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Latest Case Law Related to IBC – October – December, 2022

February 15, 2023 2931 Views 0 comment Print

Stay up to date with the latest case law related to IBC in October, November and December 2022. Supreme Court finds OCs cannot enforce CIRP prematurely. AA must investigate plausible disputes, not feeble arguments.

SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2023

February 14, 2023 3711 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2023.

Non-submission of Balance Sheet with ROC- Penalty imposed

February 14, 2023 12867 Views 0 comment Print

WHEREAS, sub-section (1) of Section 137 of the Companies Act, 2013 provides that A copy of the financial statements, including consolidated financial statement, if any, along with all the documents which are required to be or attached to such financial statements under this Act, duly adopted at the annual general meeting of the company, shall be filed with the Registrar within thirty days of the date of annual general meeting in such manner, with such fees or additional fees as may be prescribed.

IBBI suspends IP for failing to convene CoC meeting on the request of FC

February 14, 2023 1131 Views 0 comment Print

The DC notes that Mr. Viswanathan Sankaran was present before the AA on 17.09.2021 while order for conducting CoC meeting by next week was passed. Hence it may be said that he was aware of direction by the AA. The DC further notes that representative of Canara Bank vide email dated 07.10.2021 requested to prepone […]

ICAI: Registration for Online Home Based Practical Training Assessment

February 11, 2023 12738 Views 0 comment Print

The next practical training assessment is being conducted online on March 4-5, 2023. The students who have completed their 1st/ 2nd year of practical training during April 1, 2022 – December 31, 2022 are eligible to appear in this test.

ICAI Union Budget 2023 Highlights – Indirect Taxes

February 11, 2023 3483 Views 0 comment Print

Explore ICAIs Union Budget 2023 highlights on indirect taxes. Delve into proposed amendments in CGST, IGST Acts, and Customs Act. Stay informed on changes effective after Finance Bill enactment.

Gross Direct Tax Collections for F.Y. 2022-23 – 24.09% higher than last year as on 10.02.2023

February 11, 2023 1392 Views 0 comment Print

Direct Tax Collections for F.Y. 2022-23 at ₹15.67 lakh crore – 24.09% higher than gross collections for corresponding period of last year as on 10.02.2023 Direct Tax collection, net of refunds, stands at ₹12.98 lakh crore – 18.40% higher than net collections for corresponding period of last year The provisional figures of Direct Tax collections […]

Exemption from minimum subscription requirement under regulation 86 of SEBI ICDR Regulations 2018

February 10, 2023 3348 Views 0 comment Print

For an exemption from the minimum subscription requirement under regulation 86 of SEBI ICDR Regulations 2018, the twin conditions of the proviso to the aforesaid regulation are required to be met. However, for a professionally managed listed company without identifiable promoters/promoter group, compliance with the second condition to the proviso to regulation 86 (1) of […]

Clients writing required text about Portfolio fees is must, electronic onboarding not valid: SEBI

February 10, 2023 1059 Views 0 comment Print

SEBI had noticed that clauses relating to fees and charges in the portfolio manager-client agreement did not always clearly reflect the fees and charges payable by the client and the manner of computation of the same. To bring about greater uniformity, clarity and transparency with regard to fees and charges, SEBI issued circular dated October […]

Live Webinar on Union Budget Analysis 2023 – Direct Tax Provisions

February 10, 2023 12027 Views 0 comment Print

Webinar on Union Budget Analysis 2023 will cover following changes proposed by Union Budget 2023 by CA Darshak Shah  on 11th of February 2023 at 11.00AM. 1. U/s 35D, preliminary expenses incurred before incorporation for the purpose of feasibility report, project report, etc, shall be allowed for deduction only after submission of statement to income […]

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