FSSAI registration is one of the most important registration requiredby every person involved in the food business, such as persons who wish to open a restaurant, bakery, hotel, cloud kitchen or food stall in India. Every Food Business Operator (FBO), such as entities or persons involved in manufacturing, preparation, selling, transportation, distribution and storage of food articles/products, are also […]
The RBI has announced that to consolidate existing reporting frameworks for various types of foreign investment in India, it will introduce a Single Master Form (SMF) covering all available reports. The Reserve Bank is launching an online application, FIRMS (Foreign Investment Reporting and Management System), which will provide SMF. This article will discuss the registration
Indian Customs Electronic Commerce or Electronic Data Interchange (EC/EDI) Gateway (ICEGATE) is a government portal that provides e-filings facilities to trade and cargo carriers and other clients from the Customs Department. ICEGATE links 15 broad types of partners with Customs EDI through message exchanges that lead to faster Customs Clearance and facilitates EXIM Trade.ndian Customs and Central
Introduction to GST Frauds GST (Goods and Services Tax) has been a revolutionary change in the Indian taxation system, simplifying a myriad of indirect taxes into a unified framework. However, this system has also opened new avenues for fraudulent activities, popularly known as GST frauds. These illicit practices not only hamper the government’s revenue but
Application against decision of resolution professional. (1) The debtor or the creditor who is aggrieved by the action taken by the resolution professional under section 86, may, within ten days of such decision, make an application to the Adjudicating Authority challenging such action on any of the following grounds, namely: – (a) that the resolution professional has not given an opportunity to the debtor
Objections by creditor and their examination by resolution professional (1) Any creditor mentioned in the order of the Adjudicating Authority under section 84 to whom a qualifying debt is owed may, within a period of ten days from the date of receipt of the order under section 84, object only on the following grounds, namely: – (a) inclusion of a debt as a qualifying debt; or (b)
Effect of admission of application (1) On the date of admission of the application, the moratorium period shall commence in respect of all the debt s. (2) During the moratorium period – (a) any pending legal action or legal proceeding in respect of any debt shall be deemed to have been stayed; and (b) subject to the
Admission or rejection of application by Adjudicating Authority (1) The Adjudicating Authority may within fourteen days from the date of submission of the report by the resolution professional, pass an order either admitting or rejecting the application made under sub-section (1) of section 81. (2) The order passed under sub-section (1) accepting the application shall state the amount which
Examination of application by resolution professional. (1) The resolution professional shall examine the application made under section 80 within ten days of his appointment, and submit a report to the Adjudicating Authority, either recommending acceptance or rejection of the application. (2) The report referred to in sub-section (1) shall contain the details of the amounts mentioned in the application which
Appointment of resolution professional (1) Where an application under section 80 is filed by the debtor through a resolution professional, the Adjudicating Authority shall direct the Board within seven days of the date of receipt of the application and shall seek confirmation from the Board that there are no disciplinary proceedings against the resolution professional who has submitted such application. (2) The Board shall communicate to the Adjudicating Authority in
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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9971782649
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