Contradictory points solved for Paper 6D: 1. SARFAESI Act Section 31 - Provision not applicable where amt due less than ___ (20% or 25%) Opinion - Bare act and case study says 20%. Only ICAI module says 25%. But if you check ICAI Paper 4 Old course mat, it was 20%. It seems like an error in the 6D ICAI material Conclusion - Consider 20% for all purpose. 2. Section 3 of SARFAESI - Net owned fund of Rs. 2 crores or 100 crores: There is no contradiction here. Act says minimum NoF should be Rs. 2 crores or higher amount prescribed by RBI. RBI prescribed Rs. 100 crores 3. Competition Act - Notice to be sent to CCI in 30 days or 7 days? a. Whether it is 7 days or 30 days, there is a 5 years exemption from sending this notice w.e.f. 29th June 2017 (i.e., upto 29th June, 2022) b. Is it 7 days or 30 days - Here's the conclusion - It was 7 days until 2007. Then it was increased to 30 days till 2017. And then it was suspended for 5 years till 2022. So, the final answer would be 30 days. Again seems an error in ICAI 6D Mat. Apologies for having said 7 days in my revision video. Final answer - Notice to be given in 30 days
Sir exactly i was having same doubt....material 6d says 7 days notice t9 cci...and solution is given 30 days...anyways....thanks for clearing the doubt
Sir there's one correction... Exemption of 5 years is for the time limit of 30 days and not for sending notice. Notice is to be sent compulsory (given on page 1.42 of module)
@@ritikbomb yes, that's the correct view. Notice would be valid even if sent after 30 days but penalty under 43A shall still be imposed and the time limit of 210 days shall be reckoned from the actual date of such notice.
Doing this comment in mid of your video...your efforts💯...going to appear for grp 2 from Nov 10...kal fema padh ke extreme stress ho gaya tha ki yaar kaise hoga ye sab...after waking up I thought I should start competition bcs bada chapter hai..and started your video ...and literally I feel blessed..bcs confidence aa gaya..ab lag ra hai ki haan I can try for exemption aapki videos se FEMA, IBC, RERA, PMLA and obviously competition act karke atleast 70% syllabus me grip rahega because of you...baki 2 ko sambhal lenge.. #grateful #more and more success to you🙏🏻
Best Video for Competition Act... Fantastic Concept Clarity... Superb Presentation.... Excellent Linking of Sections.... Marvellous Method of in-depth Revision.... 🙏❤️.💯
Sir said, ghnta koi itna detail me revision video me explain karta hai. Its so true, i took special crash course of 10 days for eco law usme bhi upar upar se padhke hata diya faculty ne. But the way u revised everything abhi aisa lag raha hai ki competition act padha hai. So much of concept clarity in this video. Loved the way u managed to focus on knowledge as well as topics important for exams. Such a great lecture..
Had a blast watching this video ..😅😅 Some fadu punch lines..made me laugh at heart.." pura khatthak kr liya " ,"ye to open book h sidhe exam hall me book kholenge ", " itna to competition kavi nhi padha" ," RERA Bera sab khud kr lenge" 😂this video is epic..Thanks bhaiya..full clarity..❣️
sir apse hath jodke request h plzzzzz ki SARFAESI ka bhi revision video dal dena for paper 6D bcoz mene apke revision videos dekhe sab kuch samaj a raha h jabardast padhaya h so humble request 🙏🙏🙏
Doubt 6D Eco law ............Competition act me 6(4) ka exemption to bank , pfi, FII etc jo h vo sirf Notice and effective date of combination wale provisions se exemption h right??? Combination provisions are still applicable to these if they cross threshold u/s 5 and are not exempted through de minimis exemption or other exemption given in sec 5 on pg 1.40?
The limit of 50% or more to determine group was for 5 years from 4th March 2016 so it will not be applicable since notification period already over in 3.3.2021 correct me if I am wrong.
