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Companies (Removal of Names of Companies from Register of Companies) Second Amendment Rules, 2022

August 24, 2022 3405 Views 0 comment Print

These rules may be called Companies (Removal of Names of Companies from the Register of Companies) Second Amendment Rules, 2022.

CBDT notifies Andhra Pradesh Pollution Control Board under Section 10(46)

August 24, 2022 1179 Views 0 comment Print

CBDT notifies Andhra Pradesh Pollution Control Board under Section 10(46) of income Tax Act, 1961 vide Notification No. 103/2022-Income Tax | Dated: 24.08.2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 103/2022-Income Tax | Dated: 24.08.2022 S.O. 4001(E).—In exercise of the powers conferred by clause (46) of section […]

Rajasthan GST: SOP for write-off of irrecoverable outstanding demands

August 24, 2022 3000 Views 0 comment Print

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).

Draft IRDAI (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2022

August 23, 2022 7323 Views 0 comment Print

Exposure draft-  Insurance Regulatory and Development Authority of India (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2022 

Mandatory E-Filing of Form 10F – Needs Reconsideration

August 23, 2022 87276 Views 4 comments Print

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.

Paramount Propbuild guilty of Profiteering in project ‘Paramount Golfforeste’

August 23, 2022 1950 Views 0 comment Print

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 […]

HC allows revocation of cancellation of GST registration after expiry of statutory limitation of time

August 23, 2022 8049 Views 0 comment Print

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.

Technical deficiencies in CIRP – IBBI directs IP to be more careful in future

August 22, 2022 756 Views 0 comment Print

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 […]

Expert Committee on Implementation of Ind AS/ IFRS in Insurance sector

August 22, 2022 831 Views 0 comment Print

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).

Trail commission to POPs on voluntary contributions through D-Remit by Subscribers associated to POPs under All Citizen Model

August 22, 2022 1443 Views 0 comment Print

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.

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