Transfer of Debentures
• Investing in Debentures
• Investing in Debentures
• Rights of Debenture Holders
• Restructuring of Debentures
• Special Debt Securities
• Capital Adequacy Bonds
• Green Bonds
• Market Linked Debentures
• Infrastructure Bonds
• Accounting & Taxation Aspects of Debentures
• Accounting of Debentures
• Taxation Aspects of Debentures
Taxmann's Indian Competition Law is a section-wise commentary on Competition Law. What sets this book apart is the unique combination of the study of both substantive and procedural elements of Competition Law in India.
The objective of this book is three-fold:
• Focusing on Indian Competition Law, elucidating the Indian jurisprudence and then comparing it with positions taken by European Union (EU) and the United States
• This book does not get restricted to the major provisions/broader issues of competition law but also highlights economic, technical and administrative concepts/issues that are relevant in the practical application and interpretation of competition law
• This book does not become a technical treatise but a document that a wider audience can read and understand, including lawyers, judges, academicians, lawmakers, market regulators, & entrepreneurs.
The Present Publication is the Latest Edition, authored by Adv. Gautam Shahi & Dr. Sudhanshu Kumar, amended up to 30th May 2021, with the following noteworthy features:
• [Detailed Study on Fundamental Issues] including:
o Anti-Competitive Agreements
o Abuse of Dominant Position
o Combinations (Acquisitions and Mergers)
• [Evolution of Competition Jurisprudence] in India
• [Comparitive Assessment] of major issues in Indian competition law with vis-à-vis EU, UK, and the USA
• [Exhaustive Analysis] on Rules, Regulations, Guidance issued by CCI & Case Laws decided by the CCI, COMPAT (now NCLAT), High Courts, and the Supreme Court
• [Interaction of Competition Act with other Laws] such as:
o Administrative Law
o Intellectual Property Laws
o Telecom Laws
This book focuses on a ‘detailed-commentary’ and ‘step-by-step approach’ for the Forensic Audit of Financial Transactions. It also deals with each and every aspect of Forensic Audit of various items of statement of Profit & Loss and Balance Sheet.
The Present Publication is the Latest Edition & is updated with all amendments and legal position up to July 2020, authored by G.C. Pipara.
Understanding the Forensic Audit is not complete, without actual Case Analysis and this book includes analysis of actual company cases relating to Forensic Audit, where either fraud or misrepresentation of information is found. With the help of Case Analysis, how to achieve the maximum objective of Forensic Audit, has been explained in a lucid language with step by step approach.
Each part of this book deals with the different segments of the forensic audit and each part has been devised carefully, keeping in mind – ‘Maximum Result’ and with an objective that the real purpose of Forensic Audit is served.
This book deals with –
· Misstatement of information in the financial statement,
· Incorrect details in the financial statement,
· Diversion of funds by an entity,
· Siphoning of Funds by an entity,
· Fraud in some of the transactions undertaken by the entity,
· Fraud in books of accounts and other records,
· Fraud in the balance sheet – one which is even audited,
· Fraud by the auditor in helping the organization to accomplish its intention etc.
The structure of the Book is as follows:
· Part One
Deals with the introduction of the forensic audit and look into the past, present and future of forensic audit. This part is presented to establish the foundation of the book.
· Part Two
Deals with important transactions pertaining to purchases of goods, sales and other major expenditures - which forms part of the statement of profit & loss account. Provisions and contingent liabilities are often used by an entity to cook the books of account and therefore, a separate chapter is presented on this issue.
· Part Three
The various items contained in the balance sheet, are a major part of the activities of any entity and therefore, is a major part of any forensic audit also. Therefore, in this part of the book, the following important activities of an entity’s are covered:
o Fixed (Hard) Assets – hard to spot
o Intangible Assets and Goodwill – neither visible nor real
o Capital Work In Progress (CWIP), Stock In Progress (SIP), and Stock – not seeing the light of day
o Piling Stock and Mounting Debtors – an evergreen technique for every-greening
o Investments – without objectives like a traveler without a destination
o Loans and Advances given – gone with the wind
o Equity and Shareholders – invisible ownership
Learn More
This book is a ‘do-it-yourself’ guide for aspiring GST Practitioners, where legal provisions are provided in a concise & precise manner, without tampering with the intent and spirit of the GST Laws.
The Present Publication is the 4th Edition, amended up to 27th August 2020, with the following noteworthy features:
· Bulleted explanation on the entire gamut of GST Laws
· Includes Section-Wise key points containing provisions of the
CGST Act, SGST Act, IGST Act, UTGST Act, GST
(Compensation) Act and Rules with comments
· Coverage of 5,500 + MCQs
· Provides for the reasoning for the MCQ’s for more clarity
· Tables, flowcharts & diagrams for easy understanding of the
GST Laws
· All the latest developments in the GST Laws including latest
Circulars, Order & Notifications issued up to 27th August, 2020
· Contents of the books are as follows:
o GST Basics
o Preliminary
o IGST Act, 2017
o GST (Compensation to States) Act, 2017
o Industry-Specific Provisions
o Appendices
§ Form GSTR-9
§ Form GSTR-9C
FEMA & FDI Ready Reckoner provides complete and accurate information about all provisions of the Foreign Exchange Management Act, 1999 (FEMA). It also includes guidance on all practical issues faced by companies and FEMA professionals.
Key features of this book are as follows:
• Topic-wise commentary on FEMA
• Analysis of all provisions of FEMA with relevant Rules, Judicial Pronouncements, Circulars, Notifications and Master Directions issued by Reserve Bank of India
• Law Relating to the following
◦ Prevention of Money Laundering Act
◦ Foreign Contribution (Regulation) Act
◦ COFEPOSA
The Present Publication is the 15th Edition, and it is amended up to 30th June 2021. The coverage of this book is as follows:
• FEMA – Overview
• Authorised Person under FEMA
• Account in India by Person Resident out of India
• Accounts of Indian Residents in Foreign Currency
• Receipt and Payment in Foreign Exchange
• Realisation, Repatriation and Surrender of Foreign Exchange
• Money Changing Activities
• Money Transfer Service Scheme (MTSS)
• Possession and Retention of Foreign Currency
• Export and Import of Currency or Currency Notes
• Remittances on Current Account
• Liberalised Remittance Scheme (LRS)
• Export of Goods and Services
• Import of Goods and Services
• Project Exports and Service Exports
• Foreign Exchange Rates
• Overview of Capital Account Transactions
• Foreign Investment in India
• FDI in Indian Company
• Section Wise FDI Policy at a Glance
• FDI – Downstream Investment, i.e. Indirect Investment
• FDI through Rights, Bonus, Sweat Equity or Merger/Amalgamation
• FDI – Transfer of Securities
• FDI in LLP
• FDI in GDR/ADR
• Investment by NRI or OCI
• FDI in Startup Company
• Investment by Foreign Portfolio Investors
• FDI in Investment Vehicle
• FDI by FVCI
• FDI – Investment in Securities by Funds, Foreign Central Bank, etc.
• Investment by Indian Entity in JV/WOS Abroad
• Guarantees
• Insurance
• Borrowing and Lending in Foreign Currency
• Borrowing and Lending in Indian Rupees
• Foreign Investment in Debt Instruments
• External Commerical Borrowings
• Trade Credit (TC) and Structured Obligations
• Acquisitions and Transfer of Immovable Property in India
• Acquisition and Transfer of Immovable Property out of India
• Remittance of Assets
• Branch/LO/Project Office in India by Foreign Entities
• Indian Depository Receipts
• Risk Management and Inter-Bank Dealings
• VOSTRO Account of Non-Resident Exchange Houses
• Industrial Policy of Government of India
• Enforcement of FEMA
• Penalties under FEMA
• Appeals under FEMA
• Compounding of Contraventions under FEMA
• Prevention of Money Laundering Act
• Foreign Contribution (Regulation) Act (FCRA)
• COFEPOSA, 1974
BoyarMiller Breakfast Forum: The Energy Industry 2016 – Looking ForwardBoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a discussion on the energy industry.
Speakers included David A. Pursell with Tudor, Pickering, Holt & Co., Matthew G. Pilon with Simmons & Company International and Robert A. Dye, Ph.D. with Comerica Bank.
Excerpts from the Preface:
Q. How do you make a small fortune in the stock market?
A. Start with a large one.
A prime example of the Indian stock market’s potential is Infosys. If you subscribed to 100 shares of Infosys at its 1993 IPO at a price of INR 95 per share, you would own 1,02,400 shares of the company today. At an average price of INR 700 per share, that investment would now be worth over INR 7 Crores!
Introduction:
Taxmann’s Stock Market Wisdom highlights the great potential of the stock market while guiding investors to invest wisely and how to avoid its pitfalls. It is an attempt to assist investors to understand the following:
· How the market system operates?
· How one should invest money in it?
· How one can generate wealth through it over the long term.
The author has also explained how the markets have evolved, what their present stage is, where they’re headed, and, of course, how you can benefit, with the help of multiple case studies.
· Featuring the following case-studies:
o India’s Top 25 Years Return Chart
o World stock exchange performance
o The Roller Coaster Journey of the SENSEX from 100 to 41,000
o Amazing story of Reliance Industries – The first Indian company to enter the 10 Trillion Market Cap Club
o Avenue Supermarts Ltd. – The company that defies gravity
This document is the contents page and introduction for a book on Competition Law in India published by Taxmann Publications Pvt. Ltd. It provides an overview of the book's organization, outlines the various divisions covering the Competition Act of 2002 and associated rules and regulations, and includes standard copyright and disclaimer information for publications.
GST Made Easy provides an Updated, Comprehensive & Simplified Analysis of each provision of the GST Law. The objective behind this book is that the understanding of GST should be as easy as ABC. This book provides answers to all your practical queries on GST.
The Present Publication is the 10th Edition, authored by CA (Dr.) Arpit Haldia & updated till 15th June 2021, with the following noteworthy features:
• [Focus on Analysis of Substantive Provisions of the GST Law] such as supply, time of supply, place of supply, value of supply, input tax credit, etc.
• [Guidance on all Procedural Provisions] relating to registration, composition scheme, returns, liability to pay tax, etc.
• [Coverage of Provisions of the GST Law] such as assessment, demand & recovery, refunds, e-way bill, job work, etc.
The contents of the book are as follows:
• Introduction
• An Overview of GST
• Person Liable to Pay Tax in GST
• Registration in GST
• What is Supply
• Time of Supply of Goods
• Time of Supply of Services
• Value of Supply
• Place of Supply
• Determination of Supply in the Course of Inter-State Trade or Commerce or Intra-State Supplies
• Job Work
• Invoice, Credit and Debit Notes
• Input Tax Credit
• Payment of Taxes
• Brief about Persons requiring Mandatory Registration
• Composition Levy – For Supplier of Goods and for Persons Engaged in Making Supplies Referred to in Clause (b) of Paragraph 6 of Schedule II
• Returns
• Assessment
• Refund
• Accounts and Records
• E-Way Bill
• Advance Ruling
• Composition Scheme for Services or Mixed Suppliers
• Demand and Recovery
• Penalty
• Rule 86B – Payment of 1% of Output Liability in Cash
Taxmann's Indian Competition Law is a section-wise commentary on Competition Law. What sets this book apart is the unique combination of the study of both substantive and procedural elements of Competition Law in India.
The objective of this book is three-fold:
• Focusing on Indian Competition Law, elucidating the Indian jurisprudence and then comparing it with positions taken by European Union (EU) and the United States
• This book does not get restricted to the major provisions/broader issues of competition law but also highlights economic, technical and administrative concepts/issues that are relevant in the practical application and interpretation of competition law
• This book does not become a technical treatise but a document that a wider audience can read and understand, including lawyers, judges, academicians, lawmakers, market regulators, & entrepreneurs.
The Present Publication is the Latest Edition, authored by Adv. Gautam Shahi & Dr. Sudhanshu Kumar, amended up to 30th May 2021, with the following noteworthy features:
• [Detailed Study on Fundamental Issues] including:
o Anti-Competitive Agreements
o Abuse of Dominant Position
o Combinations (Acquisitions and Mergers)
• [Evolution of Competition Jurisprudence] in India
• [Comparitive Assessment] of major issues in Indian competition law with vis-à-vis EU, UK, and the USA
• [Exhaustive Analysis] on Rules, Regulations, Guidance issued by CCI & Case Laws decided by the CCI, COMPAT (now NCLAT), High Courts, and the Supreme Court
• [Interaction of Competition Act with other Laws] such as:
o Administrative Law
o Intellectual Property Laws
o Telecom Laws
This book focuses on a ‘detailed-commentary’ and ‘step-by-step approach’ for the Forensic Audit of Financial Transactions. It also deals with each and every aspect of Forensic Audit of various items of statement of Profit & Loss and Balance Sheet.
The Present Publication is the Latest Edition & is updated with all amendments and legal position up to July 2020, authored by G.C. Pipara.
Understanding the Forensic Audit is not complete, without actual Case Analysis and this book includes analysis of actual company cases relating to Forensic Audit, where either fraud or misrepresentation of information is found. With the help of Case Analysis, how to achieve the maximum objective of Forensic Audit, has been explained in a lucid language with step by step approach.
Each part of this book deals with the different segments of the forensic audit and each part has been devised carefully, keeping in mind – ‘Maximum Result’ and with an objective that the real purpose of Forensic Audit is served.
This book deals with –
· Misstatement of information in the financial statement,
· Incorrect details in the financial statement,
· Diversion of funds by an entity,
· Siphoning of Funds by an entity,
· Fraud in some of the transactions undertaken by the entity,
· Fraud in books of accounts and other records,
· Fraud in the balance sheet – one which is even audited,
· Fraud by the auditor in helping the organization to accomplish its intention etc.
The structure of the Book is as follows:
· Part One
Deals with the introduction of the forensic audit and look into the past, present and future of forensic audit. This part is presented to establish the foundation of the book.
· Part Two
Deals with important transactions pertaining to purchases of goods, sales and other major expenditures - which forms part of the statement of profit & loss account. Provisions and contingent liabilities are often used by an entity to cook the books of account and therefore, a separate chapter is presented on this issue.
· Part Three
The various items contained in the balance sheet, are a major part of the activities of any entity and therefore, is a major part of any forensic audit also. Therefore, in this part of the book, the following important activities of an entity’s are covered:
o Fixed (Hard) Assets – hard to spot
o Intangible Assets and Goodwill – neither visible nor real
o Capital Work In Progress (CWIP), Stock In Progress (SIP), and Stock – not seeing the light of day
o Piling Stock and Mounting Debtors – an evergreen technique for every-greening
o Investments – without objectives like a traveler without a destination
o Loans and Advances given – gone with the wind
o Equity and Shareholders – invisible ownership
Learn More
This book is a ‘do-it-yourself’ guide for aspiring GST Practitioners, where legal provisions are provided in a concise & precise manner, without tampering with the intent and spirit of the GST Laws.
The Present Publication is the 4th Edition, amended up to 27th August 2020, with the following noteworthy features:
· Bulleted explanation on the entire gamut of GST Laws
· Includes Section-Wise key points containing provisions of the
CGST Act, SGST Act, IGST Act, UTGST Act, GST
(Compensation) Act and Rules with comments
· Coverage of 5,500 + MCQs
· Provides for the reasoning for the MCQ’s for more clarity
· Tables, flowcharts & diagrams for easy understanding of the
GST Laws
· All the latest developments in the GST Laws including latest
Circulars, Order & Notifications issued up to 27th August, 2020
· Contents of the books are as follows:
o GST Basics
o Preliminary
o IGST Act, 2017
o GST (Compensation to States) Act, 2017
o Industry-Specific Provisions
o Appendices
§ Form GSTR-9
§ Form GSTR-9C
FEMA & FDI Ready Reckoner provides complete and accurate information about all provisions of the Foreign Exchange Management Act, 1999 (FEMA). It also includes guidance on all practical issues faced by companies and FEMA professionals.
Key features of this book are as follows:
• Topic-wise commentary on FEMA
• Analysis of all provisions of FEMA with relevant Rules, Judicial Pronouncements, Circulars, Notifications and Master Directions issued by Reserve Bank of India
• Law Relating to the following
◦ Prevention of Money Laundering Act
◦ Foreign Contribution (Regulation) Act
◦ COFEPOSA
The Present Publication is the 15th Edition, and it is amended up to 30th June 2021. The coverage of this book is as follows:
• FEMA – Overview
• Authorised Person under FEMA
• Account in India by Person Resident out of India
• Accounts of Indian Residents in Foreign Currency
• Receipt and Payment in Foreign Exchange
• Realisation, Repatriation and Surrender of Foreign Exchange
• Money Changing Activities
• Money Transfer Service Scheme (MTSS)
• Possession and Retention of Foreign Currency
• Export and Import of Currency or Currency Notes
• Remittances on Current Account
• Liberalised Remittance Scheme (LRS)
• Export of Goods and Services
• Import of Goods and Services
• Project Exports and Service Exports
• Foreign Exchange Rates
• Overview of Capital Account Transactions
• Foreign Investment in India
• FDI in Indian Company
• Section Wise FDI Policy at a Glance
• FDI – Downstream Investment, i.e. Indirect Investment
• FDI through Rights, Bonus, Sweat Equity or Merger/Amalgamation
• FDI – Transfer of Securities
• FDI in LLP
• FDI in GDR/ADR
• Investment by NRI or OCI
• FDI in Startup Company
• Investment by Foreign Portfolio Investors
• FDI in Investment Vehicle
• FDI by FVCI
• FDI – Investment in Securities by Funds, Foreign Central Bank, etc.
