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Archive: 16 August 2022

Posts in 16 August 2022

Analysis of Companies (Accounts) Fourth Amendment Rules, 2022

August 16, 2022 7290 Views 1 comment Print

Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India 16th August, 2022 ANNOUNCEMENT Sub: Amendment in the Companies (Accounts) Rules, 2014 relating to availability of books of account and other relevant books and papers maintained in electronic mode at all times and also details of person in control, if service provider […]

Notices under Section 248 For Non-Filing of INC-20A Under Section 10A

August 16, 2022 3339 Views 0 comment Print

Understanding notices under Section 248 for non-filing of INC-20A under Section 10A. Learn about the grounds for removal and representation rights for companies.

Deduction u/s 80IA is allowed unit wise

August 16, 2022 6972 Views 0 comment Print

Held that deduction under Section 80IA of the Income Tax Act is to be allowed unit wise without deducting incurred loss by the other unit of eligible business and allowed the appeal of assessee.

There has to be neutrality in arbitrator selection process

August 16, 2022 1863 Views 0 comment Print

Held that law mandates neutrality for both arbitrator and arbitrator selection process. Interim award passed by the arbitration who was appointed in contravention of provisions is unenforceable.

Central Universities (Amendment) Act, 2022

August 16, 2022 855 Views 0 comment Print

Establishment of Gati Shakti Vishwavidyalaya in Gujarat. (1) The National Rail and Transportation Institute, Vadodara, Gujarat, declared as a deemed to be University under section 3 of the University Grants Commission Act, 1956, shall be established as a body corporate under this Act by the name Gati Shakti Vishwavidyalaya.

Comments invited for declaring two or more prime constituents of commodity on front side of package with Brand Name/ Logo

August 16, 2022 654 Views 0 comment Print

The common or generic names of the commodity contained in the package and in case of packages with more than one product, the name and number or quantity of each product shall be mentioned on the package

Section 10(23FE) – CBDT notifies ‘INQ Holding LLC’ as sovereign wealth fund

August 16, 2022 1194 Views 0 comment Print

Section 10(23FE) – CBDT notifies ‘INQ Holding LLC’ as sovereign wealth fund vide Notification No. 95/2022-Income Tax | Dated: 16th August, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 95/2022-Income Tax | Dated: 16th August, 2022 S.O. 3828(E).—In exercise of powers conferred by sub-clause (vi) of clause […]

IBBI suspends registration of IP for eliminating voting rights of CoC members for non-contribution to CIRP costs

August 16, 2022 1029 Views 0 comment Print

Most serious contraventions relate to eliminating the voting rights of CoC members for non-contribution to the CIRP costs. This contravention goes against the letter and spirit of the Code.

Weekly newsletter from Chairman, CBIC dated 16/08/2022

August 16, 2022 705 Views 0 comment Print

With a view to enhancing facilitation of trade across the India-Bangladesh border, a number of stakeholder meetings have been held between Indian Customs and our counterparts in Bangladesh.

Govt notifies amendment in Courts for trial of cases under PMLA in Telangana

August 16, 2022 813 Views 0 comment Print

Govt notifies amendment in Courts for trial of cases under PMLA in Telangana vide notification No. S.O. 4042(E) dated: 16th August, 2022. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th August, 2022 S.O. 4042(E).—In exercise of the powers conferred by sub-section (1) of section 43 of the Prevention of Money – laundering […]

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