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IBBI Penalizes RP for Submitting Revised Resolution Plan to AA Without CoC Approval

July 8, 2024 267 Views 0 comment Print

IBBI suspends & Penalises RP For submitting a revised resolution plan to the Adjudicating Authority (AA) without obtaining the final approval from the Committee of Creditors (CoC)

Government Reopens PLI Scheme for White Goods (ACs & LED Lights)

July 8, 2024 270 Views 0 comment Print

Government reopens PLI Scheme for White Goods (ACs and LED Lights) from July 15 to October 12, 2024. Get details on eligibility, application process, and benefits.

SEBI (LODR) (Second Amendment) Regulations, 2024

July 8, 2024 552 Views 0 comment Print

Explore the latest amendments to SEBI’s Listing Obligations and Disclosure Requirements Regulations for 2024. Understand the impacts, changes, and compliance updates.

Draft Circular on Interest Income Treatment by Clearing Corporations on Cash Collaterals

July 6, 2024 273 Views 0 comment Print

SEBI’s draft circular on interest income from cash collaterals held by Clearing Corporations (CCs) invites public comments by July 25, 2024. Review and provide feedback.

Audit Committee Non-Constitution (Section 177): MCA Imposes whopping ₹39 Lakh Penalty

July 6, 2024 3387 Views 0 comment Print

MCA imposes penalties on Best & Crompton Engineering Projects Ltd. for failing to constitute an Audit Committee from FY 2014-15 to 2019-20. Learn more here.

Construction Services: GST Rate Clarification for Residential Flats by AAR Tamil Nadu

July 6, 2024 483 Views 0 comment Print

Explore GST Advance Ruling No. 09/ARA/2024 for Prime Expat Infra Pvt Ltd. Learn about applicable rates for residential construction services under Notification No. 11/2017.

NFRA Penalized Audit Firm & CA for negligence & inadequate due diligence

July 6, 2024 546 Views 0 comment Print

Explore NFRA Order No. 019/2024 detailing penalties imposed on M/s Singh Ajay & Co. and CA Priyank Mittal for audit lapses in Vikas Proppant and Granite Limited’s financial statements.

AAAR Rejects Ruling Application on Grounds of Pending Court Decision

July 6, 2024 246 Views 0 comment Print

AAAR Tamil Nadu rejects TANGEDCO’s application, citing pending Supreme Court decision on the matter, ensuring adherence to GST Act Section 98(2) provisions.

FAQs on New vs. Old Tax Regime (AY 2024-25)

July 5, 2024 14433 Views 0 comment Print

Get answers to FAQs on the new vs. old tax regime for AY 2024-25. Learn about the differences, benefits, and how to choose the best option for you.

DGFT Exempts Certificate of Inspection for Rice Exports to Select European Countries

July 5, 2024 246 Views 0 comment Print

Explore DGFT Notification No. 19/2024-25 dated 5th July 2024, amending export policy conditions for Basmati and Non-Basmati Rice. Detailed analysis of revised policy conditions.

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