• Investment by Indian Entity in JV/WOS Abroad
• Guarantees
• Insurance
• Borrowing and Lending in Foreign Currency
• Borrowing and Lending in Indian Rupees
• Foreign Investment in Debt Instruments
• External Commerical Borrowings
• Trade Credit (TC) and Structured Obligations
• Acquisitions and Transfer of Immovable Property in India
• Acquisition and Transfer of Immovable Property out of India
• Remittance of Assets
• Branch/LO/Project Office in India by Foreign Entities
• Indian Depository Receipts
• Risk Management and Inter-Bank Dealings
• VOSTRO Account of Non-Resident Exchange Houses
• Industrial Policy of Government of India
• Enforcement of FEMA
• Penalties under FEMA
• Appeals under FEMA
• Compounding of Contraventions under FEMA
• Prevention of Money Laundering Act
• Foreign Contribution (Regulation) Act (FCRA)
• COFEPOSA, 1974
BoyarMiller Breakfast Forum: The Energy Industry 2016 – Looking ForwardBoyarMiller
As part of its ongoing Breakfast Forum series, BoyarMiller gathered industry experts for a discussion on the energy industry.
Speakers included David A. Pursell with Tudor, Pickering, Holt & Co., Matthew G. Pilon with Simmons & Company International and Robert A. Dye, Ph.D. with Comerica Bank.
Excerpts from the Preface:
Q. How do you make a small fortune in the stock market?
A. Start with a large one.
A prime example of the Indian stock market’s potential is Infosys. If you subscribed to 100 shares of Infosys at its 1993 IPO at a price of INR 95 per share, you would own 1,02,400 shares of the company today. At an average price of INR 700 per share, that investment would now be worth over INR 7 Crores!
Introduction:
Taxmann’s Stock Market Wisdom highlights the great potential of the stock market while guiding investors to invest wisely and how to avoid its pitfalls. It is an attempt to assist investors to understand the following:
· How the market system operates?
· How one should invest money in it?
· How one can generate wealth through it over the long term.
The author has also explained how the markets have evolved, what their present stage is, where they’re headed, and, of course, how you can benefit, with the help of multiple case studies.
· Featuring the following case-studies:
o India’s Top 25 Years Return Chart
o World stock exchange performance
o The Roller Coaster Journey of the SENSEX from 100 to 41,000
o Amazing story of Reliance Industries – The first Indian company to enter the 10 Trillion Market Cap Club
o Avenue Supermarts Ltd. – The company that defies gravity
This document is the contents page and introduction for a book on Competition Law in India published by Taxmann Publications Pvt. Ltd. It provides an overview of the book's organization, outlines the various divisions covering the Competition Act of 2002 and associated rules and regulations, and includes standard copyright and disclaimer information for publications.
GST Made Easy provides an Updated, Comprehensive & Simplified Analysis of each provision of the GST Law. The objective behind this book is that the understanding of GST should be as easy as ABC. This book provides answers to all your practical queries on GST.
The Present Publication is the 10th Edition, authored by CA (Dr.) Arpit Haldia & updated till 15th June 2021, with the following noteworthy features:
• [Focus on Analysis of Substantive Provisions of the GST Law] such as supply, time of supply, place of supply, value of supply, input tax credit, etc.
• [Guidance on all Procedural Provisions] relating to registration, composition scheme, returns, liability to pay tax, etc.
• [Coverage of Provisions of the GST Law] such as assessment, demand & recovery, refunds, e-way bill, job work, etc.
The contents of the book are as follows:
• Introduction
• An Overview of GST
• Person Liable to Pay Tax in GST
• Registration in GST
• What is Supply
• Time of Supply of Goods
• Time of Supply of Services
• Value of Supply
• Place of Supply
• Determination of Supply in the Course of Inter-State Trade or Commerce or Intra-State Supplies
• Job Work
• Invoice, Credit and Debit Notes
• Input Tax Credit
• Payment of Taxes
• Brief about Persons requiring Mandatory Registration
• Composition Levy – For Supplier of Goods and for Persons Engaged in Making Supplies Referred to in Clause (b) of Paragraph 6 of Schedule II
• Returns
• Assessment
• Refund
• Accounts and Records
• E-Way Bill
• Advance Ruling
• Composition Scheme for Services or Mixed Suppliers
• Demand and Recovery
• Penalty
• Rule 86B – Payment of 1% of Output Liability in Cash
Taxmann's Guide to SARFAESI Act 2002 & Recovery of Debts and Bankruptcy Act 1993Taxmann
This document provides an overview of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). It discusses the background and objectives of the Act, key features such as enforcement of security, securitization, and asset reconstruction. It also examines related topics such as the constitutional validity of the Act, applicability to different entities, and interactions with other laws like the Recovery of Debts and Bankruptcy Act, 1993 and Insolvency and Bankruptcy Code, 2016. The document outlines the procedures for enforcement of security, sale of secured assets, appeals and penalties under the SARFAESI Act.
Taxmann's LLP Manual is a compendium Amended, Updated & Annotated text of the Limited Liability Partnership Act, 2008 (as amended by the Limited Liability Partnership (Amendment) Act, 2021) along with Rules, Circulars, and Notifications.
This book is divided into four divisions:
• Limited Liability Partnership Act, 2008
• Limited Liability Rules
• Circulars & Notifications
• Foreign Direct Investment in Limited Liability Partnership
The Present Publication is the 8th Edition & amended up to 13th August 2021, authored by Taxmann's Editorial Board, with the following noteworthy features:
• [List of Amendments, at a glance] made by the Limited Liability Partnership (Amendment) Act, 2021
• [Short Commentary] on the following:
◦ Limited Liability Partnership (Amendment) Act, 2021
◦ Limited Liability Partnership Act, 2008
• [Integrated LLP Rules, Circulars & Notifications, FDI Policy, FEMA Regulations]
◦ Limited Liability Partnership Rules, 2009 as amended up to date
◦ Limited Liability Partnership (Winding up and Dissolution) Rules, 2012
◦ Text of LLP Circulars & Notifications
◦ FDI Policy related to LLPs
◦ FEMA Regulations & Schedules related to LLPs
• [Taxmann's series of Bestseller Books] on LLP Laws
• [Follows the six-sigma approach] to achieve the benchmark of 'zero error'
GST Investigations Demands Appeals & Prosecution aims to cover the past & emerging jurisprudence on the subject matter along with a lucid commentary on the statutory provisions under the GST Law relating to the following:
• GST Inspection
• GST Search
• GST Seizure
• GST Detention
• GST Audit
• GST Confiscation
• GST Penalty
• GST Show Cause Notice
• GST Adjudication
• GST Appeals
• GST Revision
• GST Prosecution
• GST Compounding
The objective of this book is to sensitize both taxpayers and tax officers of their rights and obligations when:
• Investigations are undertaken;
• Records and documents are seized;
• Officials from companies are summoned, and
• Statements are recorded.
This book will be helpful for taxpayers, departmental officers, members of the bar & bench, professionals and the judiciary to appreciate the intricate points and issues arising out of implementation of the relevant provisions conferring wide powers on the officers.
The Present Publication is the Latest Edition, authored by Dr. Gokul Kishore & R. Subhashree & amended up to July 2021, with the following noteworthy features:
• [Commentary/Practical Guide] This book is intended to serve as a commentary and also a practical guide to all stakeholders on the provisions and issues emerging from various orders passed by High Courts on search, summons, arrest, bail, provisional attachment, demands, penalty and confiscation
• [Analysis of the Statutory Provisions featuring Landmark Cases & Recent Orders] GST is in force for only four years. Still, instances of the use of powers of search and seizure have been increasingly visible. This book analyses the provisions along with both the landmark cases on this subject as well as the recent orders under GST law.
• [Analysis includes the Previous & Current Regime of Indirect-taxes] While arrest and prosecution powers have been in the statute book under the pre-GST tax laws, the frequency of invocation of such powers in the GST regime is high. Various orders on bail, conditions for bail and validity of arrest passed by High Courts have been discussed to comprehend the scope, limitations and interpretation of the provisions
• [Threadbare Analysis with Established Jurisprudence & Principles Evolved over the Years] Proceedings for recovery of tax commences with demand notice or show cause notice followed by adjudication order, and the dispute is carried in an appeal if either party is aggrieved. The provisions under GST law on demands, adjudication, appeals, revision and recovery action have been subjected to threadbare analysis with the help of established jurisprudence and principles evolved over the years
Taxmann's GST Law & Practice is a unique/concise book on the GST Laws (i.e., Statutory Portion & Case Laws). Coverage of the book is as follows:
• Central Goods and Services Tax Act 2017 (CGST)
• Integrated Goods and Services Tax Act 2017 (SGST)
• Goods and Services Tax (Compensation to States) Act 2017
• Classification of Goods & Services
What sets it apart is the 'unique way of presenting' the compendium of 'updated, amended & annotated' text of the CGST & SGST Acts along with relevant Rules, Notifications, Forms, Circulars, Clarifications, and Case Laws. In other words, read the Section & get the following:
• Text of the relevant Rules & Notifications
• The gist of the relevant Circulars
• Date of enforcement of provisions
• Allied Laws referred to in the provision
• Gist of relevant Case Laws with an easy-to-understand summary
This book also includes Case Laws on the classification of goods & services under the GST regime in a separate division.
The Present Publication is the 2nd Edition, amended up to July 2021, authored by CA (Dr.) Arpit Haldia & CA Mohd. Salim, with the following noteworthy features:
• [Taxmann's series of Bestseller Books] on GST Laws
• [Follows the six-sigma approach] to achieve the benchmark of 'zero error.'
The detailed contents of the book are as follows:
• Central Goods & Services Tax Act 2017
◦ Arrangement of Sections
◦ Arrangement of Rules
◦ Text of the Central Goods & Services Tax Act, 2017
◦ Removal of Difficulties Order
◦ Text of Provisions of Allied Acts referred to in Central Goods & Services Tax Act, 2017
◦ Subject Index
• Integrated Goods & Services Tax Act 2017
◦ Arrangement of Sections
◦ Arrangement of Rules
◦ Text of the Integrated Goods & Services Tax Act, 2017
Subject Index
• Goods and Services Tax (Compensation to States) Act 2017
◦ Arrangement of Sections
◦ Text of the Goods and Services Tax (Compensation to States) Act, 2017
◦ Subject Index
• Classification of Goods & Services
◦ Classification of Goods
◦ Classifications of Services
This standard provides guidance on accounting for property, plant and equipment (PPE), which typically constitute a significant portion of total assets. It discusses capitalization of expenditures on PPE, depreciation, retirement and disposal of PPE. These have a material impact on balance sheet and profit and loss statement. The standard scopes in tangible items held for use in production/supply of goods/services, rental to others or for administrative purposes, which are expected to be used for more than one period.
GST Exports-Imports & Deemed Exports is a harmonious blend of the following laws:
• GST
• Customs
• Foreign Trade Policy
• Allied Laws
This book aims to consolidate & explain different provisions of the law and subsequent procedural changes such as Notifications, Circulars, Instructions and Trade Notices issued by CBIC and DGFT, along with relevant Advance Rulings with regards to Imports, Exports, Deemed Exports under different laws.
This book is intended to help the trade and industry dealing with exports, imports and deemed exports for compliance with the legal requirements and avail the benefits under various provisions of the Foreign Trade Policy, Customs and GST laws with better understanding and appreciation of the intricacies.
The Present Publication is the 2nd Edition, authored by Kaza Subrahmanyam & T.N.C. Rajagopalan, with the following coverage:
• [Conceptual Understanding of provisions of Imports and Exports] of Goods & Services
• [Meaning of Zero Rated Supply along with Refunds] for Physical Exports and Deemed Exports under GST
• [Treatment of supplies by and to EOU/SEZ unit or SEZ Developer/FTWZ] along with Special Exemptions/Concessions and procedural requirements
• [Foreign Trade Policy] under GST
Guide to Customs Valuation is a complete and comprehensive commentary on laws relating to valuation under Customs laws. It is a brief, concise and handy reference book, which provides the updated and simplified analysis of provisions to determine valuation under the Customs laws.
This book will be helpful for Customs Consultants, Advocates, Corporate Managers & Departmental Officers.
This book is divided into two parts:
• Valuation of Imported Goods
• Valuation of Export Goods
The Present Publication is the Latest Edition, authored by H.K. Maingi, amended up to July 2021, with the following noteworthy features:
• [Conceptual Understanding of Valuation] Conceptual understanding of provisions of Valuation under Section 14 of Customs Act and Customs Valuation (Determination of Value of Export Goods) Rules, 2007
• [Valuation] Valuation of Imported Goods & Exported Goods, Valuation in case of High Sea Sales & related persons, Valuation of capital goods on debonding, etc.
• [Various Additions in Transaction Value] Various additions in Transaction Value such as Brokerage, Service Charge, Transportation, etc.
• [Other Concepts] Concepts of related persons, under-invoicing and over-invoicing, Special Valuation Branch, etc.
This edition covers everything you need to understand about the provisions of Valuation under Customs in a subtle and simplified language.
The detailed coverage of the book is as follows:
• Introduction
• Valuation of Imported Goods
◦ Transaction Value
◦ Transaction Value to be Accepted in the Absence of Condition and Restriction under Rule 3(2)
◦ Contract Prices and Transaction Value
◦ High Sea Sales and Transaction Value
◦ Related Persons
◦ Transaction Value of Identical or Similar Goods and Contemporaneous Imports
◦ Deductive Value
◦ Computed Value
◦ Residual Method
◦ Reliance on Foreign Journals indicating International Prices for Determining Assessable Value
◦ Addition to Transaction Value Royalty, Licence and Technical Know-How Fees
◦ Other Addition to Transaction Value
◦ Declaration by the Importer
◦ Rejection of Declared Value
◦ Investigation by Special Valuation Branch
• Valuation of Export Goods
◦ Export Valuation
◦ Under-Invoicing and Over-Invoicing of Exports
◦ Customs Valuation (Determination of Value of Export Goods) Rules, 2007
◦ Inclusion/Exclusion Duty Element from Cum Duty Price
◦ Valuation of Goods Sold in DTA from EOU and Debonding of Capital Goods from EOU
Taxmann's MCQs and Integrated Case Studies on Corporate & Economic LawsTaxmann
MCQs & Integrated Case Studies on Corporate & Economic Laws are prepared exclusively for the Final Level of Chartered Accountancy Examination requirement. It covers the entire revised, new syllabus as per ICAI.
The Present Publication is the 6th Edition & Updated till 30th April 2021 for CA-Final | New Syllabus, with the following noteworthy features:
• Strictly as per the New Syllabus of ICAI
• [Knowledge Based & Application Based MCQs] as per the pattern applicable for the exams
• Includes the following types of MCQs in a Separate Section in Each Chapter:
◦ RTPs & MTPs
◦ Past Exam Questions
• [Most Updated & Amended] This book is updated & amended as per the following:
◦ Companies (Amendment) Act, 2020
◦ Companies (Appointment and Qualifications of Directors) 5th Amendment Rules, 2020
◦ Schedule V of the Companies Act, 2013
◦ Master Directions – External Commercial Borrowings (Updated as of 12th April 2021)
◦ Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021
◦ Foreign Contribution (Regulation) Amendment Act, 2020
◦ Arbitration and Conciliation (Amendment) Act, 2021
◦ Insolvency and Bankruptcy (Amendment) Ordinance, 2021
Also Available:
• [7th Edition] of Taxmann’s Corporate & Economic Laws (New Syllabus)
• [7th Edition] of Taxmann’s CRACKER cum Exam Guide on Corporate & Economic Laws (New Syllabus)
• Taxmann’s Combo for Textbook + Cracker + MCQs & Integrated Case Studies + Class Notes
Contents of this book are as follows:
• Appointment and Qualifications of Directors
• Meeting of the Board and its Powers
• Appointment and Remuneration of Managerial Personnel
• Inspection, Inquiry and Investigation
• Compromises, Arrangements and Amalgamations
• Prevention of Oppression & Mismanagement
• Winding Up
• Companies Incorporated Outside India
• Miscellaneous Provisions
• Adjudication and Special Courts
• NCLT and NLCAT
• Corporate Secretarial Practice
• Securities Contracts (Regulation) Act, 1956 and SCR Rules, 1957 | Deleted from Syllabus
• Securities and Exchange Board of India Act, 1992 & SEBI (LODR) Regulations, 2015
• Foreign Exchange Management Act, 1999
• Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFESI Act, 2002) | Deleted from Syllabus
• Prevention of Money Laundering Act, 2002
• Foreign Contribution (Regulation) Act, 2010
• Arbitration and Conciliation Act, 1996
• Insolvency and Bankruptcy Code, 2016
• Integrated Case Studies
Taxmann’s CRACKER for Corporate & Economic Laws is prepared exclusively for the Final Level of Chartered Accountancy Examination requirement. It covers the entire revised, new syllabus as per ICAI.
