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Archive: 19 June 2023

Posts in 19 June 2023

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 16, 2024 3807 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3474 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

ROC Delhi Imposes Penalty for Missing Minute Book Date and Serial Number

June 19, 2023 25788 Views 0 comment Print

ROC), Delhi, has imposed a penalty on Teleone Consumers Product Private Limited. The violation pertains to non-compliance with section 118(10) of the Companies Act, 2013, as detailed in an Inquiry Officer’s report. 

CBIC extends Due Date for GSTR-7 Filing in Manipur for April & May 2023

June 19, 2023 615 Views 0 comment Print

Notification No. 16/2023- Central Tax to extend due date for furnishing GSTR-7 for April, 2023 and May 2023 for registered persons whose principal place of business is in the State of Manipur to thirtieth day of June, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 16/2023–Central Tax […]

CBIC extends Time Limit to Furnish Form GSTR1 in Manipur for April to May 2023

June 19, 2023 420 Views 0 comment Print

Notifications No. 14/2023- Central Tax to extend due date for furnishing FORM GSTR1 (Outward Supply Details) for registered persons whose principal place of business is in the State of Manipur for tax periods April 2023 and May 2023 till thirtieth day of June, 2023. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES […]

Third Party Funding in Arbitration: An Unregulated Doorway to Ease of Business in India

June 19, 2023 1842 Views 0 comment Print

In this article, the author reflects upon the growing businesses in the country, with huge economic ambitions at hand and how this growth in businesses will parallelly scale up the finances involved in commercial arbitration, making third party funding more common and preferable mode of financing the process of arbitration in the near future.

SEBI Commences Execution Only Platforms under Stock Brokers Regulations

June 19, 2023 516 Views 0 comment Print

Commencement notification for Execution Only Platforms under the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 SEBI) has announced the commencement date for Execution Only Platforms under the Stock Brokers Regulations. This notification, issued under the powers conferred by the Securities and Exchange Board of India Act, 1992, specifies the provisions that will […]

Contract money and compensation on delayed payment is business income

June 19, 2023 1422 Views 0 comment Print

In ITO vs. Late Shri Chandi Ram, ITAT Jaipur upheld CIT(A)’s decision, recognizing arbitration and interest receipts from contracts executed in AY 1989-90 & 1990-91 as business income, taxable in AY 2012-13. Based on the jurisdictional High Court’s ruling, a net profit rate of 8.5% was applied, aligning with Supreme Court’s precedent on interest from delayed contract payments.

General Authorization for Export of Chemicals- Notification No. 12/2023

June 19, 2023 1158 Views 0 comment Print

DGFT, has issued a notification, No. 12/2023, dated June 19, 2023, amending Paragraph 10.08(ix) of the Foreign Trade Policy 2023. The amendment pertains to the General Authorization for Export of Chemicals and related Equipments (GAEC) and introduces changes to the policy.

Amendment in General Authorization for Export of Chemicals & Related Equipment

June 19, 2023 1179 Views 0 comment Print

DGFT has issued a public notice amending Handbook of Procedures (HBP) 2023 to revise procedure for General Authorization for Export of Chemicals and related Equipment (GAEC).

SEBI Final Order: Falsification in Financial Statements of Arvind Remedies Limited

June 19, 2023 6285 Views 0 comment Print

Read the final order issued by the Securities and Exchange Board of India (SEBI) regarding the falsification and misstatement of financial statements by Arvind Remedies Limited. The order includes background information, findings, and directions issued to the involved parties.

Analysis of Oppression and Mismanagement under Company Law

June 19, 2023 5199 Views 0 comment Print

In this paper, the author would discuss the concept of oppression and mismanagement in an elaborate manner. Further, it would also discuss certain remedies which the shareholders can claim in a situation where there are circumstances like oppression or mismanagement.

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