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Archive: January, 2023

Posts in January, 2023

Clarification on classification of shares issued by virtue of demerger to Insurance Companies

January 19, 2023 1038 Views 0 comment Print

It is clarified that dividend criteria as stipulated under Regulation 3(a)(4) and 3(a)(5) of IRDAI (Investment) Regulations, 2016 read with Clause 1.11 of IRDAI Investment Master Circular dated October 27, 2022 applicable to Demerged Company

Guidelines on Insurance claims of victims of Landslides in Joshimath, Uttarakhand

January 19, 2023 762 Views 0 comment Print

As you are aware, Subsidence and Landslide have caused loss to property in some areas in the State of Uttarakhand. There is an urgent need for the general insurers to take immediate steps to mitigate the hardships of the affected insured population by ensuring immediate registration and settlement of eligible claims.

Opportunity of hearing to be provided before passing of any order by GST Authority

January 19, 2023 2226 Views 0 comment Print

Directed the Revenue Department to issue a physical notice to assessee apart from uploading it on GST Portal and provide reasonable opportunity to assessee to defend case.

All About Issue of Bonus Shares (With Process)

January 19, 2023 58026 Views 3 comments Print

A listed company proposing to issue bonus shares shall comply with the following: No company shall, pending conversion of FCDs/PCDs, issue any shares by way of bonus unless similar benefit is extended to the holders of such FCDs/PCDs, through reservation of shares in proportion to such convertible part of FCDs or PCDs.

Companies (Authorised to Register) Amendment Rules, 2023

January 19, 2023 2325 Views 0 comment Print

These rules may be called the Companies (Authorised to Register) Amendment Rules, 2023. They shall come into force with effect from 23rd January 2023.

Companies (Incorporation) Amendment rules 2023

January 19, 2023 14979 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi the 19th January, 2023 G.S.R. 42(E). – In exercise of the powers conferred under section 3, section 4, sub-sections (5) and (6) of section 5, section 6, sub-sections (1) and (2) of section 7, sub-sections (1) and (2) of section 8, clauses (a) and (b) […]

Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2023

January 19, 2023 5514 Views 0 comment Print

These rules may be called the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2023.

MCA imposes on penalty on company & directors for delay in filing e-form SH-7

January 19, 2023 5937 Views 0 comment Print

Notice of increase in the authorized Capital ought to have been filed by way of Form SH-7 with the office of the undersigned on or before 10.2022 i.e. within 30 days from the date of passing above Resolution dated 29.09.2022

Everything About SFT (Statement of Financial Transactions)

January 19, 2023 14454 Views 0 comment Print

Learn Everything About SFT (Statement of Financial Transactions) and the Basic Provisions included in Section 285BA of Income Tax Act, 1961. Know who should provide SFT and the types of transactions reporting persons must report.

Latest Amendments relating to Survey under section 133A of Income Tax Act

January 19, 2023 7641 Views 1 comment Print

Discover the latest Amendments relating to Survey under section 133A of Income Tax Act. Get guidance on relevant sections such as section 133A, 147,148,148A,148B,149,149A,151,153 and 79A of the Income Tax Act.

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