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Archive: February, 2024

Posts in February, 2024

RBI Inclusion of Clearing Corporation as Financial Info Provider

February 22, 2024 627 Views 0 comment Print

Discover the latest RBI update (RBI/2023-24/125) on including Clearing Corporation as a Financial Info Provider under Account Aggregator Framework. Insights on RBI Retail Direct Scheme and its impact on retail investors

IBBI Circular: Transparency Boost in Liquidation Process

February 22, 2024 1803 Views 0 comment Print

Insolvency and Bankruptcy Board of India enhances transparency in liquidation. Learn about progress reports, stakeholder engagement, and regulatory directives in the latest circular.

IBBI Circular: Unclaimed Dividends Withdrawal Guidelines

February 22, 2024 702 Views 0 comment Print

Stay updated with IBBI Circular No. IBBI/LIQ/69/2024. Learn about withdrawal guidelines for unclaimed dividends. Compliance with Liquidation Regulations ensured.

NFRA Imposes Monetary Penalty & Two-Year Debarment from Auditing for CA

February 22, 2024 2223 Views 0 comment Print

The NFRA issues an order against CA Ratan Laxminarayan Rathi for professional misconduct in the audit of Bilcare Limited. Discover the lapses, penalties, and sanctions imposed.

Payments to MSME vendors and Section 43B(h) disallowance

February 22, 2024 6000 Views 0 comment Print

Learn about the financial implications of late payments to MSME vendors under the MSMED Act and Finance Bill, 2023, and how it affects tax deductions.

IBC: Liquidation Process Amendments 2024 by IBBI

February 22, 2024 2784 Views 0 comment Print

Explore the recent amendments to the IBBI (Liquidation Process) Regulations, 2016, enhancing stakeholder oversight and streamlining the liquidation process.

Understanding Recent Amendment to Section 43B(h) of Income Tax Act in India

February 22, 2024 1638 Views 0 comment Print

Explore the amendment to Section 43B(h) of the Income Tax Act, 1961, which now includes deductions for contributions to state welfare funds for employees.

Section 182 of Companies Act: A Blow to Transparency and Democracy?

February 22, 2024 2703 Views 0 comment Print

Explore the Supreme Court’s critique of Section 182 of the Companies Act, 2013, emphasizing transparency and democracy in political funding.

Professional Opportunities for a Chartered Accountant- Emerging Area “International Taxation”

February 22, 2024 4692 Views 2 comments Print

Explore the emerging area of International Taxation for Chartered Accountants, highlighting the opportunities due to globalization, advisory roles, and regulatory expertise.

Identification of Beneficiaries (during EPF assessment proceeding)

February 22, 2024 2397 Views 0 comment Print

Explore how identification of beneficiaries impacts EPF assessment proceedings, including legal procedures and challenges faced by employers and authorities.

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