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Notifications/Circulars

IBBI Warns IP: Exercise Rigorous Due Diligence in Future Assignments

June 8, 2023 1101 Views 0 comment Print

The Insolvency and Bankruptcy Board of India’s Disciplinary Committee has issued an order regarding Ms. Sonu Jain, an Insolvency Professional, based on alleged contraventions under the Insolvency and Bankruptcy Code. The order addresses specific issues raised in the Show Cause Notice and provides an analysis and conclusion on the matter. The order discusses three main […]

Imports under Advance Authorization Scheme – DGFT advisory

June 8, 2023 1212 Views 0 comment Print

All imports made under Advance Authorization Scheme on or after 13.10.2017 & upto and including 09.01.2019 which could not meet the pre-import condition may be regularized by making payments

Turkish Lira Exchange Rate for Import & Export from 09.06.2023

June 8, 2023 561 Views 0 comment Print

CBIC Notifies Exchange Rate of Turkish Lira for Import & Export, effective from 09.06.2023, via Notification No. 41/2023- Customs (N.T.) dated 8th June 2023. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs ***** Notification No. 41/2023-Customs (N.T.) Dated : 08th June, 2023 In exercise of the powers […]

RBI Keeps Repo Rate Unchanged at 6.50% in June 2023

June 8, 2023 810 Views 0 comment Print

Read the monetary policy statement and resolution of the Monetary Policy Committee (MPC) for June 2023. The MPC decided to maintain the policy repo rate at 6.50% and focus on withdrawing accommodation to align inflation with the target while supporting growth. Get insights into the global and domestic economic outlook, inflation projections, and future policy […]

MCA Imposes Penalties for Non-compliance with Board Meetings Norms

June 7, 2023 6714 Views 0 comment Print

MCA imposed penalties on CFS Netralaya Private Limited for not holding the minimum number of Board meetings as per the Companies Act, 2013.

CBIC notifies Exchange rate of Turkish Lira for Import & Export wef 08.06.2023

June 7, 2023 540 Views 0 comment Print

CBIC notifies Exchange rate of Turkish Lira for Import & Export wef 08.06.2023 vide Notification No. 40/2023- Customs (N.T.) Dated: 07th June, 2023. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs ***** Notification No. 40/2023- Customs (N.T.) | Dated: 07th June, 2023 In exercise of the powers […]

CBDT notifies section 10(23FE) exemptions for foreign pension fund – 2743298 Ontario Limited

June 7, 2023 1350 Views 0 comment Print

Notification No. 36/2023-Income Tax, provides tax exemptions under section 10(23FE) for foreign pension fund – 2743298 Ontario Limited, for eligible investments made in India

RBI Updates Alert List of Unauthorized Forex Trading Platforms – June 2023

June 7, 2023 12141 Views 1 comment Print

Reserve Bank of India (RBI) releases an updated Alert List of unauthorized Forex trading platforms. Stay informed to safeguard your investments.

e-Appeals Scheme, 2023: CBDT creates position of JCIT (Appeals)/Addl.CIT (Appeals)

June 7, 2023 2397 Views 0 comment Print

Explore e-Appeals Scheme, 2023 launched by CBDT and gain insights into related joint and additional commissioner appointments across India.

RBI Expands Trade Receivables Discounting System (TReDS) for MSMEs

June 7, 2023 1770 Views 0 comment Print

RBI announced enhancements to Trade Receivables Discounting System (TReDS), aiming to alleviate liquidity constraints for MSMEs.

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