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CBIC explains aspects of Foreign Trade Policy, 2023 & Handbook of Procedures

May 24, 2023 2637 Views 0 comment Print

Circular No. 12/2023 -Custom Dated: 24th May 2023  provides information on customs notifications related to duty remission/exemption schemes and Export Promotion Capital Goods (EPCG) schemes, as well as highlights key aspects of the FTP and Handbook of Procedures (HBP). It also urges relevant authorities to ensure timely processing of applications and address any difficulties faced […]

Advantages of Financing Your Bike Purchase

May 24, 2023 1671 Views 0 comment Print

While you may think that saving up to buy your bike may be better than taking on debt, there are a few reasons that make a bike loan a smarter choice.

SEBI proposes Review of Total Expense Ratio for Mutual Fund Schemes

May 24, 2023 2676 Views 0 comment Print

SEBI Consultation Paper on Review of Total Expense Ratio charged by Asset Management Companies (AMCs) to unitholders of schemes of Mutual Funds to facilitate greater transparency and accrual of benefits of economies of scale to investors The Securities and Exchange Board of India (SEBI) has released a consultation paper seeking public comments on the review […]

Generation & quoting of RFN on search/inspection communication/document

May 23, 2023 2856 Views 0 comment Print

Most of such documents have a system-generated unique identifier DIN (Document Identification Number)/ RFN (Reference Number). These documents, by virtue of being generated by the System, are already traceable in the portal, mostly on the taxpayer’s dashboard.

IRDAI cautioned Acko Insurance to Comply advertisement guideline

May 22, 2023 1308 Views 0 comment Print

Insurer is cautioned to exercise care and diligence in releasing advertisements and not to quote features/benefits that are applicable under extreme/exceptional scenarios. Insurer is further directed to strictly comply in letter and spirit with the relevant IRDAI (Insurance Advertisements and Disclosure) Regulations

IFSCA Clarifies Due Date for Recognition of NPA in Factoring & Forfaiting 

May 22, 2023 903 Views 0 comment Print

 International Financial Services Centres Authority (IFSCA) Clarifies Due Date for Recognition of Non-Performing Assets (NPAs) in Factoring and Forfaiting Guidelines The International Financial Services Centres Authority (IFSCA) has issued a circular providing clarification on the guidelines for factoring and forfaiting of receivables. The clarification pertains to the due date for recognizing Non-Performing Assets (NPAs) as […]

Interest on delayed GST payment not payable on credit component

May 22, 2023 7203 Views 0 comment Print

Sri Priyanga Agencies Vs Assistant Commissioner of CGST & Central Excise (Madras High Court) In a case between Sri Priyanga Agencies and the Assistant Commissioner of CGST & Central Excise, the Madras High Court has issued a common order. The court has disposed of the main writ petition and two related Writ Miscellaneous Petitions (WMPs). […]

HC directs department to issue Section 148 notice to legal representative of Deceased Assessee

May 18, 2023 1125 Views 0 comment Print

In the case of J. Kishorekumar Vs ITO, Madras High Court examines tax notices issued to deceased assessee’s legal representative, offering detailed insights into legal implications and proceedings.

Payment of Excess Managerial Remuneration – MCA imposes penalty

May 18, 2023 3006 Views 0 comment Print

Penalties for violating Section 197 of Companies Act as company paid managerial remuneration to a director exceeding requisite approvals

Company Secretaries in Practice can act as IPR/Trade Marks agent: ICSI

May 18, 2023 5490 Views 0 comment Print

Company Secretaries in Practice are allowed to be registered as Trade Marks Agent under Rule 144 of the Trade Marks Rules, 2017, read with the Company Secretaries Act, 1980 and the Regulations made thereunder.

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