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Archive: 16 February 2023

Posts in 16 February 2023

Master Circular for SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

February 16, 2023 7293 Views 0 comment Print

Securities and Exchange Board of India Master Circular No. SEBI/HO/CFD/PoD-1/P/CIR/2023/31 Dated: February 16, 2023 To All Recognized Stock Exchanges All Registered Merchant Bankers All Listed Entities Other Stakeholders* Dear Sir / Madam, Subject: Master Circular for Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) 1. In order to […]

FAQs on Digital Lending Guidelines

February 16, 2023 1290 Views 0 comment Print

Whether a lending transaction would fall under the definition of digital lending only if all the processes in the life cycle of a loan, viz., customer acquisition, credit assessment, loan approval, disbursement, recovery, and associated customer service, are carried out digitally or some of the aforesaid processes can be carried out in physical mode also?

CS Professional / Executive Programme Exam result on 25.02.2023

February 16, 2023 5818 Views 0 comment Print

Result of CS Professional Programme and Executive Programme Examinations, December, 2022 Session would be declared on Saturday, 25th February, 2023

Introduction of FCRA related transaction code in NEFT and RTGS Systems

February 16, 2023 4233 Views 0 comment Print

Reserve Bank of India RBI/2022-23/178 CO.DPSS.RPPD.No.S1931/04-03-001/2022-23 February 16, 2023 The Chairman / Managing Director / Chief Executive Officer of member banks participating in NEFT and RTGS Systems Madam / Dear Sir, Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems Under the FCRA, 2010 (amended as on September 28, […]

Sales tax/ VAT dues payable by original owner cannot claim priority over secured creditor’s due

February 16, 2023 1155 Views 0 comment Print

Gujarat High court held that the dues in the nature of sales tax or VAT payable by the original owner cannot claim priority over the dues of the secured creditor.

Hidenburg vs. Adani: The end of an era?

February 16, 2023 3432 Views 2 comments Print

Explore the report from Hidenburg Research on Adani Group’s alleged stock manipulation and accounting fraud. Factors like overvaluation, substantial debt and CFO turnover, paint a picture of a ‘family business’ in danger.

Proposed amendments in section 11 of Income Tax Act in Finance Bill 2023 – Suggestions

February 16, 2023 8715 Views 1 comment Print

Tax exemption to charitable organisations proposed in Finance Bill 2023 – Suggestions. Government provides incentive for public welfare in form of tax exemption. Benefits of the Tax Act Section 11 for charitable organisations.

Update Master Data of Company/Corporate Debtor Undergoing CIRP (After Approval of Resolution Plan By NCLT)

February 16, 2023 5667 Views 0 comment Print

Once the Resolution plan has been approved by the Hon’ble NCLT pursuant to section 31 of IBC Code, 2016 then new management i.e. Resolution Applicant is in charge of control of the corporate debtor from the date of approval of the Resolution Plan.

CBDT notifies Authority under section 138 for welfare schemes of state of Tamil Nadu

February 16, 2023 1203 Views 0 comment Print

Central Government hereby specifies ‘Secretary (Information Technology & Digital Service Department), Directorate of e-Governance, Government of Tamil Nadu’ for the purposes of the said clause in connection with sharing of information regarding income-tax assessees for identifying genuine beneficiaries and proper implementation of all the Centrally sponsored schemes and welfare schemes of the state of Tamil Nadu.

CBIC notifies Customs Exchange rate for Import & Export wef 17.02.2023

February 16, 2023 4800 Views 0 comment Print

CBIC notifies Customs Exchange rate for Import & Export with effect from 17th February, 2023 vide Exchange rate vide Notification No. 10/2023 – Customs (N.T.) | Dated: 16th February, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 10/2023 – Customs (N.T.) | Dated: […]

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