Reference: Central Board of Indirect Taxes and Customs
Update:
Implementation of automated clearance on All-India basis
CBIC has reviewed the implementation of the pilot roll-out of automated clearance at the two customs locations i.e., Chennai Customs House and Jawaharlal Nehru Customs House and has now decided to extend the facility of automated clearance of Bills of Entry to all customs formations where the Customs EDI system is operational. CBIC has also given some important features of the automated clearance in the prescribed circular.
Implication:
This facility shall come into effect from 05.03.2020.
Update:
Tariff Notification in respect of Fixation of Tariff Value
CBIC has notified the Government of India in the Ministry of Finance (Department of Revenue) about fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy seeds, Areca Nut, Gold and Silver as prescribed in notification.
Update:
Central Goods and Services Tax (2nd Amendment) Rules, 2020
CBIC has made amendments in the CGST in the value of lottery to be 100/128 of the face value of ticket or of the price and hereby for the rule 31A, for sub-rule (2), the given rule shall be substituted.
Implication:
This amendment shall come into force on the date of their publication in the Official Gazette.
Update:
Due dates of filing Form GSTR 3B, for the month of February, 2020
CBIC has prescribed due dates for filing of return in FORM GSTR 3B. As per this scheme, taxpayers having an aggegrate turnover of up to rupees 5 crore in the previous financial year shall file e-return in FORM GSTR 3B in the prescribed manner.
I. For Registered person, whose principal place of business is in States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep, due date is:
| Month | Due date |
| January 2020 | 22.02.2020 |
| February 2020 | 22.03.2020 |
| March 2020 | 22.04.2020 |
II. For Registered person, whose principal place of business is States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi, due date is:
| Month | Due date |
| January 2020 | 24.02.2020 |
| February 2020 | 24.03.2020 |
| March 2020 | 24.04.2020 |
Implication:
Taxpayers shall file return in FORM GSTR 3B on or before due dates prescribed by the CBIC to avoid additional fees/penalty.
Update:
Provision for Quarterly Payment of GST by MSMEs
CBIC has issued provision for the benefit to small and medium sector companies of new return model under GST which ensures quarterly filing of returns for those taxpayers whose aggregate turnover in the preceding Financial year does not exceed Rs. 5 crore.
Update:
SC dismissed SLP filed by department against HC order which allowed assessee to file Tran-1
The assessee could not carry forwards unutilized CENVAT credit of Central Excise and Input Tax Credit (ITC) of VAT on account of non-filing or incorrect filing of Tran-1 by the prescribed last date i.e., 27/12/2017. The apex court had dismissed SLP filed by the Union of India upheld the order passed by the Punjab & Haryana High Court which allowed assessee to file Tran-1 after the prescribed due date.
Implication:
The assessee will have more time to file Tran-1 as directed by the Apex Court.
Update:
Authorities to dispose of application for rectification of shipping bills
Jindal Drugs (Assessee) filed writ petition before the High Court of Bombay to grant refund of IGST paid on the export of manufactured goods under 15 shipping bills. The honorable High Court directed the GST authorities to dispose of the application for rectification of shipping bills by following the principles of natural justice.
Reference: Central Board of Direct taxes
Update:
Clarifications on provisions of the Direct Tax Vivad se Vishwas Bill
Based on representations received from the stakeholders regarding its various provisions, official amendments to Vivad se Vishwas have been proposed. These amendments seek to widen the scope of Vivad se Vishwas and reduce the compliance burden on taxpayers. After introduction of Vivad se Vishwas in Lok Sabha, several queries have been received from the stakeholders seeking clarifications in respect of various provisions contained therein. Government has considered these queries and decided to clarify the same in form of answers to frequently asked questions (FAQs).
Update:
Income-Tax Deduction from Salaries during the Financial Year 2019-2020
CBDT has modified Para 3.1 in Circular No.04/2020 which related to deduction of Tax (TDS) on Salaries u/s 192 of the Income Tax Act, 1961 during FY 2019-20 under heading \”Method of Tax Collection\”. Hereafter para 3.1 shall be read as under;
\”No tax, however, will be required to be deducted at source in a case unless the estimated salary income including the value of perquisites is taxable after giving effect to the exemptions, deductions and relief as applicable.\”
Update:
TDS Surveys by Income Tax Department unearths huge defaults in deduction and deposit
The TDS wing of the Income Tax Department has unearthed default of tax deducted at source (TDS) of Rs. 324 crore in the case of a major Telecom Operator in Delhi. Enquiries during the survey revealed TDS default of Rs. 70 Crore and Rs. 20 Crore. Further, it was also revealed that the hospitals were also not making the required TDS at 10% from the maintenance charges paid for hitech sophisticated operation theater and diagnostic equipments. Many hospitals were not complying with the TCS norms. In another TDS survey conducted on a prominent Real Estate Group in Delhi, it was seen that the deductor having already deducted tax in earlier years, had not deposited the deducted taxes in government account.
