PTI
Chartered Accountant ( 公認会計士) (공인 회계사 )(CONTABILISTAS) (CONTADORES PÚBLICOS) (ДИПЛОМИРОВАННЫЕ БУХГАЛТЕРЫ СЧЕТОВОДИТЕЛИ) (会计师事务所) (COMPTABLES CHARTERES) (WIRTSCHAFTSPRÜFER) (сметководители) (MUHASEBE MÜTEAHHİTLİĞİ) (محاسبون قانونيون) (CHARTERED AKUNTAN)(Geoktrooieerde Rekenmeesters)(registeraccountants)(RAGIONIERI REGISTRATI)חשבונות רואי חשבון) (This blog is non-commercial and is used here to put important news only for the educational purpose of Students doing CA and CS.
Saturday, November 27, 2021
Putin to visit India on December 6 for summit talks with Modi
Elon Musk's Starlink barred in India from accepting orders for its broadband services -ET BureauLast Updated: Nov 27, 2021, 06:20 AM IST
Friday, November 26, 2021
Modi says India can’t forget wounds of 26/11 attacks; MEA summons Pak diplomat The attacks on Mumbai by a 10-member squad of Lashkar-e-Taiba (LeT) terrorists, which began on November 26, 2008, resulted in the deaths of 166 people, including 26 foreign nationals
“India can’t forget the wounds of the Mumbai attacks. Now, today’s India is combating terrorism with a new policy and new ways,” Modi said, speaking in Hindi, in a brief video on the attacks posted on Twitter by the external affairs ministry’s spokesperson.
“I pay my homage to all those who died in the Mumbai attacks. Many brave police personnel were martyred in this attack. I also pay homage to them,” Modi said.
A senior diplomat of the Pakistani high commission in New Delhi was summoned by the external affairs ministry and handed a note verbale, or unsigned diplomatic correspondence, “reiterating India’s call for an expeditious trial in the Mumbai terror attacks case”.
The note also called on the Pakistan government “to abide by its commitment to not allow territories under its control for terrorism against India”, according to a statement from the foreign ministry.
“It is a matter of deep anguish that even after 13 years of this heinous terror attack, the families of 166 victims from 15 countries across the globe still await closure, with Pakistan showing little sincerity in bringing the perpetrators to justice,” the statement said.
“The 26/11 terrorist attack was planned, executed and launched from Pakistani territory. The former Prime Minister of Pakistan had gone on record and admitted that the terrorists were sent from Pakistan’s soil,” the statement said, in a reference to former premier Nawaz Sharif.
“We once again call on the government of Pakistan to give up double standards and to expeditiously bring the perpetrators of the horrific attack to justice. This is not just a matter of Pakistan’s accountability to the families of the innocent victims who fell to terrorists, but also an international obligation,” it said.
“The government of India will continue to make every effort to seek justice for the families of the victims and the martyrs,” it added.
The video said victims of the terror attacks “from India and across the world await justice”. It included images of the assault on Mumbai’s iconic Taj Mahal Palace Hotel and tributes to security personnel killed in the attacks.
Footage of world leaders such as former UN secretary-general Ban Ki-moon condemning the attacks and paying tribute to victims during visits to Mumbai were included in the video. Among the leaders featured in the video were former US president Barack Obama, the duke and duchess of Cambridge, Belgium’s King Philippe, and UK foreign secretary Liz Truss.
The foreign ministry’s statement said the government and people of India remembered victims of the “dastardly attack” on the 13th anniversary of the event. The president, the prime minister and the external affairs minister, in separate messages, expressed firm solidarity with the families of victims.
A memorial event was organized by Maharashtra government at the Police Memorial in Mumbai.
Indian missions in the 14 countries whose nationals were killed in the Mumbai attacks also organised memorial events for the victims and reminded the world of the continuing global threat of terrorism. Senior government representatives from the host governments, relatives of victims and survivors were expected to participate in these events.
Hindustan Times :-Used here for educational purposes only.
Tuesday, November 23, 2021
Exclusive: India may restrict international workers from partially withdrawing social security deposits The move, the government believes, will check fund outflows and promote bilateral totalisation agreements, apart from protecting social security rights of Indian professionals working abroad. PRASHANT K NANDA NOVEMBER 23, 2021 / 05:04 PM IST
Representative Image (Image Source: Reuters)
India is thinking of barring international workers from partially withdrawing social security contributions like Employees’ Provident Fund (EPF) deposits before reaching the largely accepted retirement age of 58 to plug a drain on funds and push countries to sign totalisation agreement with India.