The Present Publication is the 7th Edition & Updated till 30th April 2021 for CA-Final | New Syllabus, authored by Pankaj Garg, with the following noteworthy features:
• Strictly as per the New Syllabus of ICAI
• [600+ Questions and Case Studies] with complete answers
• Coverage of this book includes:
• All Past Exam Questions
▪ CA Final July 2021 (New Syllabus) – Suggested Answers
◦ Questions from RTPs and MTPs of ICAI
• [Chapter-wise] marks distribution for Past Exams
• [Most Updated & Amended] This book is updated & amended as per the following:
◦ Companies (Amendment) Act, 2020
◦ Companies (Appointment and Qualifications of Directors) fifth Amendment Rules, 2020
◦ Schedule V of the Companies Act, 2013
◦ Master Directions – External Commercial Borrowings (Updated as of 12th April 2021)
◦ Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021
◦ Foreign Contribution (Regulation) Amendment Act, 2020
◦ Arbitration and Conciliation (Amendment) Act, 2021
◦ Insolvency and Bankruptcy (Amendment) Ordinance, 2021
Also Available:
• [7th Edition] of Taxmann’s Corporate & Economic Laws (New Syllabus)
• [6th Edition] of Taxmann’s MCQs & Integrated Case Studies on Corporate & Economic Laws (New Syllabus)
• Taxmann’s Combo for Textbook + Cracker + MCQs & Integrated Case Studies
Contents of this book are as follows:
• Appointment and Qualifications of Directors
• Meeting of the Board and its Powers
• Appointment and Remuneration of Managerial Personnel
• Inspection, Inquiry and Investigation
• Compromises, Arrangements and Amalgamations
• Prevention of Oppression & Mismanagement
• Winding Up
• Companies Incorporated Outside India
• Miscellaneous Provisions
• Adjudication and Special Courts
• National Company Law Tribunal and Appellate Tribunal
• Corporate Secretarial Practice – Drafting of Notices, Resolutions, Minutes & Reports
• Securities Contracts (Regulation) Act, 1956 and SCR Rules, 1957 (Deleted from syllabus)
• Securities and Exchange Board of India Act, 1992 & SEBI (LODR) Regulations, 2015
• Foreign Exchange Management Act, 1999
• Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFESI Act, 2002)
• Prevention of Money Laundering Act, 2002
• Foreign Contribution (Regulation) Act, 2010
• Arbitration and Conciliation Act, 1996
• Insolvency and Bankruptcy Code, 2016
This book provides a para-wise commentary on Companies (Auditor’s Report) Order. It is a complete guide on the applicability and the matters that need to be reported by an Auditor on CARO.
This book is divided into three divisions:
• CARO Reporting under CARO, 2020 (Applicable from Financial Year 2021-22)
• CARO Report on Consolidated Financial Statements under CARO, 2020
• CARO Reporting under CARO, 2016 (Applicable for Financial Year 2021-22)
This book will be helpful for Auditors
The Present Publication is the 8th Edition, amended up to 30th June 2021, authored by CA Srinivasan Anand G., with the following noteworthy features:
• [FAQs & Case Studies]
◦ CARO 2016
◦ CARO 2020
• [Amended Schedule II] Related disclosure requirements
• [Clause-wise Ready Reckoner] on CARO 2020
• Review of earlier versions of CARO to do a quick comparison(s)
• [In a Nushell] CARO 2020
• Relevant Provisions of Companies Act, 2013
Taxmann's Indian Accounting Standards (Ind AS)Taxmann
Indian Accounting Standards (Ind AS) contains the updated Indian Accounting Standards issued under the Companies (Indian Accounting Standard) Rules, 2021.
It provides a complete understanding of the definitions, entities liable to apply Ind AS, and exemptions.
The Present Publication is the 2nd Edition, authored by Taxmann’s Editorial Board, updated till 30th June 2021, with the following noteworthy features:
• [Text of Indian Accounting Standard (Ind AS)] notified under Companies (Indian Accounting Standard) Rules, 2021;
• [Guide for Definitions] in Indian Accounting Standards
• [Guide on Applicability] of Indian Accounting Standards
• [Guide on Obligations to Comply with] in Indian Accounting Standards
• [Guide on Exemptions/Relaxations] in Indian Accounting Standards
The contents of the book are as follows:
• Arrangement of Rules
◦ Short Title and Commencement
◦ Definitions
◦ Applicability of Accounting Standards
◦ Obligation to Comply with Indian Accounting Standards (Ind AS)
◦ Exemptions
• General Instructions
• Indian Accounting Standards (Ind AS)
Tax Practice Manual is an exhaustive (2,100+ pages), amended (by the Finance Act, 2021) & practical guide (330+ case studies) for Tax Professionals.
This book will be helpful for the Chartered Accountants, Lawyers/Advocates, Tax Practitioners to assist them in their day-to-day tax works.
This book is divided into two parts:
• Law Relating to Tax Procedures (covering 25+ topics)
• Case Studies (covering 35+ topics)
The Present Publication is the 7th Edition, authored by Gabhawala & Gabhawala, as amended by the Finance Act 2021, with the following noteworthy features:
• Law Relating to Tax Procedures
◦ [Lucid Explanation, in a Practical Manner, with Checklists & necessary Tips] for the law relating to Tax Procedure
◦ [Exhaustive Coverage of Case Laws]
◦ [Fine Prints & Unwritten Lines] are explained in a lucid manner
• Tax Practice
◦ [Elaborated & Threadbare Analysis] of every aspect of Tax Practice
• Case Studies
◦ [330+ Case Studies] to deal with real-life animated situations/problems faced by tax practitioners
• Draft Replies
◦ For the Notices sent by the Department
◦ Petitions to the Department
• Drafting & Conveyancing
◦ [Complete Guide to Drafting of Deeds & Documents] covering
◦ Affidavits
◦ Wills
◦ Special Business Arrangements
◦ Family Arrangements
◦ Power of Attorney
◦ Lease, Rent & Leave and Licenses
◦ Indemnity and Guarantee
◦ Charitable Trust Deeds, etc.
The contents of this book are as follows:
• Law Relating to Tax Procedures
◦ Tax Practice
◦ Pre-assessment Procedures
◦ Assessment
◦ Appeals
◦ Interest, Fees, Penalty and Prosecution
◦ Refunds
◦ Settlement Commission – ITSC, Interim Board for Settlement
◦ Summons, Survey, Search
◦ TDS and TCS
◦ Recovery of Tax
◦ Special Procedures
◦ Approvals
◦ STT, DDT, Tax on Liquidation, Reduction and Buy Back, MAT, AMT and WT
RTI, Ombudsman
◦ Drafting of Deeds
◦ Agreement, MoU
◦ Gifts, Wills, Family Arrangements
◦ Power of Attorney, etc.
◦ Lease, Rent, License, etc.
◦ Sale/Transfer of Properties
◦ Tax Audit
◦ Income Computation & Disclosure Standards
◦ Real Estate (Regulation and Development) Act, 2016 (RERA)
◦ E-Proceedings under the Income Tax Act, 1961
◦ Prohibition of Benami Property Transactions Act, 1988
• Case Studies
◦ Tax Practice
◦ Pre-Assessment Procedures
◦ Assessment – Principles and Issues
◦ Rectification of Mistake
◦ Revision
◦ Appeals to CIT (Appeals)
◦ Appeals to – ITAT – High Court – Supreme Court
◦ Interest Payable by Assessee
◦ Penalties
◦ Prosecution
◦ Refunds
◦ Settlement of Cases
◦ Survey
◦ Search & Seizure
◦ Tax Deduction at Source
◦ Recovery of Tax
◦ Trust, Mutuality, Charity
◦ Firm
◦ LLP – Limited Liability Partnership
◦ Right to Information – RTI
◦ Agreement, MoU
◦ AOP – Association of Persons
◦ HUF – Hindu Undivided Family
◦ Gifts
◦ Wills
◦ Family Arrangements
◦ Power of Attorney
◦ Indemnity and Guarantee
◦ Lease, Rent, Leave and License
◦ Sale/Transfer of Properties
◦ Tax Audit
Taxmann's CLASS NOTES | Direct Tax Laws and International TaxationTaxmann
Taxmann’s CLASS NOTES for Direct Tax Laws & International Taxation is a one-stop solution to conquer the vast subject of Direct Taxation with ease. The objective behind this book is to minimize the need to consult multiple voluminous books while revising the day before the exam.
This book aims at providing all concepts in a simple language, with proper linking and a smart sequential approach. It also explains the provision of the law without resorting to paraphrasing of sections or legal jargons.
The Present Publication is the 2nd Edition (For New Syllabus) & Updated till 30th April 2021, authored by CA V. Rahul Agarwal, with the following noteworthy features:
• Strictly as per the New Syllabus of ICAI
• [Pictorial Presentation/Charts with Handwritten Fonts] are used in the book for easy understanding of theoretical concepts
• [Multi-Colour Coded Book] which follows the below structure:
◦ Blue – Heading
◦ Black – Main Content
◦ Red – Summarised version of the main content
◦ Green – Amendments applicable for the examination
◦ Yellow Highlights – Key adjustments to be highly cautious of; ‘The Accident-Prone Zones’
◦ Blue Boxes – Significant selected Case Laws provided by ICAI
◦ Green Boxes – Authors personal notes for better understanding and clarity
• [Amendments for November 2021 Examination] are provided at the end of the module
Also Available:
• [65th Edition] of Taxmann’s Direct Taxes Law & Practice with special reference to Tax Planning
• [2nd Edition] of Taxmann’s Direct Tax Laws & International Taxation (2 Vols.)
• [2nd Edition] of Taxmann’s CRACKER cum Compiler – Direct Tax Laws & International Taxation
Taxmann's Problems & Solutions for Direct Tax Laws & International TaxationTaxmann
Taxmann's PROBLEMS & SOLUTIONS for Direct Tax Laws & International Taxation is a compilation of questions & MCQs (prepared using handwritten fonts) from the educational materials, RTPs, MTPs and past examination papers of both old & new syllabus of ICAI (up to 30th April 2021). These are aligned with provisions applicable for Nov. 2021 Exams and are arranged Topic-wise & Chapter-wise with proper reference to the paper as well as attempt for convenience and trend analysis.
The Present Publication is the 2nd Edition (For New Syllabus) & Updated till 30th April 2021, authored by CA V. Rahul Agarwal, with the following noteworthy features:
• [Coverage of All Questions & MCQs] in handwritten fonts
◦ For Old/New Syllabus; issued up to 30th April 2021, from the following:
▹ Educational Material of ICAI
▹ RTPs & MTPs of ICAI
▹ Past Examination Papers of ICAI
◦ The above Questions & MCQs are aligned with applicable provisions for November 2021 examination
◦ Arranged 'Topic-wise' & 'Chapter-wise' with proper reference to paper as well as attempt for convenience and trend analysis
• [Ready Reckoner for the day before the exam] Special adjustments tested by ICAI have been summarised at the start of the book
Also Available:
• [65th Edition] of Taxmann's Direct Taxes Law & Practice with special reference to Tax Planning
• [2nd Edition] of Taxmann's Direct Tax Laws & International Taxation (2 Vols.)
• [2nd Edition] of Taxmann's CRACKER cum Compiler – Direct Tax Laws & International Taxation
The contents of the book are as follows:
• Summary of Special Adjustments
• Part A – Direct Taxation
◦ Basics of Income Tax
◦ Special Tax Regime
◦ Taxation of Agriculture Income
◦ Income from Salary
◦ Income from House Property
◦ Profits and Gains of Business or Profession
◦ Capital Gains
◦ Taxation of Business Re-Organisations
◦ Taxation of Distribution to Owners
◦ Income from Other Sources
◦ Taxation of Dividends & Income from Units
◦ Comprehensive Questions
◦ Assessment of Firms & LLP
◦ Assessment of AOP & BOI
◦ Assessment of Non-Profit Organization (NPO) & Exit Tax
◦ Assessment of Business Trust
◦ Assessment of Other Persons
◦ Taxation of Unexplained Income
◦ Clubbing of Income
◦ Set-Off and Carry Forward of Losses
◦ Exemptions & Sec. 10AA Deductions
◦ Chapter VI-A Deduction
◦ Minimum Alternate Tax [Section 115JB] & Alternate Minimum Tax [Section 115JC]
◦ TDS & TCS
◦ Payment of Taxes & Return Filing
◦ Assessment Procedure
◦ Appeals & Revisions
◦ Settlement Commission
◦ Tax Planning, Avoidance & Evasion
◦ Penalties, Offence & Prosecution
◦ Liability in Special Cases
◦ Statement of Financial Transactions (SFT) & Miscellaneous Provisions
• Part B – International Taxation
◦ Transfer Pricing & Related Provisions
◦ Residential Status & Scope of Total Income
◦ Non-Resident Taxation
• Part C – Suggested Answers (Amended as Applicable for A.Y. 2021-22)
Taxmann's 20 REVISED DUE DATES under Income-tax ActTaxmann
In view of the COVID-19 pandemic, the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TLA Act, 2020) has extended various due dates of compliances. The due dates so extended by the TLA Act, 2020 have been extended again on multiple occasions by the CBDT. The CBDT has again extended the due dates for certain compliances and has also announced to provide tax exemption for the expenditure incurred by the taxpayers on COVID-19 treatment. Further, the ex-gratia or any compensation received by the family members of any person who succumbed to COVID-19 will be exempt from tax. The impact of new notifications and circulars on various time barring dates and certain compliance of the Income-tax Act are discussed in the below paragraph.
Taxmann's MCQs and Integrated Case Studies on Advanced Auditing and Professio...Taxmann
1. ABC Ltd is a leading pharmaceutical company acquired by XYZ Ltd 5 years ago. XYZ Ltd holds 75% shares of ABC Ltd.
2. The governments of Punjab, Haryana and Rajasthan collectively hold 51.5% shares of XYZ Ltd.
3. The auditor of ABC Ltd, Mr. Shyam, resigned on 29th Oct 2020 due to medical reasons but failed to inform the authorities.
4. RMT & Co was appointed to fill the casual vacancy created by Mr. Shyam's resignation as statutory auditor of ABC Ltd.
Taxmann's CRACKER | Advanced Auditing & Professional EthicsTaxmann
Taxmann’s CRACKER for Advanced Auditing & Professional Ethics is prepared exclusively for the requirement of the Final Level of Chartered Accountancy Examination. It covers the entire revised, new syllabus as per ICAI.
The Present Publication is the 8th Edition & Updated till 30th April 2021 for CA-Final | New Syllabus, with the following noteworthy features:
• Strictly as per the New Syllabus of ICAI
• [1,000+ Questions and Case Studies] with complete answers
• [ICAI Examiner Comments] along with Past Exam Questions are included
• Coverage of this book includes:
◦ All Past Exam Questions
▪ CA Final November 2020 (New Syllabus) – Suggested Answers
▪ CA Final January 2021 (New Syllabus) – Suggested Answers
◦ Questions from RTPs and MTPs of ICAI
• [Point wise] answers for easy learning
• [Chapter-wise] marks distribution for Past Exams
• [Most Updated & Amended] This book is updated & amended as per the following:
◦ Companies (Audit and Auditor’s) Amendment Rules, 2021
◦ Companies (Amendment) Act 2020
◦ Companies (Auditor’s Report) Order 2020
◦ SEBI (LODR) Regulation 2015
◦ Form 3CD and Form GSTR 9C (Revised)
◦ Finance Act 2021
◦ Revised Code of Ethics
◦ Revised Statement of Peer Review 2020
Also Available:
• [8th Edition] of Taxmann’s Textbook for Advanced Auditing & Professional Ethics (New Syllabus)
• [6th Edition] of Taxmann’s MCQs & Integrate Case Studies on Advanced Auditing & Professional Ethics (Old/New Syllabus)
• [1st Edition] Taxmann’s Quick Revision Charts for Advanced Auditing & Professional Ethics
• Taxmann’s Combo for Textbook + Cracker + MCQs & Integrated Case Studies
The contents of the book are as follows:
• Quality Control and Engagement Standards
• Audit Planning, Strategy and Execution
• Risk Assessment and Internal Control
• Audit in an Automated Environment
• Professional Ethics
• Company Audit
• Audit Reports
• CARO 2020
• Audit of Consolidated Financial Statements
• Audit of Dividend
• Audit Committee and Corporate Governance
• Liabilities of Auditors
• Internal Audit
• Management and Operational Audit
• Audit under Fiscal Laws
• Due Diligence, Investigation & Forensic Audit
• Peer Review & Quality Review
• Audit of Banks
• Audit of Non-Banking Finance Companies
• Audit of Insurance Companies
• Audit of Public Sector Undertakings
• Questions on Ind-AS
• Questions on Schedule III
Taxmann's Webinar on Concept of Fixed Establishment under Indian GST – Decodi...Taxmann
The concept of ‘Fixed Establishment’ (FE) is essential for determining various requirements under the GST law including the registration requirement. The definition of FE given under the GST law is neither conclusive nor it has been explored before the Courts in India. The said definition is similar to that given under the EU VAT.
