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Archive: 28 February 2024

Posts in 28 February 2024

RBI’s Updated Regulatory Sandbox Framework: A Deep Dive

February 28, 2024 2919 Views 0 comment Print

Explore the Reserve Bank of Indias revised Regulatory Sandbox Framework, its objectives, benefits, risks, eligibility criteria, and the end-to-end process unveiled on February 28, 2024.

RBI Seeks Feedback on Climate-related Financial Risks Framework 2024

February 28, 2024 1194 Views 0 comment Print

Reserve Bank of India invites comments on the Draft Disclosure Framework for Climate-related Financial Risks, 2024. Learn about guidelines and impacts. Act now

Financial Literacy and Key Financial Aspect

February 28, 2024 1320 Views 0 comment Print

Discover the importance of financial literacy for making sound decisions. Learn about budgeting, mindful spending, credit management, and more for financial sustainability.

Customs Duty Update: Name Change for Acetone Producer

February 28, 2024 1155 Views 0 comment Print

Ministry of Finance amends anti-dumping duty on Acetone from EU, Singapore, South Africa, and USA. Name change for producer INEOS Phenol Singapore Pte. Ltd. Details of notification.

Nomination & Remuneration Committee provisions not applies to private limited entity 

February 28, 2024 1875 Views 0 comment Print

Authorized Representative of the company highlighted the company’s status as a private limited entity during the fiscal year 2015-16, arguing that the provisions concerning the constitution of the Nomination and Remuneration Committee were inapplicable.

FAQs on IFSCA (Payment Services) Regulations, 2024

February 28, 2024 1320 Views 0 comment Print

Get insights into the IFSCA Payment Services Regulations 2024 FAQs. Learn about authorization, payment services, and regulatory compliance. Contact IFSCA for details.

Service tax demands cannot be imposed solely on ITR/26AS statements: CESTAT Hyderabad

February 28, 2024 6867 Views 0 comment Print

CESTAT clarifies service tax demands cannot be based solely on ITR or 26AS statements. The department must prove service provision, recipient, and consideration. This decision upholds consistent rulings and protects businesses from unsubstantiated demands.

MCA imposes penalty on Company & Directors for Section 62(1)(b) Violation

February 28, 2024 2766 Views 0 comment Print

Explore the penalty order issued by the Adjudicating Officer against Krazzy Fin Pvt Ltd for violating Section 62(1)(b) of the Companies Act, 2013. Understand the case details and implications.

CESTAT Orders Proper Delivery of Final Order to Vedanta

February 28, 2024 1572 Views 0 comment Print

CESTAT directed the customs department to deliver a certified copy of their final order to Vedanta Limited following proper procedures. This ensures Vedanta receives the order and can exercise their appeal rights.

Redemption Fine cannot Exceed Product’s Market Value Minus Duty: CESTAT

February 28, 2024 948 Views 0 comment Print

CESTAT Chennai rules redemption fine cannot exceed market value in Vinayaga Traders vs Commissioner of Customs case, setting precedent for import disputes.

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