Hence, the IT Department has stepped up enforcement action against TDS default cases as this category of revenue contributes to over 45% of the total direct tax collection in the country.
Implication:
TDS has to be paid to the credit of the Central Government within 7 days from the end of the month in which the deduction is made.
Update:
Additional evidences filed by Pabitra Mohal Samal should be admitted even if same weren\’t supported with an application
Pabitra Mohal Samal (Assessee) had filed his return of income and his case was selected for scrutiny under CASS. The CIT(A) observed that the documents were not filed before the AO nor any application of additional evidence filed by the assessee during the appellate proceedings and hence upheld the order passed by the AO.
ITAT held that the CIT(A) had gone through the confirmation along with the documents filed by the Assessee. Considering the scenario and the factual aspect of the matter, the tribunal quashed the order of CIT(A) and directed AO to delete the additions.
Update:
Financial stringency would not justify non-remittance of TDS to Govt, levy of penalty justified
Penalty proceedings were initiated by issuance of show-cause notice under 221 against the KBR Infratech Ltd (Assessee). The assessee submitted that failure in remittance of TDS was out of acute liquidity crunch and not deliberate or intentional negligence.
Assessing Officer (AO) didn’t accept assessee’s plea and levied penalty of Rs. 77.95 lakhs on the assessee. The CIT(A) set aside the penalty levied by the AO. ITAT reversed the order passed by CIT(A) and restricted the penalty to Rs. 20.56 lakhs.
Update:
Income Tax Department conducts search on a group of individuals, hawala dealers and businessmen in Raipur
IT department conducted a search on a group of individuals, hawala dealers and businessman in Raipur. Based on evidences, the IT department found a few other premises that were also covered in consequential actions. Incriminating documents, electronic data, details of benami vehicles, hawala transfers, transfer to Kolkata-based companies and creation of shell companies with huge land bank was seized. The search also resulted in seizure of substantial amount of cash.
Implication:
The search action resulted in cash seizure of over Rs. 150 crore.
Update:
Income Tax Department conducts search on prominent metal processing and financing group in Tamil Nadu
The Income Tax Department conducted a search in the case of a prominent business group based in Chennai dealing in the business of non-ferrous metal processing in lead, copper and aluminium and Money Lending activities. The IT Deoartment has found hidden cloud servers other than the servers regularly used by the group for accounting, large amount of encrypted date retrieved from pen drive obtained from third party premise, evidences that showed unaccounted funds as bpgus share premium, large nummber of property documents, promissory notes, post dated cheques and the same has been seized.
Implication:
The search action resulted in cash seizure of Rs. 1 crore and detection of unaccounted income exceeding Rs. 400 crore.
Reference: Reserve Bank of India
Update:
Relaxation in withdrawal limit – The City Co-operative Bank Ltd, Mumbai, Maharashtra
RBI had issued to The City Co-operative Bank Ltd, Mumbai, Maharashtra, the validity of directions for close of business which was extended upto April 17, 2020. In addition to the already existing directions, RBI exceeded the amount to be withdrawn, a sum not exceeding Rs. 10,000/- of total balance in every savings bank account or current account or term deposit account or any other deposit account wherever such depositor is having liability to the bank in any manner.
Update:
Supersession of the Board of Directors – Appointment of Administrator – Yes Bank Ltd.
RBI superseded the Board of Directors of Yes Bank Ltd. for a period of 30 days owing to serious deterioration in the financial position of the bank.
Update:
Yes Bank Ltd. placed under Moratorium
The financial position of Yes Bank Ltd. has undergone a steady decline due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors and withdrawal of deposits and the RBI has been in constant engagement with the bank\’s management to strengthen its balance sheet and liquidity. RBI came to a conclusion that in the absence of a credible revival plan and in public interest and the interest of the bank\’s depositors, it had no alternative but to apply to the Central Government for imposing a moratorium.