Taxmann organized the first of its kind webinar where our Research & Advisory team discussed the concept of fixed establishment under the Indian GST alongside a renowned speaker from Spain Mr. Gallardo who discussed about the definition from EU VAT perspective. Let's hear and understand the concept of fixed establishment along with settled principles of EU VAT.
Taxmann's Taxation of Expatriate Employees & Regulatory AspectsTaxmann
This book provides a comprehensive commentary to understand & comply with the taxation and regulatory aspect of the cross-border movement of employees, that results in secondment. As with any cross-border arrangement, multiple complex laws are involved, this book serves as a primer to understand these complexities and related compliances.
The discussion in this book starts with determining who is the employer of the expatriate, which is important to identify the correct laws to be complied with. This book aims at providing the reader, an insight into implications that typically arise in secondment arrangement(s), under various Indian laws in the hands of the expatriate & company, such as:
• Expatriate
◦ Immigration Laws
◦ Personal Income Tax
◦ Custom Baggage Rules
• Company
◦ Social Security Laws
◦ Exchange Control Laws
◦ Corporate Income Tax
◦ Transfer Pricing
◦ Goods & Services Tax
◦ Corporate Law
The Present Publication is the 2nd Edition, authored by Ashish Karundia, with the following noteworthy features:
• [Explains Situs of Accrual of Salary], i.e. place of enforcement of employment contract or place of the rendering of services
• [Social Security Deduction] Discusses taxability as well as deductibility of contribution to overseas social security contribution in the hands of the employee
• [Disputed Salary Ingredients] Captures detailed analysis of disputed salary ingredients such as:
◦ Per-Diem/Per-Day Allowance
◦ Tax Equalization
◦ Hypothetical Tax
◦ Employee Stock Option Plan(s)
• [Short Stay Exemption] Explains the conditions for short stay exemption and related issues
• [Employment Visa vs. Business Visa] Points out the difference between employment visa and business visa
• Explains various clauses such as detachment, exportability and totalization of social security agreements
• [Meaning of Resident] Lucidly explains the difference between ‘resident’ as per income-tax and ‘resident’ as per FEMA
• [Deemed International Transactions] Explains whether secondment agreement will qualify as deemed international transaction or not
• [Case Laws] for deciding the employer employee relationship.
• Explains situations when fixed establishment (GST) of the foreign entity is triggered
Taxmann's Customs Law & Foreign Trade PolicyTaxmann
Taxmann’s Customs Law & Foreign Trade Policy covers a comprehensive analysis of the Customs Laws as amended by the Finance Act 2021, the Foreign Trade Policy 2015-20 and Rules & Regulations prescribed under the Customs Act, 1962.
The Present Publication is the 23rd Edition, amended by the Finance Act, 2021, authored by V.S. Datey.
This book has been divided into three parts:
• Law and Practice Relating to Customs
• Customs Act
• Rules and Regulations
The features of this book includes the following:
• Detailed analysis of provisions of the Customs Laws and Foreign trade Policy 2015-20 along-with relevant Judicial Pronouncements, Circulars and Notifications
• Covers the legal text of the Customs Act, 1962 and its Rules & Regulations as amended by Finance Act, 2021
• Analysis of GST provisions at appropriate places
• Detailed coverage of various export promotion schemes (EPCG, Advance Authorisation, EOU, etc.)
• Follows the Six-Sigma Approach, to Achieve the Benchmark of ‘Zero Error’
Taxmann's Guide to SARFAESI Act 2002 & Recovery of Debts and Bankruptcy Act 1993Taxmann
This document provides an overview of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). It discusses the background and objectives of the Act, key features such as enforcement of security, securitization, and asset reconstruction. It also examines related topics such as the constitutional validity of the Act, applicability to different entities, and interactions with other laws like the Recovery of Debts and Bankruptcy Act, 1993 and Insolvency and Bankruptcy Code, 2016. The document outlines the procedures for enforcement of security, sale of secured assets, appeals and penalties under the SARFAESI Act.
Taxmann's LLP Manual is a compendium Amended, Updated & Annotated text of the Limited Liability Partnership Act, 2008 (as amended by the Limited Liability Partnership (Amendment) Act, 2021) along with Rules, Circulars, and Notifications.
This book is divided into four divisions:
• Limited Liability Partnership Act, 2008
• Limited Liability Rules
• Circulars & Notifications
• Foreign Direct Investment in Limited Liability Partnership
The Present Publication is the 8th Edition & amended up to 13th August 2021, authored by Taxmann's Editorial Board, with the following noteworthy features:
• [List of Amendments, at a glance] made by the Limited Liability Partnership (Amendment) Act, 2021
• [Short Commentary] on the following:
◦ Limited Liability Partnership (Amendment) Act, 2021
◦ Limited Liability Partnership Act, 2008
• [Integrated LLP Rules, Circulars & Notifications, FDI Policy, FEMA Regulations]
◦ Limited Liability Partnership Rules, 2009 as amended up to date
◦ Limited Liability Partnership (Winding up and Dissolution) Rules, 2012
◦ Text of LLP Circulars & Notifications
◦ FDI Policy related to LLPs
◦ FEMA Regulations & Schedules related to LLPs
• [Taxmann's series of Bestseller Books] on LLP Laws
• [Follows the six-sigma approach] to achieve the benchmark of 'zero error'
GST Investigations Demands Appeals & Prosecution aims to cover the past & emerging jurisprudence on the subject matter along with a lucid commentary on the statutory provisions under the GST Law relating to the following:
• GST Inspection
• GST Search
• GST Seizure
• GST Detention
• GST Audit
• GST Confiscation
• GST Penalty
• GST Show Cause Notice
• GST Adjudication
• GST Appeals
• GST Revision
• GST Prosecution
• GST Compounding
The objective of this book is to sensitize both taxpayers and tax officers of their rights and obligations when:
• Investigations are undertaken;
• Records and documents are seized;
• Officials from companies are summoned, and
• Statements are recorded.
This book will be helpful for taxpayers, departmental officers, members of the bar & bench, professionals and the judiciary to appreciate the intricate points and issues arising out of implementation of the relevant provisions conferring wide powers on the officers.
The Present Publication is the Latest Edition, authored by Dr. Gokul Kishore & R. Subhashree & amended up to July 2021, with the following noteworthy features:
• [Commentary/Practical Guide] This book is intended to serve as a commentary and also a practical guide to all stakeholders on the provisions and issues emerging from various orders passed by High Courts on search, summons, arrest, bail, provisional attachment, demands, penalty and confiscation
• [Analysis of the Statutory Provisions featuring Landmark Cases & Recent Orders] GST is in force for only four years. Still, instances of the use of powers of search and seizure have been increasingly visible. This book analyses the provisions along with both the landmark cases on this subject as well as the recent orders under GST law.
• [Analysis includes the Previous & Current Regime of Indirect-taxes] While arrest and prosecution powers have been in the statute book under the pre-GST tax laws, the frequency of invocation of such powers in the GST regime is high. Various orders on bail, conditions for bail and validity of arrest passed by High Courts have been discussed to comprehend the scope, limitations and interpretation of the provisions
• [Threadbare Analysis with Established Jurisprudence & Principles Evolved over the Years] Proceedings for recovery of tax commences with demand notice or show cause notice followed by adjudication order, and the dispute is carried in an appeal if either party is aggrieved. The provisions under GST law on demands, adjudication, appeals, revision and recovery action have been subjected to threadbare analysis with the help of established jurisprudence and principles evolved over the years
Taxmann's GST Law & Practice is a unique/concise book on the GST Laws (i.e., Statutory Portion & Case Laws). Coverage of the book is as follows:
• Central Goods and Services Tax Act 2017 (CGST)
• Integrated Goods and Services Tax Act 2017 (SGST)
• Goods and Services Tax (Compensation to States) Act 2017
• Classification of Goods & Services
What sets it apart is the 'unique way of presenting' the compendium of 'updated, amended & annotated' text of the CGST & SGST Acts along with relevant Rules, Notifications, Forms, Circulars, Clarifications, and Case Laws. In other words, read the Section & get the following:
• Text of the relevant Rules & Notifications
• The gist of the relevant Circulars
• Date of enforcement of provisions
• Allied Laws referred to in the provision
• Gist of relevant Case Laws with an easy-to-understand summary
This book also includes Case Laws on the classification of goods & services under the GST regime in a separate division.
The Present Publication is the 2nd Edition, amended up to July 2021, authored by CA (Dr.) Arpit Haldia & CA Mohd. Salim, with the following noteworthy features:
• [Taxmann's series of Bestseller Books] on GST Laws
• [Follows the six-sigma approach] to achieve the benchmark of 'zero error.'
The detailed contents of the book are as follows:
• Central Goods & Services Tax Act 2017
◦ Arrangement of Sections
◦ Arrangement of Rules
◦ Text of the Central Goods & Services Tax Act, 2017
◦ Removal of Difficulties Order
◦ Text of Provisions of Allied Acts referred to in Central Goods & Services Tax Act, 2017
◦ Subject Index
• Integrated Goods & Services Tax Act 2017
◦ Arrangement of Sections
◦ Arrangement of Rules
◦ Text of the Integrated Goods & Services Tax Act, 2017
Subject Index
• Goods and Services Tax (Compensation to States) Act 2017
◦ Arrangement of Sections
◦ Text of the Goods and Services Tax (Compensation to States) Act, 2017
◦ Subject Index
• Classification of Goods & Services
◦ Classification of Goods
◦ Classifications of Services
This standard provides guidance on accounting for property, plant and equipment (PPE), which typically constitute a significant portion of total assets. It discusses capitalization of expenditures on PPE, depreciation, retirement and disposal of PPE. These have a material impact on balance sheet and profit and loss statement. The standard scopes in tangible items held for use in production/supply of goods/services, rental to others or for administrative purposes, which are expected to be used for more than one period.
GST Exports-Imports & Deemed Exports is a harmonious blend of the following laws:
• GST
• Customs
• Foreign Trade Policy
• Allied Laws
This book aims to consolidate & explain different provisions of the law and subsequent procedural changes such as Notifications, Circulars, Instructions and Trade Notices issued by CBIC and DGFT, along with relevant Advance Rulings with regards to Imports, Exports, Deemed Exports under different laws.
This book is intended to help the trade and industry dealing with exports, imports and deemed exports for compliance with the legal requirements and avail the benefits under various provisions of the Foreign Trade Policy, Customs and GST laws with better understanding and appreciation of the intricacies.
The Present Publication is the 2nd Edition, authored by Kaza Subrahmanyam & T.N.C. Rajagopalan, with the following coverage:
• [Conceptual Understanding of provisions of Imports and Exports] of Goods & Services
• [Meaning of Zero Rated Supply along with Refunds] for Physical Exports and Deemed Exports under GST
• [Treatment of supplies by and to EOU/SEZ unit or SEZ Developer/FTWZ] along with Special Exemptions/Concessions and procedural requirements
• [Foreign Trade Policy] under GST
Guide to Customs Valuation is a complete and comprehensive commentary on laws relating to valuation under Customs laws. It is a brief, concise and handy reference book, which provides the updated and simplified analysis of provisions to determine valuation under the Customs laws.
This book will be helpful for Customs Consultants, Advocates, Corporate Managers & Departmental Officers.
This book is divided into two parts:
• Valuation of Imported Goods
• Valuation of Export Goods
The Present Publication is the Latest Edition, authored by H.K. Maingi, amended up to July 2021, with the following noteworthy features:
• [Conceptual Understanding of Valuation] Conceptual understanding of provisions of Valuation under Section 14 of Customs Act and Customs Valuation (Determination of Value of Export Goods) Rules, 2007
• [Valuation] Valuation of Imported Goods & Exported Goods, Valuation in case of High Sea Sales & related persons, Valuation of capital goods on debonding, etc.
• [Various Additions in Transaction Value] Various additions in Transaction Value such as Brokerage, Service Charge, Transportation, etc.
• [Other Concepts] Concepts of related persons, under-invoicing and over-invoicing, Special Valuation Branch, etc.
This edition covers everything you need to understand about the provisions of Valuation under Customs in a subtle and simplified language.
The detailed coverage of the book is as follows:
• Introduction
• Valuation of Imported Goods
◦ Transaction Value
◦ Transaction Value to be Accepted in the Absence of Condition and Restriction under Rule 3(2)
◦ Contract Prices and Transaction Value
◦ High Sea Sales and Transaction Value
◦ Related Persons
◦ Transaction Value of Identical or Similar Goods and Contemporaneous Imports
◦ Deductive Value
◦ Computed Value
◦ Residual Method
◦ Reliance on Foreign Journals indicating International Prices for Determining Assessable Value
◦ Addition to Transaction Value Royalty, Licence and Technical Know-How Fees
◦ Other Addition to Transaction Value
◦ Declaration by the Importer
◦ Rejection of Declared Value
◦ Investigation by Special Valuation Branch
• Valuation of Export Goods
◦ Export Valuation
◦ Under-Invoicing and Over-Invoicing of Exports
◦ Customs Valuation (Determination of Value of Export Goods) Rules, 2007
◦ Inclusion/Exclusion Duty Element from Cum Duty Price
◦ Valuation of Goods Sold in DTA from EOU and Debonding of Capital Goods from EOU
Taxmann's MCQs and Integrated Case Studies on Corporate & Economic LawsTaxmann
MCQs & Integrated Case Studies on Corporate & Economic Laws are prepared exclusively for the Final Level of Chartered Accountancy Examination requirement. It covers the entire revised, new syllabus as per ICAI.
The Present Publication is the 6th Edition & Updated till 30th April 2021 for CA-Final | New Syllabus, with the following noteworthy features:
• Strictly as per the New Syllabus of ICAI
• [Knowledge Based & Application Based MCQs] as per the pattern applicable for the exams
• Includes the following types of MCQs in a Separate Section in Each Chapter:
◦ RTPs & MTPs
◦ Past Exam Questions
• [Most Updated & Amended] This book is updated & amended as per the following:
◦ Companies (Amendment) Act, 2020
◦ Companies (Appointment and Qualifications of Directors) 5th Amendment Rules, 2020
◦ Schedule V of the Companies Act, 2013
◦ Master Directions – External Commercial Borrowings (Updated as of 12th April 2021)
◦ Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021
◦ Foreign Contribution (Regulation) Amendment Act, 2020
◦ Arbitration and Conciliation (Amendment) Act, 2021
◦ Insolvency and Bankruptcy (Amendment) Ordinance, 2021
Also Available:
• [7th Edition] of Taxmann’s Corporate & Economic Laws (New Syllabus)
• [7th Edition] of Taxmann’s CRACKER cum Exam Guide on Corporate & Economic Laws (New Syllabus)
• Taxmann’s Combo for Textbook + Cracker + MCQs & Integrated Case Studies + Class Notes
Contents of this book are as follows:
• Appointment and Qualifications of Directors
• Meeting of the Board and its Powers
• Appointment and Remuneration of Managerial Personnel
• Inspection, Inquiry and Investigation
• Compromises, Arrangements and Amalgamations
• Prevention of Oppression & Mismanagement
• Winding Up
• Companies Incorporated Outside India
• Miscellaneous Provisions
• Adjudication and Special Courts
• NCLT and NLCAT
• Corporate Secretarial Practice
• Securities Contracts (Regulation) Act, 1956 and SCR Rules, 1957 | Deleted from Syllabus
• Securities and Exchange Board of India Act, 1992 & SEBI (LODR) Regulations, 2015
• Foreign Exchange Management Act, 1999
• Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFESI Act, 2002) | Deleted from Syllabus
• Prevention of Money Laundering Act, 2002
• Foreign Contribution (Regulation) Act, 2010
• Arbitration and Conciliation Act, 1996
• Insolvency and Bankruptcy Code, 2016
• Integrated Case Studies
Taxmann’s CRACKER for Corporate & Economic Laws is prepared exclusively for the Final Level of Chartered Accountancy Examination requirement. It covers the entire revised, new syllabus as per ICAI.
The Present Publication is the 7th Edition & Updated till 30th April 2021 for CA-Final | New Syllabus, authored by Pankaj Garg, with the following noteworthy features:
• Strictly as per the New Syllabus of ICAI
• [600+ Questions and Case Studies] with complete answers
• Coverage of this book includes:
• All Past Exam Questions
▪ CA Final July 2021 (New Syllabus) – Suggested Answers
◦ Questions from RTPs and MTPs of ICAI
• [Chapter-wise] marks distribution for Past Exams
• [Most Updated & Amended] This book is updated & amended as per the following:
◦ Companies (Amendment) Act, 2020
◦ Companies (Appointment and Qualifications of Directors) fifth Amendment Rules, 2020
◦ Schedule V of the Companies Act, 2013
◦ Master Directions – External Commercial Borrowings (Updated as of 12th April 2021)
◦ Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021
◦ Foreign Contribution (Regulation) Amendment Act, 2020
◦ Arbitration and Conciliation (Amendment) Act, 2021
◦ Insolvency and Bankruptcy (Amendment) Ordinance, 2021
Also Available:
• [7th Edition] of Taxmann’s Corporate & Economic Laws (New Syllabus)
• [6th Edition] of Taxmann’s MCQs & Integrated Case Studies on Corporate & Economic Laws (New Syllabus)
• Taxmann’s Combo for Textbook + Cracker + MCQs & Integrated Case Studies
Contents of this book are as follows:
• Appointment and Qualifications of Directors
• Meeting of the Board and its Powers
• Appointment and Remuneration of Managerial Personnel
• Inspection, Inquiry and Investigation
• Compromises, Arrangements and Amalgamations
• Prevention of Oppression & Mismanagement
• Winding Up
• Companies Incorporated Outside India
• Miscellaneous Provisions
• Adjudication and Special Courts
• National Company Law Tribunal and Appellate Tribunal
• Corporate Secretarial Practice – Drafting of Notices, Resolutions, Minutes & Reports
• Securities Contracts (Regulation) Act, 1956 and SCR Rules, 1957 (Deleted from syllabus)
• Securities and Exchange Board of India Act, 1992 & SEBI (LODR) Regulations, 2015
• Foreign Exchange Management Act, 1999
• Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFESI Act, 2002)
• Prevention of Money Laundering Act, 2002
• Foreign Contribution (Regulation) Act, 2010
• Arbitration and Conciliation Act, 1996
• Insolvency and Bankruptcy Code, 2016
This book provides a para-wise commentary on Companies (Auditor’s Report) Order. It is a complete guide on the applicability and the matters that need to be reported by an Auditor on CARO.
