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Lighthouse Accounting and Financial Powers (Amendment) Rules, 2021

April 16, 2021 2256 Views 0 comment Print

1) These Rules may be called the Lighthouse Accounting and Financial Powers (Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

Section 139 | ICAI clarifies on Appointment of Auditor for two terms

April 15, 2021 7620 Views 0 comment Print

Whether a Proprietary firm (having FRN) or individual CA who is practicing either in his own name or trade name can be appointed for two terms as per Section 139 of Companies Act, 2013?

Facility Management Industry- Key Risk Areas

April 15, 2021 4386 Views 0 comment Print

The Facility Management (FM) industry is borne out as the means of providing maintenance support, user management and project management. It has grown dramatically over the past two decades, owing to the major urbanization and industrialization.

Secured Debts have priority against Government dues in respect of Assets against which such loan was given

April 15, 2021 1479 Views 0 comment Print

State Bank of India Vs Assistant Commissioner (ST) (Madras High Court) Whether the Financial Institution, which is a secured creditor, or the department of the government concerned, would have the ‘Priority of Charge’ over the mortgaged property in question, with regard to the tax and other dues? No doubt that the rights of a secured […]

Govt amends Courts for trial of cases under PMLA in Kerala

April 15, 2021 1509 Views 0 comment Print

Govt amends Courts for trial of cases under Prevention of Money Laundering Act, 2002 (PMLA 2002) in Kerala in consultation with the Chief Justice of the concerned High Court. MINISTRY OF FINANCE (Department of Revenue) Notification New Delhi, the 15th April, 2021 S.O. 1648 (E).—In exercise of the powers conferred by sub-section (1) of section […]

Tariff Notification No. 42/2021-Customs (N.T.), Dated: 15.04.2021

April 15, 2021 870 Views 0 comment Print

Tariff Notification No. 42/2021-Customs (N.T.), Dated: 15.04.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 42/2021-Customs (N.T.) New Delhi, 15th April, 2021 25 Chaitra, 1943 (SAKA) S.O. […]

Virtual CFO Service – A Smart Choice for The MSMEs

April 14, 2021 2355 Views 1 comment Print

CA Preeti Gupta MSMEs (Micro Small and Medium Enterprises) are considered to be the backbone of the Indian economy considering their valuable contribution to the socio-economic development of the country. An MSME is relatively a small scale organisation where timely availability of funds and its proper management are extremely important for its long run sustainability and success.

CBSE Class ‘X’ Exam Cancelled & Class ‘XII’ Exam Postponed

April 14, 2021 558 Views 0 comment Print

The Board Exams for Class XII to be held from May 4th to June 14th 2021 are hereby postponed. These exams will be held hereafter. The situation will be reviewed  on 15  June, 2021 by the Board, and details will be shared subsequently. A notice of at least 15 days will be given before the start of the examinations.

Interim orders of ‘not to arrest’ or ‘no coercive steps’ cannot be passed mechanically: SC

April 13, 2021 7152 Views 0 comment Print

Neeharika Infrastructure Pvt. Ltd. Vs State of Maharashtra (Supreme Court) FULL TEXT OF THE SUPREME COURT JUDGMENT/ORDER The principal issue which arises is when and where the High Court would be justified in passing an interim order either staying the further investigation in the FIR/complaint or interim order in the nature of ‘no coercive steps’ […]

Running of Business by Manager not sufficient ground for Bail in GST Evasion Case

April 13, 2021 1095 Views 0 comment Print

Smt. Chhaya Devi Vs Union Of India (Andhra Pradesh High Court) FULL TEXT OF THE JUDGMENT/ORDER OF ANDHRA PRADESH HIGH COURT Admittedly in the case in hand the applicant is the proprietor of the company and is responsible to the company for conduct of the business of the company, even if the business is being […]

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