The Banking Laws (Amendment) Bill, 2024 revises key provisions in the Reserve Bank of India Act, Banking Regulation Act, and related laws, including changes to financial reporting and banking operations.
IFSCA reviews Fund Management Regulations 2022 to enhance ease of business, introduce safeguards, and provide clarifications. Public comments invited by August 26, 2024.
GST AAR Maharashtra clarifies tax rates for work under Jal Jeevan Mission by Maharashtra Jeevan Pradhikaran, addressing pre and post-2022 scenarios.
Govt. sets October 1, 2024, for Finance Act 2024, Section 13; April 1, 2025, for Sections 11 and 12, under Notification No. 16/2024-Central Tax.
IBBI’s Order No. IBBI/DC/238/2024 details Srigopal Choudhary’s delays and non-compliance in CIRP processes, leading to disciplinary action.
IBBI suspends Gopal Lal Baser for a year for violations in CIRP process, including non-cooperation and unauthorized maintenance work. Read the full order here.
Explore the GST rates applicable to Jal Jeevan Mission projects under MJP, as clarified by the Maharashtra AAR in the case of Geospatial Studio LLP.
SEBI mandates Asset Management Companies to implement mechanisms to detect and prevent market abuse, including front-running and fraud, via Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/107, effective August 2024.
GST AAR Maharashtra rules on tax exemptions for hostel accommodations provided by Maharashtra Jain Education Society, varying by duration and student type.
Amendments to Companies (Adjudication of Penalties) Rules, 2014 introduce mandatory e-adjudication for penalty proceedings effective 16th September 2024.
