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Govt not planning to legalize and tax cannabis

August 4, 2022 1056 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 2305 TO BE ANSWERED ON MONDAY, 01st AUGUST 2022 SRÃVANA 10, 1944 (SAKA) Tax on Cannabis 2305. SHRI K. MURALEEDHARAN: Will the Minister of FINANCE be pleased to state: (a) whether the Government has any plan to legalise cannabis and tax […]

Suggestions For Inclusion of Petroluem Products Under GST

August 4, 2022 963 Views 0 comment Print

At present, the products are not covered in GST and no recommendation has been made so far by the GST Council, therefore, it would be pre-mature to assess the financial loss likely to be suffered by the State Governments on inclusion of these products in GST.

No provision of social audit of CSR expenditure: Govt

August 4, 2022 2505 Views 0 comment Print

Under the current legal framework, there is no provision of social audit of Corporate Social Responsibility (CSR) expenditure made by the companies

Monitoring Mechanism For CSR

August 4, 2022 2499 Views 0 comment Print

The broad framework for Corporate Social Responsibility (CSR) has been provided through Section 135 of the Companies Act, 2013 (‘Act’), Schedule VII of the Act and Companies (CSR Policy) Rules, 2014.

SFIO investigating affairs of Sahara India Group companies: Govt

August 4, 2022 1824 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 1282 ANSWERED ON MONDAY, JULY 25, 2022/ SRAVANA 3, 1944 (SAKA) FRAUD BY SAHARA INDIA GROUP QUESTION 1282: SHRI RAJA AMARESHWARA NAIK: SHRI RAJVEER SINGH (RAJU BHAIYA): SHRIMATI SANGEETA KUMARI SINGH DEO: DR. SUKANTA MAJUMDAR: SHRI VINOD KUMAR SONKAR: SHRI BHOLA SINGH: DR. […]

Delayed payment to MSMEs – MCA introduced MSME Form-1

August 4, 2022 465 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 2374 ANSWERED ON MONDAY, August 1, 2022/ Sravana 10, 1944 (SAKA) COMPLIANCE OF MCA RULES QUESTION 2374. SHRI D.M. KATHIR ANAND: SHRI ANURAG SHARMA: Will the Minister of CORPORATE AFFAIRS be pleased to state: (a) whether the Government has received any complaints from […]

Disciplinary mechanism under CA, CMA & CS (Amendment) Act not yet brought into force

August 4, 2022 882 Views 0 comment Print

81 Sections of Chartered Accountants, the Cost and Works Accountants and the Companies Secretaries (Amendment) Act, 2022 have been brought into force w.e.f. 10th May, 2022. Provision pertaining to disciplinary mechanism have not been brought into force.

NFRA Rule 13 – Punishment in case of non-compliance

August 4, 2022 1419 Views 0 comment Print

Ministry of Corporate Affairs has amended Rule 13 of the National Financial Reporting Authority Rules, 2018 [Punishment in case of non-compliance] on 17th June, 2022

ICAI removes name of 4 members for Professional Misconduct

August 4, 2022 2154 Views 0 comment Print

ICAI vide Notifications dated 4th August, 2022 notified removal of name of 4 Chartered Accountants from the Register of Members for a period ranging from 15 days to 5 years. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 4th August, 2022 (CHARTERED ACCOUNTANTS) F. No. […]

Income Tax dues falls within the definition of operational debts

August 4, 2022 1068 Views 0 comment Print

ACIT Vs Monnet Ispat & Energy Ltd (ITAT Delhi) As per section 5 (21) of the IBC the dues to the Central Government also fall within the definition of operational debts and in terms of resolution plan as approved by the NCLT of the claims or demands or liabilities or obligations owned or payable to […]

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