ICAI’s Disciplinary Committee found CA Avik Kedia guilty of professional misconduct related to certification errors. He was reprimanded and fined Rs. 25,000.
The ICAI Disciplinary Committee has reprimanded CA Naveen Kumar Khairari and imposed a ₹10,000 fine for professional misconduct related to a tax audit assignment.
SEBI issues circular on Liquidity Window for debt securities, offering a put option to improve liquidity for investors. Applicable from November 1, 2024.
SEBI improves process for FPIs, enabling same-day sale proceeds availability post-settlement, boosting efficiency and aligning with domestic investors’ timelines.
The ICAI Disciplinary Committee has reprimanded CA Sudhir Kumar Goel for professional misconduct specifically for failing to classify loans and disclose related-party transactions in financial statements.
SEBI seeks public comments on allowing Association of Persons (AOPs) to open demat accounts for holding securities, excluding equity shares. Submit by Nov 5, 2024.
Madras High Court directs rectification for IGST claimed under the wrong head in GSTR-3B due to clerical error, allowing the taxpayer to resubmit the petition.
Though the petitioner has sought for multiple reliefs, it is clear that they have confined their relief for refund of the amount of Rs.2.50 crores collected, while keeping open the other contentions in light of pending adjudication initiated by issuance of show cause notice.
The Applicant is a Personal Guarantor to M/s Indian Clothing League Private Limited (the Corporate Debtor) for the cash credit facilities to the tune of Rs. 20 crore and Rs. 15 crore from the Punjab National Bank and Allahabad Bank, respectively.
Revision order was remanded back for re-examination of assessee qualification as venture capital as where the amount had been received from the Venture Capitalists, the provisions of section 56(2)(viib) were not applicable.