This book is divided into three divisions:
• CARO Reporting under CARO, 2020 (Applicable from Financial Year 2021-22)
• CARO Report on Consolidated Financial Statements under CARO, 2020
• CARO Reporting under CARO, 2016 (Applicable for Financial Year 2021-22)
This book will be helpful for Auditors
The Present Publication is the 8th Edition, amended up to 30th June 2021, authored by CA Srinivasan Anand G., with the following noteworthy features:
• [FAQs & Case Studies]
◦ CARO 2016
◦ CARO 2020
• [Amended Schedule II] Related disclosure requirements
• [Clause-wise Ready Reckoner] on CARO 2020
• Review of earlier versions of CARO to do a quick comparison(s)
• [In a Nushell] CARO 2020
• Relevant Provisions of Companies Act, 2013
Taxmann's Indian Accounting Standards (Ind AS)Taxmann
Indian Accounting Standards (Ind AS) contains the updated Indian Accounting Standards issued under the Companies (Indian Accounting Standard) Rules, 2021.
It provides a complete understanding of the definitions, entities liable to apply Ind AS, and exemptions.
The Present Publication is the 2nd Edition, authored by Taxmann’s Editorial Board, updated till 30th June 2021, with the following noteworthy features:
• [Text of Indian Accounting Standard (Ind AS)] notified under Companies (Indian Accounting Standard) Rules, 2021;
• [Guide for Definitions] in Indian Accounting Standards
• [Guide on Applicability] of Indian Accounting Standards
• [Guide on Obligations to Comply with] in Indian Accounting Standards
• [Guide on Exemptions/Relaxations] in Indian Accounting Standards
The contents of the book are as follows:
• Arrangement of Rules
◦ Short Title and Commencement
◦ Definitions
◦ Applicability of Accounting Standards
◦ Obligation to Comply with Indian Accounting Standards (Ind AS)
◦ Exemptions
• General Instructions
• Indian Accounting Standards (Ind AS)
Tax Practice Manual is an exhaustive (2,100+ pages), amended (by the Finance Act, 2021) & practical guide (330+ case studies) for Tax Professionals.
This book will be helpful for the Chartered Accountants, Lawyers/Advocates, Tax Practitioners to assist them in their day-to-day tax works.
This book is divided into two parts:
• Law Relating to Tax Procedures (covering 25+ topics)
• Case Studies (covering 35+ topics)
The Present Publication is the 7th Edition, authored by Gabhawala & Gabhawala, as amended by the Finance Act 2021, with the following noteworthy features:
• Law Relating to Tax Procedures
◦ [Lucid Explanation, in a Practical Manner, with Checklists & necessary Tips] for the law relating to Tax Procedure
◦ [Exhaustive Coverage of Case Laws]
◦ [Fine Prints & Unwritten Lines] are explained in a lucid manner
• Tax Practice
◦ [Elaborated & Threadbare Analysis] of every aspect of Tax Practice
• Case Studies
◦ [330+ Case Studies] to deal with real-life animated situations/problems faced by tax practitioners
• Draft Replies
◦ For the Notices sent by the Department
◦ Petitions to the Department
• Drafting & Conveyancing
◦ [Complete Guide to Drafting of Deeds & Documents] covering
◦ Affidavits
◦ Wills
◦ Special Business Arrangements
◦ Family Arrangements
◦ Power of Attorney
◦ Lease, Rent & Leave and Licenses
◦ Indemnity and Guarantee
◦ Charitable Trust Deeds, etc.
The contents of this book are as follows:
• Law Relating to Tax Procedures
◦ Tax Practice
◦ Pre-assessment Procedures
◦ Assessment
◦ Appeals
◦ Interest, Fees, Penalty and Prosecution
◦ Refunds
◦ Settlement Commission – ITSC, Interim Board for Settlement
◦ Summons, Survey, Search
◦ TDS and TCS
◦ Recovery of Tax
◦ Special Procedures
◦ Approvals
◦ STT, DDT, Tax on Liquidation, Reduction and Buy Back, MAT, AMT and WT
RTI, Ombudsman
◦ Drafting of Deeds
◦ Agreement, MoU
◦ Gifts, Wills, Family Arrangements
◦ Power of Attorney, etc.
◦ Lease, Rent, License, etc.
◦ Sale/Transfer of Properties
◦ Tax Audit
◦ Income Computation & Disclosure Standards
◦ Real Estate (Regulation and Development) Act, 2016 (RERA)
◦ E-Proceedings under the Income Tax Act, 1961
◦ Prohibition of Benami Property Transactions Act, 1988
• Case Studies
◦ Tax Practice
◦ Pre-Assessment Procedures
◦ Assessment – Principles and Issues
◦ Rectification of Mistake
◦ Revision
◦ Appeals to CIT (Appeals)
◦ Appeals to – ITAT – High Court – Supreme Court
◦ Interest Payable by Assessee
◦ Penalties
◦ Prosecution
◦ Refunds
◦ Settlement of Cases
◦ Survey
◦ Search & Seizure
◦ Tax Deduction at Source
◦ Recovery of Tax
◦ Trust, Mutuality, Charity
◦ Firm
◦ LLP – Limited Liability Partnership
◦ Right to Information – RTI
◦ Agreement, MoU
◦ AOP – Association of Persons
◦ HUF – Hindu Undivided Family
◦ Gifts
◦ Wills
◦ Family Arrangements
◦ Power of Attorney
◦ Indemnity and Guarantee
◦ Lease, Rent, Leave and License
◦ Sale/Transfer of Properties
◦ Tax Audit
Taxmann's CLASS NOTES | Direct Tax Laws and International TaxationTaxmann
Taxmann’s CLASS NOTES for Direct Tax Laws & International Taxation is a one-stop solution to conquer the vast subject of Direct Taxation with ease. The objective behind this book is to minimize the need to consult multiple voluminous books while revising the day before the exam.
This book aims at providing all concepts in a simple language, with proper linking and a smart sequential approach. It also explains the provision of the law without resorting to paraphrasing of sections or legal jargons.
The Present Publication is the 2nd Edition (For New Syllabus) & Updated till 30th April 2021, authored by CA V. Rahul Agarwal, with the following noteworthy features:
• Strictly as per the New Syllabus of ICAI
• [Pictorial Presentation/Charts with Handwritten Fonts] are used in the book for easy understanding of theoretical concepts
• [Multi-Colour Coded Book] which follows the below structure:
◦ Blue – Heading
◦ Black – Main Content
◦ Red – Summarised version of the main content
◦ Green – Amendments applicable for the examination
◦ Yellow Highlights – Key adjustments to be highly cautious of; ‘The Accident-Prone Zones’
◦ Blue Boxes – Significant selected Case Laws provided by ICAI
◦ Green Boxes – Authors personal notes for better understanding and clarity
• [Amendments for November 2021 Examination] are provided at the end of the module
Also Available:
• [65th Edition] of Taxmann’s Direct Taxes Law & Practice with special reference to Tax Planning
• [2nd Edition] of Taxmann’s Direct Tax Laws & International Taxation (2 Vols.)
• [2nd Edition] of Taxmann’s CRACKER cum Compiler – Direct Tax Laws & International Taxation
Taxmann's Problems & Solutions for Direct Tax Laws & International TaxationTaxmann
Taxmann's PROBLEMS & SOLUTIONS for Direct Tax Laws & International Taxation is a compilation of questions & MCQs (prepared using handwritten fonts) from the educational materials, RTPs, MTPs and past examination papers of both old & new syllabus of ICAI (up to 30th April 2021). These are aligned with provisions applicable for Nov. 2021 Exams and are arranged Topic-wise & Chapter-wise with proper reference to the paper as well as attempt for convenience and trend analysis.
The Present Publication is the 2nd Edition (For New Syllabus) & Updated till 30th April 2021, authored by CA V. Rahul Agarwal, with the following noteworthy features:
• [Coverage of All Questions & MCQs] in handwritten fonts
◦ For Old/New Syllabus; issued up to 30th April 2021, from the following:
▹ Educational Material of ICAI
▹ RTPs & MTPs of ICAI
▹ Past Examination Papers of ICAI
◦ The above Questions & MCQs are aligned with applicable provisions for November 2021 examination
◦ Arranged 'Topic-wise' & 'Chapter-wise' with proper reference to paper as well as attempt for convenience and trend analysis
• [Ready Reckoner for the day before the exam] Special adjustments tested by ICAI have been summarised at the start of the book
Also Available:
• [65th Edition] of Taxmann's Direct Taxes Law & Practice with special reference to Tax Planning
• [2nd Edition] of Taxmann's Direct Tax Laws & International Taxation (2 Vols.)
• [2nd Edition] of Taxmann's CRACKER cum Compiler – Direct Tax Laws & International Taxation
The contents of the book are as follows:
• Summary of Special Adjustments
• Part A – Direct Taxation
◦ Basics of Income Tax
◦ Special Tax Regime
◦ Taxation of Agriculture Income
◦ Income from Salary
◦ Income from House Property
◦ Profits and Gains of Business or Profession
◦ Capital Gains
◦ Taxation of Business Re-Organisations
◦ Taxation of Distribution to Owners
◦ Income from Other Sources
◦ Taxation of Dividends & Income from Units
◦ Comprehensive Questions
◦ Assessment of Firms & LLP
◦ Assessment of AOP & BOI
◦ Assessment of Non-Profit Organization (NPO) & Exit Tax
◦ Assessment of Business Trust
◦ Assessment of Other Persons
◦ Taxation of Unexplained Income
◦ Clubbing of Income
◦ Set-Off and Carry Forward of Losses
◦ Exemptions & Sec. 10AA Deductions
◦ Chapter VI-A Deduction
◦ Minimum Alternate Tax [Section 115JB] & Alternate Minimum Tax [Section 115JC]
◦ TDS & TCS
◦ Payment of Taxes & Return Filing
◦ Assessment Procedure
◦ Appeals & Revisions
◦ Settlement Commission
◦ Tax Planning, Avoidance & Evasion
◦ Penalties, Offence & Prosecution
◦ Liability in Special Cases
◦ Statement of Financial Transactions (SFT) & Miscellaneous Provisions
• Part B – International Taxation
◦ Transfer Pricing & Related Provisions
◦ Residential Status & Scope of Total Income
◦ Non-Resident Taxation
• Part C – Suggested Answers (Amended as Applicable for A.Y. 2021-22)
Taxmann's 20 REVISED DUE DATES under Income-tax ActTaxmann
In view of the COVID-19 pandemic, the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TLA Act, 2020) has extended various due dates of compliances. The due dates so extended by the TLA Act, 2020 have been extended again on multiple occasions by the CBDT. The CBDT has again extended the due dates for certain compliances and has also announced to provide tax exemption for the expenditure incurred by the taxpayers on COVID-19 treatment. Further, the ex-gratia or any compensation received by the family members of any person who succumbed to COVID-19 will be exempt from tax. The impact of new notifications and circulars on various time barring dates and certain compliance of the Income-tax Act are discussed in the below paragraph.
Taxmann's MCQs and Integrated Case Studies on Advanced Auditing and Professio...Taxmann
1. ABC Ltd is a leading pharmaceutical company acquired by XYZ Ltd 5 years ago. XYZ Ltd holds 75% shares of ABC Ltd.
2. The governments of Punjab, Haryana and Rajasthan collectively hold 51.5% shares of XYZ Ltd.
3. The auditor of ABC Ltd, Mr. Shyam, resigned on 29th Oct 2020 due to medical reasons but failed to inform the authorities.
4. RMT & Co was appointed to fill the casual vacancy created by Mr. Shyam's resignation as statutory auditor of ABC Ltd.
Taxmann's CRACKER | Advanced Auditing & Professional EthicsTaxmann
Taxmann’s CRACKER for Advanced Auditing & Professional Ethics is prepared exclusively for the requirement of the Final Level of Chartered Accountancy Examination. It covers the entire revised, new syllabus as per ICAI.
The Present Publication is the 8th Edition & Updated till 30th April 2021 for CA-Final | New Syllabus, with the following noteworthy features:
• Strictly as per the New Syllabus of ICAI
• [1,000+ Questions and Case Studies] with complete answers
• [ICAI Examiner Comments] along with Past Exam Questions are included
• Coverage of this book includes:
◦ All Past Exam Questions
▪ CA Final November 2020 (New Syllabus) – Suggested Answers
▪ CA Final January 2021 (New Syllabus) – Suggested Answers
◦ Questions from RTPs and MTPs of ICAI
• [Point wise] answers for easy learning
• [Chapter-wise] marks distribution for Past Exams
• [Most Updated & Amended] This book is updated & amended as per the following:
◦ Companies (Audit and Auditor’s) Amendment Rules, 2021
◦ Companies (Amendment) Act 2020
◦ Companies (Auditor’s Report) Order 2020
◦ SEBI (LODR) Regulation 2015
◦ Form 3CD and Form GSTR 9C (Revised)
◦ Finance Act 2021
◦ Revised Code of Ethics
◦ Revised Statement of Peer Review 2020
Also Available:
• [8th Edition] of Taxmann’s Textbook for Advanced Auditing & Professional Ethics (New Syllabus)
• [6th Edition] of Taxmann’s MCQs & Integrate Case Studies on Advanced Auditing & Professional Ethics (Old/New Syllabus)
• [1st Edition] Taxmann’s Quick Revision Charts for Advanced Auditing & Professional Ethics
• Taxmann’s Combo for Textbook + Cracker + MCQs & Integrated Case Studies
The contents of the book are as follows:
• Quality Control and Engagement Standards
• Audit Planning, Strategy and Execution
• Risk Assessment and Internal Control
• Audit in an Automated Environment
• Professional Ethics
• Company Audit
• Audit Reports
• CARO 2020
• Audit of Consolidated Financial Statements
• Audit of Dividend
• Audit Committee and Corporate Governance
• Liabilities of Auditors
• Internal Audit
• Management and Operational Audit
• Audit under Fiscal Laws
• Due Diligence, Investigation & Forensic Audit
• Peer Review & Quality Review
• Audit of Banks
• Audit of Non-Banking Finance Companies
• Audit of Insurance Companies
• Audit of Public Sector Undertakings
• Questions on Ind-AS
• Questions on Schedule III
Taxmann's Webinar on Concept of Fixed Establishment under Indian GST – Decodi...Taxmann
The concept of ‘Fixed Establishment’ (FE) is essential for determining various requirements under the GST law including the registration requirement. The definition of FE given under the GST law is neither conclusive nor it has been explored before the Courts in India. The said definition is similar to that given under the EU VAT.
Taxmann organized the first of its kind webinar where our Research & Advisory team discussed the concept of fixed establishment under the Indian GST alongside a renowned speaker from Spain Mr. Gallardo who discussed about the definition from EU VAT perspective. Let's hear and understand the concept of fixed establishment along with settled principles of EU VAT.
Taxmann's Taxation of Expatriate Employees & Regulatory AspectsTaxmann
This book provides a comprehensive commentary to understand & comply with the taxation and regulatory aspect of the cross-border movement of employees, that results in secondment. As with any cross-border arrangement, multiple complex laws are involved, this book serves as a primer to understand these complexities and related compliances.
The discussion in this book starts with determining who is the employer of the expatriate, which is important to identify the correct laws to be complied with. This book aims at providing the reader, an insight into implications that typically arise in secondment arrangement(s), under various Indian laws in the hands of the expatriate & company, such as:
• Expatriate
◦ Immigration Laws
◦ Personal Income Tax
◦ Custom Baggage Rules
• Company
◦ Social Security Laws
◦ Exchange Control Laws
◦ Corporate Income Tax
◦ Transfer Pricing
◦ Goods & Services Tax
◦ Corporate Law
The Present Publication is the 2nd Edition, authored by Ashish Karundia, with the following noteworthy features:
• [Explains Situs of Accrual of Salary], i.e. place of enforcement of employment contract or place of the rendering of services
• [Social Security Deduction] Discusses taxability as well as deductibility of contribution to overseas social security contribution in the hands of the employee
• [Disputed Salary Ingredients] Captures detailed analysis of disputed salary ingredients such as:
◦ Per-Diem/Per-Day Allowance
◦ Tax Equalization
◦ Hypothetical Tax
◦ Employee Stock Option Plan(s)
• [Short Stay Exemption] Explains the conditions for short stay exemption and related issues
• [Employment Visa vs. Business Visa] Points out the difference between employment visa and business visa
• Explains various clauses such as detachment, exportability and totalization of social security agreements
• [Meaning of Resident] Lucidly explains the difference between ‘resident’ as per income-tax and ‘resident’ as per FEMA
• [Deemed International Transactions] Explains whether secondment agreement will qualify as deemed international transaction or not
• [Case Laws] for deciding the employer employee relationship.
