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FNB News - Under FoSCoS, FBOs need to file annual return online only - Vimarsana News

FNB News - Under FoSCoS, FBOs need to file annual return online only

Monday, 28 December, 2020, 08 : 00 AM [IST] Ashwani Maindola, New Delhi The FSSAI has ordered that the mandatory filing of annual returns by the food businesses shall be done ‘online’ only by next fiscal, as the food licensing and registration system of the apex food regulator has now migrated to the Food Safety Compliance System (FoSCoS). FoSCoS is entirely a ‘cloud’ based online system that would be a one-stop ‘Compliance Portal’ for Food Safety and will incorporate modules for functional needs such as advanced MIS, integration with ...

Entries In Balance Sheet Do Not Amount To Acknowledgment Of Debt Under Sec 18 Limitation Act : NCLAT Declines Reference Against 'V Padmakumar' Decision - Vimarsana News

Entries In Balance Sheet Do Not Amount To Acknowledgment Of Debt Under Sec 18 Limitation Act : NCLAT Declines Reference Against 'V Padmakumar' Decision

Kanthi Narahari and Background In September this year, a bench comprising Justice Jarat Kumar Jain, Member (Judicial), Justice Balvinder Singh, Member (Technical) and V.P Singh, Member (Technical), opined that the majority decision in V Padmakumar was rendered ignoring several precedents laid down by the Supreme Court and many High Courts. This issue arose while considering an appeal filed by the corporate debtor against the order passed by the adjudicating authority admitting the insolvency petition filed by a consortium of lenders. The corporate debtor contended that the application...

Source: livelaw.in