The RBI has issued guidelines for Regulated Entities to combat financial fraud via voice calls and SMS by utilizing DoT’s Mobile Number Revocation List, adhering to specific numbering series for communications, and enhancing customer awareness.
Erroneous MCA data classifying Independent Directors as ‘Directors’ leads to legal issues, prompting a systemic correction to protect governance professionals.
Delhi High Court orders MCA to review independent director’s request for designation correction in official records to prevent undue legal implications.
Key points for auditors on Clause 34 of the Tax Audit Report, covering TDS/TCS compliance, statement furnishing requirements, and interest liability under Sections 201(1A) and 206C(7).
Borrowing from directors requires Audit Committee approval as a related party transaction under the Companies Act, 2013, even if not covered by Section 188. Post-transaction approval may be voidable.
India’s CCPA issued 2024 guidelines to curb deceptive advertising by coaching centers, mandating transparency and prohibiting false claims about success rates, faculty, and guaranteed outcomes.
Secretarial auditors must maintain professional skepticism and judgment to detect fraud by company officers or employees, reporting findings to management, the Board, or the Central Government as per Companies Act, 2013 regulations.
Learn about the taxation of Systematic Withdrawal Plans (SWP), Income Distribution cum Capital Withdrawal (IDCW), and Growth Funds, plus tax-saving strategies like loss harvesting.
Supreme Court rules a company is a ‘person’ under the 1986 Consumer Protection Act, enabling it to file deficiency of service complaints. Case remanded for re-examination of fire insurance claim.
India’s Maternity Benefit Act, 1961, grants paid maternity leave to all employed women, regardless of marital status, covering miscarriage, adoption, and imposing penalties for employer non-compliance.
