NSE announces penalties for Merchant Bankers failing in SME market making duties, effective October 1, 2024.
SEBI amends the Delisting of Equity Shares Regulations to enhance compliance and transparency in the delisting process, effective from September 2024.
The GST Council has formed a Group of Ministers to propose a new taxation system to replace the Compensation Cess after its abolition. Report due by Dec 31, 2024.
ED has frozen ₹6.04 crore linked to the fraudulent TradingFX app, which operated as a Ponzi scheme. Ongoing investigations are uncovering further details.
The Central Government increases minimum wage rates by revising the Variable Dearness Allowance, effective October 1, 2024, aiding workers in the unorganized sector.
MCA addresses stakeholder concerns with a new team to ensure compliance on the MCA21 Portal and streamline business processes for companies and LLPs.
SEBI has established an FPI Outreach Cell to assist foreign investors with documentation, compliance, and onboarding in the Indian securities market.
Madras High Court held that there cannot be any excuse for not filing the counter affidavits in time. Thus, Standing Counsel directed to be prompt in filing the counter affidavits and make themselves ready to argue the cases without seeking more adjournments.
The action for reassessment which was commenced pursuant to the Section 148A(b) notice dated 27 May 2022 could not be countenanced and was liable to be quashed as there were no reasons underlying the formation of opinion that income had escaped assessment.
Kerala High Court held that income received by Co-operative Society by way of interest, on deposits of surplus profits earned by it, qualifies for the deduction contemplated under Section 80P(2)(a) of the Income Tax Act.
