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Archive: 08 May 2024

Posts in 08 May 2024

Additional Requirements for Finance Company as Ship Leasing Lessor

May 8, 2024 675 Views 0 comment Print

IFSCA issued a circular dated May 8, 2024, addressing finance companies registered with IFSCA for ship leasing activity. The circular outlines additional requirements for carrying out permissible activities under the ‘Framework for Ship Leasing.’

FSSAI Suspends Reliable Analytical Labs Pvt. Ltd. Mumbai

May 8, 2024 1368 Views 0 comment Print

Learn about FSSAI’s suspension of Reliable Analytical Labs Pvt. Ltd. Mumbai, its implications, and regulatory compliance details. Read more for insights.

RBI Issues New Margin Directions for Derivative Contracts

May 8, 2024 1863 Views 0 comment Print

Read about the latest RBI circular on margin for derivative contracts, its implications, and applicability to AD Cat-I banks and AD Cat-III SPDs.

Master Direction RBI (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024

May 8, 2024 2838 Views 0 comment Print

Explore the Reserve Bank of India’s Master Direction for Margining Non-Centrally Cleared OTC Derivatives issued in 2024. Understand its implications and applicability.

MCA Imposes Penalty for Conversion of loan into Securities without special resolution

May 8, 2024 1269 Views 0 comment Print

Registrar of Companies imposes penalties on Lalitbagh Heritage Palace and Museum Pvt Ltd for violating Companies Act, 2013. Non-compliance led to fines and potential legal actions.

Procedural Fairness Prevails: Kerala HC Remands Tax Assessment in Teena Jacob vs. State Tax Officer

May 8, 2024 831 Views 0 comment Print

Kerala High Court quashes GST assessment order due to procedural flaws. Detailed analysis of Teena Jacob vs State Tax Officer case.

HC directs appellate authority to consider modified Form 26AS while disposing of appeal

May 8, 2024 561 Views 0 comment Print

Read the Kerala High Court’s judgment on rectification of Form 26AS issued by a bank, directing the FAC to review the appeal promptly.

Section 153(2A): One-Year Limit for Consequential Orders after Remand

May 8, 2024 3858 Views 0 comment Print

Kerala High Court ruling emphasizes time limits in Income Tax Act assessments on remand. Detailed analysis of Joseph Michael vs. DCIT case and its implications.

ICAI Disciplinary Committee Ruling against a CA & six CA firms affiliated with PwC

May 8, 2024 4911 Views 0 comment Print

The ICAI Disciplinary Committee imposes penalties on Neeraj Kumar Gupta for professional misconduct. Read the detailed analysis of the 2024 verdict.

Kerala HC Orders Re-Adjudication: Delay in Audited Balance Sheet Production

May 8, 2024 429 Views 0 comment Print

Kerala High Court orders re-adjudication in Kerala State Consumer Federation Ltd. vs Commissioner of Central Tax & Central Excise case due to delay in producing audited balance sheet. Full text judgment provided.

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