Insurance Regulatory and Development Authority Circular Ref. No:IRDAI/F&I/CIR/INV/074/04/2021 Date: 08-04-2021 CIRCULAR Investment in Alternative Investment Fund (AIFs) Point 1.5 of Investment – Master Circular, 2017 specifies the conditions applicable for Insurers Investment in Alternative Investment Fund (AIF). The following shall replace the provisions applicable for Fund of Funds (FoF) mentioned in 1.5.3 “1.5.3 (a) No investment is permitted into AIFs […]
The biggest mistake that most people make when it comes to their financial goals is they do not Plan for it. The same is also noticed in the current coronavirus pandemic that most of the people are suffered due to poor financial planning or no financial plans for themselves. The financial planning brings the financial discipline in the individual life. All financial success comes from acting on a plan. The article talk about the understanding of the financial planning of an individual for the financial freedom and achievement of their financial goals.
The name of a private limited company can be changed anytime with the approval of the shareholders and Ministry of Corporate Affairs (MCA). The change of name shall not be allowed to a company which has not filed annual returns or financial statements due for filing with the Registrar or which has failed to pay […]
Realising the need of growing Compliance Reporting mechanism in letter and spirit, SEBI came out with the Circular dated February 08, 2019 mandating Annual Secretarial Compliance Report to be submitted by a Company Secretary in Practice to the listed entity on an annual basis, regarding compliance of all applicable SEBI Regulations and Circulars/ Guidelines issued […]
Can Compulsory Convertible Preference Shares (CCPS) be Issued Under Right Issue? Answer – is No Reason: In case of issue of Preference Shares company have to comply Section 62 along with Rule 13 & Section 55 along with Rule 9, However Section 62 (1) (a) & (b) don’t restrict to follow the Right Issue process […]
Disallowance made under section 14A was not to be added for computing the book profit, therefore, AO had not erred in directing to exclude difference under section 14A for computing the big profit under section 115JB.
Notification No. 27/2021-Customs (N.T./CAA/DRI), Dated: 08.04.2021 amending Notification No. 10/2018- Customs (N.T./CAA/DRI) dated 24.07.2018 published vide S.O. 3590(E) dated 24.07.2018. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) New Delhi. Notification No. 27/2021-Customs (N.T./CAA/DRI) Dated: 8th April, 2021 S.O. 1551(E).—In pursuance of notification No. 60/2015-Customs (N.T.), […]
In re Isotex Corporation Pvt. Ltd. (GST AAAR Gujarat) In view of the foregoing, we confirm the Advance Ruling No. GUJ/GAAR/R/74/2020 dated 17.09.2020 of the Gujarat Authority for Advance Ruling to the extent it has been appealed before us, by holding that the products Biomass Fired (Steam) Boilers, Agro Waste Thermic Fluid Heater of M/s. […]
In re Girish Rathod (GST AAAR Gujarat) We find that CBEC Circular No. 433/66/98-CX-6 dated 27/11/1998 is relevant even today and has got persuasive value as on date. Further, Chapter Note 2(a)(4) to Chapter 59 says that fabrics partially coated or partially covered with plastics and bearing designs resulting from these treatments are excluded from […]
The imported plastic item namely Plastic Mechanical Liquid Dispenser shall be classified under Chapter sub-heading 3923.50 of the Customs Tariff Act, 1975 (51 of 1975). The said product is liable to GST at the rate of 18% (9% CGST + 9% SGST)?
