KHC OnLine Law’s Post

Succession Act S.63 – Adoption of sealed cover procedure under S.42 of Registration Act is not sufficient to prove the due execution and attestation of disputed Will 2024 KHC OnLine 746

Query regarding communication issued by CGST department with an invalid Document Identification Number (DIN) 1. Circular No. 122/41/2019-GST dated 05/11/2019 and Circular No. 128/47/2019-GST dated 23/12/2019 issued by the GST-Investigation Wing of the CBIC state that any specified communication which does not bear the electronically generated DIN and is not covered by the exceptions mentioned in para 3 of Circular No. 122/41/2019-GST, shall be treated as invalid and shall be deemed to have never been issued. 2. A Show Cause Notice has been issued under Section 73 of the CGST Act by the CGST department bearing a DIN. However, upon checking the validity of the said DIN on the CBIC website, the status is coming as "Entered DIN is incorrect!". In such a case, whether the said Notice shall be treated as invalid and shall be deemed to have never been issued? Views of the readers are invited. #kcrkcollp #DIN #SCN #GST #MBF

Power under Section 156 (3) of CrPC [ Section 175(3) of BNSS] is a discretionary power to be used sparingly and Judiciously; If evidence is well within the reach & power of Complainant, registration of FIR is not required!

Exciting update from the #DIFC! 🚀 The Dubai International Financial Centre (DIFC), one of the leading financial hubs in the MEASA region, has announced significant amendments to its Prescribed Company (PC) Regulations which are likely to increase the use of this form of holding company by businesses around the world. #Clara is here to help you navigate these changes seamlessly. Key updates: 🔹 Expanded Eligibility: Establishing a PC now includes more eligibility scenarios, such as entities controlled by GCC citizens, those holding GCC registrable assets, and those established for a “qualifying purpose”. Companies anywhere in the world can also establish a PC provided they appoint a director from a DFSA-registered Corporate Service Provider (CSP), such as Clara. 🔹 Enhanced Compliance: DIFC is updating AML procedures to handle increased demand while maintaining a robust legal framework. Clara ensures you stay compliant with these updates. 🔹 Streamlined Usage: PCs must be used solely for their qualifying purpose or as holding company vehicles. 🔹 Commercial Package: Reduced fees and flexible licensing for qualifying applicants, including existing PCs. These changes to the PC Regulations may set the stage for the PC to become a strong alternative to ADGM, Cayman or Singapore holding companies for businesses operating from emerging markets. Contact us for more information about how these changes can benefit your business! 🌟 Read the full story here: https://lnkd.in/de-C9vaC #DIFC #Clara #RegulatoryUpdates #Compliance #CorporateStructuring #Dubai  

Latest amendment related to CIRP regulations has been published as on 24 Sep 24 Deals with Reg12(2) and changes in Model timeline and Regulation 16 A for Choice of AR.

#DIFC announces enactment of updated Prescribed Company Regulations. The DIFC Prescribed Company (PC) Regulations, initially enacted in 2019 and updated in 2020 and 2022, are now being further expanded to meet the growing demand. With the introduction of #UAE #CorporateTax, substance requirements are less of a concern, allowing DIFC to open up the PC regime to a global base of applicants while maintaining strong ties to DIFC and the #GCC. Read more: https://lnkd.in/de-C9vaC #PrescribedCompanyRegulations

#DIFC has announced the enactment of updated Prescribed Company Regulations, allowing DIFC to open up the PC regime to a global base of applicants, including for family wealth and estate planning #GCC #familywealth Read more: https://lnkd.in/de-C9vaC #PrescribedCompanyRegulations

The Prescribed Company Regulations (PCR) were enacted in 2019 and were further updated in 2020 and 2022. In both cases to expand the regime to a wider base of applicants. Despite these amendments, DIFC has been met with continued demand to further expand the regime. DIFC has sought to balance the objective of operating as a jurisdiction of substance against demand for access to special purpose style vehicles used for legitimate structuring purposes and transactions. With the introduction of UAE Corporate Tax, concerns around substance requirements are reduced and DIFC is of the view that further expansion of the PC regime is now appropriate. The updated PCR came into effect on 15 July 2024, and can be accessed via DIFC’s Legislative Database. For a confidential discussion on the new legislation and how your business might be able to benefit from the same, please DM me or contact me at david.pang@dentons.com

#dgft has issued a trade notice regarding the submission of  Aayat Niryat Forms (ANFs) and Appendices online #dgft #tradenotice #anf #online #update #Ticklerdiem #TD #NMJ

CrPC S.173 – Charge sheet should comply with the statutory requirements, and various details prescribed therein should be included in the report  2024 KHC OnLine 6251