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Archive: February, 2023

Posts in February, 2023

FAQ’s on filing of announcements in XBRL format on NSE platform

February 9, 2023 7287 Views 0 comment Print

XBRL submission for Outcome of Board meeting will be applicable for Dividend, Buyback, Bonus and Voluntary Delisting events. NSE & BSE jointly have developed these XBRL’s utilities, and the XML file generated can be uploaded at both the Exchanges.

Consultation paper on review of Corporate Governance norms for a High Value Debt Listed Entity

February 9, 2023 1182 Views 0 comment Print

SEBI introduced Corporate Governance requirements for listed entities to improve transparency in their functioning and ensure enhanced disclosures to investors. Regulations 16 to 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Penalty on ‘Adani Transmission Step-One Limited’ for delay in submission of resolution

February 9, 2023 4335 Views 0 comment Print

M/s. Adani Transmission Step-One Limited vide SRN dated 05.01.2023 has filed e-form MGT-14 62 (1) (c) to consider and approve issue and allotment of 25 crore Compulsorily Convertible Debentures of Rs. 100 each to Adani Transmission Limited by way of meeting of members held on 27.09.2022. Whereas, as per the provision of section 117(1) of […]

Bail denied to accused of fake invoices due to ongoing investigations to unearth more fake suppliers

February 8, 2023 3774 Views 0 comment Print

SC refused to interfere with order passed by Chhattisgarh High Court, wherein bail was denied to accused in alleged matter for availment of wrong ITC, on the ground that investigations were still going on for detecting more fake suppliers and investigations might be hampered if bail was granted.

Refund application cannot be rejected without providing opportunity of personal hearing to assessee

February 8, 2023 3324 Views 0 comment Print

HC quashed the Order passed by the Revenue Department rejecting the refund application of the assessee, on the grounds that, no opportunity of personal hearing was provided, which is against the principles of natural justice. Further, directed the Revenue Department to pass an order after adhering to the principles of natural justice, considering on merits and in accordance with law within a period of 12 weeks.

SS 4 – Secretarial Standards on Report of Board of Directors

February 8, 2023 8787 Views 1 comment Print

Explore the key provisions of Secretarial Standards (SS-4) on the Report of Board of Directors under the Companies Act, 2013. Understand the prescribed format and disclosures for enhanced corporate transparency.

Comparison between Old V/s New Tax Regime

February 8, 2023 132969 Views 1 comment Print

Delve into the comparison between the old and new income tax regimes in India. Explore the impact on deductions, exemptions, and overall tax liability.

Introduction of Systematic Lump sum Withdrawal (SLW) for NPS Subscribers – PFRDA Notification

February 8, 2023 1131 Views 0 comment Print

PFRDA issued a notification introducing the Systematic Lump sum Withdrawal (SLW) for the benefit of National Pension System (NPS) Subscribers. The SLW process allows subscribers to withdraw a lump sum amount periodically until the age of 75. This notification provides details on the SLW facility, process flow, and its applicability to both Tier-I and Tier-II accounts.

Is CSR Expenditure allowable u/s 80G?

February 8, 2023 6339 Views 0 comment Print

Understand the intricacies of CSR expenditure deduction under Section 80G. Explore recent clarifications and legal standpoints for a comprehensive view.

BUDGET 2023 – Amendments to Provisions of Charitable Trust & Institutions

February 8, 2023 19866 Views 1 comment Print

Explore Budget 2023 amendments to Charitable Trust & Institutions provisions. Understand changes in corpus handling, loan repayments, and registration processes effective from April 1, 2023.

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