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Archive: 03 July 2023

Posts in 03 July 2023

MCA Penalty: Wrong Company Name in Auditor Appointment Letter in ADT-1

July 3, 2023 1659 Views 0 comment Print

MCA penalizes MIS Sandal Nidhi Limited for incorrect company name in auditor appointment letter attached in ADT-1. Detailed analysis of violation and penalty imposition.

ICAI President’s Message – July 2023

July 3, 2023 1713 Views 0 comment Print

I am pleased to announce that the launch of the New Scheme of Education and Training for the Chartered Accountancy course is scheduled for July 1, 2023 in the august presence of Chief Guest Hon’ble President of India, Smt. Droupadi Murmu during the CA Day event. This marks a significant milestone for all of us, and I express my gratitude to my Council, and the entire Team ICAI for their efforts in making this possible.

Breach of Confidence in Contracts: Understanding the Legal Implications

July 3, 2023 3114 Views 0 comment Print

Many agreements lack confidentiality clauses, but parties can still protect the secrecy of their contract through the principle of breach of confidence. Learn about the nature of breach of confidence, its legal framework, and relevant judicial precedents.

GST Implications for Electric Vehicle (EV) Charging Stations in India: Need for Clarity

July 3, 2023 6783 Views 0 comment Print

Unravel the GST implications for Electric Vehicle (EV) Charging Stations in India. As the government promotes sustainable transportation, this article explores the taxability aspects of charging services and emphasizes the need for clarity. Understand the GST impact, classification, and potential challenges faced by EV charging stations. Stay informed about the evolving regulatory landscape and its impact on the cost of EV charging.

Role of Expert Evidence in International Commercial Arbitration

July 3, 2023 1632 Views 0 comment Print

Explore the crucial role of expert evidence in International Commercial Arbitration. Learn about the requirements for presenting expert evidence, the duties of expert witnesses, and the considerations in appointing experts. Delve into judicial precedents that shape the use of expert evidence and the balance between party-appointed and tribunal-appointed experts. Understand the significance of expert guidance in resolving disputes, especially in industries like construction and infrastructure.

SEBI (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023

July 3, 2023 3375 Views 1 comment Print

Read the latest notification by the Securities and Exchange Board of India (SEBI) regarding the amendments to the Alternative Dispute Resolution Mechanism Regulations. Learn about the inclusion of mediation, conciliation, and arbitration for resolving disputes in the securities market.

SEBI (Credit Rating Agencies) (Amendment) Regulations, 2023

July 3, 2023 5328 Views 0 comment Print

Gain insights into SEBI (Credit Rating Agencies) (Amendment) Regulations, 2023 for ESG rating providers. This analysis explores the applicability, registration process, categories, conditions, code of conduct, and more, ensuring transparency and reliability in ESG ratings.

IFSCA (Capital Market Intermediaries) (Amendment) Regulations, 2023

July 3, 2023 1041 Views 0 comment Print

The International Financial Services Centres Authority (IFSCA) has issued a notification announcing the introduction of the International Financial Services Centres Authority (Capital Market Intermediaries) (Amendment) Regulations for the year 2023. These amendments aim to bring important changes to the regulations governing capital market intermediaries operating within the international financial services centres. In this article, we […]

FLDG Model and Fintech-Bank Collaboration in India

July 3, 2023 2220 Views 0 comment Print

Explore the evolution of FLDG Model and Fintech-Bank collaboration in India. Learn about the initial challenges, the introduction of FLDG, concerns raised, RBIs intervention, and the recent guidelines, promoting responsible lending practices. Discover how these norms create opportunities for fintech innovation and contribute to the growth of the sector.

Understanding Foreign Corrupt Practices Act (FCPA) and Its Global Implications

July 3, 2023 2385 Views 0 comment Print

Discover the Foreign Corrupt Practices Act (FCPA), the prime Anti-Bribery legislation of the United States with global implications. Learn about its objectives, provisions, entities covered, and enforcement agencies. Gain insights into the historical background, amendments, and the importance of compliance with FCPA guidelines.

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