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Archive: January, 2023

Posts in January, 2023

SOP under SEBI (PIT) Regulations, 2015 for ensuring compliance with Structured Digital Database

January 25, 2023 5730 Views 0 comment Print

The listed entities to whom the provisions of Regulation 24A of SEBI(LODR) Regulations, 2015 are applicable, the Secretarial Auditor of those entities shall also specifically confirm compliance with the requirement of SDD by the listed entities in its Annual Secretarial Audit Report. Listed companies are advised to bring to the knowledge of their Secretarial Auditor the above requirement.

Presidential Award of Appreciation Certificates & Medals announced to CBIC officers on Republic Day, 2023

January 25, 2023 2433 Views 0 comment Print

Presidential Award of Appreciation Certificates and Medals announced on the occasion of Republic Day, 2023 vide Notification No. 06/2023-Customs (N.T.)  Dated:  25 January, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NEW DELHI 5 MAGHA, 1944 SAKA Notification No. 06/2023-Customs (N.T.) | Dated: 25 January, 2023 […]

Corporate Espionage – A Strategic Move or A Crime?

January 25, 2023 5037 Views 1 comment Print

Dive into the realm of Corporate Espionage—a strategic move or a crime? Uncover the unethical theft of business trade secrets, its impact on industries, and the evolving landscape of economic espionage. Explore the need for legislation in India, potential reforms, and the role of regulations like SEBI (Prohibition of Insider Trading) in curbing such practices. Stay informed and vigilant in the corporate world.

ASM Audit & Its Importance in Clean Credit Culture

January 25, 2023 52392 Views 3 comments Print

Appointment of Agencies for specialized monitoring (ASM) was one of major key reforms under EASE 3.0 Agenda Smart, Tech-enabled banking for aspiring India

Foreign Exchange Fluctuation Gain not changeable to tax: ITAT Mumbai

January 25, 2023 12324 Views 1 comment Print

Explore the latest ITAT Mumbai ruling on Foreign Exchange Fluctuation Gain, affirming that gains arising from the repayment of personal loans in foreign currencies are capital receipts and not taxable. Delve into the case analysis, judgment, and its implications for taxpayers. Stay informed on tax nuances and legal insights.

Whether breach of settlement agreement can trigger CIRP?

January 25, 2023 5952 Views 0 comment Print

Corporate Insolvency Resolution Process (CIRP) is a legal process that is triggered when a company is unable to pay its debts as and when they fall due.

ESOP: An Effective tool for Startup

January 25, 2023 6363 Views 0 comment Print

Employee Stock Option Plans (ESOPs) serve as a wonderful motivator for such companies to employ and retain resources committed to company’s goal.

Amendment in import policy condition of Urea [Exim Code 31021000]

January 24, 2023 2388 Views 0 comment Print

Fertilizer Marketing Entities (FMEs), authorized by the Department of Fertilizers, have been allowed to file Bill of Entries at Indian ports for import of Urea (for agriculture purpose) on Government Account.

Renting of Residential Dwelling by Proprietor – Continuation of Exemption

January 24, 2023 9489 Views 1 comment Print

Clarification on GST for proprietors renting residential dwellings for personal use. Exemption extended to registered proprietors renting for their own residence, effective from 18.07.2022. GST not applicable to proprietors’ personal usage. Retrospective application allows refund claims for wrongly paid GST. Note The clarification doesnt explicitly cover registered partnership firms/companies renting for partners/directors residence, subject to reverse charge mechanism. Stay informed for accurate GST compliance.

Draft ICSI SAS- 16 promoting welfare of migrants and displaced persons

January 24, 2023 897 Views 0 comment Print

ICSI Social Audit Standard – 16 (ICSI SAS-16) aims to aid the Social Auditors with necessary instructions or guidelines for the effective Social Audit of Social Enterprises engaged in the field of promoting welfare of migrants and displaced persons

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