Implication:
The moratorium is effective from 05.03.2020.
Update:
Quarterly Statistics on Deposits and Credit of SCBs: December 2019
RBI released its web publication entitled Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), December 2019. Data on total credit and deposits disaggregated by type, are classified by states/union territories (UTs), districts, centres, population groups and bank groups. These data are collected from SCBs, including Regional Rural Banks (RRBs) and Small Finance Banks (SFBs), under the Basic Statistical Return (BSR) – 7 system.
Update:
Financial Action Task Force (FATF) Public Statements
FATF has identified the following jurisdictions as having strategic deficiencies which have developed an action plan with the FATF to deal with them. These jurisdictions are: Albania, The Bahamas, Barbados, Botswana, Cambodia, Ghana, Iceland, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Pakistan, Panama, Syria, Uganda, Yemen and Zimbabwe.
Update:
Sovereign Gold Bond Scheme 2019-20 Series X – Issue Price
RBI has decided to offer a discount of Rs. 50/- per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.
Implication:
For such investors, the issue price of Gold Bond will be Rs. 4,210/- per gram of gold.
Update:
Extension of Direction– Bidar Mahila Urban Co-operative Bank Ltd., Bidar – Karnataka
RBI had issued to the Bidar Mahila Urban Co-operative Bank Ltd., Bidar – Karnataka, the validity of directions for close of business which was last extended upto February 29, 2020. RBI has further extended the validity of directions for a period of six months from March 01, 2020 to August 31, 2020.
Implication:
The said bank will have to follow the directions issued by the RBI for further period of six months i.e., till 31.08.2020.
Update:
Extension of Direction- Rupee Co-operative Bank Ltd, Pune, Maharashtra
RBI had issued to the Rupee Co-operative Bank Ltd, Pune, Maharastra, the validity of directions for close of business which was last extended upto February 29, 2020. RBI has further extended the validity of directions for a period of three months from March 01, 2020 to May 31, 2020.
Implication:
The said bank will have to follow the directions issued by the RBI for further period of three months i.e., till 31.05.2020.
Update:
Formation of new districts in the State of Tamil Nadu– Assignment of Lead Bank Responsibility
The Government of Tamil Nadu had notified the formation of five new districts in the State of Tamil Nadu viz., Kallakurichi, Tenkasi, Chengalpattu, Tirupathar and Ranipet. It has been decided to assign the lead bank responsibility of these new districts as prescribed in the notification.
Reference: Securities Exchange Board of India
Update:
Mobile application for lodging investor grievances
SEBI today launched a Mobile Application for the convenience of investors to lodge their grievances in SEBI Complaints Redress System (SCORES) rather than sending letters to SEBI in physical mode. The App has all the features of SCORES which is presently available electronically where the investors have to lodge their complaints by using internet medium.
Implication:
As per SEBI norms, entities against whom complaints are lodged are required to file an Action Taken Report with SEBI within 30 days of receipt of complaints.
Update:
Monetary Penalty on Nissan Copper Limited and others
It was alleged that the scheme of issuance of Global Depository Reciepts (GDRs) was fraudulent and it was observed that the directors of Nissan Copper Limited (NCL) namely, Mr. Atul Mardia and Mr. Praveen Kumar Shah had attended the Board meeting which had approved the board resolution and Mr. Ratanlal Mardia, who had executed the Pledge Agreement, were parties to a fraudulent scheme of issuance GDRs by NCL by way of loan and pledge agreements. It was therefore alleged that the individuals named above had acted as parties to the fraudulent scheme thereby violating provisions of Section 12A(a),(b),(c) of SEBI Act, 1992 read with Regulations 3(a),(b),(c),(d) and 4(1) of SEBI (PFUTP) Regulations and Section 21 of the SCRA read with Clauses 32, 36(7) and 50 of the Listing Agreement. Adjudication proceedings have also been initiated against Mr. Atul Mardia,Mr. Praveen Kumar Shah and Mr. Ratanlal Mardiafor the alleged violation of the provisions of Section 12A(a),(b),(c) of SEBI Act, 1992 read with Regulations 3(a),(b),(c),(d) and 4(1) of PFUTP Regulations.
