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DGFT Clarification on Interest Equalisation Scheme (IES) Extension

July 10, 2024 2094 Views 0 comment Print

Read DGFTs Trade Notice clarifying issues on the Interest Equalisation Scheme (IES) extension for export credit. Understand thresholds, eligibility, and UIN requirements.

Proposed Amendments to IFSCA (Registration of Insurance Business) Regulations, 2021

July 10, 2024 948 Views 0 comment Print

Explore proposed amendments to IFSCA (Registration of Insurance Business) Regulations 2021. Understand changes, implications, and how to submit your feedback to IFSCA.

Proper officer Provisions amended for GST Registration & Composition Levy

July 10, 2024 2679 Views 0 comment Print

CBDT shifts CGST functions to Superintendents of Central Tax. Circular No. 223/17/2024-GST details changes for registration and composition levy.

Exemption from GST Annual Return Filing for FY 2023-24

July 10, 2024 2238 Views 0 comment Print

Explore Notification No. 14/2024-Central Tax exempting GST registered persons with turnover up to Rs. 2 crores from filing annual returns for FY 2023-24.

MCA levied ₹2 Lakh penalty for Failure to Appoint Resident Director

July 9, 2024 1254 Views 0 comment Print

The Ministry of Corporate Affairs imposes penalties on Water and Sanitation for Urban Poor (India) for failing to comply with director residency requirements.

Section 138(1)(a) of Income-tax Act: Information Sharing with Telangana Government

July 9, 2024 1308 Views 0 comment Print

CBDT directs DGIT (Systems) to share income tax information with Telangana’s Agriculture Department as per Section 138(1)(a) of the Income-tax Act, 1961.

GST on Recovery of Joining/Retention Bonus & Work from Home Allowance

July 9, 2024 1971 Views 0 comment Print

Explore GST applicability on recovery of retention bonus, joining bonus, work from home allowance and tuition assistance under Fidelity Information Services India Pvt. Ltd. ruling.

SEBI Circular on AIFs Dissolution and Liquidation Period

July 9, 2024 2889 Views 0 comment Print

SEBI issues guidelines for AIFs on dissolution periods, additional liquidation, and in-specie distribution. Detailed compliance requirements for schemes.

Non-adherence to CSR requirements: MCA imposes penalty on directors

July 9, 2024 1269 Views 0 comment Print

Lantiq Communications India Pvt Ltd faces penalties for CSR non-compliance under Sections 134 and 135 of the Companies Act. Penalties for directors include ₹1,00,000 each.

Failure to convey Board Meetings: MCA imposes ₹28.5 Lakh Penalty

July 9, 2024 1095 Views 0 comment Print

Water and Sanitation for Urban Poor NGO penalized for non-compliance with board meeting requirements from 2011 to 2019. Detailed adjudication order inside.

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