The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
The MCA introduced a streamlined process for updating registered email IDs of companies and LLPs. The update ensures seamless receipt of regulatory notices and improves data accuracy across the MCA21 portal.
Supreme Court held that initiation of administrative proceedings for disciplinary action against air force pilot not justifiable since criminal court already discharged the officer on the same charges. Also held that discharge is at a higher pedestal than an acquittal.
The clarification confirms that Small Companies remain exempt from Rule 9A even after obtaining an ISIN. Compliance obligations arise only when the law mandates, not due to voluntary actions.
The issue involves failure in DIR-3 KYC filing due to DSC mismatch. MCA clarified that proper DSC registration with DIN is mandatory to complete compliance successfully.
Supreme Court held that negligence on part of bank in presentation of cheque within the validity period of cheque leads to ‘deficiency in service’ under the Consumer Protection Act. Accordingly, compensation entitled to be awarded to the consumer.
The reform replaces dividend-based taxation with capital gains to ensure only real income is taxed. It removes the distortion of taxing full buyback proceeds without cost deduction.
The Tribunal held that maintaining ticket prices by increasing base price after GST reduction violated Section 171. It directed deposit of profiteered amount while denying penalty due to non-retrospective applicability.
The issue involved false reports about a new authority for CA exams. ICAI clarified that no such proposal is confirmed, urging students to ignore rumors and focus on exams.
The Commission found no proof that tender conditions excluded competitors or favoured select players. It held that procurement terms alone do not violate competition law.