Sir notification group co. only if have 50% or above was given on 4th March 2016 for 5 years and 5 years have lapse already so why don't we consider 26% again ?
Contradictory points solved for Paper 6D:
1. SARFAESI Act Section 31 - Provision not applicable where amt due less than ___ (20% or 25%)
Opinion - Bare act and case study says 20%. Only ICAI module says 25%. But if you check ICAI Paper 4 Old course mat, it was 20%. It seems like an error in the 6D ICAI material
Conclusion - Consider 20% for all purpose.
2. Section 3 of SARFAESI - Net owned fund of Rs. 2 crores or 100 crores:
There is no contradiction here. Act says minimum NoF should be Rs. 2 crores or higher amount prescribed by RBI. RBI prescribed Rs. 100 crores
3. Competition Act - Notice to be sent to CCI in 30 days or 7 days?
a. Whether it is 7 days or 30 days, there is a 5 years exemption from sending this notice w.e.f. 29th June 2017 (i.e., upto 29th June, 2022)
b. Is it 7 days or 30 days -
Here's the conclusion - It was 7 days until 2007. Then it was increased to 30 days till 2017. And then it was suspended for 5 years till 2022. So, the final answer would be 30 days. Again seems an error in ICAI 6D Mat. Apologies for having said 7 days in my revision video. Final answer - Notice to be given in 30 days
Sir exactly i was having same doubt....material 6d says 7 days notice t9 cci...and solution is given 30 days...anyways....thanks for clearing the doubt
Sir there's one correction... Exemption of 5 years is for the time limit of 30 days and not for sending notice.
Notice is to be sent compulsory (given on page 1.42 of module)
@@ritikbomb yes, that's the correct view. Notice would be valid even if sent after 30 days but penalty under 43A shall still be imposed and the time limit of 210 days shall be reckoned from the actual date of such notice.
1st point in there in corrigendum issued by ICAI, they corrected it to 20%
3rd point also they corrected by corrigendum, it is 30 days
@@ritikamodi9942 yes i just saw corrigendum today they corrected. What sir said is exactly correct
Class starts at 10:20
Approx all like your video because you consider importance of time which sir not think
12:44
@@KS-ze6uy okk
Thank you
@@Krishna.4321 hahahaha true
1:21:31 Procedure for Combination.
Sec 6 Sec 29 Sec 30 Sec 31 will always work Together. Explained through Chart.
1:22:09 Please note that time period of notice to CCI is amended to 30 days. (Vetted from ICAI corrigendum)
🙏
Lol mcq me aaya aur suggested me icai ne 7 issue Kiya answer me 😂🤷 bhagwan jaane kya chahte hai
@@dhruvmodi1bhai tab answer 7 days hi aata tha. Lol... Tere interpretation galat hai
@@vishaljain192 kaise? BOD meeting se 30 days hi hoga na answer to
@@dhruvmodi1 haaa bhai. Par jab icai ne exam mai pucha tha na tab 7 days tha.. Before amendment ka question.. Paper dekha hoga aap ne.
By this Lecture you have Made an adverse effect on Competition.... 😂😂
Sara competition hi khatam kar diya... 😀Best video
Hahahaha.
But koi agreement nhi kiya kisi se. Aur consumer ka to fayda hi ho rha. To badhiya hi kiya.
1:04:40- sec- 4 summary
1:26:58 - Procedure for Combination summary
Doing this comment in mid of your video...your efforts💯...going to appear for grp 2 from Nov 10...kal fema padh ke extreme stress ho gaya tha ki yaar kaise hoga ye sab...after waking up I thought I should start competition bcs bada chapter hai..and started your video ...and literally I feel blessed..bcs confidence aa gaya..ab lag ra hai ki haan I can try for exemption aapki videos se FEMA, IBC, RERA, PMLA and obviously competition act karke atleast 70% syllabus me grip rahega because of you...baki 2 ko sambhal lenge..
