Fema / RBI : RBI has launched the Integrated Ombudsman Scheme, 2026, providing a centralized, cost-free mechanism for resolving complaints agai...
Fema / RBI : RBI has updated the FLA Return FAQs, clarifying who must file, the 15 July deadline, revision procedures, and reporting requiremen...
Income Tax : Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The...
Company Law : The document clarifies that a director's resignation becomes effective upon receipt by the company or the specified future date, w...
Income Tax : Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due dat...
Corporate Law : MoSPI will introduce the Index of Services Production (ISP) to measure short-term changes in the formal services sector. The month...
Finance : The FAQs clarify the implementation of the IFSCA AML/CFT/KYC Guidelines, covering customer due diligence, reporting obligations, g...
Finance : The IFSCAs updated framework supersedes previous sandbox regulations and establishes a unified regime for FinTech testing in IFSCs...
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Fema / RBI : RBI has clarified reporting requirements, valuation methods, submission procedures, and entity obligations under the Portfolio Inv...
SEBI : NSE released detailed FAQs to address practical issues in submitting Quarterly Integrated Filing – Governance reports through XB...
Finance : The circular addresses uncertainty in FLA reporting FAQs under FEMA. It directs institutions to pause action until regulatory clar...
Corporate Law : FSSAI introduced perpetual licenses and simplified registration norms to ease compliance. The reforms reduce costs while maintaini...
SEBI : FPIs can now apply for Digital Signature Certificates directly within the CAF portal. The move simplifies onboarding and reduces p...
Goods and Services Tax : GSTN has clarified key issues on filing annual returns through consolidated FAQs. The guidance explains ITC reporting, auto-popula...
1. Who Will Appoint First Auditor? Sol. As per Section 139(6): First Auditor will be Appoint by Board of Directors of Company within 30 days of Incorporation of Company.
Que – Please provide the details of Exchange Rate value of INR against USD dollar from the year 1947 till date. Ans – Information regarding USD-INR rates for the period 1945-46 – 1970-71 is available at the following link: Exchange Rate – 1945-1971 2. Information regarding USD-INR rate for the period 1970-71 to 2013-14 is available on: http://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications-> […]
For compliance under section 135 i.e. Corporate Social Responsibility, from which Financial Year CSR Expenditure & Reporting Begins? The constitution of CSR Committee, preparation of CSR Policy, the spending of amount on CSR activities needs to be during the financial year 2014-15.
‘Remittance of assets’ means remittance outside India of funds representing a deposit with a bank or a firm or a company of: 1. provident fund balance 2. superannuation benefits 3. amount of claim or maturity proceeds of Insurance policy 4. sale proceeds of shares, securities, immovable property or any other asset held in India
Enhancing Credit Supply for Large Borrowers through Market Mechanism (i) If a borrower has aggregate sanctioned credit limit of Rs. 25,000 crore on or before March 31, 2016, will it still qualify as a ‘Specified Borrower’? Ans: In all such cases, the borrower will deemed to be a ‘Specified borrower’ from April 1, 2016 and […]
Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors.
Does a DFS operator need to apply for a warehouse licence? Yes. Any person who is running a Duty free Shop should apply for a licence under Section 58A.The licensed premises is to be used for storage of the bonded goods, before they are removed to a Duty Free Shop.
1. What is meant by delisting of securities? The term delisting of securities means removal of securities of a listed company from a stock exchange. As a consequence of delisting, the securities of that company would no longer be traded at that stock exchange.
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage.
Sec 2(v) of the Foreign Exchange Management Act, 1999 (FEMA) defines a person resident in India as: (i) a person residing in India for more than one hundred and eighty-two days during the course of the preceding financial year but does not include-
