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Archive: 22 October 2024

Posts in 22 October 2024

GST Update for Metal Scrap Buyers: New Registration Rules

October 22, 2024 7446 Views 0 comment Print

GSTN updates registration process for metal scrap buyers via GST REG-07, effective October 22, 2024, ensuring compliance with new regulations.

Draft SEBI circular on recognition as Specified Digital Platform

October 22, 2024 417 Views 0 comment Print

SEBI seeks public comments on its draft circular for recognizing digital platforms as Specified Digital Platforms. Feedback is due by November 12, 2024.

SEBI Modifies Foreign Portfolio Investor Rules for IFSCs

October 22, 2024 441 Views 0 comment Print

SEBI updates Common Application Form for FPIs in IFSCs, allowing up to 100% NRI/OCI/RI participation under revised regulations.

IBBI suspends Insolvency Professional for negligence during CIRP

October 22, 2024 378 Views 0 comment Print

IBBI issues order against Mr. Rattan Chaudhry for failing to control assets during CIRP of Classic Bottle Caps.

Inclusion of Mutual Fund units in SEBI (Prohibition of Insider Trading) Regulations, 2015

October 22, 2024 525 Views 0 comment Print

SEBI circular includes mutual fund units under insider trading regulations, effective November 1, 2024, outlining disclosure requirements for AMCs.

SEBI Circular on Regulated Persons’ Associations

October 22, 2024 261 Views 0 comment Print

SEBI issues guidelines on associations of regulated persons with advisors, emphasizing compliance and restrictions on unregistered advice.

Validation of Bank Account Details in Non-Core Amendment in GST

October 22, 2024 732 Views 0 comment Print

GSTN introduces a validation process for updating bank account details during non-core amendments. Follow the guidelines to ensure compliance.

Reduction of securities premium by reduction of share capital or through scheme of arrangement?

October 22, 2024 732 Views 0 comment Print

Learn how securities premium can be reduced under the Companies Act 2013 using Section 66 or through a scheme of arrangement under Section 230.

Show cause notice u/s. 148A in the name of deceased person untenable: Kerala HC

October 22, 2024 606 Views 0 comment Print

Kerala High Court held that show cause notice u/s. 148A in the name of deceased person untenable. Accordingly, writ petition allowed with direction to issue fresh notice under section 148A (b) of the Income Tax Act.

No liability of TDS u/s 194 I if revenue was shared with Franchise without rendering of actual services

October 22, 2024 477 Views 0 comment Print

Assessee was engaged in the business of slimming and beauty services. During assessment proceedings, AO observed that assessee was carrying substantial credit balances as current liabilities under the head ‘Advance from customers’.

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