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Archive: 26 June 2024

Posts in 26 June 2024

ICAI Penalises CA for Audit Lapses in Group Companies

June 26, 2024 486 Views 0 comment Print

CA. Ramesh Kumar Maheshwari removed from ICAI register for three months and fined ₹1 lakh for professional misconduct and audit failures.

Same Day Investment of NPS Contributions (T+0) from 1st July 2024

June 26, 2024 1860 Views 0 comment Print

Explore PFRDA Circular No. PFRDA/2024/13/SUP-CRA/07 on same-day investment for NPS contributions effective from 1st July 2024. Understand its impact on stakeholders and NPS subscribers.

AOC-4 submission without Cash flow statement: ICAI Penalizes CA

June 26, 2024 348 Views 0 comment Print

ICAI found CA Anand Chauhan guilty of misconduct and imposed a ₹25,000 fine. Non-payment may lead to temporary removal from members’ register.

Provisioning for Country Risk

June 26, 2024 3144 Views 0 comment Print

Learn how banks manage country risk through provisioning for both funded and non-funded exposures. Understand the guidelines, disclosures, and reporting requirements.

IGST refund rejected without giving any reasons: Bombay HC set-aside order

June 26, 2024 672 Views 0 comment Print

Explore the Bombay High Court judgment in Sanjeev Suresh Desai Vs Union of India. Analysis of refund application rejection and remand for denovo consideration.

Invoice not produced due to Covid-19: Bombay HC directs reconsideration

June 26, 2024 507 Views 0 comment Print

Explore the detailed judgment of Nitco Paints Pvt. Ltd. Vs Union of India by the Bombay High Court. Learn about the case background, analysis, and implications.

New Goods Notified Under Securities Contracts Regulation

June 26, 2024 1002 Views 0 comment Print

Ministry of Finance updates the list of goods under Securities Contracts (Regulation) Act, 1956, including cereals, oilseeds, spices, metals, and more as of June 26, 2024.

SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2024

June 26, 2024 1380 Views 0 comment Print

SEBI announces amendments to Foreign Portfolio Investors Regulations 2024, impacting investment limits and conditions for NRIs and overseas citizens.

IBBI Disciplinary Committee imposes Rs. 2 Lakh Penalty on Insolvency Professional

June 26, 2024 1029 Views 0 comment Print

Explore the IBBI Disciplinary Committees detailed order on Shashi Agarwal, analyzing alleged contraventions, submissions, and conclusions in insolvency cases.

CESTAT Hyderabad sets aside gold confiscation order as Assessee discharges Burden of Proof

June 26, 2024 648 Views 0 comment Print

CESTAT Hyderabad sets aside gold confiscation order against Rayapudi Rajasekhar. Read the full analysis of the case and the detailed judgment.

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