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Archive: March, 2023

Posts in March, 2023

Per client minimum investment amount requirement not apply to AI

March 23, 2023 1257 Views 0 comment Print

As per the second proviso to Regulation 23 (2) of the portfolio management (PM) Regulations, subject to appropriate disclosures in the disclosure document and the terms agreed between the client and the Portfolio Manager, the requirement of minimum investment amount per client shall not apply for an Accredited Investor (AI). Al can make investment through […]

IBBI suspends Registration of IP for delay in CIRP proceedings

March 23, 2023 1167 Views 0 comment Print

IBBI held that it is evident that there was avoidable delay on the part of Mr. Rajput in filing application under Section 19(2) of the Code for non-cooperation of directors/promoters of CD, in taking control of assets of CD, in appointing registered valuers and in publication of Form G and he did not operate the […]

PFRDA (Exits & Withdrawals under National Pension System) (Amendment) Regulations, 2023

March 23, 2023 1929 Views 0 comment Print

These regulations may be called the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Amendment) Regulations, 2023.

Concept & Importance of Maintenance of Minutes under Companies Act, 2013

March 23, 2023 8124 Views 0 comment Print

One of the primary reasons for maintaining minutes is that they serve as evidence of compliance with the provisions of Companies Act, 2013.

The Court may throw a meritorious case for latches if filing is an afterthought

March 23, 2023 2214 Views 0 comment Print

t was decided that Incase it can be proved that the delay in filing of the appeal was on the advice of a professional, it would be considered that the delay is not attributable on the negligent/casual approach of the assessee.

Private Limited Company versus Limited Liability Partnership

March 23, 2023 11685 Views 1 comment Print

Explore the differences between a Private Limited Company and a Limited Liability Partnership in India, including benefits, compliance requirements, taxation, and more. Understand the similarities and make an informed choice for your business entity. Consult experts to ensure the right fit for your business structure.

Tax Benefits to Wealth Creation: Ultimate NPS Blueprint for Your Retirement

March 23, 2023 8811 Views 0 comment Print

When it comes to planning for retirement, one of the most popular investment options in India is the National Pension System (NPS). This government-sponsored scheme allows individuals to save for their retirement while also providing tax benefits.

Roll out of ‘AIS for Taxpayer’ Mobile App

March 23, 2023 3027 Views 1 comment Print

The Income Tax Department has launched a Mobile app, namely, ‘AIS for Taxpayer’ to facilitate taxpayers to view their information as available in the Annual Information Statement (AIS) / Taxpayer Information Summary (TIS). ‘AIS for Taxpayer’ is a mobile application provided free of cost by the Income Tax Department, and is available on Google Play […]

ICAI Exposure Draft Guidance Note on Transfer of Capital Reserve

March 23, 2023 12781 Views 0 comment Print

Certain Ind AS require capital reserve to be created toward unrealised profits arising from certain transactions or other events. However, currently, there is no specific guidance on their subsequent transfer to retained earnings or other free reserve.

FSSAI (Transaction of Business at its meetings) Amendment Regulations, 2023

March 23, 2023 411 Views 0 comment Print

Food Safety and Standards Authority of India (Transaction of Business at its meetings) Amendment Regulations, 2023.

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