Direct tax collections for FY 2024-25 have risen 21.2% gross, with a 15.41% net growth compared to the previous year, reflecting corporate and non-corporate gains.
SEBI invites public comments on the procedure for seeking a waiver or reduction of interest on penalty recovery proceedings by Dec 2, 2024.
SEBI issues updated Master Circular for ICDR Regulations, consolidating directions till September 30, 2024, with a chapter-wise compliance framework.
In today’s financial landscape, investors in India are on the lookout for ways to make their money work harder. One option that’s gaining traction is Fixed Deposits (FDs) offered by Non-Banking Financial Companies (NBFCs). Let’s understand what NBFC FDs are and how they stack up against traditional bank FDs.
Regional Director reduced penalty on auditor of Supreme Gridtech Pvt. Ltd. from ₹70,000 to ₹35,000 for non-compliance under Companies Act, 2013.
SEBI mandates brokers offer trading supported by blocked funds, including UPI block or 3-in-1 trading accounts, starting February 2025.
RBI provides guidelines for reclassifying Foreign Portfolio Investment (FPI) to Foreign Direct Investment (FDI) under new operational framework.
SEBI denies Glenmark Life Sciences’ request for no-action relief, stating contra trade restrictions apply to its proposed share sale for minimum public shareholding compliance.
GST waiver scheme offers relief for tax disputes, waiving interest and penalties if full tax is paid by March 31, 2025.
SEBI clarifies Schedule II of Intermediaries Regulations, distinguishing applicability of fit and proper criteria for corporate entities vs. individuals under clause 3(b).
