"20 September 2022" Archive - Page 2

Confused between a ULIP and a SIP? Here’s a comparison!

When it comes to products that can assist investors in meeting their long-term and short-term financial objectives, two of the most popular options are ULIP and SIP....

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Posted Under: Finance |

Representation on Income Tax outstanding demand collection drive

Grievances and suggestions with respect to the functioning of Demand Facilitation Center, CPC (DFC) in connection to the outstanding demand...

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What are Professional Misconducts of a Chartered Accountant – Part 1

A Practicing Chartered Accountant abstain from soliciting clients or professional work either directly or indirectly by circular, advertisement, personal communication, or interview or by any other means....

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Posted Under: Finance |

Reply From RBI on Section 8 Companies With Objects of Microfinance

We have filed an RTI to RBI for clarity on section 8 company with the objects of Microfinance and they replied, and such reply is attached below for your reference: QUERY RAISED TO RBI VIA RTI AS BELOW: Companies registered under section 8 of companies act 2013 with the objects of micro finance are required […]...

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Cheque Bounce case: Compensation u/s 357(1)(b) of CrPC to be paid from fine forming part of sentence

Sanil James Vs State of Kerala (Kerala High Court)

Kerala High Court held that in an offence u/s. 138 of the Negotiable Instruments Act, when the Court imposes imprisonment and fine, fine forms part of the sentence hence the court has to order payment of compensation from the amount of fine as provided under Section 357(1)(b) of CrPC....

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Parents would be treated as dependents under Motor Vehicles Act: HC

Sonalben Alias Charmiben Hirenbhai Jivani Vs Naranbhai Chananbhai Babariya (Gujarat High Court)

HC held that Parents would be considered as dependents under Motor Vehicles Act and the compensation awarded to them would be computed on the basis of the income of the deceased for the last three years....

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IBBI (Information Utilities) (Second Amendment) Regulations, 2022

Notification No. IBBI/2022-23/GN/REG/098 20/09/2022

These Regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2022....

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Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Third Amendment) Regulations, 2022

Notification No. IBBI/2022-23/GN/REG97 20/09/2022

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Third Amendment) Regulations, 2022....

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

Notification No. IBBI/2022-23/GN/REG096 20/09/2022

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2022....

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IBC: Minimum Threshold of Rs. 1 Crore is to be Seen from the date of Filing the Petition

Udit Jain (Sole Proprietor of M/s U.J. Trading Co.) Vs Apace Builders and Contractors Pvt. Ltd (NCLT Delhi)

Udit Jain (Sole Proprietor of M/s U.J. Trading Co.) Vs Apace Builders and Contractors Pvt. Ltd (NCLT Delhi) HC held that  in application filed under section 9 of IBC, 2016 only the date of filing needs to be considered and not the date of sending the Demand Notice. It is seen that notification of MCA dated […]...

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