• Explains situations when fixed establishment (GST) of the foreign entity is triggered
Taxmann's Customs Law & Foreign Trade PolicyTaxmann
Taxmann’s Customs Law & Foreign Trade Policy covers a comprehensive analysis of the Customs Laws as amended by the Finance Act 2021, the Foreign Trade Policy 2015-20 and Rules & Regulations prescribed under the Customs Act, 1962.
The Present Publication is the 23rd Edition, amended by the Finance Act, 2021, authored by V.S. Datey.
This book has been divided into three parts:
• Law and Practice Relating to Customs
• Customs Act
• Rules and Regulations
The features of this book includes the following:
• Detailed analysis of provisions of the Customs Laws and Foreign trade Policy 2015-20 along-with relevant Judicial Pronouncements, Circulars and Notifications
• Covers the legal text of the Customs Act, 1962 and its Rules & Regulations as amended by Finance Act, 2021
• Analysis of GST provisions at appropriate places
• Detailed coverage of various export promotion schemes (EPCG, Advance Authorisation, EOU, etc.)
• Follows the Six-Sigma Approach, to Achieve the Benchmark of ‘Zero Error’
Reviewing contracts swiftly and efficiently is crucial for any organization. It ensures compliance, reduces risks, and keeps business operations running smoothly.
The presentation deals with the concept of Right to Default Bail laid down under Section 167 of the Code of Criminal Procedure 1973 and Section 187 of Bharatiya Nagarik Suraksha Sanhita 2023.
Capital Punishment by Saif Javed (LLM)ppt.pptxOmGod1
This PowerPoint presentation, titled "Capital Punishment in India: Constitutionality and Rarest of Rare Principle," is a comprehensive exploration of the death penalty within the Indian criminal justice system. Authored by Saif Javed, an LL.M student specializing in Criminal Law and Criminology at Kazi Nazrul University, the presentation delves into the constitutional aspects and ethical debates surrounding capital punishment. It examines key legal provisions, significant case laws, and the specific categories of offenders excluded from the death penalty. The presentation also discusses recent recommendations by the Law Commission of India regarding the gradual abolishment of capital punishment, except for terrorism-related offenses. This detailed analysis aims to foster informed discussions on the future of the death penalty in India.
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Dedication I-5
Acknowledgement I-7
About the Authors I-9
Preface I-11
DIVISION I
INTRODUCTION TO DEBENTURES & STATE
OF CORPORATE BOND MARKET IN INDIA
1
MEANING OF DEBENTURES
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I-15
Contents
7. 76
7
PRIVATE PLACEMENT OF SHORT TERM NCDs
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ISSUE OF DEBENTURES OUTSIDE INDIA
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14
POST LISTING COMPLIANCES UNDER
SEBI REGULATIONS
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$
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0
3
)
311
15
POST LISTING COMPLIANCES UNDER
SEBI CIRCULARS
15.1
-
O
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T
H
L
Y
C
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P
L
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312
15.2
1
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P
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E
313
15.3
(
A
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F
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314
15.4
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N
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314
15.5
%
V
E
N
T
B
A
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P
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317
Annex 15.1 :
O
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F
.
O
$
E
F
A
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T
3
T
A
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321
Annex 15.2 :
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Q
U
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323
Annex 15.3 :
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2
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$
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)
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324
Annex 15.4 :
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,
#
325
Annex.15.5 :
O
R
M
A
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F
!
N
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$
I
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326
Annex 15.6 :
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#
327
#
/
.
4
%
.
4
3
I-22
24. 0
!
'
%
Annex 15.7 :
$
I
S
C
L
O
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329
Annex 15.8 : $
I
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330
Annex 15.9 :
!
D
D
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N
A
L
#
L
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S
I
N
2
A
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!
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R
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331
16
INTERNATIONAL SECURITIES IDENTIFICATION
NUMBER: PROCEDURES, LIMITS, ETC.
16.1
$
E
P
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332
16.2
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333
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336
16.5
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337
16.6
,
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341
16.7
$
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344
16.8
2
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344
Annex 16.1 :
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3
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,
345
Annex 16.2 :
,
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-
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#
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#
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3
,
360
Annex 16.3 :
4
R
I
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26. A
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2
4
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382
Annex 16.5 :
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F
.
E
T
W
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#
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397
Annex 16.6 :
!
N
N
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U
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0
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398
Annex 16.7 :
.
3
$
,
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399
Annex 16.8 :
#
$
3
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#
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401
Annex 16.9 :
.
3
$
,
#
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N
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404
Annex 16.10 :
#
$
3
,
#
O
R
P
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)
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F
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M
A
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M
405
I-23
#
/
.
4
%
.
4
3
27. 0
!
'
%
17
ISSUANCE OF NCDs THROUGH ELECTRONIC
BOOK MECHANISM
17.1
)
S
S
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I
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%
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406
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410
Annex 17.1 :
$
E
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T
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413
DIVISION IV
INTERMEDIARIES ASSOCIATED WITH
ISSUANCE OF DEBENTURES
18
DEBENTURE TRUSTEES
18.1
#
O
N
C
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P
T
A
N
D
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4
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417
18.2
0
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418
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418
18.4
.
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4
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418
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N
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419
18.6
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$
4
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419
18.7
2
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4
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420
18.8
-
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M
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422
18.9
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4
425
18.10
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441
18.11
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443
18.12
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18.13
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444
18.14
#
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29. 0
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18.18
2
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447
18.19 ,
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447
18.20
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448
Annex 18.1 :
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I
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F
A
N
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Y
S
I
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T
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E
#
O
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453
Annex 18.2 :
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.
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3
(
$
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B
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461
Annex 18.3 :
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M
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4
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465
Annex 18.4 :
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4
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W
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468
Annex 18.5 :
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(
A
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9
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472
Annex 18.6 :
O
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M
A
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F
$
U
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N
C
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#
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4
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4
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-
474
Annex 18.7 :
#
O
D
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F
#
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F
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$
4
S
475
DIVISION V
STAMP DUTY ON DEBENTURES
19
STAMP DUTY ON ISSUE TRANSFER
OF DEBENTURES
19.1
0
O
W
E
R
T
O
L
E
V
Y
S
T
A
M
P
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Y
481
19.2
2
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3
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P
!
C
T
482
19.3
3
T
A
M
P
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Y
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N
C
A
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I
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B
E
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T
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P
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M
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N
D
M
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485
19.4
3
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A
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P
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Y
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P
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T
A
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N
D
M
E
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T
486
19.5
3
T
A
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P
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R
E
I
S
S
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N
T
U
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S
487
19.6
3
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A
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Y
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A
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F
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487
19.7
3
T
A
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M
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T
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S
I
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S
I
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G
L
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R
A
N
S
-
A
C
T
I
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N
488
19.8
3
T
A
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Y
O
N
E
X
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C
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F
O
P
T
I
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N
S
488
19.9
3
T
A
M
P
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Y
P
A
Y
A
B
L
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N
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F
F
M
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T
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A
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C
O
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I
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R
A
T
I
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N
489
19.10
0
R
O
C
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A
L
A
S
P
E
C
T
S
489
19.11
0
R
O
C
E
D
U
R
E
F
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R
P
A
Y
M
E
N
T
491
19.12
0
E
N
A
L
T
Y
F
O
R
E
X
E
C
U
T
I
N
G
32. 0
!
'
%
DIVISION VI
INVESTING IN DEBENTURES
20
INVESTING IN DEBENTURES
20.1
)
N
V
E
S
T
M
E
N
T
S
B
Y
M
U
T
U
A
L
F
U
N
D
S
497
20.2
)
N
V
E
S
T
M
E
N
T
S
B
Y
I
N
S
U
R
A
N
C
E
C
O
M
P
A
N
I
E
S
500
20.3
)
N
V
E
S
T
M
E
N
T
S
B
Y
E
M
P
L
O
Y
E
E
B
E
N
E
F
I
T
F
U
N
D
S
510
20.4
)
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V
E
S
T
M
E
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T
S
B
Y
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R
E
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0
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R
T
F
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)
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V
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S
T
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S
0
)
514
20.5
)
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V
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T
M
E
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T
S
B
Y
.
O
N
2
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S
I
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)
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D
I
A
N
.
2
)
520
20.6
)
N
V
E
S
T
M
E
N
T
B
Y
B
A
N
K
S
I
N
.
#
$
S
521
20.7
)
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V
E
S
T
M
E
N
T
B
Y
T
R
U
S
T
S
522
20.8
)
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V
E
S
T
M
E
N
T
B
Y
C
O
M
P
A
N
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E
S
I
N
.
#
$
S
523
20.9
)
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V
E
S
T
M
E
N
T
S
B
Y
.
O
N
A
N
K
I
N
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I
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I
A
L
#
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M
P
A
N
Y
.
#
S
I
N
.
#
$
S
524
20.10
)
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V
E
S
T
M
E
N
T
S
B
Y
(
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U
S
I
N
G
I
N
A
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C
E
#
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M
P
A
N
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S
(
#
S
I
N
.
#
$
S
525
20.11
)
N
V
E
S
T
M
E
N
T
B
Y
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R
E
I
G
N
6
E
N
T
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E
#
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P
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T
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L
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S
T
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R
S
6
#
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I
N
.
#
$
S
526
20.12
)
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V
E
S
T
M
E
N
T
I
N
O
W
N
D
E
B
E
N
T
U
R
E
S
527
21
RIGHTS OF DEBENTURE HOLDERS
21.1
2
I
G
H
T
S
O
F
D
E
B
E
N
T
U
R
E
H
O
L
D
E
R
S
U
N
D
E
R
#
!
34. 0
!
'
%
DIVISION VII
SPECIAL DEBT SECURITIES
23
CAPITAL ADEQUACY BONDS
23.1
E
A
T
U
R
E
S
556
23.2
-
O
T
I
V
A
T
I
O
N
S
557
23.3
4
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P
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C
A
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T
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A
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Y
B
O
N
D
S
558
23.4
!
N
)
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D
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A
N
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S
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C
T
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V
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A
C
Y
B
O
N
D
S
562
23.5
4
H
E
C
A
S
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O
F
!
4
B
O
N
D
S
W
R
I
T
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F
)
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D
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A
565
23.6
)
S
S
U
A
N
C
E
35. L
I
S
T
I
N
G
A
N
D
T
R
A
D
I
N
G
O
F
!
4
B
O
N
D
S
566
Annex 23.1 :
!
D
D
I
T
I
O
N
A
L
D
I
S
C
L
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R
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M
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N
C
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F
!
4
B
O
N
D
S
568
Annex 23.2 :
3
%
)
#
I
R
C
U
L
A
R
S
T
O
B
E
F
O
L
L
O
W
E
D
570
Annex 23.3 :
/
P
E
R
A
T
I
N
G
G
U
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D
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L
I
N
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S
F
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!
4
B
O
N
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T
H
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H
%
-
B
Y
3
%
571
24
GREEN BONDS
24.1
%
L
I
G
I
B
I
L
I
T
Y
R
E
Q
U
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R
E
M
E
N
T
S
573
24.2
)
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S
U
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S
A
N
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I
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V
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S
T
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R
S
574
24.3
4
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S
574
24.4
3
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A
T
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N
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575
24.5
'
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E
E
N
B
O
N
D
S
I
N
)
N
D
I
A
576
25
MARKET LINKED DEBENTURES
25.1
4
H
E
C
O
N
C
E
P
T
O
F
M
A
R
K
E
T
L
I
N
K
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D
D
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E
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R
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S
580
25.2
-
,
$
S
vis-a-vis
U
N
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I
N
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N
D
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581
25.3
)
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25.4
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25.5
0
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585
I-27
#
/
.
4
%
.
4
3
36. 0
!
'
%
26
INFRASTRUCTURE BONDS
26.1
4
H
E
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E
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587
26.2
)
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26.3
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T
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R
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N
D
S
,
4
)
S
589
DIVISION VIII
ACCOUNTING TAXATION ASPECTS
OF DEBENTURES
27
ACCOUNTING OF DEBENTURES
27.1
!
C
C
O
U
N
T
I
N
G
I
N
T
H
E
B
O
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K
S
O
F
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H
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S
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E
R
596
27.2
3
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B
S
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N
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B
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L
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T
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E
S 600
27.3
!
C
C
O
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T
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G
F
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R
I
N
V
E
S
T
M
E
N
T
S
I
N
D
E
B
E
N
T
U
R
E
S
603
28
TAXATION ASPECTS OF DEBENTURES
28.1
4
A
X
I
M
P
L
I
C
A
T
I
O
N
S
F
O
R
T
H
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S
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U
E
R
611
28.2
4
A
X
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T
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A
N
D
S
O
F
T
H
E
D
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B
E
N
T
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R
E
H
O
L
D
E
R
617
28.3
#
O
M
M
O
N
P
R
O
V
I
S
I
O
N
S
W
R
T
T
H
E
I
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E
R
A
N
D
D
E
B
E
N
T
U
R
E
H
O
L
D
E
R
620
DIVISION IX
MISCELLANEOUS
PRIVATE PLACEMENT v. PUBLIC ISSUE OF NCDs 625
TIMELINES FOR ISSUE AND LISTING OF PRIVATELY PLACED NCDs 635
TIMELINES FOR ISSUE LISTING OF PUBLICLY ISSUED NCDs 640
COMPLIANCES UNDER CA, 2013 FOR A DEBT LISTED COMPANY 649
GLOSSARY 653
ABBREVIATIONS 669
SUBJECT INDEX i
#
/
.
4
%
.
4
3
I-28
37. ISSUANCE OF DEBENTURES IN ACCORDANCE
WITH CA, 2013: CONDITIONS COMMON
FOR ALL ISSUANCES
6
C H A P T E R
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6.1 CREATION OF SECURITY INTEREST
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i
n
CHAPTER 21 on ‘Rights of Debenture Holders’
.
57
38. 6.1.1 Nature of assets on which charge is to be created
T
h
e
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1
8
(
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-
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6.1.2 Exception from creation of security interest
I
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C
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1
8
(
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6.1.3 Tenure
T
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0
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1
8
(
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1
8
(
1
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a
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f
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]
:
i.
C
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p
a
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;
ii.
I
n
f
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F
i
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a
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5
p
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c
t
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e
l
o
a
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s
.
[As per the definition provided under Para
2
(
1
)
(
viiia
)
of Non-Banking Financial
(
Non-deposit accepting or hold-
ing
)
Companies Prudential Norms
(
Reserve Bank
)
Directions, 20071
]
1
.
h
t
t
p
s
:
/
/
r
b
i
d
o
c
s
.
r
b
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D
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s
/
5
5
M
D
A
0
1
0
7
1
4
F
.
p
d
f
.
Para 6.1
I
S
S
U
A
N
C
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O
F
D
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B
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T
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S
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A
C
C
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D
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C
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W
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C
A
,
2
0
1
3
58
39. iii.
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f
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.
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a
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a
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r
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e
m
e
n
t
.
[Para 3
(
b
)
of Infrastructure Debt Fund - Non-Banking Financial Companies
(
Reserve Bank
)
Directions, 20112
]
C
o
m
p
a
n
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p
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d
b
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M
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.
6.2 REGISTRATION OF CHARGE3
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7
7
(
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f
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A
,
2
0
1
3
.
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S
e
c
t
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o
n
7
9
(
a
)
o
f
C
A
,
2
0
1
3
]
.
A
n
y
m
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9
(
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Period of delay Due Date in
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Additional Fee ap-
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in case of Small
companies and One
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normalfeesof` 600)
in case of other than
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60
41. Period of delay Due Date in
instant case
Additional Fee ap-
plicable (assuming
normalfeesof` 600)
in case of Small
companies and One
Person Companies
Additional Fee ap-
plicable (assuming
normalfeesof` 600)
in case of other than
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(
2
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Actual fee payable 1,01,800 5,03,600
TABLE 9: ADDITIONAL FEES PAYABLE IN CASE OF DELAY IN REGISTRATION
6.2.3 Filing with ROC
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1
3
]
.
N
o
a
p
p
l
i
c
a
t
i
o
n
u
n
d
e
r
s
e
c
t
i
o
n
8
7
o
f
C
o
m
p
a
n
i
e
s
A
c
t
,
2
0
1
3
c
a
n
b
e
m
a
d
e
t
o
t
h
e
R
e
g
i
o
n
a
l
D
i
r
e
c
t
o
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t
o
c
o
n
d
o
n
e
t
h
e
d
e
l
a
y
f
o
r
o
m
i
s
s
i
o
n
t
o
fi
l
e
t
h
e
f
o
r
m
f
o
r
c
r
e
a
t
i
o
n
/
m
o
d
i
fi
c
a
t
i
o
n
.
