The First Appellate Authority held that the RTI application remained undisposed beyond the statutory period and directed the CPIO to dispose of it expeditiously.
Smt. Ranjana Kumari/Kalta Vs DCIT/ACIT (Central) (ITAT Chandigarh) The appeals involved three assessees belonging to the Kalta Group and covered Assessment Years (AYs) 2020-21 to 2023-24. Although several legal grounds were initially raised, the assessees did not press those grounds during the hearing. Accordingly, the Income Tax Appellate Tribunal (ITAT), Chandigarh, confined itself to deciding […]
SEBI has introduced significant reforms by reclassifying REITs as equity instruments and easing operational rules for InvITs. The changes aim to improve market efficiency while leaving key insolvency and regulatory issues unresolved.
The article explains that SBI and PNB are statutory bodies created under separate Acts and are therefore not governed by the Companies Act, 2013.
The article explains that eligible Government companies require Central Government approval under Sections 230–232. NCLT approval is replaced by virtue of the 2017 MCA notification.
The article examines the Hamlin Trust ruling, where the NCLAT held that CFO appointments must satisfy Section 203 eligibility requirements. It discusses the implications for private companies voluntarily appointing KMPs.
Section 186(2) covers guarantees connected with loans, while MCA Circular No. 04/2015 clarifies that genuine performance guarantees issued in the ordinary course of business are excluded from the prescribed limits.
Learn whether principal, accrued interest, and unpaid interest should be included in Form DPT-3 and how to report them correctly using the Adjustment column.
The article explains that under the Companies Act, direct shareholding determines associate company status. Ind AS 28, however, treats C Limited as an associate only for consolidated accounts.
ICAI has partnered with Sarvam AI to promote AI adoption, digital upskilling, and professional learning for Chartered Accountants. The initiative reinforces that AI will enhance efficiency while professional judgment remains indispensable.