#grateful
#more and more success to you🙏🏻
With consistency, i have reached at the level to watch his lectures on 2.5x with full understanding 😂💥
Goes the same with me😂😂
there is not a option for that speed in youtube😂
@@mohdyasirali7817 don't you understand downloaded lecturers??😂😂
😂😂
True 😂😂😂😂
1:05:10 Combination
After mining a lot for competition act revision
I conclude, this is the best one 😅
Ek Dam Jhakas , Best video on RUclips for competition Act 😍😍😍😍, Ab Sahb Dar Nikal gya competition act Ka 😍😍👌🏻👌🏻
Best Video for Competition Act...
Fantastic Concept Clarity...
Superb Presentation....
Excellent Linking of Sections....
Marvellous Method of in-depth Revision.... 🙏❤️.💯
Sir said, ghnta koi itna detail me revision video me explain karta hai. Its so true, i took special crash course of 10 days for eco law usme bhi upar upar se padhke hata diya faculty ne. But the way u revised everything abhi aisa lag raha hai ki competition act padha hai. So much of concept clarity in this video. Loved the way u managed to focus on knowledge as well as topics important for exams. Such a great lecture..
Correct same with me, i too faced same ! Sir just awesome
@@pavankumardube199 this is the kind of prep we need😉
20:13 anti comp. agreement
23:24 cartel
watching this once and going through modules and questions was really helpful thanks a lot.
Combination 1:00:00
1:24:00 check may 23 suggested answer 3.1 its 7 days.. icai still contradicting corrigendum
Thanks 🙏🏽 for your support 💕
Thank you Sir, the summary chart explanation is tabaahi🌊
13:30 starts
1:06:00 combination
Starts 13:30
Maza aa gaya sir padke
THANKS a LOT !!! Combination and baaki sections mai ab jaake clarity aaya hai
THANK YOU BOSS😇🤝 TOGETHER WITH YOU WE CAN AND WE WILL😇🤝🤗
49:35 imp case laws
1:25:00 section 6 timeline
Had a blast watching this video ..😅😅
Some fadu punch lines..made me laugh at heart.." pura khatthak kr liya " ,"ye to open book h sidhe exam hall me book kholenge ", " itna to competition kavi nhi padha" ," RERA Bera sab khud kr lenge" 😂this video is epic..Thanks bhaiya..full clarity..❣️
Thanks Shubham for this video. Really appreciable.
Sir, Please provide revision for SARFAESI and Benami Property Act Chapters!
Sir your explanation is damn good! Pahale darr lag raha tha Competition Act se but ye lecture ke baad sab clear ho gaya! Thank you so much 🙏
Soo trueee
Exemption for target entity at page 1.40 - changed from 5 to 10 years (Nov 22 ammendments)
Y
13:25 start
sir apse hath jodke request h plzzzzz ki SARFAESI ka bhi revision video dal dena for paper 6D bcoz mene apke revision videos dekhe sab kuch samaj a raha h jabardast padhaya h
so humble request 🙏🙏🙏
Ekdaam sedhi baat, no bakwaass!!!! You are our sprite.
super helpful!! classes wala quality hi h ye, lord shubham all the way up!!
Important points 1:04:45
Amazing Faculty, Thank you Sir!
Best lecture !!
Thanks for putting heart and soul in it. Thanku so much.😊
Seriously thank you.... God bless you 🙏🙏🙏
combination starts 1:06:00
Thanks
Thankyou sir, really appreciate your efforts❤️
Thanks to so much sir most benefit this technical chepter make easy and more benefit in today 's paper caselaw samsher 😀
Thank u for exemption from combination and group definition
1:20:10 limit changed to 10 years
1:21:28 - 1:36:15
1:38:50
Hats off to you sir🙏
Class started at 10:20, I couldn't watch it more more than a minute. Please, you don't need to shout in our ears.
Sir really helpful this lecture.. ❣️🤗🤗🙏..