6.2.4 Substantive rights of the creditors
R
e
g
i
s
t
r
a
t
i
o
n
o
f
c
h
a
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e
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n
f
a
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a
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-
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o
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d
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i
s
o
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m
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p
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a
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q
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m
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t
s
.
T
h
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a
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o
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p
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-
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,
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e
i
n
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a
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a
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l
a
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e
.
E
v
e
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y
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r
s
o
n
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n
c
l
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d
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g
a
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e
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d
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d
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a
l
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g
w
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a
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o
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p
a
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i
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a
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s
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m
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d
t
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a
v
e
k
n
o
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l
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d
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o
f
t
h
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n
c
u
m
b
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r
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d
a
s
s
e
t
s
.
C
h
a
r
g
e
fi
l
i
n
g
i
s
n
o
t
m
e
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e
l
y
a
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b
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d
a
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e
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p
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d
a
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a
a
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b
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b
a
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d
o
n
c
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a
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fi
l
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s
.
A
c
c
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r
d
i
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l
y
,
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y
o
r
n
o
t
.
61
R
E
G
I
S
T
R
A
T
I
O
N
O
F
C
H
A
R
G
E
Para 6.2
42. 6.2.5 Shift in priority from date of creation to date of filing
T
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(
A
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)
A
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2
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7
7
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C
A
,
2
0
1
3
w
h
i
c
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p
r
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v
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s
:
“
P
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a
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o
n
.
[
English and Scottish Mercantile
Investment Co. Ltd.
(
1892
)
2 QB 700
(
CA
)
]
F
u
r
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r
,
p
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shall not ad-
versely affect the rights of other intervening creditors
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f
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.
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d
.
6.2.6 Scheme for relaxation of time for filing forms related to cre-
ation or modification of charges5
6.2.6.1 About the Scheme -
T
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M
C
A
vide
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a
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”
(
‘
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)
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7
8
.
p
d
f
.
5
.
A detailed article on the same can be accessed at
h
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p
:
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3
_
1
7
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:
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3
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.
p
d
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.
Para 6.2
I
S
S
U
A
N
C
E
O
F
D
E
B
E
N
T
U
R
E
S
I
N
A
C
C
O
R
D
A
N
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W
I
T
H
C
A
,
2
0
1
3
62
43. f
e
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s
f
o
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t
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e
c
o
m
p
a
n
y
fi
l
i
n
g
f
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n
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e
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t
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i
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s
c
h
e
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e
.
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f
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d
a
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x
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r
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f
seven months
i
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C
A
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6.2.6.2 Applicability - T
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.
Figure 5: Applicability of the Scheme s
u
m
m
a
r
i
s
e
s
t
h
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t
w
o
s
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t
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p
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c
a
b
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e
:
Applicability
Situation A
Date of creation/modification of
charge and timeline for filing has not
expired as on 01.03.2020
Situation B
Date of creation/modification of
charge is after 01.03.2020
FIGURE 5: APPLICABILITY OF THE SCHEME
Situation A
T
h
i
s
s
i
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u
a
t
i
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p
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1
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.
Benefits under Situation A:
T
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f
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.
63
R
E
G
I
S
T
R
A
T
I
O
N
O
F
C
H
A
R
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E
Para 6.2
44. T
h
i
s
h
a
s
b
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e
n
e
x
p
l
a
i
n
e
d
i
n
Figure 6: Analysis of Situation A
FIGURE 6: ANALYSIS OF SITUATION A
M
C
A
vide
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t
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2
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.
Situation B
S
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u
a
t
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B
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Figure 7: Analysis of Situation B.
FIGURE 7: ANALYSIS OF SITUATION B
6.2.6.3 Cases to which the Scheme was not applicable
Refer Table 10: Situations in which Scheme will not apply
.
Sr. no Situations Applicability of Scheme
1
.
C
H
G
-
1
a
n
d
C
H
G
-
9
fi
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.
Para 6.2
I
S
S
U
A
N
C
E
O
F
D
E
B
E
N
T
U
R
E
S
I
N
A
C
C
O
R
D
A
N
C
E
W
I
T
H
C
A
,
2
0
1
3
64
45. Sr. no Situations Applicability of Scheme
F
u
r
t
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r
,
a
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2.
F
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C
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4
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4
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.
3.
T
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o
n
o
f
t
h
e
d
e
b
e
n
t
u
r
e
s
[Rule 18
(
7
)
of SHA Rules].
T
h
e
p
o
s
i
t
i
o
n
f
o
r
m
a
i
n
t
e
n
a
n
c
e
o
f
D
R
R
f
o
r
B
a
n
k
s
,
F
i
n
a
n
c
i
a
l
I
n
s
t
i
t
u
t
i
o
n
s
,
N
o
n
-
B
a
n
k
i
n
g
F
i
n
a
n
c
e
C
o
m
p
a
n
i
e
s
(
N
B
F
C
s
)
a
n
d
N
o
n
-
B
a
n
k
i
n
g
N
o
n
-
F
i
-
n
a
n
c
i
a
l
C
o
m
p
a
n
i
e
s
(
N
B
N
F
C
s
)
i
s
s
u
m
m
a
r
i
z
e
d
i
n
Figure 8: DRR Require-
ment – Pre-amendment and Figure 9: DRR Requirement for Non-NBFCs
– Pre-amendment
8
.
h
t
t
p
:
/
/
w
w
w
.
m
c
a
.
g
o
v
.
i
n
/
M
i
n
i
s
t
r
y
/
p
d
f
/
S
h
a
r
e
C
a
p
i
t
a
l
R
u
l
e
s
_
1
6
0
8
2
0
1
9
.
p
d
f
.
Para 6.4
I
S
S
U
A
N
C
E
O
F
D
E
B
E
N
T
U
R
E
S
I
N
A
C
C
O
R
D
A
N
C
E
W
I
T
H
C
A
,
2
0
1
3
66
47. 6.4.1 Maintenance of DRR – Pre-amendment
CHART A
DRR
Requirements
AIFIs and
Banking
Companies
Not required
NBFCs
Registered
Public Issue 25% of value
Privately Placed
Listed Issues
Not
required
Privately placed
Unlisted Issues
Not
required
Unregistered or
Exempted
At par with
NBNFC
HFCs
At par with
NBNFC
FIs including
IFCs
At par with
regd NBFCs
NBNFCs
Refer
Chart B
FIGURE 8: DRR REQUIREMENT – PRE-AMENDMENT
CHART B
NBNCs
Listed
Public Issue 25% of value
Private Listed
Issue
25% of value
Private
Unlisted Issue
25% of value
Unlisted
Private
Unlisted Issue
25% of value
Private Listed
Issue
25% of value
FIGURE 9: DRR REQUIREMENT FOR NON-NBFCs – PRE-AMENDMENT
67
D
R
R
A
N
D
D
R
F
Para 6.4
48. 6.4.2 Maintenance of DRR – Post-amendment
P
u
r
s
u
a
n
t
t
o
t
h
e
a
m
e
n
d
m
e
n
t
s
i
n
t
r
o
d
u
c
e
d
b
y
t
h
e
C
o
m
p
a
n
i
e
s
(
S
h
a
r
e
C
a
p
i
t
a
l
a
n
d
D
e
b
e
n
t
u
r
e
s
)
(
A
m
e
n
d
m
e
n
t
)
R
u
l
e
s
,
2
0
1
9
,
t
h
e
r
e
q
u
i
r
e
m
e
n
t
o
f
c
r
e
a
t
i
o
n
o
f
D
R
R
f
o
r
p
r
i
v
a
t
e
l
y
p
l
a
c
e
d
d
e
b
e
n
t
u
r
e
s
w
a
s
d
o
n
e
a
w
a
y
w
i
t
h
.
A
s
y
n
o
p
s
i
s
h
a
s
b
e
e
n
p
r
o
v
i
d
e
d
i
n
Table 11: DRR requirement for different companies- Post
amendment.
Sr.
No
Applicability Requirement to create
DRR on public issue of
debentures
Requirement to create
DRR on private place-
ment of debentures
1
.
A
l
l
I
n
d
i
a
F
i
n
a
n
c
i
a
l
I
n
s
t
i
t
u
t
i
o
n
s
r
e
g
u
-
l
a
t
e
d
b
y
R
B
I
a
n
d
B
a
n
k
i
n
g
C
o
m
p
a
n
i
e
s
N
o
t
r
e
q
u
i
r
e
d
[
Rule 18(7)(b)(i)
]
N
o
t
r
e
q
u
i
r
e
d
[
Rule 18(7)(b)(i)
]
2
.
O
t
h
e
r
F
i
n
a
n
c
i
a
l
I
n
-
s
t
i
t
u
t
i
o
n
s
w
i
t
h
i
n
t
h
e
m
e
a
n
i
n
g
o
f
c
l
a
u
s
e
(
7
2
)
o
f
s
e
c
t
i
o
n
2
o
f
A
c
t
,
2
0
1
3
A
s
a
p
p
l
i
c
a
b
l
e
t
o
N
B
F
C
s
r
e
g
i
s
t
e
r
e
d
w
i
t
h
R
B
I
[
Rule 18(7)(b)(ii)
]
A
s
a
p
p
l
i
c
a
b
l
e
t
o
N
B
F
C
s
r
e
g
i
s
t
e
r
e
d
w
i
t
h
R
B
I
LISTED (other than those covered in 1 and 2)
3
.
N
B
F
C
/
H
F
C
N
o
t
R
e
q
u
i
r
e
d
[
Rule18(7)(b)(iii)(A)A
]
N
o
t
R
e
q
u
i
r
e
d
[
Rule 18 (7) (b) (iii) (B)
]
4
.
N
o
n
-
N
B
F
C
/
H
F
C
N
o
t
R
e
q
u
i
r
e
d
[
Rule18(7)(b)(iii)(A)B
]
N
o
t
R
e
q
u
i
r
e
d
[
Rule 18 (7) (b) (iii) (B)
]
UNLISTED (other than those covered in 1 and 2)
5
.
N
B
F
C
/
H
F
C
N
.
A
N
o
t
R
e
q
u
i
r
e
d
[
Rule 18 (7) (b) (iv) (A)
]
6
.
N
o
n
-
N
B
F
C
/
H
F
C
N
.
A
1
0
%
o
f
o
u
t
s
t
a
n
d
i
n
g
v
a
l
u
e
o
f
d
e
b
e
n
t
u
r
e
s
.
[
Rule 18 (7) (b) (iv) (B)
]
Remarks
E
a
r
l
i
e
r
,
t
h
e
r
e
w
a
s
n
o
e
x
-
e
m
p
t
i
o
n
f
o
r
p
u
b
l
i
c
i
s
s
u
e
t
o
N
B
F
C
s
/
H
F
C
s
a
n
d
o
t
h
e
r
l
i
s
t
e
d
e
n
t
i
t
i
e
s
.
E
a
r
l
i
e
r
,
t
h
e
r
e
w
a
s
n
o
e
x
-
e
m
p
t
i
o
n
f
o
r
N
o
n
-
N
B
F
C
s
a
n
d
t
h
e
r
e
q
u
i
r
e
m
e
n
t
t
o
c
r
e
a
t
e
w
a
s
2
5
%
.
TABLE 11: DRR REQUIREMENT FOR DIFFERENT COMPANIES - POST AMENDMENT
6.4.3 Maintenance of DRF – Pre-amendment
O
n
l
y
a
c
o
m
p
a
n
y
r
e
q
u
i
r
e
d
t
o
c
r
e
a
t
e
D
R
R
w
a
s
r
e
q
u
i
r
e
d
t
o
m
a
i
n
t
a
i
n
a
t
l
e
a
s
t
1
5
p
e
r
c
e
n
t
o
f
t
h
e
a
m
o
u
n
t
o
f
i
t
s
d
e
b
e
n
t
u
r
e
s
m
a
t
u
r
i
n
g
d
u
r
i
n
g
t
h
e
y
e
a
r
e
n
d
i
n
g
Para 6.4
I
S
S
U
A
N
C
E
O
F
D
E
B
E
N
T
U
R
E
S
I
N
A
C
C
O
R
D
A
N
C
E
W
I
T
H
C
A
,
2
0
1
3
68
50. o
r
o
t
h
e
r
F
I
s
a
s
p
e
r
t
h
e
c
l
a
u
s
e
o
f
s
e
c
t
i
o
n
2
(
7
2
)
.
T
h
e
n
e
w
r
u
l
e
w
a
s
a
l
s
o
m
a
d
e
a
p
p
l
i
c
a
b
l
e
f
o
r
N
B
F
C
s
h
a
v
i
n
g
p
r
i
v
a
t
e
l
y
p
l
a
c
e
d
d
e
b
t
s
e
c
u
r
i
t
i
e
s
.
(b) Companies (Share Capital and Debentures) (Amendment) Rules,
2020
C
o
n
s
i
d
e
r
i
n
g
t
h
e
p
r
a
c
t
i
c
a
l
d
i
f
f
i
c
u
l
t
i
e
s
i
n
c
r
e
a
t
i
o
n
o
f
D
R
F
b
y
s
o
m
e
c
o
m
p
a
n
i
e
s
d
u
e
t
o
t
h
e
i
n
t
r
o
d
u
c
t
i
o
n
o
f
A
m
e
n
d
m
e
n
t
R
u
l
e
s
,
2
0
1
9
,
t
h
e
M
i
n
i
s
t
r
y
h
a
s
p
a
r
t
i
a
l
l
y
m
o
d
i
f
i
e
d
t
h
e
p
r
o
v
i
s
i
o
n
o
f
t
h
e
R
u
l
e
s
i
n
t
u
n
e
t
o
e
x
e
m
p
t
f
o
l
l
o
w
i
n
g
:
(
i
)
L
i
s
t
e
d
N
B
F
C
s
r
e
g
i
s
t
e
r
e
d
w
i
t
h
R
B
I
u
n
d
e
r
s
e
c
t
i
o
n
4
5
-
I
A
o
f
t
h
e
R
B
I
A
c
t
,
1
9
3
4
a
n
d
f
o
r
H
o
u
s
i
n
g
F
i
n
a
n
c
e
C
o
m
p
a
n
i
e
s
r
e
g
i
s
t
e
r
e
d
w
i
t
h
N
a
t
i
o
n
a
l
H
o
u
s
i
n
g
B
a
n
k
a
n
d
c
o
m
i
n
g
u
p
w
i
t
h
i
s
s
u
a
n
c
e
o
f
d
e
b
t
s
e
c
u
r
i
t
i
e
s
o
n
p
r
i
v
a
t
e
p
l
a
c
e
m
e
n
t
b
a
s
i
s
.
(
ii
)
O
t
h
e
r
l
i
s
t
e
d
c
o
m
p
a
n
i
e
s
c
o
m
i
n
g
u
p
w
i
t
h
i
s
s
u
a
n
c
e
o
f
d
e
b
t
s
e
c
u
-
r
i
t
i
e
s
o
n
p
r
i
v
a
t
e
p
l
a
c
e
m
e
n
t
b
a
s
i
s
.
6.4.4 Maintenance of DRF – Post-amendment
Sr.
No
Applicability
R
e
q
u
i
r
e
m
e
n
t
t
o
invest
in liquid instruments
in case of public issue
o
f
d
e
b
e
n
t
u
r
e
s
R
e
q
u
i
r
e
m
e
n
t
t
o
invest
in liquid instruments
in case of private
placement
o
f
d
e
b
e
n
-
t
u
r
e
s
1
.
A
l
l
I
n
d
i
a
F
i
n
a
n
c
i
a
l
I
n
s
t
i
-
t
u
t
i
o
n
s
r
e
g
u
l
a
t
e
d
b
y
R
B
I
a
n
d
B
a
n
k
i
n
g
C
o
m
p
a
n
i
e
s
N
o
t
R
e
q
u
i
r
e
d
N
o
t
R
e
q
u
i
r
e
d
2
.
O
t
h
e
r
F
i
n
a
n
c
i
a
l
I
n
s
t
i
t
u
-
t
i
o
n
s
w
i
t
h
i
n
t
h
e
m
e
a
n
i
n
g
o
f
c
l
a
u
s
e
(
7
2
)
o
f
s
e
c
t
i
o
n
2
o
f
A
c
t
,
2
0
1
3
N
o
t
R
e
q
u
i
r
e
d
N
o
t
R
e
q
u
i
r
e
d
LISTED (other than those covered in 1 and 2)
3
.
N
B
F
C
/
H
F
C
R
e
q
u
i
r
e
d
.
B
e
i
n
g
a
c
o
m
p
a
n
y
c
o
v
-
e
r
e
d
u
n
d
e
r
[Rule 18(7)(b)(iii)(A)]
N
o
t
R
e
q
u
i
r
e
d
.
(
N
o
t
e
:
W
a
s
r
e
q
u
i
r
e
d
a
s
p
e
r
A
m
e
n
d
m
e
n
t
R
u
l
e
s
,
2
0
1
9
)
[
Rule 18(7)(b)(iii)(B)
]
4
.
