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Archive: February, 2023

Posts in February, 2023

CBDT amends Audit Report Format of Trust (Form No. 10B) & Rule 16CC & 17B

February 21, 2023 43668 Views 2 comments Print

CBDT amends Rule 16CC Form of report of audit prescribed under tenth proviso to section 10(23C), Rule 17B Audit report in the case of charitable or religious trusts, etc. and ‘FORM No. 10B – Audit report under clause (b) of the tenth proviso to clause (23C) of section 10 and sub-clause (ii) of clause (b) of […]

NPS/APY Functionalities released by CRAs during Quarter III (FY 2022-23)

February 21, 2023 876 Views 0 comment Print

Pension Fund Regulatory and Development Authority Circular no: PFRDA 2023/08/SUP-CRA 04 Dated: 21st Feb 2023 To All stakeholders under NPS Subject: NPS/APY Functionalities released by CRAs during Quarter III (FY 2022-23) The Central Record Keeping Agencies (CRAs) appointed by PFRDA develop system level functionalities as per the evolving needs of NPS/APY stakeholders. 2. CRAs have […]

Pre-deposit mandatory under section 129E of the Customs Act in gold smuggled case

February 21, 2023 2451 Views 0 comment Print

Gujarat High Court held that looking at the kind of quantum of gold smuggled in India, it is impossible to accept that petitioner has no financial capacity. Accordingly, pre-deposit mandatory under section 129E of the Customs Act for further proceedings.

Notice for revocation of customs broker license issued beyond 90 days of offence report is unsustainable

February 21, 2023 1311 Views 0 comment Print

Delhi High Court held that as per regulation 17(1) of Customs Brokers Licensing Regulations 2018, notice for revocation of license to the customs broker is to be issued within a period of 90 days from the receipt of offence report. Order unsustainable as notice issued beyond the period of 90 days,

Regulatory Requirement for Obtaining License for Tabacco Manufacturing in India

February 21, 2023 30831 Views 4 comments Print

Learn more about the regulatory requirement for obtaining license in India for tobacco production. Clear requirements and license criteria from The Cigarettes And Other Tobacco Products (Prohibition Of Advertisement And Regulation Of Trade And Commerce, Production, Supply And Distribution) Act, 2003, FSSAI, & CBN.

Short Note on Minimum Wages Act / Payment of Wages Act / Equal Remuneration Act – Statutory Compliance

February 21, 2023 6390 Views 0 comment Print

Understand Statutory Compliance and all its associated rules with Minimum Wages Act/Payment of Wages Act/Equal Remuneration Act.

आम,साधारण,छोटे वरिष्ठ शेयरधारकों की समस्या निदान हेतु प्रचलित कानून अंतर्गत ही ठोस सुझाव

February 21, 2023 2121 Views 4 comments Print

मेरे अनेक वरिष्ठ मित्र भौतिक शेयरों को लेकर काफी परेशान हैं हालाँकि सेबी ने निवेशकों के हितार्थ नियमों में कुछ संशोधन किये हैं लेकिन अभी भी जो अतिआवश्यक संशोधन चाहिये उसी पर समस्या को बताते हुये निदान हेतु कुछ सुझाव सुझा रहा हूँ । उन सभी वरिष्ठ मित्रों का यह मानना है कि मोदीजी हिन्दी […]

Global Trend in Internal Audit

February 21, 2023 2916 Views 0 comment Print

Nowadays, businesses around the world are transitioning to new and improved models. Learn more about the challenges & opportunities and explore global trend in internal audit positions.

Understanding Corporate Social Responsibility (CSR) Legislation in India

February 21, 2023 7002 Views 0 comment Print

Corporate Social Responsibility (CSR) legislation in India mandates companies (mentioned below) to engage in CSR activities and spend at least 2% of their average net profit from the three fiscal years prior to the current one on CSR initiatives.

Tug of War between Applicability of Moratorium under ‘IBC, 2016’ to Attachment Proceedings Under ‘PMLA’

February 21, 2023 2562 Views 0 comment Print

In contrast to PMLA, which aims to stop money laundering and prevent criminals from profiting from their crimes, ‘I&B CODE’ promotes the resurrection of stressed enterprises by protecting the interests of all stakeholders.

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