Certain Ind AS require capital reserve to be created toward unrealised profits arising from certain transactions or other events. However, currently, there is no specific guidance on their subsequent transfer to retained earnings or other free reserve.
Food Safety and Standards Authority of India (Transaction of Business at its meetings) Amendment Regulations, 2023.
No study on effect of withdrawal of legal tender character of the Specified Bank Notes (SBNs) on Indian economy has been published by the Government. This was stated by the Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. Certain studies on related matter […]
IBBI observes that procedural contraventions fall in the category of minor procedural deviations, hence IBBI inclined to take a lenient view
It is now mandatory for taxpayers to report a minimum of six-digit valid HSN code for their outward supplies having AATO of more than 5 crores in any previous financial year.
Activities under operating lease are integral part of ecosystem and may be included as part of shipping ecosystem in IFSC, as at present many of Indian players are going off-shore for availing these services.
The Authority finds that since valuation is more of a subjective exercise, a valuation report must be transparent and set out all the necessary information and assumptions behind the valuation estimate provided by a valuer so as to enable the stakeholders to form a judicious economic opinion on the report. The RV acknowledged that since […]
It is observed that certain listed entities are uploading the disclosure of corporate action (e.g., Record Date or Book Closure dates for Dividend, Annual General Meeting, etc.) in announcements under subjects like Outcome of the Board /Shareholder Meeting, etc.
PCCIT having their Headquarters at places specified below, to issue orders for exercise of powers & performance of functions by CIT (Appeals)
Politically Exposed Persons (PEPs)” shall have the meaning assigned to it under sub clause (db) of clause (1) of Rule 2 of the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005.
