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Archive: 26 September 2022

Posts in 26 September 2022

Customs Exchange rate for Import & Export wef 27th September, 2022

September 26, 2022 798 Views 0 comment Print

Exchange rate Notification No. 83/2022-Cus (NT) dated 26.09.2022 notifying exchange rate with effect from 27th September, 2022 against Indian Rupees for Import and Export. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS New Delhi ***** Notification No. 83/2022 – Customs (N.T.) | Dated: 26th September, 2022 In exercise of […]

Modalities related to Investment Adviser applications

September 26, 2022 351 Views 0 comment Print

Securities and Exchange Board of India PR No. 28/2022 Modalities related to Investment Adviser applications SEBI, vide circular ref. 2021/579 dated June 18, 2021, granted recognition to BSE Administration and Supervision Ltd. (BASL), a wholly owned subsidiary of BSE to act as an Investment Adviser Administration and Supervisory Body (IAASB) for a period of three […]

MCA Imposes 5 Lakh Penalty for Missing Meeting Details in AGM Minutes

September 26, 2022 7035 Views 0 comment Print

Registrar of Companies in Rajasthan fines M/s STARNET BREEDING AND RESEARCH FARMS PRIVATE LIMITED and its directors for failing to comply with section 118 of Companies Act, 2013 read with SS-2 regarding minutes of annual general meetings.

Retrospective amendment will not attract provisions of Section 263

September 26, 2022 1329 Views 0 comment Print

AI Champdany Industries Limited Vs Commissioner (Calcutta High Court) Hon’ble Supreme Court in the case of COMMISSIONER OF INCOME TAX VS. MAX INDIA LTD. 2007 295 ITR 282 (SC) had taken note of the fact that Section 80HHC had been amended eleven times and different views existed on the day, when the COMMISSIONER (therein) passed […]

Section 10A deduction cannot be denied for Hardware used in Export of Software

September 26, 2022 963 Views 0 comment Print

Subex Limited Vs DCIT (Karnataka High Court) we are of the considered view that the Assessing Officer framed an incorrect question for his consideration that whether sale of Hardware which is not manufactured by the assessee could be considered as part of export. The CIT(A) also committed the same error. We say so because: firstly, […]

EPFO: Withdrawal of prosecutions cases related to non-submission of KYC

September 26, 2022 1167 Views 0 comment Print

EPFO Regional Office to consider application for withdrawal of prosecutions cases related to non-submission of KYC if employer request for withdrawal of prosecution by application before RPFC/Competent court

CIRP Can Be Initiated even against Two Borrowers Falling under Ambit of Corporate Debtors: SC

September 26, 2022 1596 Views 0 comment Print

Maitreya Doshi Vs Anand Rathi Global Finance Ltd. (Supreme Court) Apex Court held that If there are two borrowers or if two corporate bodies fall within the ambit of corporate debtors, there is no reason why proceedings under Section 7 of the IBC cannot be initiated against both the Corporate Debtors. Needless to mention, the […]

M. Ram Mohan Rao appointed as member of Maharashtra AAR

September 26, 2022 1398 Views 0 comment Print

Mr. M.Ram Mohan Rao has been appointed as member of Maharashtra Advance Ruling Authority in the place of Mr. Rajiv Ranjan under Maharashtra Goods and services tax act, 2017. FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 26th September 2022. NOTIFICATION Maharashtra Goods and services tax act, 2017. No. […]

No bar on withdrawal of CIRP application by applicant: SC

September 26, 2022 1452 Views 0 comment Print

Ashok G. Rajani Vs Beacon Trusteeship Ltd. & Ors. (Supreme Court of India) This Appeal under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) is against an interim order dated 18th August 2021 passed by the National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi in Company Appeal (AT) (Insolvency) No. […]

Furnishing of Opinion not necessary when Inspection of Opinion already made under SEBI Adjudication Rules

September 26, 2022 1182 Views 0 comment Print

There is no rule which requires SEBI to furnish the opinion under Rule 3 to the noticee in its entirety. The documents relied upon for formation of opinion were not required to be disclosed to the noticee unless relied upon in the inquiry.

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