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Archive: January, 2022

Posts in January, 2022

Govt withdraws Direct Selling Guidelines, 2016

January 21, 2022 2424 Views 0 comment Print

Central Government, having regard to the publication of the Consumer Protection (Direct Selling) Rules, 2021 withdraws the Direct Selling Guidelines, 2016 of the Government of India in the Ministry of Consumer Affairs, Food and Public Distribution (Department of Consumer Affairs). MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Consumer Affairs) NOTIFICATION New Delhi, […]

Department to attend technical glitch issues on Income Tax Portal at the earliest

January 21, 2022 8025 Views 2 comments Print

Southern Gujarat Income Tax Bar Association Vs Union of India (Gujarat High Court) In today’s hearing through Video Conference, Mr. Y.K. Singh, DGIT (Systems) and Mr. Krishnamurthy, Additional Director General of Income Tax, also joined in the discussion. We had the advantage of hearing Mr. Singh as well as Mr. Krishnamurthy. Mr. Singh and Mr. […]

Reassessment notice quashed for failure of AO to follow statutory formalities

January 21, 2022 4014 Views 0 comment Print

Reassessment notice was quashed with liberty to AO concerned to initiate fresh re-assessment proceedings in accordance with the relevant provisions of the Act as amended by Finance Act, 2021 and after making compliance of the formalities as required by the law.

National Stock Exchange of India Limited Prime Registration Norms, 2021

January 21, 2022 3294 Views 0 comment Print

Corporate governance as per ICSI is ‘the application of best Management Practices, Compliance of Laws in true letter and spirit and adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility for sustainable development of all stakeholders.’ In order to incorporate better governance standards NSE has come up with […]

Verification of Marks of CS Foundation Examinations- December 2021

January 21, 2022 7098 Views 0 comment Print

In terms of Regulation 42 (2) of the Company Secretaries Regulations, 1982 as in force, a candidate may apply for ‘Verification of Marks’ in any subject(s) of CS examination within 21 days from the date of declaration of his/her result. The interested candidates can apply for verification of marks either through on-line or off-line mode as per prescribed procedure with requisite fee @ Rs. 250/- per subject.

ICAI Act should mandate members to disclose any criminal cases/conviction on periodical basis

January 21, 2022 8316 Views 0 comment Print

Mohit Bansal Vs Institute of Chartered Accountants of India (Delhi High Court) Facts- The petitioner was enrolled as CA on 25th January 2008. After his enrolment, vide judgement dated 23rd September 2009, the petitioner was convicted by the Trial court for the offences punishable under section 376(2)(g) read with Explanation I and section 506-II of the […]

RBI issues regulations under amended Factoring Regulation Act, 2011

January 20, 2022 2103 Views 0 comment Print

RBI issues regulations under the amended Factoring Regulation Act, 2011 Government of India has recently amended the Factoring Regulation Act, 2011 (the Act) which widens the scope of companies that can undertake factoring business. The Act permits Trade Receivables Discounting System (TReDS) to file the particulars of assignment of receivables transactions with the Central Registry […]

Gas Cylinders (Amendment) Rules, 2022

January 20, 2022 15036 Views 1 comment Print

ll the high pressure cylinders and Cryogenic containers used for filling of Non-Toxic, Non-Flammable Gases and Liquids shall have permanent and tamper proof marking in form of Bar Code or RFID or QR code or any means of electronic identification number at conspicuous place on cylinders and containers.

MTPA Call for GST protest week and common representation

January 20, 2022 4347 Views 0 comment Print

The major issues at present are related to cancellation of registration, notices for ITC claims. We are preparing proposed common representation, which we will share with you in a day or two. We appeal to you to keep a week 24th Jan to 28 Jan 2022 for this purpose of nationwide common representation.

Notification to re-constitute Himachal Pradesh Appellate Authority for Advance Ruling

January 20, 2022 1137 Views 0 comment Print

Governor of Himachal Pradesh, in supersession of this department’s notification of even No. dated 14.09.2020, published in the e-Rajpatra, Himachal Pradesh on 17.09.2020, is pleased to re-constitute the Himachal Pradesh Appellate Authority for Advance Ruling consisting of the following members, namely:-

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