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RBI Monetary Policy Aug 2023: Repo Rate Unchanged at 6.50%

August 10, 2023 1737 Views 0 comment Print

Read about the RBI’s August 2023 monetary policy decisions. The repo rate remains steady, with a focus on aligning inflation to the target while supporting growth.

SEBI Circular: Prior Approval for Change in Control Process

August 10, 2023 1356 Views 0 comment Print

SEBI circular outlines the procedure for obtaining prior approval for change in control of intermediaries. Learn about the process and requirements.

RBI Mandates Additional Cash Reserve Ratio (CRR) for Banks

August 10, 2023 1617 Views 0 comment Print

RBI has issued a directive requiring all scheduled banks to maintain an incremental Cash Reserve Ratio (CRR) to manage liquidity conditions.

IRDAI’s Quantitative Impact Study -1 on Indian Risk-Based Capital Framework

August 10, 2023 2499 Views 0 comment Print

Read about IRDAI’s initiative for Indian Risk-Based Capital (Ind-RBC) Framework through Quantitative Impact Study -1. Learn how it enhances insurers’ capital and risk management.

Simplified NPS Investments Tracking with CAS

August 10, 2023 6432 Views 0 comment Print

Learn about Pension Fund Regulatory and Development Authority’s circular on Consolidated Account Statement (CAS) for NPS investments tracking. Benefits and procedures explained.

CESTAT: Commissioner (A) Empowered to Remand Under Section 35A of Central Excise Act

August 9, 2023 3204 Views 0 comment Print

CESTAT Ahmedabad rules in favor of Adani Power, confirming Commissioner (Appeals) authority to remand matters to Adjudicating Authority under Section 35 A of Central Excise Act.

Bombay HC Lifts Travel Ban in Aarti Chaurasia vs DDIT Case

August 9, 2023 546 Views 0 comment Print

Bombay High Court lifts travel ban on Aarti Ramesh Chaurasia due to LOC issued by Income Tax Dept. Find details of the case and the judgment here.

Section 12AA Registration can’t be denied for absence of Dissolution Clause

August 9, 2023 1422 Views 0 comment Print

ITAT Delhi orders that absence of a dissolution clause in Trust Deed shouldn’t deny registration u/s 12AA of Income Tax Act in Roop V.K Jain Foundation case.

Rule 11(3) of Cenvat Credit Rules cannot be applied retrospectively

August 9, 2023 681 Views 0 comment Print

Read the analysis of the Welspun India Ltd. vs. Commissioner of CGST & CESTAT Ahmedabad case, where CESTAT quashes the reversal of CENVAT credit on Cotton Terry Towels due to non-insertion of Rule 11(3) of CENVAT Credit Rules.

Penalty Imposed on Company for Not Printing Contact Details on Resolutions

August 9, 2023 2553 Views 0 comment Print

Learn about the penalty imposed by the Ministry of Corporate Affairs on Steel Resources Tradelink for not printing email and phone details on their resolutions.

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