The move is aimed at countries with which India does not have a social security agreement (SSA), popularly called totalisation agreement. A totalisation agreement is key to avoid double taxation on professionals who work in other countries. India has been arguing that while international workers are allowed to withdraw up to 90 percent of their social security deposits in India, Indian workers like IT professionals working abroad face double taxation and cannot access their contributions to retirement funds while coming back.
The restriction, the government believes, will check the drain of funds and promote bilateral agreements. India has bilateral SSA agreements with 20 countries including Germany, France, Australia, South Korea and Japan. It is yet to enter into a similar agreement with several other countries including the US, despite years of negotiation.
“Of late, it has been noticed that a loophole that could not be envisaged has been used to withdraw funds before attaining the age of 58 years, using various provisions of the advances under the EPF schemes. For example, international workers from non-SSA countries can withdraw up to 90 percent of their PF balances as partial withdrawal under para 68B of the EPF scheme,” a document prepared by the Union labour ministry-controlled Employees’ Provident Fund Organisation (EPFO) said.
“This above practice defeats the very purpose of encouraging SSAs on a reciprocal basis between countries, thereby hurting the long-term goal of the Government of India in protecting the rights of Indian citizens so that they are not at a disadvantage when abroad and contributing well to their economies,” said the documents, a copy of which has been reviewed by Moneycontrol.
The issue was taken up at the recent board meeting of the EPFO, which suggested that amending the EPF scheme by inserting a new clause called “Para 68P” can serve the purpose underlining that “international workers from the non-SSA countries shall not be eligible for withdrawals and advances” under several clauses “that allow partial withdrawals”.
The government document underlines how Indian workers while taking up employment abroad are mandated to get social security contributions deducted in the countries of their posting, but the contribution is locked in for a certain number of years.
“It is seen that a large number of Indians are deputed for shorter periods and, hence, are unable to complete the qualifying prescribed period. Consequently, the social security benefits/money in lieu of the contributions made are forfeited. This leads not only to the loss of their hard-earned money but also social security cover,” the government document underscored.
The EPFO meeting agenda also stressed that “international workers from the non-SSA countries shall not be eligible for withdrawals and advances” under several clauses “that allow partial withdrawals” on account of children's education, buying house, certain illness, etc.
Michael Dias, a board member of the EPFO, confirmed that such an item was on the agenda tabled at the meeting. “During the meeting I said, the issue needs to be thoroughly discussed before any decision is taken. And also, the EPFO and the labour ministry must seek responses from the Union law ministry to avoid any discrimination,” said Dias, who is also managing partner of Michael Dias & Associates, a law firm.
“Some views have come and the issue will be deliberated in detail further,” said a government official who asked not to be identified. The person, however, underlined that SSA is a requirement and the government has every right to protect the interest of its citizens working abroad.
According to a 2020 report by the Confederation of Indian Industry (CII) and the United States India Business Council (USIBC), Indian companies operating in the US pay approximately $1 billion towards social security in that country, which is only redeemable after 10 years.
USED HERE FOR EDUCATIONAL PURPOSES ONLY.
Monday, November 22, 2021
GTL INFRASTRUCTURE LIMITED CASE VIDE DIARY NO, 7319-2020 NOW LISTED FOR 29.11.2021-DATE AFTER DATE
Diary No. | Year | |||
---|---|---|---|---|
Diary No.- 7319 - 2020
GTL INFRASTRUCTURE LIMITED vs. CANARA BANK
Diary No. | 7319/2020 Filed on 22-02-2020 12:03 PM PENDING [SECTION: IX] |
Case No. | SLP(C) No. 005256 - / 2020 Registered on 26-02-2020 (Verified On 29-02-2020) |
Present/Last Listed On | 22-11-2021 [HON'BLE MR. JUSTICE UDAY UMESH LALIT and HON'BLE MR. JUSTICE S. RAVINDRA BHAT] [CL.NO. : 0] |
Status/Stage | Pending - (Motion Hearing [DISPOSAL/FINAL DISPOSAL AT ADMISSION STAGE - CIVIL CASES]) List before court/bench (at 2 p.m.), List On (Date) (29-11-2021)-Ord dt:22-11-2021 |
Tentatively case may be listed on (likely to be listed on) | 29-11-2021 (Computer generated) |
Category | 1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998 |
Act | |
Petitioner(s) | 1 GTL INFRASTRUCTURE LIMITED |
Respondent(s) | 1 CANARA BANK 2 CORPORATION BANK 3 INDIAN BANK 4 VIJAYA BANK 5 IDBI BANK 6 LIFE INSURANCE CORPORATION OF INDIA 7 EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED |
Pet. Advocate(s) | RANJEETA ROHATGI[P-1] |
Resp. Advocate(s) | SARVESH SINGH[R-1] S. S. SHROFF[R-7] M. V. KINI & ASSOCIATES[R-6] |
U/Section |
Sunday, November 21, 2021
What documents should we check before buying any land? Source Quora
Once you decide to buy a plot, make sure you have all documents in place. Without these, your purchase will be delayed. Having all the proper legal documentation will help protect your land and home from any disputes in the future. Consult a lawyer to help you with every step of the documentation process.
