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Hallmarking of Gold Jewellery and Gold Artefacts (Amendment) Order, 2023

March 3, 2023 1842 Views 1 comment Print

No person shall, after 31st March, 2023, sell or display or offer to sell any Gold jewellery or Gold Artefacts unless it is hallmarked in accordance with the standards specified in IS 1417:2016 as amended by notification number Ref: HQ-PUB014/1/2020-PUB-BIS (191), dated the 7th July, 2021, published in the Gazette of India, Extraordinary, Part III, Section 4, dated the 15th July, 2021.

CBDT amends Income tax Notification No. 61/2022 dated 10th June, 2022

March 1, 2023 4107 Views 0 comment Print

Notification under sub sections (1), (2) and (5) of section 120 of the Income tax Act, 1961 (43 of 1961) – Notification No. 10/2023-Income Tax Dated:1st March, 2023 MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 10/2023-Income Tax Dated: 01st March, 2023 S.O. 951(E).—In exercise of the powers conferred by […]

MCA imposes penalty on company for Private placement in violation of section 42(7)

March 1, 2023 7095 Views 0 comment Print

a. That the provision pursuant to sub-section (7) of Section 42 of the Act, no company issuing securities under this section shall release any public advertisements or utilize any media, marketing or distribution channels or agents to inform the public at large about such an issue. As mentioned in para (IX)(d) above, with the use […]

Setting up of Units under section 144B(3) of Income-tax Act, 1961

March 1, 2023 1881 Views 0 comment Print

In pursuance of sub-section (3) of section 144B of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby makes the following amendments in the Office Order — 2 of even number dated 10.06.2022

IFSCA: Net worth requirements for a Bullion Exchange & Bullion Clearing Corporation

March 1, 2023 1482 Views 0 comment Print

A Bullion Clearing Corporation shall also establish and maintain a fund called Core Settlement Guarantee Fund to guarantee the settlement of trades executed on the Bullion Exchange, in accordance with the norms issued from time to time by the The contribution made by Bullion Clearing Corporation to the Core Settlement Guarantee Fund shall be considered as part of its net worth.

Setting up of Appeal Units under “Faceless Appeal Scheme 2021

March 1, 2023 2409 Views 0 comment Print

In pursuance of para 4 of S.O. 5429(E) Notification No. 139/2021/F.No.370142/66/2021- TPL, dated the 28th December, 2021, notifying the Faceless Appeal Scheme, 2021, the Central Board of Direct Taxes hereby makes the following amendments in the Office Order — 4 of even number dated 29.12.2021

RBI increases Fees for Bank audit from FY 2022-23

March 1, 2023 229083 Views 0 comment Print

RBI increases remuneration payable to Statutory Central Auditors (SCAs) & Branch Auditors (SBAs) of Nationalised Banks (NBs) from FY 2022-23

Weekly newsletter from Chairman, CBIC dated 28/02/2023

February 28, 2023 1092 Views 0 comment Print

On the anti-smuggling front, in a major breakthrough, officers of the Directorate of Revenue Intelligence (DRI), in a well coordinated, pan India operation apprehended a syndicate of foreign nationals involved in the smuggling of large quantities of Gold through the India-Nepal border.

IBBI suspends IP for various contraventions of IBC 2016

February 28, 2023 618 Views 0 comment Print

The Authority does not agree with the assumption of Mr. Sandeep Kumar Agarwal that as a normal banking practice Corporation Bank would definitely adjust this FD against its dues and accordingly nil amount is considered. Mr. Sandeep Kumar Agarwal did not check with banks or liquidator whether actual adjustment has been done and whether the […]

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2023

February 28, 2023 2874 Views 0 comment Print

These Regulations may be called the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2023.

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