N
o
n
-
N
B
F
C
/
H
F
C
R
e
q
u
i
r
e
d
B
e
i
n
g
a
c
o
m
p
a
n
y
c
o
v
-
e
r
e
d
u
n
d
e
r
[Rule 18(7)(b)(iii)(A)]
N
o
t
R
e
q
u
i
r
e
d
.
(
N
o
t
e
:
W
a
s
r
e
q
u
i
r
e
d
a
s
p
e
r
A
m
e
n
d
m
e
n
t
R
u
l
e
s
,
2
0
1
9
)
[
Rule 18(7)(b)(iii)(B)
]
Para 6.4
I
S
S
U
A
N
C
E
O
F
D
E
B
E
N
T
U
R
E
S
I
N
A
C
C
O
R
D
A
N
C
E
W
I
T
H
C
A
,
2
0
1
3
70
51. Sr.
No
Applicability
R
e
q
u
i
r
e
m
e
n
t
t
o
invest
in liquid instruments
in case of public issue
o
f
d
e
b
e
n
t
u
r
e
s
R
e
q
u
i
r
e
m
e
n
t
t
o
invest
in liquid instruments
in case of private
placement
o
f
d
e
b
e
n
-
t
u
r
e
s
UNLISTED (other than those covered in 1 and 2)
5
.
N
B
F
C
/
H
F
C
N
.
A
N
o
t
R
e
q
u
i
r
e
d
6
.
N
o
n
-
N
B
F
C
/
H
F
C
N
.
A
R
e
q
u
i
r
e
d
.
B
e
i
n
g
a
c
o
m
p
a
n
y
c
o
v
-
e
r
e
d
u
n
d
e
r
[
Rule 18(7)(b)(iv)(B)
]
Remarks
E
a
r
l
i
e
r
o
n
l
y
a
c
o
m
p
a
n
y
r
e
q
u
i
r
e
d
t
o
c
r
e
a
t
e
D
R
R
h
a
d
t
o
i
n
v
e
s
t
i
n
l
i
q
u
i
d
i
n
s
t
r
u
m
e
n
t
s
.
N
o
w
t
h
e
r
e
q
u
i
r
e
m
e
n
t
i
s
i
n
d
e
p
e
n
d
e
n
t
.
TABLE 12: DRF REQUIREMENT FOR DIFFERENT COMPANIES - POST AMENDMENT
6.4.5 Applicability of DRR and DRF provisions in a nutshell
All India Financial Institutions and Banking Companies
All India Financial
Institutions and
Banking Companies
Listed Company
Public Issue
Not required
Private Placement
Not required
Unlisted Company
Public Issue
Not required
Private
Placement
Not required
FIGURE 10: DRR DRF REQUIREMENT FOR AI-FIs BANKING COMPANIES
NBFCs registered with RBI under section 45-IA of RBI Act, 1934 and
Housing Finance Companies registered with National Housing Bank
71
D
R
R
A
N
D
D
R
F
Para 6.4
52. NBFCs
Listed
Public Issue
1. DRR not
required
2. DRF required
Private
Placement
1. DRR not required
2. DRF not required
Unlisted
1. DRR not
required
2. DRF not required
FIGURE 11: DRR DRF REQUIREMENT FOR NBFCs
Other Companies
Other Companies
Listed
Public Issue
1. DRR not required
2. DRF required
Private Placement
1. DRR not required
2. DRF not required
Unlisted
1. DRR required- 10%
of value of debenture
2. DRF required
FIGURE 12: DRR DRF REQUIREMENT FOR OTHER COMPANIES
Para 6.4
I
S
S
U
A
N
C
E
O
F
D
E
B
E
N
T
U
R
E
S
I
N
A
C
C
O
R
D
A
N
C
E
W
I
T
H
C
A
,
2
0
1
3
72
54. 6.5 REDEMPTION OF DEBENTURES
D
e
b
e
n
t
u
r
e
s
,
u
n
l
e
s
s
i
n
t
h
e
n
a
t
u
r
e
o
f
p
e
r
p
e
t
u
a
l
d
e
b
t
i
n
s
t
r
u
m
e
n
t
s
,
h
a
s
a
fi
x
e
d
t
e
n
u
r
e
.
T
h
e
r
e
d
e
m
p
t
i
o
n
o
f
d
e
b
e
n
t
u
r
e
s
n
e
e
d
s
t
o
b
e
c
a
r
r
i
e
d
o
u
t
i
n
c
o
m
p
l
i
a
n
c
e
w
i
t
h
p
r
o
v
i
s
i
o
n
s
o
f
C
A
,
2
0
1
3
a
n
d
S
E
B
I
R
e
g
u
l
a
t
i
o
n
s
,
i
n
c
a
s
e
t
h
e
d
e
b
e
n
t
u
r
e
s
a
r
e
l
i
s
t
e
d
.
T
h
e
a
m
o
u
n
t
s
c
r
e
d
i
t
e
d
t
o
D
R
R
c
a
n
b
e
u
t
i
l
i
s
e
d
f
o
r
t
h
e
p
u
r
p
o
s
e
o
f
r
e
d
e
m
p
-
t
i
o
n
[
Rule 18
(
7
)
(
d
)
of SHA Rules].
D
R
F
m
a
i
n
t
a
i
n
e
d
b
y
t
h
e
C
o
m
p
a
n
y
w
i
l
l
a
l
s
o
b
e
u
t
i
l
i
z
e
d
f
o
r
t
h
e
r
e
d
e
m
p
t
i
o
n
o
f
d
e
b
e
n
t
u
r
e
s
.
[Proviso to Rule
18
(
7
)
(
b
)
(
vi
)
of SHA Rules]
6.5.1 Events resulting in redemption
T
h
e
d
e
b
e
n
t
u
r
e
s
c
a
n
b
e
r
e
d
e
e
m
e
d
o
n
f
o
l
l
o
w
i
n
g
e
v
e
n
t
s
:
a.
A
t
t
h
e
t
i
m
e
o
f
m
a
t
u
r
i
t
y
;
b.
E
a
r
l
y
r
e
d
e
m
p
t
i
o
n
(
w
i
t
h
t
h
e
c
o
n
s
e
n
t
o
f
t
h
e
d
e
b
e
n
t
u
r
e
h
o
l
d
e
r
s
)
;
c.
E
x
e
r
c
i
s
e
o
f
C
a
l
l
O
p
t
i
o
n
b
y
I
s
s
u
e
r
;
d.
E
x
e
r
c
i
s
e
o
f
P
u
t
O
p
t
i
o
n
b
y
i
n
v
e
s
t
o
r
;
e.
P
u
r
s
u
a
n
t
t
o
t
r
i
g
g
e
r
o
f
e
v
e
n
t
o
f
d
e
f
a
u
l
t
;
6.5.2 At the time of maturity
I
n
t
h
i
s
c
a
s
e
,
t
h
e
d
e
b
e
n
t
u
r
e
s
a
r
e
r
e
d
e
e
m
e
d
a
t
t
h
e
t
i
m
e
o
f
m
a
t
u
r
i
t
y
s
p
e
c
i
fi
e
d
i
n
t
h
e
t
e
r
m
s
h
e
e
t
.
A
s
e
c
u
r
e
d
d
e
b
e
n
t
u
r
e
,
a
s
p
e
r
C
A
,
2
0
1
3
c
a
n
n
o
t
h
a
v
e
a
t
e
n
u
r
e
e
x
c
e
e
d
i
n
g
1
0
y
e
a
r
s
u
n
l
e
s
s
t
h
e
s
a
m
e
h
a
s
b
e
e
n
i
s
s
u
e
d
b
y
c
o
m
p
a
n
i
e
s
e
l
i
g
i
b
l
e
t
o
i
s
s
u
e
w
i
t
h
3
0
y
e
a
r
s
m
a
t
u
r
i
t
y
.
6.5.3Earlyredemption(withtheconsentofthedebentureholders)
W
h
e
r
e
t
h
e
i
s
s
u
e
r
i
n
t
e
n
d
s
t
o
r
e
d
e
e
m
b
e
f
o
r
e
t
h
e
m
a
t
u
r
i
t
y
,
i
t
c
a
n
e
a
r
l
y
r
e
d
e
e
m
a
l
l
t
h
e
d
e
b
e
n
t
u
r
e
s
b
y
a
l
t
e
r
i
n
g
t
h
e
t
e
r
m
s
o
f
i
s
s
u
e
w
i
t
h
t
h
e
c
o
n
s
e
n
t
o
f
t
h
e
d
e
b
e
n
t
u
r
e
h
o
l
d
e
r
s
.
E
a
r
l
y
r
e
d
e
m
p
t
i
o
n
r
e
s
u
l
t
s
i
n
b
u
y
-
b
a
c
k
o
f
d
e
b
e
n
t
u
r
e
s
,
h
o
w
e
v
e
r
,
S
e
c
t
i
o
n
6
8
o
f
C
A
,
2
0
1
3
d
o
e
s
n
o
t
a
t
t
r
a
c
t
i
n
t
h
a
t
c
a
s
e
a
s
t
h
e
s
e
c
t
i
o
n
d
e
a
l
s
w
i
t
h
b
u
y
-
b
a
c
k
o
f
s
h
a
r
e
s
a
n
d
o
t
h
e
r
s
p
e
c
i
fi
e
d
s
e
c
u
r
i
t
i
e
s
t
h
a
t
d
o
e
s
n
o
t
i
n
c
l
u
d
e
d
e
b
e
n
t
u
r
e
s
.
6.5.4 Exercise of Call Option by Issuer
W
h
e
r
e
t
h
e
i
s
s
u
a
n
c
e
h
a
s
a
n
e
m
b
e
d
d
e
d
C
a
l
l
o
p
t
i
o
n
,
t
h
e
s
a
m
e
c
a
n
b
e
e
x
e
r
-
c
i
s
e
d
b
y
t
h
e
i
s
s
u
e
r
d
u
r
i
n
g
t
h
e
o
p
t
i
o
n
e
x
e
r
c
i
s
e
p
e
r
i
o
d
.
T
h
i
s
i
s
a
c
o
m
m
o
n
p
h
e
n
o
m
e
n
o
n
i
n
c
a
s
e
o
f
i
s
s
u
e
o
f
p
e
r
p
e
t
u
a
l
d
e
b
t
i
n
s
t
r
u
m
e
n
t
s
.
A
s
p
e
r
B
a
s
e
l
I
I
I
g
u
i
d
e
l
i
n
e
s
,
i
s
s
u
e
r
c
a
n
e
x
e
r
c
i
s
e
c
a
l
l
o
p
t
i
o
n
w
i
t
h
t
h
e
p
r
i
o
r
a
p
p
r
o
v
a
l
o
f
R
B
I
a
f
t
e
r
t
h
e
i
n
s
t
r
u
m
e
n
t
h
a
s
r
u
n
f
o
r
a
t
l
e
a
s
t
1
0
y
e
a
r
s
.
Para 6.5
I
S
S
U
A
N
C
E
O
F
D
E
B
E
N
T
U
R
E
S
I
N
A
C
C
O
R
D
A
N
C
E
W
I
T
H
C
A
,
2
0
1
3
74
55. 6.5.5 Exercise of Put Option by investor
P
u
t
o
p
t
i
o
n
i
s
e
x
e
r
c
i
s
e
d
b
y
t
h
e
d
e
b
e
n
t
u
r
e
h
o
l
d
e
r
w
h
e
r
e
h
e
h
a
s
t
h
e
r
i
g
h
t
t
o
s
e
l
l
t
h
e
d
e
b
e
n
t
u
r
e
t
o
t
h
e
i
s
s
u
e
r
a
n
d
r
e
d
e
e
m
t
h
e
d
e
b
e
n
t
u
r
e
s
b
e
f
o
r
e
t
h
e
m
a
t
u
r
i
t
y
.
T
h
e
o
p
t
i
o
n
p
e
r
i
o
d
i
s
p
r
o
v
i
d
e
d
i
n
t
h
e
t
e
r
m
s
h
e
e
t
i
t
s
e
l
f
.
6.5.6 Pursuant to trigger of event of default
W
h
e
n
a
n
i
s
s
u
e
r
f
a
i
l
s
t
o
c
o
m
p
l
y
w
i
t
h
a
n
y
o
f
t
h
e
c
o
v
e
n
a
n
t
s
m
e
n
t
i
o
n
e
d
u
n
d
e
r
D
e
b
e
n
t
u
r
e
T
r
u
s
t
D
e
e
d
o
r
m
a
k
e
s
a
n
y
d
e
f
a
u
l
t
i
n
p
a
y
m
e
n
t
o
f
i
n
t
e
r
e
s
t
a
m
o
u
n
t
,
t
h
e
d
e
b
e
n
t
u
r
e
h
o
l
d
e
r
s
/
D
e
b
e
n
t
u
r
e
T
r
u
s
t
e
e
c
a
n
d
e
m
a
n
d
e
a
r
l
y
r
e
d
e
m
p
t
i
o
n
p
u
r
s
u
a
n
t
t
o
b
r
e
a
c
h
o
f
c
o
v
e
n
a
n
t
r
e
s
u
l
t
i
n
g
i
n
e
v
e
n
t
o
f
d
e
f
a
u
l
t
.
R
e
a
d
m
o
r
e
u
n
d
e
r
C
H
A
P
T
E
R
2
1
d
e
a
l
i
n
g
w
i
t
h
‘
R
i
g
h
t
s
o
f
D
e
b
e
n
t
u
r
e
h
o
l
d
e
r
s
’
.
6.5.7 Consequence of default in terms of a debenture
T
h
e
c
o
m
p
a
n
y
i
s
r
e
q
u
i
r
e
d
p
a
y
i
n
t
e
r
e
s
t
a
n
d
r
e
d
e
e
m
t
h
e
d
e
b
e
n
t
u
r
e
s
i
n
a
c
c
o
r
-
d
a
n
c
e
w
i
t
h
t
h
e
t
e
r
m
s
a
n
d
c
o
n
d
i
t
i
o
n
s
o
f
i
s
s
u
e
[Section 71
(
8
)
of CA, 2013].
A
c
o
n
t
r
a
c
t
w
i
t
h
t
h
e
c
o
m
p
a
n
y
t
o
t
a
k
e
u
p
a
n
d
p
a
y
f
o
r
a
n
y
d
e
b
e
n
t
u
r
e
s
o
f
t
h
e
c
o
m
p
a
n
y
c
a
n
b
e
e
n
f
o
r
c
e
d
b
y
a
d
e
c
r
e
e
f
o
r
s
p
e
c
i
fi
c
p
e
r
f
o
r
m
a
n
c
e
[Section
71
(
12
)
of CA, 2013].
6.5.7.1 Penal provisions -
S
e
c
t
i
o
n
7
1
p
r
o
v
i
d
e
s
p
e
n
a
l
p
r
o
v
i
s
i
o
n
o
n
l
y
i
n
c
a
s
e
t
h
e
i
s
s
u
e
r
f
a
i
l
s
t
o
c
o
m
p
l
y
w
i
t
h
t
h
e
o
r
d
e
r
o
f
t
h
e
T
r
i
b
u
n
a
l
.
I
n
c
a
s
e
t
h
e
c
o
m
p
a
n
y
f
a
i
l
s
t
o
c
o
m
p
l
y
w
i
t
h
a
n
y
o
t
h
e
r
c
o
n
d
i
t
i
o
n
s
p
e
c
i
fi
e
d
i
n
S
e
c
t
i
o
n
7
1
o
r
R
u
l
e
1
8
o
f
S
H
A
R
u
l
e
s
,
t
h
e
r
e
i
s
n
o
s
p
e
c
i
fi
c
p
e
n
a
l
p
r
o
v
i
s
i
o
n
p
r
o
v
i
d
e
d
u
n
d
e
r
s
e
c
t
i
o
n
7
1
.
I
n
t
h
a
t
c
a
s
e
,
S
e
c
t
i
o
n
4
5
0
o
f
C
A
,
2
0
1
3
w
i
l
l
b
e
c
o
m
e
a
p
p
l
i
c
a
b
l
e
,
p
u
r
s
u
a
n
t
t
o
w
h
i
c
h
t
h
e
c
o
m
p
a
n
y
a
n
d
e
v
e
r
y
o
f
fi
c
e
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Effect of default in payment of interest/redemption on the Company:
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BILL, 2020
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76
59. LAW PRACTICE
RELATING TO CORPORATE
BONDS DEBENTURES
Author : Vinita Nair Dedhia ,
Abhirup Ghosh
Edition : 2021
ISBN No : 9789390585083
Rs. 1595 USD 59
Date of Publication : January 2021
Weight (Kgs) : 1.08
No. of papers : 736
ORDER NOW
Description
This book provides comprehensive commentary on law relat-
ing to Corporate Bonds and Debentures. This book will find
practical value and utility for the following communities and
professionals:
Corporate Practitioners
Researchers/Academicians
Students
The Present Publication is the Latest Edition, authored by Vin-
ita Nair Dedhia (Senior Partner) Abhirup Ghosh (Partner),
with the following noteworthy features:
It covers both issuers’ investors perspective
Includes substantial technical details such as the law per-
taining to floating charges, debenture trustees, etc.
Apart from the tradition corporate bonds, this book also
covers application-specific bonds such as infrastructure
bonds, masala bonds, green bonds, etc.
Law stated in this book is amended up to 1st January, 2021