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Archive: June, 2023

Posts in June, 2023

Disclosure of Non-Cooperative Issuers to Credit Rating Agencies

June 27, 2023 1287 Views 0 comment Print

SEBI circular regarding disclosure of information on issuers not cooperating with credit rating agencies (CRAs) & requirements for CRAs to disclose lists of non-cooperative issuers

Section 54F Exemption Eligibility on New House Purchase Investment within belated return due date

June 27, 2023 15969 Views 0 comment Print

Requirement to deposit net consideration as per Section 54F(4) not attracted if assessee has purchased a new residential house within due date specified under Section 139(4)

Mahila Samman Savings Certificate, 2023: Available in Public & Private Banks

June 27, 2023 2010 Views 0 comment Print

Discover the Mahila Samman Savings Certificate, 2023—a significant initiative aimed at strengthening the financial security of women in India. Now available through both Public Sector and selected Private Sector Banks.

Nomination & Remuneration Committee not constituted – MCA imposes Penalty

June 27, 2023 8520 Views 0 comment Print

MCA imposed a penalty on PTC India Financial Services Limited for violation of Section 178 of Companies Act, 2013. Company failed to constitute Nomination & Remuneration Committee (NRC), resulting in penalties.

Penalty imposed for denying requests of IDs for obtaining legal advice

June 27, 2023 714 Views 0 comment Print

Read about the penalty imposed on PTC India Financial Services Limited for violating Section 149 of the Companies Act, 2013 by denying requests from independent directors (IDs) for legal advice. Understand the findings of the case, the obligations of the company and its officers, and the penalty amount imposed. Discover the steps for compliance and the option for appeal.

IBBI Suspends IP for Negligence in CIRP Process and Transgressing Authority

June 27, 2023 459 Views 0 comment Print

IBBI suspended an Insolvency Professional (IP) for not diligently performing his duties during CIRP of CD and exceeding his authority by treating resolutions as approved. Get the details of the disciplinary action and its implications

SEBI Introduces Online Remittance of Fees for Securities Market Participants

June 27, 2023 732 Views 0 comment Print

Explore SEBI’s new online remittance system for fees payment. Learn about the different payment methods available and the necessary information required during transactions.

Amendment to SEBI (Informal Guidance) Scheme 2003: Demand Draft Payment removed

June 27, 2023 780 Views 0 comment Print

Discover the recent amendment to the SEBI (Informal Guidance) Scheme 2003, where SEBI has discontinued the acceptance of demand drafts for fee payments. Learn about the new electronic payment methods.

Calcutta HC waives Penalty for Expired E-way Bill, Citing No Tax Evasion Intent

June 27, 2023 3099 Views 0 comment Print

In Ramji Jaiswal & Anr Vs State Tax Officer, Calcutta High Court waives penalty for transportation of goods with an expired E-way bill, citing lack of intention to evade tax.

ITAT deletes Penalty on income tax refund Interest & Section 14A Additions

June 27, 2023 1188 Views 0 comment Print

In Sunrise Broking P. Ltd. Vs ITO, ITAT Ahmedabad abolishes penalty over additions made to interest on income tax refund, recognizing no concealment or inaccuracy in the income particulars.

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