"22 March 2021" Archive - Page 2

NSE/BSE Membership & Inspection Compliance Calender For TM

NSE/BSE Membership & Inspection Compliance Calender For Trading Members (TM). Compliance includes Daily Compliance which include Daily MTR File Uploading, Weekly Compliance which includes Enhanced Supervision-Weekly data submission towards monitoring of client funds, Holding statement, Client Level Cash & Cash Equivalent Balances,...

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Posted Under: Corporate Law |

Companies (CSR Policy) Amendment Rules, 2021-Analysis

The purpose of CSR is to ensure that corporates give back to the community as they are using the social resources. CSR is extremely important for sustainable development of all stakeholders. India is the only country which has regulated and mandated CSR for some select categories of companies registered under the companies act. The CSR [&...

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Posted Under: Corporate Law |

SEBI announces modified framework for BCP and DR

Circulars:- SEBI/HO/MRD1/DTCS/CIR/P/2021/33 22/03/2021

With advancement in technology and improved automation of processes, it was felt that the extant framework needs to be re-examined with a view to reducing the time period specified for moving from Primary Data Centre (PDC) to DRS....

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Weekly newsletter from Chairman, CBIC, Dated: 22.03.2021

D.O.No.59/CH(IC)/2020 22/03/2021

The week gone by had begun on a positive note. A Departmental Screening Committee meeting was held for ad-hoc promotions from the grade of Senior Translator to the grade of Assistant Director (Official Language). Due to this, 14 officers are likely to get promoted as AD (OL)....

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Provisional list of IPs for appointment as Administrator

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA Guidelines for Appointment of IPs as Administrators under the SEBI (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018. Provisional list of IPs prepared in accordance with ‘Guidelines for Appointment of IPs as Administrators under the SEBI (Appointmen...

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Posted Under: Corporate Law |

Reassessment based on Invalid Facts with no Application of Mind is Invalid

M/s Aash Trading Company Pvt. Ltd. Vs ITO (ITAT Delhi)

M/s Aash Trading Company Pvt. Ltd. Vs ITO (ITAT Delhi) We find that AO in the reasons recorded has mentioned that Rs. 75 lacs on account of accommodation entry has been escaped, however, he had issued noticed u/s. 148 of the Act to the assesee. In response to the same, assessee filed the objection which […]...

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Finalisation of Accounts – illustrative list of GST reconciliations

To ensure that there are no major/ material misstatements, it is imperative that an auditor checks compliance with GST laws and rules even during the finalisation and audit of the Financial Statement under other statutes. It will not be out of place to state that the auditor should broadly review the reconciliation items for differences [...

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Posted Under: Corporate Law |

Detailed Scripture on Chartered Accountants Benevolent Fund (CABF)

In this scripture there are two fictional characters, Avinash who is recently qualified CA who and pursuing job after obtaining membership of ICAI and the second character is Mohit who is a practicing CA. Due to lack of awareness of welfare kind of activities of ICAI through funds etc., Avinash thinks that no effort is […]...

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Posted Under: Corporate Law |

RCM on Ocean freight- Part 2- FOB contracts of Import

This part 2 will deal with FOB contracts of import, in which Freight component is separate and identifiable, as it is not included in the value of goods. The Importer pays the freight to the Shipping Line either directly or through his appointed CHA (Clearing House Agent), which is subject to RCM u/s 5(3) of the IGST Act, 2017....

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Posted Under: Corporate Law |

Unclaimed Dividends Recovery of Bajaj Finance Ltd. from IEPF

What if we tell you that there is a company that has given almost 100000% return on investment in its shares within a time span of just 11 years. Would you believe us? No matter how unbelievable it sounds but this is true. This incredible milestone has been achieved by Bajaj Finance Ltd who has […]...

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Posted Under: Corporate Law |

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