Hence, SEBI imposed a monetary penalty of Rs. 10,15,00,000/- on the Noticee 1 i.e., Nissan Copper Limited and monetary penalty of Rs. 20,00,000/-, 10,00,000/- and 5,00,000/- on Noticee 2,3,and 4 i.e., Mr, Ratanlal Mardia, Mr. Atul Mardia and Mr. Praveen Kumar Shah respectively.
Implication:
The Noticee shall remit/pay the said amount of penalty within 45 days of receipt of this order.
Update:
Monetary penalty on Rameshchandra Agrawal and Manju Agrawal
Rameshchandra Agrawal and Manju Agrawal (Noticees) were required to make an open offer under regulation 3(2) read with (r/w) regulation 13(1) of Substantial Acquisition of Shares and Takeovers Regulations, 2011 (SAST Regulations) which they have failed to make.
Hence, the failure on part of the Noticees to make required disclosures under relevant provisions discussed in the notification attracts imposition of monetary penalty for violation of provisions of (2) r/w 13(1) of SAST Regulations.
Hence, SEBI imposed a monetary penalty of Rs. 25,00,000/- on the Noticees.
Implication:
The Noticee shall remit/pay the said amount of penalty within 45 days of receipt of this order.
Update:
Monetary penalty on Global Earth Properties and Developers Private Limited
It was observed from the trade log that Global Earth Properties and Developers Private Limited (Noticee) had executed a total of 94 trades in 29 unique contracts wherein in 27 contracts, 100% trade were non-genuine trades. These alleged non genuine trades, executed by Noticee in above contracts, had significant differential in buy rates and sell rates considering that the trades were reversed on same day here by violating the provisions of Regulation 3(a),(b),(c),(d), 4(1) and 4(2)(a) of the PFUTP Regulations.
Hence, SEBI imposed a monetary penalty of Rs. 6,00,000/- upon Noticee viz. Global Earth Properties and Developers Private Limited.
Implication:
The Noticee shall remit / pay the said amount of penalty within 45 days of receipt of this order.
Update:
Review of Norms regarding Regaining Matched Book for Commodity Derivatives Segment
SEBI prescribed norms to regain matched book vide Clause \’5\’ of Annexure- I to the said circular. The norms prescribed 4 alternative tools to regain a matched book based on market conditions, namely:-
- Alternative 3: Voluntary tear-up at last mark-to-market price along with compensation equal to 10% of last mark-to-market price and penalty equal to 1% of last mark-to-market price (to be credited to SGF).
- Alternative 4: Partial tear-up (pro-rata against members/clients having opposite positions) at last mark-to-market price along with compensation equal to 8% of last mark-to-market price and penalty equal to 1% of last mark-to-market price (to be credited to SGF).
Implication:
To enable timely and error free execution CCs shall put in place such system, and also conduct testing of the same, within 6 months from the date of issuance of this circular. The other provisions of this circular shall be effective immediately.
Update:
Monetary penalty on Abhay Ram Dahiya and others
Abhay Ram Dahiya, Pankaj Dahiya and Amardeep Dahiya (Noticees) had acquired 3,00,000 equity shares of HSIDC for ₹71,25,466/-i.e. at the rate of ₹23.75/-per share and under Regulation 20(2)(b) of SAST 1997 the minimum acquisition prices to acquire the 20% shareholding of public should have been ₹23.75/-per shares and not ₹8.75/-as offered by the Acquirer being the minimum price paid for any acquisition. The Noticees were directed to make public announcement but have failed to comply with the orders dated June 03, 2019, read with August 01, 2003 passed by SEBI.
Hence, SEBI has imposed monetary penalty of Rs. 24,00,000/- on the Noticees.
Implication:
The Noticee shall remit / pay the said amount of penalty within 45 days of receipt of this order.
Update:
Monetary penalty on Cosmos Distributors Pvt. Ltd. and others
Cosmos Distributors Pvt. Ltd. and others (Noticees) had executed 120 trades as buyers and out of which their 22 trades contributed to positive LTP of Rs. 139.95 which was 18.07% of market positive LTP. Noticee 14 was counterparty to 6 trades of Noticee 2, Noticee 3 and Noticee 6 which contributed Rs. 44.25 (5.71%) to market positive LTP and therefore, the trading activity of Noticee 14 appears to be manipulative. Noticee 1 to Noticee 4 and Noticee 6 have manipulated the share price of the Company by contributing significantly in establishing new high price. Noticee 1 to Noticee 6 did not submit their reply refuting allegations leveled against them in the SCN.
