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Archive: September, 2022

Posts in September, 2022

ESG vs. Sustainability – What’s the Difference? Why is ESG Important?

September 7, 2022 2628 Views 2 comments Print

Explore the distinctions between ESG and Sustainability and why ESG matters for Company Secretaries. Delve into the environmental, social, and governance aspects, their impact on investments, and how ESG goes beyond the broad umbrella of sustainability.

Taxation of Unlisted Share and Biggest Catch in Disclosure in ITR

September 7, 2022 6666 Views 0 comment Print

Unlock the complexities of Unlisted Share Taxation! Explore the nuances of Off-Market and Regular Sale scenarios. Learn about Capital Gains Tax, exemptions, and the critical catch in disclosure for a seamless ITR filing.

Sphere of Section 146 of Companies Act, 2013 – Auditors to attend general meeting

September 7, 2022 26236 Views 1 comment Print

Whether auditor needs to attend general meeting despite non-serving of general meeting notice to him but he has got information from other sources like newspaper, website of authority, website of concerned company?

Periodical SEBI Compliances

September 7, 2022 2346 Views 0 comment Print

Navigate the world of Periodical SEBI Compliances with ease! Learn about the various regulations and timelines, including Quarterly, Half-Yearly, Annual, and Event-Based Compliances. Stay informed for transparent and efficient corporate governance.

NSE Guidance note on use of digital signature by listed companies

September 7, 2022 9660 Views 0 comment Print

Presently, listed companies shall submit all corporate announcements using DSC except Outcome of Board meeting which includes only financial result

Brief history of income tax in India & notes on Section 1 of Income-tax Act, 1961

September 7, 2022 32037 Views 0 comment Print

The first Income-tax Act in India was introduced in 1860 on account of financial stress owing to the mutiny of 1857 and was to be in force for a period of 5 years. The concept of the aggregate income from all sources was not material except for determining the minimum taxable limit.

Refund on Extra Duty Deposit should be automatic under Customs Act

September 7, 2022 7164 Views 0 comment Print

Assessee entitled to automatic refund of Extra Duty Deposit without filing of application for refund under Section 27 of Customs Act – CESTAT

Customs Broker License cannot be revoked if SCN not issued within 90 days of receipt of offence report

September 6, 2022 1453 Views 0 comment Print

HLPL Global Logistics Pvt. Ltd. Vs Commissioner of Customs (CESTAT Delhi) A show cause notice dated 24.01.2020 was then issued to the appellant proposing to revoke the Customs Broker License of the appellant by considering the show cause notice dated 22.10.2019 issued under the provisions of the Customs Act as the offence report. The appellant […]

CENVAT Credit allowable on Inputs used in production of electricity supplied Free of Cost to Sister Unit

September 6, 2022 1353 Views 0 comment Print

CENVAT credit allowed to the extent inputs are used for production of electricity which is transferred free of cost to its sister unit.

CBIC Clarification on procedure for Disposal of gold

September 6, 2022 13321 Views 0 comment Print

New procedure for disposal of gold, wherein it was envisaged that the seized/confiscated gold (other than ornament/jewellery/articles) shall be transferred to Reserve Bank of India (RBI) through Security Printing and Minting Corporation of India Ltd. (SPMCIL).

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