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NCLT approves Resolution Plan of S and H Gears Private Limited

July 12, 2023 1026 Views 0 comment Print

Explore the details of Rani Agro Private Limited vs S&H Gears Private Limited case at NCLT Mumbai, involving the approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016.

Vegetable Oils Grading and Marking (Amendment) Rules 2023: Changes & Requirements

July 11, 2023 846 Views 0 comment Print

Get insights into the Vegetable Oils Grading and Marking (Amendment) Rules 2023 issued by the Ministry of Agriculture and Farmers Welfare. Learn about the new regulations for vegetable oils’ quality, fortification, additives, and compliance with food safety standards.

CCI: NCLT Extinguishes Liabilities, Ends Anti-Profiteering Proceedings

July 10, 2023 714 Views 0 comment Print

Issue No. 1 addressed whether Anti-Profiteering proceedings initiated against Puma Realtors under Section 171 of the CGST Act should continue post the NCLT order dated 01.06.2021. The commission considered the NCLT’s order, which extinguished all liabilities, including passing on the benefit of ITC. Consequently, the proceedings were discontinued.

Instruction on Transitional Credit under GST Law – Analysis & Guidelines

July 10, 2023 2505 Views 0 comment Print

Instruction by CBIC provides guidance and updates on matters relating to Transitional Credit under the GST Law. It discusses filing of SLPs, policy developments, and examination of High Court orders.

RFP for appointment of CA or CMA Firm for Accounting & Tax consultancy in PFRDA

July 8, 2023 1641 Views 0 comment Print

Pension Fund Regulatory & Development Authority (PFRDA) has released a Request for Proposal (RFP) for the appointment of a Chartered Accountant/Cost Accountant firm. This RFP is for accounting work and tax consultancy services for the period Aug 2023 to July 2024.  This RFP is for accounting work and tax consultancy services for the period Aug 2023 […]

PFRDA Seeks Public Comments on Proposed Changes to Pension Fund Regulations 2015

July 8, 2023 471 Views 0 comment Print

The Pension Fund Regulatory and Development Authority (PFRDA) invites public comments and feedback on the proposed changes to the PFRDA (Pension Fund) Regulations, 2015. Learn about the review process, key areas of proposed changes, and how to participate in stakeholder consultation. Provide your input to shape the future of pension fund governance and compliance.

GSTN Included under PMLA 2002 for Information Sharing

July 7, 2023 7692 Views 0 comment Print

Ministry of Finance has included the Goods and Services Tax Network (GSTN) under the Prevention of Money-laundering Act, 2002 (PMLA, 2002). Learn how this inclusion enables the sharing of information between the Enforcement Directorate and GSTN, in cases of suspected contraventions of GST provisions.

SOP for conduct of Search & Seizure under Section 67(2) of Karnataka GST

July 6, 2023 2943 Views 0 comment Print

Discover the 2023 search and seizure procedure under the Karnataka Goods and Services Tax Act. Learn about the SOP, conditions, and post-search steps

IFSCA (Banking) (Amendment) Regulations, 2023

July 6, 2023 2187 Views 0 comment Print

Read the International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2023 issued by the IFSCA. Stay updated on the latest amendments and provisions for banking units in IFSCs.

IBBI Caution IP: Liquidation Value Discrepancies & Representation Matters

July 6, 2023 975 Views 0 comment Print

ead the Order by the Insolvency and Bankruptcy Board of India (Disciplinary Committee) cautioning an Insolvency Professional regarding liquidation value discrepancies and the need to be careful in representing matters before AA and NCLAT. Disciplinary Committee concludes that if there were factual discrepancies affecting the distribution of the resolution plan, Mr. Pramod Kumar Sharma should have filed an application before the Hon’ble NCLAT for rectification. The Committee advises Mr. Sharma to exercise caution when representing matters before AA and Hon’ble NCLAT.

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