Based on the findings, SEBI concluded that trading activities of the Noticees were fraudulent and hence have violated Regulations 3(a), (b), (c) & (d), 4(1), 4(2)(a) and (e) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to FUTP) Regulations, 2003.
Hence, SEBI imposed monetary penalty of Rs. 80,00,000/- on the Noticees.
Implication:
The Noticees shall remit / pay the said amount of penalty within 45 days of receipt of this order.
Update:
Monetary penalty on M/s. Aksh Optifibre Limited and others
M/s. Aksh Optifibre Limited, Dr. Kailash S Chaudhary, Mr. P.F. Sundesha, Mr. B.R. Rakhecha, Mr. Narendra Kumbhat and Mr. Arun Sood (Noticees) had issued 11,65,750 GDRs amounting to US $ 25 million, equivalent to 5,82,87,500 equity shares of Rs.5 each and the said issue was subscribed by one entity viz. Vintage FZE. It was observed that directors of AKSH i.e. Noticee 2 to 6 in its Board Meeting had passed Board Resolution inter-alia authorizing Noticee 2 viz. Dr. Kailash S. Choudhari, Mr. Satyendra Gupta and Mr. Gaurav Mehta of the Company for opening of an account with EURAM Bank for the purpose of receiving subscription money in respect of the GDR issue of AKSH and also for using the funds deposited in the said bank account as security in connection with loans. The aforesaid arrangement was not disclosed to the public and it was alleged that the scheme of issuance of GDRs was fraudulent.
The Noticees have violated provisions of Section 12A(a), (b), (c) of SEBI Act, 1992 read with Regulations 3(a), (b), (c), (d),4(1), 4(2)(f), (k) and (r) of SEBI (PFUPT) Regulations 2003 and Section 21 of the SCRA, 1956 read with Clause36(7) of the Listing Agreement. Adjudication proceedings were also initiated against Noticee 2 to 6 for alleged violations of Section 12A(a),(b),(c) of SEBI Act, 1992 read with Regulations 3(a),(b),(c),(d), and 4(1) of PFUTP Regulations.
Hence, SEBI has imposed a monetary penalty of Rs. 10,75,00,000/- on the Noticees.
Implication:
The Noticees shall remit / pay the said amount of penalty within 45 days of receipt of this order.
Update:
Operating Guidelines for Investment Advisers in International Financial Services Centre (IFSC) – Clarifications
Based on the representation received from the stakeholder regarding para 8(a) of the said circular, the networth requirement for registered Investment Adviser in IFSC is revised to USD 700,000 and it is clarified that existing recognized entities in IFSC can also apply for IA registration without forming a separate company or LLP.
Update:
Revised guidelines for International Financial Services Centres
SEBI has amended the provisions of Clause 8(1) relating Intermediaries of IFSC and Clause 19 relating Reporting of Financial Statement of SEBI (IFSC) Guidelines, 2015 to streamline the operations at IFSC, based on the internal discussions and consultations held with the stakeholders.
Reference: Insurance Regulatory and Development Authority of India
Update:
Guidance on Insurance Claims arising in North East Delhi Caused by riots
IRDAI issued following instructions to the Insurers:
- To nominate a Senior Officer acting as a nodal officer for Delhi State.
- To publish contact details of office/special arrangements in press and through State Government
- To initiate immediate steps for quick registration of claims.
- To engage adequate number of surveyors in the affected areas to ensure all claims are promptly assessed and payments are disbursed within 15 days.
- To create extensive awareness campaign in the affected areas highlighting measures taken by you.
Update:
Guidelines on handling of claims reported under Coronavirus
IRDAI has prescribed norms all claims reported under corona virus in order to alleviate the hardships that may be caused to the policyholders. Insurers shall ensure that the cases related to corona virus (COVID-19) shall be immediately handled and the costs of admissible medical expenses during the course of treatment during quarantine period shall be settled in accordance to the applicable terms and conditions of policy contact.
Implication:
These instructions shall come into force with immediate effect.
Update:
Modification Guidelines on Standard Individual Health Insurance Product
IRDAI has issued norms in partial modification of guidelines on standard individual health insurance product. Providing policy document in physical form is mandatory when policies are issued in electronic forms directly to the policyholders. The digital form of the policy contract may be forwarded through email or link shall be provided in the certificate of insurance.
Update:
Internship in IRDAI
IRDAI proposed to offer internship to students who are pursuing Graduate and Post graduate courses or Research from reputed universities and educational institutions during the Summer recess. It has prescribed terms and conditions for the application of internship as given in the circular.
