Dive into the salient features of the Competition Act, 2002, in India. Explore how this legislation aims to foster competition, safeguard consumer interests, and regulate anti-competitive practices. Understand the role of the Competition Commission of India (CCI), its powers, leniency policy, and the appeal process. Learn about penalties, compensation for damages, and the limitation period for filing complaints. Discover how the act promotes fair competition, protects consumers, and contributes to a dynamic marketplace.
SEBI has issued comprehensive guidelines for the Investor Protection Fund (IPF) and Investor Services Fund (ISF) at Stock Exchanges and Depositories. The guidelines aim to enhance investor protection and improve the functioning of IPF and ISF. The guidelines cover various aspects such as the constitution and management of IPF, contribution to IPF by stock exchanges […]
While reading and interpreting a statute, it is essential to consider various elements and aspects. This includes understanding the constitutional authority for enacting laws, determining the legislative intent, ensuring simplicity and clarity of language, considering the overall purpose of the statute, avoiding ambiguity, promoting equity, and safeguarding against injustice or inconvenience.
ITAT Kolkata ruled in Mahendra Kumar Parakh vs. ITO that cash deposit during demonetization was from past savings, directing AO to delete the addition of Rs. 2,50,000.
MCA imposes penalty as company failed to circulate annual audited financial statements to its members directors statutory auditors before AGM
Whether you are a salaried individual, self-employed professional, or business owner, this guide will equip you with the knowledge needed to navigate the intricacies of the Indian income tax system.
In Hira Lal Kadlabju vs. ACIT, ITAT Amritsar remits the case back to the assessing officer as the ownership of seized cash remains undecided pending High Court determination.
The financial industry has witnessed a significant transformation in recent years with the rise of financial technology (FinTech) and the emergence of open finance. These disruptive forces have revolutionized traditional banking and financial services, enabling greater accessibility, transparency, and efficiency.
MCA imposes penalties on Draeger India Private Limited for violation of Section 118(2) of Companies Act, 2013 as company incorrectly mentioned in its meeting minutes that audited financial statements were adopted by members
These instructions have been issued to prevent fake GST registrations and weed out existing fake registered taxpayers. Although these instructions are issued by the State Tax Department of Odisha, they can be applicable to both authorities and stakeholders.
