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Archive: 16 September 2022

Posts in 16 September 2022

IBBI (Liquidation Process) (Second Amendment) Regulations, 2022

September 16, 2022 3714 Views 0 comment Print

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 16th September, 2022 Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2022 No. IBBI/2022-23/GN/REG094.– In exercise of the powers conferred by clause (t) of sub-section (1) of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of […]

IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022

September 16, 2022 1254 Views 0 comment Print

These Regulations may be called the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

IBBI (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2022

September 16, 2022 3021 Views 0 comment Print

Insolvency and Bankruptcy Board of India (IBBI/Board) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2016 (CIRP Regulations) on 16th September, 2022.

Tagging of Fixed assets

September 16, 2022 6579 Views 0 comment Print

Discover the importance of asset tagging for businesses in tracking and managing fixed assets. Learn about different types of asset tags, such as barcodes, QR codes, RFID tags, GPS trackers, and NFC tags, and how they contribute to theft prevention, maintenance schedules, and real-time tracking. Find out the significance of data gathered in a digitized asset register, including location, users, purchase history, maintenance schedules, and depreciation value. Ensure a comprehensive tagging process for a holistic view of owned assets with data cleaning, uploading, initial tagging, and updating of Fixed Asset Registers (FAR).

Mixed and Composite Supply under CGST Act, 2017

September 16, 2022 17409 Views 0 comment Print

With the introduction of GST as a means of Indirect Taxation, collection by means of multiple taxation was done away and a new uniform system was put into place. However, many a times when two or more goods are sold in a combination, a situation arises wherein it gets difficult to understand what tax rate needs to be applied. In order to overcome this, the CGST Act, 2017 has introduced ‘composite supply’ and ‘mixed supply’.

ICSI Request for exemption from delayed filing fee for Charge related forms

September 16, 2022 6486 Views 2 comments Print

Keeping in view the technical difficulties faced by  stakeholders, ICSI request MCA to consider granting exemption from delayed filing fee for these 5 charge related forms, i.e., Form CHG-1, CHG-4, CHG-6, CHG-8 & CHG-9 till October 15, 2022.

HC Quashed detention order passed by non-jurisdictional authority

September 16, 2022 1101 Views 0 comment Print

HC quashed detention orders passed by non-jurisdictional authority i.e., Roving squad and directed assessee to forward all documents to concerned jurisdictional assessing officer, who shall take up the issue and decide the same.

CBDT issued new Guidelines for compounding of Income Tax offences

September 16, 2022 34308 Views 1 comment Print

Compounding of offences is not a matter of right. However, offences may be compounded by the Competent Authority on satisfaction of the eligibility conditions prescribed in these Guidelines keeping in view factors such as conduct of the person, the nature and magnitude of the offence in the context of the facts and circumstances of each case.

HPZ Token Bitcoin fraud – ED carried out search operations under PMLA

September 16, 2022 945 Views 0 comment Print

The HPZ Token was an App-Based Token which promised users of large gains against investment by investing in mining machines for Bitcoin and other cryptocurrencies.

RBI Master Directions on Interest Rate on Deposits

September 16, 2022 4266 Views 0 comment Print

The Overnight Alternative Reference Rate for the respective currency / Swap rates quoted / displayed by Financial Benchmarks India Pvt. Ltd. (FBIL) shall be used as the reference for arriving at the interest rates on FCNR(B) deposits.

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