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Archive: August, 2024

Posts in August, 2024

SEBI amends Board nomination rights to unitholders of InvITs

August 6, 2024 723 Views 0 comment Print

SEBI amends rules for InvIT unitholder board nominations, clarifying rights when overlapping with lender nominations. Effective immediately from August 6, 2024.

SEBI Clarifies Board Nomination Rights for REIT Unitholders

August 6, 2024 675 Views 0 comment Print

SEBI amends rules to clarify board nomination rights for REIT unitholders, ensuring no overlap with lender rights. Effective immediately from August 6, 2024.

Guidelines for Committee of Creditors by IBBI

August 6, 2024 801 Views 0 comment Print

New guidelines for the Committee of Creditors by IBBI focus on enhancing decision-making, transparency, and efficiency in insolvency resolution processes.

Carriage of Goods by Sea Bill, 2024 as introduced in Lok Sabha

August 6, 2024 1008 Views 0 comment Print

Explore the Carriage of Goods by Sea Bill 2024, outlining carrier responsibilities, liabilities, and rights based on international conventions and new provisions.

Bills of Lading Bill, 2024 as introduced in Lok Sabha

August 6, 2024 1857 Views 0 comment Print

The Bills of Lading Bill 2024 updates the transfer of rights and liabilities to consignees and endorses, repealing the 1856 Act and introducing new provisions. (160 Characters)

Banking Laws (Amendment) Bill, 2024 as introduced in Lok Sabha

August 6, 2024 1992 Views 0 comment Print

The Banking Laws (Amendment) Bill, 2024 revises key provisions in the Reserve Bank of India Act, Banking Regulation Act, and related laws, including changes to financial reporting and banking operations.

Sale of shares on stock exchange cannot be treated as unexplained u/s. 68: ITAT Mumbai

August 6, 2024 2301 Views 0 comment Print

ITAT Mumbai held that addition in respect of sale proceeds received for sale of shares on the stock exchange (BSE) as unexplained cash credit under section 68 of the Income Tax Act unjustified.

Discussion of each query in assessment order is not mandatory: Bombay HC

August 6, 2024 867 Views 0 comment Print

Bombay High Court held that it is not necessary that an assessment order should contain reference and/or discussion to disclose its satisfaction in respect of the each and every query raised.

Income Tax Relief to Cooperative Societies

August 6, 2024 2976 Views 0 comment Print

The Ministry of Cooperation announces tax relief for cooperatives, including reduced surcharges, updated cash thresholds, and more, to boost rural and farming communities.

Consultation Paper on Review of IFSCA (Fund Management) Regulations, 2022

August 6, 2024 819 Views 0 comment Print

IFSCA reviews Fund Management Regulations 2022 to enhance ease of business, introduce safeguards, and provide clarifications. Public comments invited by August 26, 2024.

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