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Saturday, 19 December 2020

19 December 2020 Updates

πŸ‘‰πŸ»Email ID to register grievance under Faceless Assessment Scheme
(Exclusive email ID- "feedback.notice.neac@incometax.gov.in" enabled to register grievance regarding S. 142(1) notices (including roving questionnaires) issued under the Faceless Assessment Scheme)
πŸ‘‡πŸ» πŸ‘‡πŸ» πŸ‘‡πŸ»
http://bit.ly/3alpunf

πŸ‘‰πŸ»GST - ITC Claims auto-populated in GSTR-3B
(Big Relief in GSTR-3B, GSTN enables auto-populated GSTR-3B return, GST - ITC Claims auto-populated in GSTR 3B.)
πŸ‘‡πŸ» πŸ‘‡πŸ» πŸ‘‡πŸ»
https://bit.ly/3msJ4Aj

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LEGAL-KNOWLEDGE CAPSULE

✒ Supreme Court stays Andhra Pradesh High Court's "disturbing" order to examine "breakdown of constitutional machinery" in Andhra pradesh.

✒ Supreme court has ruled that the Muslim women declaring triple talaq among muslims as *illegal , did not take away a person's right to seek anticipatory bail* from a competent court.

✒ Delhi High Court has held that pending disciplinary proceedings and absence of eyewitness do not diminish credibility of woman alleging sexual harassment at work place .
 
✒ Madras High court orders interim ban on sale of edible oil in loose packets also suggests punishing *ood adulterers under Goondas Act .
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MCA Updates
Dated 18.12.2020

1. Companies (Compromises, Arrangement and Amalgamations) Second Amdt Rules 2020
http://www.mca.gov.in/Ministry/pdf/SecondAmdtRules_18122020.pdf

2. Companies (Appointment and Qualification of Directors) Fifth Amendment Rules 2020
http://www.mca.gov.in/Ministry/pdf/FifthAmdtRules_18122020.pdf
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⚫On the back of softer than expected economic contraction in the July- Sept quarter, around 15 major agencies, banks, and research firms have lowered their forecast of negative GDP growth for the full year. SBI also forecast a GDP growth of 0.1% for the Oct-Dec quarter. Positive momentum of various economic indicators including RTO transactions, revenue collection, revenue earning of freight traffic, weekly food arrival, petrol and diesel consumption continued in Nov. Even the business activity index which is based on high frequency indicators shows improving momentum after a modest decline in the week of Diwali.
⚫PM reiterated his earlier accusations against the Opposition about stoking the ongoing farmers protests.The PM requested other political parties with folded hands to keep all the credit for the farm laws and said he just wants ease in the life of farmers.
⚫The RBI has extended the restrictions on the troubled Punjab and Maharashtra Cooperative Bank by three months till March 31, 2021.The bank has informed RBI that it has received four proposals from investors to revive the bank in response to the EoI it had invited.
⚫Hackers from China targeted millions of Indians with shopping scams during the e-commerce festive season sales in Oct & Nov.The hackers created bogus links and asked internet users to click on them to participate in online contests and win prizes. The links were distributed through WhatsApp messages and it is believed they have been sent to many people. Some of these scam contests imitated the actual sales campaigns run by Amazon and Flipkart to make them look genuine and trick the consumers.
⚫The CBI has booked Hyderabad based Transstroy (India) Ltd and its directors for alleged bank fraud of over Rs 7926 crore in a consortium led by Canara Bank.

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πŸ“„πŸ’‘MCA Notification: CARO, 2020 Applicable w.e.f. 01.04.2021 – πŸ“MCA Notification

https://enlightengovernance.blogspot.com/2020/12/caro-2020-applicable-wef-01042021-mca.html
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