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Archive: September, 2022

Posts in September, 2022

M. Ram Mohan Rao appointed as member of Maharashtra AAR

September 26, 2022 1755 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 1713 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 1653 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.

A clause giving supervisory power to third party with respect to disputes not amounts to Arbitration Agreement

September 26, 2022 1311 Views 0 comment Print

Where the parties have agreed to give only supervisory powers to a third party with respect to the disputes arising between them, and a clause which does not disclose the intention of the parties to give any adjudicatory powers to the third party, does not qualify as an ‘arbitration agreement’, as defined under Section 2(1)(b) read with Section 7 of Arbitration and Conciliation Act, 1996.

Companies (CSR Policy) Amendment Rules, 2022 WEF 20.09.2022

September 26, 2022 39324 Views 0 comment Print

Understand the Companies (CSR Policy) Amendment Rules, 2022 and their impact on corporate social responsibility obligations.

What are Professional Misconducts of a Chartered Accountant Part- 2

September 26, 2022 11865 Views 0 comment Print

A member should not accept the original professional work emanating from a client introduced to him by another member. If any professional work of such client comes to him directly, it should be his duty to ask the client that he should come through the other member dealing generally with his original work.

Checklist for Statutory Audit – Documents to be obtained

September 25, 2022 32985 Views 0 comment Print

A comprehensive checklist for conducting a statutory audit. Learn about the documents required and the audit procedures to ensure compliance.

Format of Management Representation Letter (MRL) for Audit

September 25, 2022 199293 Views 0 comment Print

In this article author has shared the format of the Management Representation Letter or Written Representation (MRL/WR)  to be obtained from the management during various professional engagements: To, M/s XYZ & Co. Gurgaon, Haryana Sub: Management Representation in course of Statutory Audit for F.Y. 2021-22. This representation letter is provided in connection with your audit […]

Global Supply Chains Integrating Global + Local : Shifting to Global

September 25, 2022 8815 Views 1 comment Print

Global Supply Chain advanced due to Globalization and Increasing Free Trade among Countries. Globalization undoubtedly has many Advantages & Benefits of Better Access and Integration of Supplies at Global Level.

National CSR Exchange Portal – Registration Requirement and Benefit

September 25, 2022 7266 Views 1 comment Print

As we all know, current Central Government is focusing on Digitalisation of India. In a recent move, they have launched National CSR Exchange portal to maintain a database of CSR Spending companies and NGOs that are eligible to receive CSR Funding i.e implementing agency. It is a platform where both CSR Spending company and registered […]

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