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Archive: 15 May 2024

Posts in 15 May 2024

Related Party Transactions (RPTs) under section 188 of Companies Act, 2013

May 15, 2024 25485 Views 0 comment Print

Understand the intricacies of Related Party Transactions (RPTs) under Section 188 of the Companies Act, 2013. Learn about board approvals, shareholder consent, exemptions, and compliance essentials.

Master Circular on Expenses of Management, including Commission, of Insurers, 2024

May 15, 2024 1692 Views 0 comment Print

Understand the guidelines & regulations for managing expenses, commissions, & business plans of insurers in the 2024 Master Circular.

Master Circular on Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers, 2024

May 15, 2024 1833 Views 0 comment Print

Explore IRDAI’s latest Master Circular on registration, capital structure, share transfer, and amalgamation rules for insurers in 2024.

RBI Assigns Lead Bank Role to Indian Bank for New Biswanath District

May 15, 2024 618 Views 0 comment Print

RBI designates Indian Bank as the Lead Bank for the newly formed Biswanath district in Assam, maintaining stability in banking operations.

Difference between Private Placement & Preferential allotment

May 15, 2024 5406 Views 0 comment Print

Explore the nuances between Preferential Allotment and Private Placement in corporate financing. Understand their differences in regulations, investors, and execution speed.

SAED on Petroleum Crude Production Reduced to ₹5,700 per Tonne from 16.05.2024

May 15, 2024 480 Views 0 comment Print

SAED on Petroleum Crude Production Reduced to ₹5,700 per Tonne from May 16, 2024 from earlier ₹8,400 per Tonne vide Notification No. 14/2024-Central Excise | Dated: 15th May, 2024.

Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold & Silver wef 16.05.2024

May 15, 2024 1224 Views 0 comment Print

Ministry of Finance updates tariff values for edible oils, brass scrap, areca nuts, gold, and silver effective May 16, 2024. Detailed notification inside.

GSTR 9C reconciliation statement not considered: HC directs reconsideration

May 15, 2024 9390 Views 0 comment Print

HC noted oversight in considering documents like GSTR 9C reconciliation statement and deemed it necessary to provide petitioner with an opportunity to contest tax demand.

Reply not considered, Madras HC Sets Aside GST Order, Remands for Reconsideration

May 15, 2024 1023 Views 0 comment Print

In Winndsor Cotton Mills (P) Ltd. vs Assistant Commissioner (ST), Madras HC nullifies GST DRC-07 order for not considering petitioner’s replies, directing a fresh review.

TNVAT: Remand Ordered Due to Incorrect Assumption of Inter-state Sales

May 15, 2024 873 Views 0 comment Print

Madras High Court sets aside GST demand order due to lack of reasonable hearing opportunity. Orient Electricals case detailed analysis.

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