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Archive: 08 June 2023

Posts in 08 June 2023

Analysis of RBI Guidelines on Default Loss Guarantee in Digital Lending

June 8, 2023 1437 Views 0 comment Print

RBI’s recent circular on guidelines for Default Loss Guarantee in Digital Lending, its potential impact on financial institutions, and its role in shaping future of digital finance in India.

IBBI Disciplinary Committee Suspends IP Registration for 1 Year

June 8, 2023 621 Views 0 comment Print

IBBI) Disciplinary Committee has suspended the registration of Mr. Brij Kishore Sharma, an Insolvency Professional (IP), for a period of one year. The suspension comes after findings of contraventions related to various violations in his role as IRP and RP in corporate insolvency resolution processes and as a Liquidator in voluntary liquidation. The Insolvency and […]

IBBI Warns IP: Exercise Rigorous Due Diligence in Future Assignments

June 8, 2023 1101 Views 0 comment Print

The Insolvency and Bankruptcy Board of India’s Disciplinary Committee has issued an order regarding Ms. Sonu Jain, an Insolvency Professional, based on alleged contraventions under the Insolvency and Bankruptcy Code. The order addresses specific issues raised in the Show Cause Notice and provides an analysis and conclusion on the matter. The order discusses three main […]

Imports under Advance Authorization Scheme – DGFT advisory

June 8, 2023 1212 Views 0 comment Print

All imports made under Advance Authorization Scheme on or after 13.10.2017 & upto and including 09.01.2019 which could not meet the pre-import condition may be regularized by making payments

Comprehensive Guide to Applicability of ITR Forms for Individuals, HUFs & Firms

June 8, 2023 6645 Views 0 comment Print

Unravel the complexities of choosing the right ITR form for Individuals, Hindu Undivided Families (HUFs) and Firms based on factors like income sources, residential status, and total income.

Turkish Lira Exchange Rate for Import & Export from 09.06.2023

June 8, 2023 561 Views 0 comment Print

CBIC Notifies Exchange Rate of Turkish Lira for Import & Export, effective from 09.06.2023, via Notification No. 41/2023- Customs (N.T.) dated 8th June 2023. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs ***** Notification No. 41/2023-Customs (N.T.) Dated : 08th June, 2023 In exercise of the powers […]

RBI Keeps Repo Rate Unchanged at 6.50% in June 2023

June 8, 2023 810 Views 0 comment Print

Read the monetary policy statement and resolution of the Monetary Policy Committee (MPC) for June 2023. The MPC decided to maintain the policy repo rate at 6.50% and focus on withdrawing accommodation to align inflation with the target while supporting growth. Get insights into the global and domestic economic outlook, inflation projections, and future policy […]

Provisions relating to Transfer of Shares of Listed & Unlisted Companies

June 8, 2023 14412 Views 0 comment Print

An in-depth guide explaining the legal provisions and procedural nuances governing share transfers in listed, unlisted public, and private companies in India.

Importance of Diversification in Investment: Mitigating Risk & Maximizing Returns

June 8, 2023 471 Views 0 comment Print

Diversification involves spreading your investments across different asset classes, sectors, geographic regions, and investment vehicles. In this article, we will explore the significance of diversification in investment and its potential benefits.

Due Date to File Income Tax Return for AY 2023-24 is 31st of July 2023

June 8, 2023 27033 Views 3 comments Print

Significance of due date to file Income Tax Returns (ITR) for AY 2023-24. Avoid penalties and claim deductions accurately by following steps outlined in article.

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