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NFRA Circular on Statutory Auditors’ Responsibilities in Reporting Fraud in a Company

June 26, 2023 10329 Views 0 comment Print

NFRA issued a circular highlighting statutory auditors’ obligations to report fraud in accordance with Companies Act, 2013. Circular emphasizes consequences for auditors who fail to fulfill their reporting duties and clarifies that resignation does not absolve them of their responsibilities.

HC mandates Refund of Additional tax Liability to Contractors on Introduction of GST

June 26, 2023 1212 Views 0 comment Print

In Gordhandas Gobindram Vs State of Chhattisgarh, the Chhattisgarh High Court rules that additional tax liability incurred due to the implementation of GST will be reimbursed to contractors.

IRDAI Directs Life Insurers to Comply with Surrogacy and ART Acts for Insurance Coverage

June 26, 2023 672 Views 0 comment Print

IRDAI has issued a circular directing all life insurers to comply with Surrogacy Act, 2021, and ART Act, 2021. Circular emphasizes the need for suitable insurance products that provide coverage for medical expenses and specified loss or damage incurred during the processes of surrogacy and oocyte retrieval.

Investor Service Centres of Stock Exchanges – Provisions & Upgradation

June 26, 2023 720 Views 0 comment Print

Read the latest circular from SEBI regarding the provisions and upgradation of Investor Service Centres (ISCs) of stock exchanges. The circular outlines the basic minimum facilities to be provided, training requirements for officials, and the phased implementation of the circular.

Amendment to Appendix 2T of FTP 2023 – Export Promotion Council for Medical Devices

June 23, 2023 1527 Views 0 comment Print

DGFT has issued a public notice announcing an amendment to Appendix 2T of the Foreign Trade Policy (FTP) 2023. The amendment includes the addition of the Export Promotion Council for Medical Devices in the list of export promotion councils/commodity boards. This update enables the council to issue Registration-Cum-Membership Certificates (RCMC) for various medical devices and related products.

Amendment in Customs Exchange Rate for Turkish Lira from 24th June, 2023

June 23, 2023 1017 Views 0 comment Print

CBIC issued Notification No. 46/2023 – Customs (N.T.) amending exchange rate for Turkish Lira in Customs Act. This amendment will come into effect from 24th June 2023.

Rules and Code of Conduct for Bar Council Elections 2023

June 23, 2023 3045 Views 0 comment Print

ead the latest notification from the Bar Council of India regarding the rules and code of conduct for the elections of State Bar Council and Bar Council of India. Learn about the qualifications, disqualifications, and procedures involved in the elections. Stay informed and ensure fair and transparent elections.

Procedure for Reimbursement of SGST on Cinematographic Shows of Cinema Kanakamarga 

June 22, 2023 576 Views 0 comment Print

Learn about procedure for claiming reimbursement of State GST (SGST) on movie Kanakamarga in Karnataka. This circular provides detailed instructions and application formats for exhibitors to apply for reimbursement.

Calcutta HC Dismisses Writ Petition on GST Violation of Natural Justice

June 21, 2023 2124 Views 0 comment Print

Explore the Calcutta High Courts ruling in Paarabhu Dayal Jajoo vs Deputy Commissioner, dismissing a writ petition on grounds of alternative remedy under the GST Act and violation of natural justice principles.

Jupiter Wagons Ltd’s Resolution Plan to Acquire Stone India approved

June 18, 2023 1239 Views 0 comment Print

Jupiter Wagons Ltd (JWL) receives approval from Kolkata National Company Law Tribunal (NCLT) for its resolution plan to acquire a controlling stake in Stone India.

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