This article is a critical analysis of the recent judgment of NCLAT i.e., in the matter of Shah Brothers Ispat Pvt. Ltd. Vs. P. Mohanraj & Ors.-Company Appeal (AT) (Insolvency) No. 61 of 2018 wherein it has been held that moratorium will not be applicable to action under section 138 of the Negotiable Instruments Act, 1881.
The rumors or expectations of inclusions and exclusions from Goods and Services Tax (GST) net have its toll on stock market prices of liquor manufacturing companies. And it work both ways to raise or lower the stock market prices of these companies. This was witnessed recently in stock market behavior of alco-beverages companies.
Why the fear of a financial crisis? The severity of the sell-off in China’s equity and foreign exchange markets over the past couple of months and the gravity of the external (prospects of a protracted trade war with the US) and domestic problems (its mounting debt pile) weighing on the Chinese economy have once again become a focal point of market anxiety with unsettling flashbacks to the 2015 crisis.
‘Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting’ (MLI for short) is the official title of the multilateral treaty framework that aims to prevent BEPS. Base erosion and profit shifting (BEPS) refers to artificially shifting profits to low or no-tax locations where there is little or no economic […]
Indian Professionals (particularly CAs) have come a long way in building successful outsourcing businesses in the areas of Accounting, Tax, Finance and other allied areas. Thanks to internet, social media growth, digitisation, cloud computing etc., the way business is done is constantly evolving.
Extension of the last date for submission of examination application forms in respect of CA exams to be held in November 2018, for candidates in Kerala only. Extension of the last date for submission of examination application forms in respect of CA exams to be held in November 2018, for candidates in Kerala only In […]
Promotion of 138 Income Tax Officers in the grade of Assistant Commissioner of Income Tax on ad-hoc basis vide Order No. 137 of 2018 Dated- 23rd August, 2018.
The Union Minister, Shri Arun Jaitley today resumed the charge of the Ministries of Finance and Corporate Affairs after a gap of more than three months.
The Insolvency and Bankruptcy Board of India (Board) issued a show-cause notice (SCN) dated 18th December, 2018 to Mr. Dinkar T. Venkatasubramanian, Ernst & Young LLP, Golf View Corporate Tower B, Sector 42,Gurugram,Haryana, 122002, who is a Professional Member of the Indian Institute of Insolvency Professional of ICAI and an Insolvency Professional (IP) registered with the Board having registration number IBBI/IPA-001/IP-P00003/2016-17/10011 in respect of authorising E & Y LLP to raise invoices for his fee and other out of pocket expenses for work undertaken by him as an Interim Resolution Professional (IRP) and Resolution Professional (RP) in the matter of JEKPL Private Limited [Company Petition No. 24/Ald/2017] for violation of the provision of section 5 (13) of the Insolvency and Bankruptcy Code, 2
ICAI decided to exclude audit conducted under section 44ADA of Income-tax Act, 1961 for reckoning the specified number of tax audit assignments
