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...
FREQUENTLY ASKED QUESTIONS ABOUT CS EXECUTIVE ENTRANCE TEST (CSEET) TO BE HELD ON 7th May 2022 THROUGH REMOTE PROCTORED MODE Q.1 How the CSEET will be conducted? Will it be conducted from Test Centres or from Home? Ans : CSEET shall be conducted through REMOTE Proctored mode instead of conducting the same from Test Centres. […]
1) In Version-2 (V2), I am a Registered User and while trying to upgrade to Business User, I am getting PAN validation error. How can this be resolved? If you are an existing User of Version-2, please login Version-3 (V3) portal with the same credentials and click on ‘Update Profile’ on the top right corner […]
Q.1 When was Consumer Protection Act 2019 enacted? Ans. The Consumer Protection Act 2019 was notified on August 9th 2019. However, it came into effect from July 20th 2020. Q.2 What are the main features of Consumer Protection Act 2019? Ans. While retaining certain old provisions, the New Act has certain new provisions that tightens […]
Is the Limited Insolvency Examination mandated under any law, for what purpose? The Limited Insolvency Examination (examination) is mandated under regulation 5 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 made under the Insolvency and Bankruptcy Code, 2016. It is one of the mandatory conditions for registration as an insolvency professional.
USER AND REGISTRATION Q. 1. I am new user of MCA system. How can I register? Ans. New User refers to a person who does not have an existing User Account on MCA system in any version of MCA 21 (either V-1 or V-2). Thus, a ‘New User’ is the one who will be doing […]
Aadhaar: FAQs on Offline verification process of Aadhaar and role of Offline verification seeking entities (OVSEs) Q.1 What is offline verification Ans. Offline verification is the use of Aadhaar for identity verification and KYC locally, without sending data to and receiving response from UIDAI online. In offline verification resident directly submits the Aadhaar number and associated […]
Introduction about LEI: Legal Entity Identifier India Limited is a registered company having CIN U74900MH2015PLC268921 and is a Wholly Owned Subsidiary of The Clearing Corporation of India Ltd. LEI acts as a Local Operating Unit (LOU) for issuing globally compatible Legal Entity Identifiers in India “LEIL has been recognized by the Reserve Bank of India as an […]
Grievance Redressal Mechanism Q.1 What are the grievance redressal channels in UIDAI? Ans. UIDAI has setup a multi-channel grievance handling mechanism for resident’s queries and grievances related to Aadhaar Enrolment, Updation and other services. Resident can reach UIDAI through multiple channels viz. Phone, Email, Chat and Web Portal. For quick disposal of complaints resident must […]
Q.1 How would I know that DBT funds have come to my account? Ans. If you have availed SMS alerts facility from the concerned bank where your DBT account is opened, then the bank will send out SMS alerts when you get DBT funds in account. Alternatively, you can also check your account balance using […]
Q. 1 I have Enroled for Aadhaar number but I am yet to receive the Aadhaar number, Can I still file my Income tax return? Ans. Yes, you can quote the EID number mentioned on Acknowledgement/ EID slip provided by the enrolment centre at the time of enrolment while filing the Income Tax return. Q.2 […]
