Read SEBI circular regarding the appointment of a nominee director by debenture trustees on issuer boards. Understand the obligations for companies and considerations for issuers governed by different statutes. Compliance guidelines and role of debenture trustees are outlined.
The Ministry of Finance, Department of Revenue, has issued Instruction No. 19/2023- Customs regarding the implementation of the India-Japan Comprehensive Economic Partnership Agreement (CEPA) for customs clearances. The instruction addresses the issue of using different versions of Harmonized System (HS) codes in the Certificate of Origin (CoO) and the Bill of Entry (B/E) for imports under the […]
Reserve Bank of India (RBI) issues a notification regarding the implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005. The RBI provides updates on the designated list of UNSC-sanctioned individuals and entities. Read more for the amendments and compliance guidelines.
MCA levied a penalty of Rs. 4 lakh on Giriraj Ginning and Pressing Private Limited for non-compliance with requirement of maintaining a registered office. Learn more about the violation and the penalties imposed.
ITAT Delhi advocates for re-adjudication in the case of KMP Expressways Ltd vs ACIT, focusing on the assessee’s status as ‘Assessee in default’ due to non-deposition of TDS in the company’s accounts.
The ITAT Delhi directed to delete interest charged u/s 201(1A) of the Income Tax Act in the case of New Delhi Television Ltd, establishing a significant precedent.
The case of Hindalco Industries Limited Vs C.C.E-Bharuch, involving a forged VKGUY/DEPB licence issue, has been remanded for reconsideration by the CESTAT Ahmedabad. Read for in-depth analysis and conclusions on this case.
Read the latest press release by the Pension Fund Regulatory and Development Authority (PFRDA) regarding their Technology Architecture (TARCH) project, aimed at transforming the pension system in India. Learn about the target state architecture, scope of work, key highlights, and technology modules involved.
The Income Tax Appellate Tribunal (ITAT) in Mumbai classifies investment in ULIP Policy as ‘Capital Asset’, with accretion on surrender taxable under ‘Income from Capital Gains’ and not ‘Income from Other Sources’.
A landmark judgement from CESTAT clarifies that brand promotion carried out by IPL player Pinal Rohit Shah for Mumbai Indians does not fall under the category of Business Auxiliary Service. Understand the case details, analysis and implications here.
