Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
IBBI amended its Inspection and Investigation Regulations 2017 through powers under IBC sections 196, 217-220, and 240. The amendment introduces a clarification to regulation 2(1)(c) by inserting an explanation defining "associated" in the context of investigations and inspections. The term now specifically means involvement in conducting investigations/inspections, considering investigation/inspection reports, or issuing show cause notices. The amendment, effective upon official gazette publication, aims to provide clearer interpretation of associative roles in regulatory oversight processes. This modification enhances regulatory clarity regarding personnel involvement in IBBI's investigative functions.
IBBI amended its Inspection and Investigation Regulations 2017 through powers under IBC sections 196, 217-220, and 240. The amendment introduces a clarification to regulation 2(1)(c) by inserting an explanation defining "associated" in the context of investigations and inspections. The term now specifically means involvement in conducting investigations/inspections, considering investigation/inspection reports, or issuing show cause notices. The amendment, effective upon official gazette publication, aims to provide clearer interpretation of associative roles in regulatory oversight processes. This modification enhances regulatory clarity regarding personnel involvement in IBBI's investigative functions.
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