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Company Fails to Hold Mandatory Board Meetings – MCA Imposes Rs. 1.60 Lakh Penalty

September 8, 2023 4368 Views 0 comment Print

In a recent case where Indira IVF Hospital Private Limited faces a Rs. 1.60 Lakh penalty for not holding mandatory board meetings, under Section 173 of Companies Act, 2013

RBI Directive: Additional Balance Requirements for Banks

September 8, 2023 435 Views 0 comment Print

Read Reserve Bank of India (RBI) notification dated 8th September 2023, outlining additional average daily balance requirements for banks in India

CCI Closes Profiteering Case as ITC Benefits already Passed

September 8, 2023 1554 Views 0 comment Print

Explore the Competition Commission of India’s decision in Aruna Popat vs Shalwak Infrabulls, where profiteering allegations were dropped after ITC benefits passed.

DGFT Ahmedabad Promotes Online Interactions Over Physical Visits

September 8, 2023 510 Views 0 comment Print

DGFT Ahmedabad encourages the use of online and VC facilities for trade interactions. Get insights into the new guidelines aimed at reducing in-person visits.

ICSI submits List of Pending issues of stakeholders on MCA-21 V3 Portal

September 8, 2023 945 Views 0 comment Print

ICSI letter to Ministry of Corporate Affairs addressing pending issues on MCA-21 V3 Portal. Stay updated on key concerns and resolutions.

CBI Arrests DGFT Officers & MD in Bribery Case; 8 Get 4-Year Terms for Govt Revenue Loss

September 8, 2023 2556 Views 0 comment Print

An in-depth look into CBI’s arrest of two DGFT officers and a private company MD in a bribery case, along with a related case of bribery involving Central Excise officials and company representatives.

Understanding RBI’s Decision to Phase Out Incremental CRR: What It Means for Banks

September 8, 2023 1149 Views 0 comment Print

RBI’s recent announcement on phasing out of Incremental Cash Reserve Ratio (I-CRR). Understand impact on system liquidity and what it means for various types of banks.

Clarifications on Mutual Funds Investing in Corporate Debt Market Development Fund

September 6, 2023 435 Views 0 comment Print

SEBI clarifies on how mutual funds can invest in Corporate Debt Market Development Funds (CDMDF). Learn how it impacts asset allocation limits.

DSIR Forms 3CM & 3CL Not Required for section 35(1)(i) Tax Deduction: ITAT Mumbai

September 5, 2023 1347 Views 0 comment Print

Analysis of the ITAT Mumbai ruling in FDC Limited Vs PCIT. Find out why ITAT quashed the revision order concerning Form 3CM, Form 3CL, and deductions under section 35(1)(i) of the Income Tax Act.

IFSCA Circular: Modification of Section 51A of UAPA Implementation Procedure

September 5, 2023 489 Views 0 comment Print

The International Financial Services Centres Authority (IFSCA) has issued Circular No. F. No. 887/IFSCA/UAPA/ 2023-24/03 dated 5th September 2023, addressing important modifications regarding the implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967. This circular impacts all regulated entities in the GIFT-IFSC jurisdiction. Key Modifications: A. The circular refers to Clause 11.2 of […]

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