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Archive: March, 2024

Posts in March, 2024

Interest Equalization Scheme: Rs. 2.50 Cr per IEC cap for Quarter ending on 30.06.2024

March 20, 2024 990 Views 0 comment Print

Stay updated on the recent amendments to Indias Interest Equalization Scheme, their implications, and the extended deadline till 30.06.2024

SEBI Circular 2024: Amendments to FPI Disclosure Requirements

March 20, 2024 2454 Views 0 comment Print

SEBI’s latest circular amends FPI disclosure rules, exempting certain FPIs from additional disclosures based on specific criteria. Learn more about the changes here.

SEBI Circular: Safeguards for Dematerialized Securities Transfer

March 20, 2024 1272 Views 0 comment Print

Understand the amendments to SEBI’s master circular for depositories addressing concerns of investors regarding securities transfer in dematerialized mode.

Rule 11UA(2)(A) Doesn’t Mandate Valuation Report for NAV Method: Delhi ITAT

March 20, 2024 2439 Views 0 comment Print

DCIT vs Continental Corrugators Pvt. Ltd. – Delhi ITAT rules Rule 11UA(2)(A) doesn’t require a valuation report for substantiation under NAV method for determining FMV. Full analysis here.

IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024

March 20, 2024 5673 Views 0 comment Print

Explore the Insurance Regulatory and Development Authority of Indias latest regulations on registration, capital structure, share transfers, and insurer amalgamation in 2024.

Tycoons Empire Intl. Ltd. Penalized for non-filing of Financial Statement

March 20, 2024 699 Views 0 comment Print

Adjudication order under Companies Act 2013 for WS Tycoons Empire International Ltd. Failure to file financial statements leads to penalties.

Assessment Order Not Sustainable If ASMT-12 Issued for Same tax Demand

March 20, 2024 3996 Views 0 comment Print

Learn about the case of Radiant Cash Management Services Ltd. vs. Assistant Commissioner (ST) at the Madras High Court, where an assessment order was challenged due to the issuance of ASMT-12.

HC Upholds Deletion of Share Capital Addition Under Section 68

March 20, 2024 1215 Views 0 comment Print

Read about the Calcutta High Court’s decision to uphold the deletion of share capital addition under Section 68 of the Income Tax Act, as identity, creditworthiness, and genuineness of transactions were established.

Non-mention of DIN on Balance Sheet & P&L Account: MCA imposes Penalty

March 20, 2024 27220 Views 0 comment Print

Calcutta South Club Ltd faces a ₹2 lakh penalty for failing to mention Director Identification Numbers in financial statements, as per Section 158 of the Companies Act, 2013.

Delhi HC Directs Decision on DVAT Act Refund Claim within 4 Weeks

March 20, 2024 450 Views 0 comment Print

Delhi High Court orders refund decision within 4 weeks for Central Herbal Expo’s claim under DVAT Act. Get insights into the judgment.

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