Follow Us:

Archive: February, 2023

Posts in February, 2023

Show Cause Notice Devoid of Reasons and Vague is Bad in Law

February 8, 2023 6294 Views 0 comment Print

Virani Metal Industries v. State of Gujarat (Gujarat High Court) The Gujarat High Court in M/S Virani Metal Industries v. State of Gujarat (SCA No.13233 of 2022 decided on 30.11.2022) held that the SCN issued without reasons and vague is bad in law and liable to be set aside. FACTS M/s. Virani Metal Industries (hereinafter […]

The Future of Finances is here! ChatGPT Takes Accounting by Storm!

February 8, 2023 8463 Views 3 comments Print

ChatGPT, the worlds most advanced AI system, is taking the world by storm. Discover why and how it’s changing the future of finances with its cutting-edge technology

Manner of achieving minimum public shareholding by listed entities

February 8, 2023 11829 Views 0 comment Print

Find out how listed companies must comply with SEBI’s minimum public shareholding of 25% and the manner of achieving it in this article.

Court abstained from entering finding on merit as appeal is pending before NCLAT

February 8, 2023 1206 Views 0 comment Print

Supreme Court held that as the appeal is pending before NCLAT, this court is desisting from entering a finding on the merits of the rival submissions which have been urged on behalf of the contesting parties.

RBI extends UPI facility to travelers & Increases repo rate by 25 basis points

February 8, 2023 834 Views 0 comment Print

An enhancement has recently been made to provide UPI access to non-resident Indians who have international mobile numbers linked to their NRE / NRO accounts. It is now proposed to permit all inbound travellers to India also to access UPI for their merchant payments (P2M) while they are in the country.

Clarification on applicability of Plastic Waste Management Rules, 2016 on imported goods

February 8, 2023 5793 Views 1 comment Print

Plastic Waste Management Rules, 2016 have been amended to introduce Schedule II to said Rules, vide Plastic Waste Management (Amendment) Rules, 2022. Accordingly, Extended Producer Responsibilities on producer, importer and brand owner have been made applicable to both pre-consumer and post-consumer plastic packaging waste.

Disallowance u/s 14A cannot be subject matter of disallowance under 115JB

February 8, 2023 1431 Views 0 comment Print

ITAT Ahmedabad held that the disallowances made under section 14A read with rule 8D cannot be the subject matter of disallowances while determining the net profit u/s 115JB of the Income Tax Act.

Withdrawal application after CoC approval to resolution plan is unsustainable

February 8, 2023 3777 Views 0 comment Print

NCLAT Delhi held that withdrawal application under section 12A of the Insolvency & Bankruptcy Code, 2016 unsustainable once CoC (Committee of Creditors) approves a resolution plan.

RBI Extends Market Trading Hours in respect of government securities

February 8, 2023 1461 Views 0 comment Print

RBI decided to restore market hours in respect of government securities from 9:00 AM to 3:30 PM to 9:00 AM to 5:00 PM with effect from Monday, February 13, 2023

Instruction regarding Import of High risk food products at specific ports – reg.

February 8, 2023 1755 Views 0 comment Print

The list of such high-risk food products is as specified below:-(i) Milk and Milk Products;(ii) Egg powder. (iii) Meat and Meat Products including Poultry, Fish and their products.(iv) Food for Infant nutrition / Infant Foods. (v) Health supplements, Food for Dietary uses. Probiotic and prebiotic foods. Foods for Special Medical Purpose.

Search Post by Date
July 2026
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031