Most of the required documents can be grouped into two types - legal and personal.
Legal documents: These documents are essential, and missing even one of these can result in a delay in purchase.
They include: -
Mother Deed: This is taken from the seller. The Mother Deed is the main document to determine ownership of the property. It traces the land’s chain of ownership and provides information about the history of the plot.
Sales Deed: The Sales Deed records the transfer of land ownership from the seller to the buyer. You can get it validated at the sub-registrar's office.
Power of Attorney(POA): If the seller of the land is not the owner, they should have a Power of Attorney that authorizes them to sell the plot. Always check the Power of Attorney when buying from any seller.
Encumbrance Certificate: An Encumbrance Certificate documents all the transactions related to the land. It serves as proof that the land you are buying is free of any monetary or legal bindings. It is obtained from the sub-registrar’s office where land is registered.
Katha certificate: A Khata Certificate is necessary to obtain a building license. It contains property details like location, size, built-up area etc. and is necessary for the payment of property tax and to obtain a building license. It is obtained from the Assistant Revenue Officer.
Land Clearance: If you wish to convert agricultural land to non-agricultural land this certificate becomes very essential.
Record Of Rights (ROR) certificate: It is obtained from the Tehsildar’s office
Personal documents: Personal documents are purely for verification purposes: Aadhar, Voter ID card and PAN card.
Things to keep in mind:
In case the seller is not the owner, check the ‘power of attorney’ document.
To make sure measurements mentioned by seller are accurate, get a survey sketch of the land from Survey Department.
If there are more than one owner, make sure to get ‘release certificate’ from all owners.
Friday, November 19, 2021
Tuesday, November 9, 2021
GTL INFRA CASE VIDE DIARY NUMBER 7319-2020 LISTED NOW FOR 12 NOV 2021
Diary No. | Year | |||
---|---|---|---|---|
Diary No.- 7319 - 2020
GTL INFRASTRUCTURE LIMITED vs. CANARA BANK
Diary No. | 7319/2020 Filed on 22-02-2020 12:03 PM PENDING [SECTION: IX] |
Case No. | SLP(C) No. 005256 - / 2020 Registered on 26-02-2020 (Verified On 29-02-2020) |
Present/Last Listed On | 08-11-2021 [HON'BLE MR. JUSTICE UDAY UMESH LALIT and HON'BLE MR. JUSTICE S. RAVINDRA BHAT] |
Status/Stage | Pending - (Motion Hearing [DISPOSAL/FINAL DISPOSAL AT ADMISSION STAGE - CIVIL CASES]) List On (Date) (12-11-2021)-Ord dt:08-11-2021 |
Tentatively case may be listed on (likely to be listed on) | 12-11-2021 (Computer generated) |
Category | 1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998 |
Act | |
Petitioner(s) | 1 GTL INFRASTRUCTURE LIMITED |
Respondent(s) | 1 CANARA BANK 2 CORPORATION BANK 3 INDIAN BANK 4 VIJAYA BANK 5 IDBI BANK 6 LIFE INSURANCE CORPORATION OF INDIA 7 EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED |
Pet. Advocate(s) | RANJEETA ROHATGI[P-1] |
Resp. Advocate(s) | SARVESH SINGH[R-1] S. S. SHROFF[R-7] M. V. KINI & ASSOCIATES[R-6] |