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Archive: July, 2023

Posts in July, 2023

Decisions taken in 50th GST Council Meeting held on 11th July 2023

July 12, 2023 15693 Views 0 comment Print

Explore the key decisions taken in the 50th GST Council Meeting held on July 11, 2023. Discover relaxations for taxpayers, changes in rates, modifications in physical verification requirements, and updates on the GST Tribunal. Stay informed about amendments in amnesty schemes, exemptions for cancer-fighting drugs, and reduced GST rates. Get insights into system-based intimation on excess ITC, non-mandatory ISD mechanism, and restrictions on refund of accumulated ITC. Stay updated with the latest GST reforms.

Priority of Provisions: SARFAESI Act Prevails Over MSMED Act in Recovery Proceedings

July 12, 2023 1617 Views 0 comment Print

Both the Micro, Small, and Medium Enterprises Development Act 2006 (MSMED Act) and the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (SARFAESI Act) contain non-obstante clauses and often cause confusion with respect to their applicability.

NCLT approves Resolution Plan of Jain Shoppers Private Limited

July 12, 2023 1131 Views 0 comment Print

NCLT Kolkata approves Jain Shoppers Pvt. Ltd. resolution plan, ensuring compliance with IBC for corporate revival and stakeholders’ interest protection.

NCLT approves Resolution Plan of S and H Gears Private Limited

July 12, 2023 1146 Views 0 comment Print

Explore the details of Rani Agro Private Limited vs S&H Gears Private Limited case at NCLT Mumbai, involving the approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016.

NCLT approves Resolution Plan of Lakshmi Transcon Pvt. Ltd

July 12, 2023 1377 Views 0 comment Print

Explore the legal battle between Arvensis Energy and Lakshmi Transcon in NCLT Hyderabad. Analysis of resolution plans, creditor claims, and key milestones.

Applicable Standards & Amendments for December 2023 CA Foundation Exam

July 12, 2023 7291 Views 0 comment Print

Get the latest updates on the syllabus and legislative amendments applicable for ICAI’s December 2023 Foundation Course Examination, including detailed guidelines for Papers 2, 3, and 4.

Skilling and Mentorship Obligation for Status Holders: FTP 2023 Guidelines

July 12, 2023 5544 Views 0 comment Print

DGFT issued Trade Notice No. 14/2023-24 on July 12, 2023 which focuses on curriculum and guidelines for Skilling and Mentorship Obligation for Status Holders as per Para 1.30 of FTP 2023. Program aims to enhance trade ecosystem by providing mentoring and training opportunities in international trade, facilitated by Status Holders.

Amendment in Gold Import Policy: HS Code 71131911, 71131919 & 71141910

July 12, 2023 5496 Views 1 comment Print

Amendment in import policy and policy conditions of gold covered under HS codes 71131911, 71131919, and 71141910 of Chapter 71 vide Notification No. 19/2023-DGFT on July 12, 2023

SEBI Master Circular for ESG Rating Providers (ERPs) | July 2023 Update

July 12, 2023 2841 Views 0 comment Print

Master circular issued by SEBI regarding guidelines for ESG Rating Providers (ERPs). Understand regulatory framework, obligations, and compliance requirements for ERPs under SEBI (Credit Rating Agencies) Regulations, 1999.

SEBI Circular: BRSR Core and ESG Disclosures for Value Chain

July 12, 2023 9576 Views 0 comment Print

Read the latest circular from the Securities and Exchange Board of India (SEBI) introducing the BRSR Core framework for assurance and ESG disclosures for the value chain. Learn about the amendments to the LODR Regulations and the applicability of the BRSR Core to listed entities.

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