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Archive: 01 March 2023

Posts in 01 March 2023

A comparitive study on Insider Trading Law

March 1, 2023 4362 Views 0 comment Print

This paper includes a comparative overview of the difference between India’s Insider trading laws and the U.S.’s Insider trading laws. An attempt has been made to understand how these Indigenous laws impact the Market and how they curtail these illegal activities from it.

Place of Supply Provisions under GST

March 1, 2023 46257 Views 1 comment Print

Discover the intricacies of Place of Supply Provisions under GST. Understand the key terminologies and provisions to determine the applicable tax for your transactions.

General compliances to adhere while closing year end financial statement

March 1, 2023 3606 Views 0 comment Print

Discover essential compliance requirements when closing year-end financial statements. Ensure adherence to laws and regulations to maintain accuracy and reliability.

Ad-hoc determination of ALP by TPO de-hors Section 92C(1) & cannot be sustained

March 1, 2023 780 Views 0 comment Print

Section 92C(1) of Act, contemplates that arms length price in relation to an international transaction shall be determined by comparable uncontrolled price method; resale price method; cost plus method; profit split method; transactional net margin method or such other method as may be prescribed by Board.

MCA imposes penalty on company for Private placement in violation of section 42(7)

March 1, 2023 6033 Views 0 comment Print

a. That the provision pursuant to sub-section (7) of Section 42 of the Act, no company issuing securities under this section shall release any public advertisements or utilize any media, marketing or distribution channels or agents to inform the public at large about such an issue. As mentioned in para (IX)(d) above, with the use […]

Setting up of Units under section 144B(3) of Income-tax Act, 1961

March 1, 2023 1422 Views 0 comment Print

In pursuance of sub-section (3) of section 144B of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby makes the following amendments in the Office Order — 2 of even number dated 10.06.2022

IFSCA: Clarifications in relation to Family Investment Funds

March 1, 2023 2331 Views 0 comment Print

A FIF shall not seek money from individuals or entities outside of the single family. However, a FIF may share economic interest with its employees, directors, FME or other persons providing services to the FIF, as per its internal policy to reward the persons providing services to the FIF or to align the interest of such persons with those of the FIF.

Clarifications in relation to Fund Management Entities and Schemes set up in IFSCs by Sovereign Wealth Funds

March 1, 2023 681 Views 0 comment Print

The ceiling of 10% investment from FME or its associates in case of Venture Capital Schemes and Restricted Schemes [regulations 28(1) and 40(1), respectively], shall not be applicable;

IFSCA: Net worth requirements for a Bullion Exchange & Bullion Clearing Corporation

March 1, 2023 1149 Views 0 comment Print

A Bullion Clearing Corporation shall also establish and maintain a fund called Core Settlement Guarantee Fund to guarantee the settlement of trades executed on the Bullion Exchange, in accordance with the norms issued from time to time by the The contribution made by Bullion Clearing Corporation to the Core Settlement Guarantee Fund shall be considered as part of its net worth.

Setting up of Appeal Units under “Faceless Appeal Scheme 2021

March 1, 2023 1893 Views 0 comment Print

In pursuance of para 4 of S.O. 5429(E) Notification No. 139/2021/F.No.370142/66/2021- TPL, dated the 28th December, 2021, notifying the Faceless Appeal Scheme, 2021, the Central Board of Direct Taxes hereby makes the following amendments in the Office Order — 4 of even number dated 29.12.2021

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