Directorate of Enforcement (ED) has taken a significant step in the Shakti Bhog Foods money laundering case by provisionally attaching 59 immovable and movable properties worth Rs. 28.67 Crore. The attachment has been made under the Prevention of Money Laundering Act (PMLA) and involves individuals such as Sunil Dhupar, former CA and statutory auditor of […]
Participate in the consultation on the proposed IFSCA (Payment Services) Regulations, 20XX. The International Financial Services Centres Authority (IFSCA) seeks comments and suggestions from the public on the regulations.
GST portal updates, geocoding of principal place of business, user ID generation, registration cancellation, AATO enablement, annual return, Form GST APL-01, amnesty scheme
CBIC has released the National Time Release Study (NTRS) 2023 report, showcasing improved cargo release times at Indian ports.
The Amendment under SEBI (LODR) Regulations, 2015 has been made vide Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023. The Amendment shall be enforceable from the 13th of July, 2023. 1. Regulation 15(1A) The second proviso of Regulation 15(1A) provides for the applicability of Regulations ranging from Regulation […]
Bank of Baroda has announced the appointment of Chartered Accountancy firms for concurrent audit assignments. This article provides an overview of the units and branches for which the appointments are being made, along with important details such as the duration of the audit and submission deadlines. 1. The appointment of 1 Chartered Accountancy Firm each […]
DGGI Gurugram unmasked an Input Tax Credit fraud operation with 461 shell entities, causing a loss of Rs. 863 crore to exchequer.
KSCAA addresses Department of Legal Metrology in Karnataka, highlighting challenges faced in obtaining a Packing Registration. They emphasize the need for simplification, reducing wait times, and eliminating human intervention to promote ease of doing business.
Institute of Cost Accountants of India (ICAI) issues a circular discontinuing the usage of the acronym ‘ICAI‘ as directed by the Hon’ble High Court of Delhi. The circular mandates the removal of all references to ‘ICAI‘ and the adoption of the acronym ‘ICMAI‘ across physical and virtual platforms. This decision comes after the Institute of […]
Karnataka State Chartered Accountants Association (R.) (KSCAA) addresses the Department of Labour, Government of Karnataka, with a representation on the challenges faced in obtaining registration under the Shops and Establishment Act. Representation sheds light on the difficulties encountered by businesses and emphasizes the importance of streamlining processes to facilitate a smoother operational environment. The representation […]