Thank u so much sir 🙏
Hats of to you brother!!! Really helped in revising it
56:39 Belaire Case Law
Was searching for this comment. Thanks
Doubt 6D Eco law ............Competition act me 6(4) ka exemption to bank , pfi, FII etc jo h vo sirf Notice and effective date of combination wale provisions se exemption h right??? Combination provisions are still applicable to these if they cross threshold u/s 5 and are not exempted through de minimis exemption or other exemption given in sec 5 on pg 1.40?
Extraordinary Lecture
The way u teaches is osm...plz upload video on SARFAESI Act as well. :)
Start : 12:42
00:42:18 For you
This vedio will stay on youtube ,, bina kisi deri ka 🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨🟨
Starts at 13:30
Thank You So Much Sir for this amazing lecture !
Best lecture for concepts clarification
Thanks sir
I have never seen any teacher with this level of indepth clarity in Law
Saying this not solely on the basis of this
Thank you so much 🖤 💙 sir. Appreciate your efforts
Great summarisation of concepts!! Also wanted to ask you whether you could upload a revision lect of SARFAESI as well?
Thankyou so much ur revision lecture helped me alot❤️
Sir, Sarfaesi or benami act ka bhi revision video de dijie please. These videos are really helpful.
You can refer the corrigendum released by ICAI for corrections in ICAI module
35:40 Horizontal agreement
Thanks for this wonderful video sir
You're welcome
Do share with your friends and help me reach out to more students.
All the best :)
Stat 13:30
Sir, just one Lil correction penalty is on "relevant" turnover decided in excel corp care case
Thank you very much Sir. Hasee mazaak mein Ye sardard jaise chapter ko efficiently aur effectively khatm kardiya😇🙏
Thank you so much sir
Thank u very much sir!
Thanks Harsh.
All the best for your exams.
Do share with your friends and help me reach out to more students.
1:04:00 1:26:00
12:42 revision starts
Watched this twice. I hope I get good marks in tomorrow's exam 🤍
How was your exam..??
Itna achase kabhi nhi samjha tha sir.
It's so so interesting.
Majaa agya. Thanks a ton.👏
Bhai ne zabardast revision karwaya hai🚀
Bhaiya pura dhuan dhuan kar diye ilaka thank you
What a comment! Supebb
World best teacher of Law
Competition act applies including Jammu and Kashmir or excluding J&K?
Thank you so much !! Really helpful for concept clarity !💯
Sir Bahot achhe se aap ne samjhaye h.
thank you so mich sir
Thank you so much sir 💖
Shandaar jabardast Zindabaad sir🙏
Thank you sir for your efforts!!❤️
Really Helpful ..Thank you so much sir !!❤
The limit of 50% or more to determine group was for 5 years from 4th March 2016 so it will not be applicable since notification period already over in 3.3.2021 correct me if I am wrong.
Yes that's correct
@@your_buddyCA Thanks you sir
sirr ek dum mazedar revision ..
Really helpful sir.
Thankyou so much
Thanks sir... Too helpful.
Sir notification group co. only if have 50% or above was given on 4th March 2016 for 5 years and 5 years have lapse already so why don't we consider 26% again ?
45:00
1:13:00
Sir 210 days time limit for order in sec 6 and 90 days after public notice limit for order by cci which is to be complied with ?
Sir 7 days n 30 days notice time period ek baar or clear kr do .. kyuki new model k ek corrigendum diya hai usme 30 days hi mention hai
Sir please if you don't mind please provide the lectures in English so that we can catch the subject very easily
Love you Sir
Sir Jo 7/30 days ka confusion hai for that on page 1.42 notification 2039(E) it is clarified that it exempts to file in 30 days instead of 7 days
+1
@@mahimaghelani8225 ya icai has given a case study also on that so its 30 days only
Sir what is the difference between 210 and 90 days limit...like in case study 7 icai haven't used 90 days limit. Why?
Sir
CCI ko Notice Dene ka time limit u/s 6 CMA module me 30 days hai to kya follow karna 7 days or 30 days
49:48 case laws