Securities and Exchange Board of India (SEBI) has issued a Master Circular (SEBI/HO/MRD/MRD-PoD-1/P/CIR/2023/82) dated June 01, 2023, addressing Electronic Gold Receipts (EGRs). The circular consolidates previous circulars related to EGRs, including frameworks, risk management, guidelines for vault managers and depositories, etc. It rescinds previous circulars but ensures that actions taken or applications made under those […]
Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 39/2023 – Customs (N.T.) on June 1, 2023, regarding the exchange rates for import and export transactions. These rates will come into effect from June 2, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS […]
On June 1, 2023, the Registrar of Companies issued Order No. ROC-G/Adj-Penalties/Order/2023/504 to C.T. Cotton Yarn Limited for violating section 149(1) of the Companies Act 2013. The company, along with its directors – Mr. Madan Verma, Mr. Ashavin V Shinde, and Mr. Surendra Singh, were found guilty of not appointing a female director, as mandated […]
Instruction No. 01 of 2023 by Directorate of Income Tax (Systems), exploring implications for income tax payers and their response to intimation u/s 245(1) of Income Tax Act, 1961.
CBDT revises monetary limits for condonation applications for claiming refund or carry forward of losses and set-off for application filed on or after June 01, 2023 vide Circular No. 07/2023 on 31st May 2023.
SEBI proposes additional disclosures for high-risk Foreign Portfolio Investors (FPIs) to guard against circumvention of regulations and misuse of the FPI route. The proposed framework aims to enhance trust and transparency in Indian securities markets by mandating granular details on ownership, economic interest, and control of objectively identified FPIs with concentrated holdings or significant overall […]
This article presents valuable tips that can assist you in saving income tax in the current financial year. From optimizing your salary structure to utilizing tax deductions, these tips are designed to help you make the most of the available tax-saving opportunities.
SEBI) has issued an interpretative letter in response to a request for informal guidance from Nectar Lifesciences Limited. The letter addresses the applicability of Business Responsibility and Sustainability Reporting (BRSR) under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. SEBI clarifies that till the financial year 2021-2022 the top 1000 listed entities on the […]
Discover smart tax-saving strategies for a salary of 12 lakh per annum. Learn about Section 80C deductions, HRA benefits, NPS contributions, and more. Optimize your tax liability, maximize take-home income, and achieve financial goals with effective tax planning. Stay updated on tax laws, explore deductions for medical expenses and education, and keep records for a seamless tax filing process.
NCLT plays a crucial role in maintaining transparency, efficiency, and fairness in corporate governance and ensures effective enforcement of company law.
