The cases for write-off shall be initiated after adequate steps for recovery of demand have been undertaken. The foremost task for recovery of outstanding demand is the identification of movable or immovable property of a defaulter that can be attached and sold for recovery of outstanding demand(s).
Exposure draft- Insurance Regulatory and Development Authority of India (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2022
a. Do away with the mandatory electronic furnishing of Form 10F – at least for those who do not have PAN. b. Alternatively, it is prayed to of such form can be undertaken electronically without creating a PAN-based login id on the Income tax portal – and ideally by a resident payer instead of the non-resident payee.
Sunil Saraf Vs Paramount Propbuild Pvt Ltd. (NAA) The brief facts of the present case was that a reference was received from the Standing Committee on Anti-Profiteering to the DGAP for conducting a detailed investigation in respect of an application filed by the Applicant No. 1 alleging profiteering by the Respondent in respect of purchase […]
The petitioner attempted to file a representation to revoke the cancellation of registration. The same was not accepted, since the request for revocation is not filed within the statutory period of 90 (30+60) days. The representation for revocation of cancellation of registration could not be done.
The DC observes that the agenda for appointment of IRP as RP was first placed for voting before CoC in its 1st meeting dated 07.01.2020. The agenda was not approved as it received only 65.89% votes in its favour which fell short of mandatory 66% required for approval of resolution for appointment of IRP as […]
The Authority has been working on implementation of Ind AS in Insurance sector including new standard on insurance contracts in India which is equivalent of IFRS 17 (Insurance Contracts) promulgated by the International Accounting Standards Board (IASB).
The trail commission to PoPs for D-Remit Contributions of the associated Subscribers shall be @ 0.20% of the contribution amount (Minimum ₹ 15 and Maximum ₹ 10,000) similar to eNPS. The applicable charges would be recovered by unit deduction on periodical basis.
On the anti-smuggling front, last week, officers at the Chhatrapati Shivaji Maharaj International Airport, Mumbai interdicted 500 Grams of Cocaine valued at about Rs. 5 Crores concealed in the baggage of an international arriving passenger. Kudos to the officers for another fine detection.
These regulations may be called the Foreign Exchange Management (Overseas Investment) Regulations, 2022. They shall come into force on the date of their publication in the Official Gazette.