Reference: Ministry of Corporate Affairs
Update:
Extension of the last date of filing of Form NFRA-2
MCA has decided that the time limit of filing of Form NFRA-2, for the Financial Year 2018-19, will be extended 150 days from the date of deployment of this form on the website of National Financial Reporting Authority (NFRA)
Implication:
Stakeholders will have more time for filing of Form NFRA-2.
Update:
LLP settlement Scheme, 2020
The Limited Liability Partnership (LLP) is viewed as an alternative corporate business vehicle that provides the benefits of Limited Liability but allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement.
The Central Government has decided to introduce a scheme namely \”LLP Settlement Scheme, 2020\” by allowing one-time condonation of delay in filing statutorily required document with the Registrar to promote ease of doing business and has given certain provisions regarding its applicability, manner of payment of fees etc. The Registrar is advised to take necessary action under the LLP Act, 2008 against the LLPs which have not availed this Scheme and are in default in filing of documents as required under the provisions of the same.
Implication:
This scheme shall come into force on the 16th March, 2020 and shall remain in force upto 13th June, 2020.
Update:
Extension of date for submission for public comments on the Competition (Amendment) Bill, 2020
MCA has drafted a Competition (Amendment) Bill, 2020 for carrying out amendments in the Competition Act, 2002 and public comments are solicited on the given draft. MCA has thus, extended the date for submission of the same and the stakeholders can submit online their comments, if any by the end of business hours on 06th March, 2020 positively.
Implication:
Stakeholders have more time to submit their comments.
Update:
Corrigendum Notification
MCA made amendements in the notification number G.S.R.114(E) namely:-
- In line 9, for \”rule 23A\’ read \”rule 23A and first proviso to rule 23B\”.
Update:
Exemptions to Government Companies under Section 462 of the Companies Act, 2013
The Central Government has made amendments in the notification of the Government of India, in the MCA. It has made changes for serial number 1 and for serial number 26 as prescribed in the notification.
Update:
Companies (Appointment and Qualification of Directors) Amendment Rules, 2020
MCA has amended the Companies (Appointment and Qualification of Directors) Amendment Rules, 2014, namely:-
- In sub-rule (1), in clause (a), for the words \”three months\” the words \”five months\” shall be substituted.
- In sub-rule (4), for the first proviso MCA has substituted proviso as prescribed in the notification and in the second proviso for the word \”companies\” the words \”companies or bodies corporate\” shall be substituted.
Implication:
These amendments shall come into force on the date of their publication in the Official Gazette.
KNOWLEDGE ALERT
Insights to help you sharpen your Governance, Risk and Compliance Knowledge
Issued by: Knowledge Management Team of JHS & Associates LLP (JHS), Chartered Accountants
DISCLAIMER
- JHS & Associates LLP, Chartered Accountants [“JHS”] by means of this presentation is not rendering any professional advice, or services whatsoever.
- JHS is under no obligation whatsoever to update, or revise this presentation, or the information provided herein.
- JHS has taken reasonable care to ensure that the information in this presentation is accurate. It however accepts no legal responsibility for any consequential incidents that may arise from errors or omissions contained in this presentation.
- This presentation is strictly confidential and is for the intended recipient only. It is solely for the recipient to determine what may, or may not be accurate or appropriate.
- This presentation should be viewed solely in conjunction with the oral session conducted by JHS, failing which it is deemed to be incomplete.
- This presentation is based on the information available to JHS at the time of preparing the same, all of which are subject to changes which may, directly or indirectly impact the information and statements given in this presentation.
- This presentation has been prepared on the basis of information available in the public domain and is intended for guidance purposes only. This information is not comprehensive and has not been independently verified as to accuracy, or completeness by JHS.
- This presentation may not be used for any other purpose without the prior written consent of JHS.
- Neither JHS, nor any person associated with JHS will be responsible for any loss howsoever sustained by any person or entity who relies on this presentation. Interested parties are strongly advised to examine their precise requirements for themselves, form their own judgments and seek appropriate professional advice.
If you do not wish to receive this knowledge alert you may please write to us on connect@jhsassociates.in .If you have any questions or seek more clarity please write to us on connect@jhsassociates.in.
Copyright © 2020. JHS & Associates LLP, Chartered Accountants. All Rights Reserved
