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Mauritius now Largely Compliant with all 40 FATF Recommendations

September 5, 2022 1623 Views 0 comment Print

Mauritius was successfully upgraded on Recommendation 15 to ‘Largely Compliant’ and With this technical compliance upgrade, Mauritius is now Compliant or Largely Compliant with all 40 FATF Recommendations.

Allahabad HC Quashed Section 148 reassessment Notice for A.Y. 2014-15

September 5, 2022 1275 Views 0 comment Print

Priya Vs ITO (Allahabad High Court) Heard Sri Rahul Agarwal, learned counsel for the petitioner and Sri Gaurav Mahajan, learned counsel for the respondent nos. 1 and 2/ Income Tax Department. This writ petition has been filed praying, inter alia, for the following relief:- “(i) Issue a writ, or direction in the nature of certiorari […]

Bankers Certificate not Mandatory to Trigger CIRP under Section 9 of IBC

September 5, 2022 1839 Views 0 comment Print

NCLAT held that Banker’s Certificate is not mandatorily required to trigger CIRP under Section 9 of IBC, 2016 (Code).

Section 195 not applies to payment not in the nature of FTS to Non-Resident not having PE in India

September 5, 2022 1497 Views 0 comment Print

Assessee was not having any permanent establishment in India and was providing the service only from Singapore and therefore the provisions of Section 195 of the Act are not applicable.

IRDAI extends Guidelines on Information & Cyber Security to all Insurance Intermediaries

September 2, 2022 3567 Views 0 comment Print

It has been decided by the IRDAI to extend the applicability of Guidelines on Information and Cyber Security to all Insurance Intermediaries with immediate effect.

Overview of Free Trade Agreements and Recent Developments

September 2, 2022 1953 Views 0 comment Print

Free trade agreements essentially are agreements between two or more nations to curtail the plethora of trade barriers to imports and exports. Free trade agreements help in reducing governmental barriers including but not limited to tariffs, subsidies, restrictions, and prohibitions.

Corporate Governance Review/Audit

September 2, 2022 657 Views 0 comment Print

Although Corporate Governance (CG) is accepted by corporate world, few companies are treating the subject as an annual rigmarole mandatory requirement and due to paucity of Board time the subject is not attaining the required focus.

Appointment or Continuation of Common Director(s) u/s 48A of Insurance Act, 1938

September 2, 2022 1089 Views 0 comment Print

Applications are filed with the Authority seeking approval under section 48A of the Insurance Act, 1938, for new appointment or continuation of common director(s) representing insurance agent, intermediary or insurance intermediary on the board of insurance company.

Customs Exchange rate for Import & Export wef 2nd September, 2022

September 1, 2022 3636 Views 0 comment Print

Exchange rate Notification No. 73/2022 – Customs (N.T.) | Dated:1st September, 2022 notifying exchange rate with effect from 2nd September, 2022 against Indian Rupees for Import and Export. Government Of India Ministry of Finance Department Of Revenue Central Board Of Indirect Taxes And Customs, New Delhi ***** Notification No. 73/2022 – Customs (N.T.) | Dated:1st September, 2022 […]

Revision of fees for Limited Insolvency Examination & Valuation Exams

September 1, 2022 2331 Views 0 comment Print

Presently, the examination fee of Rs. 1,500+ applicable GST, i.e. Rs.1,770 is payable per enrolment for each of these exams. It has been decided that the fee of Rs. 5,000+ applicable GST, i.e. Rs. 5,900 for the LIE or Valuation Examinations shall be payable for each enrolment on or after 01st October 2022.

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