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Notifications/Circulars

Revised Advisory on Time limit for Reporting Invoices on IRP Portal

April 13, 2023 58839 Views 2 comments Print

It is to inform you that it has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than or equal to 100 crores.

Tariff Notification No. 28/2023-Custom (N.T.) Dated: 13th April, 2023

April 13, 2023 2067 Views 0 comment Print

Notification No. 28/2023-Custom (N.T.) Dated:  13th April, 2023 -Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ) Notification No. 28/2023-Custom (N.T.) | Dated:  13th April, 2023 S.O. 1735(E).In exercise of the powers conferred by sub-section (2) […]

SEBI framework for upfront collection of charges from eligible issuers at the time of allotment of debt securities

April 13, 2023 1128 Views 0 comment Print

Contribution by eligible Issuers of debt securities to the Settlement Guarantee Fund of the Limited Purpose Clearing Corporation for repo transactions in debt securities Securities and Exchange Board of India Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/CIR/P/2023/56   Dated: April 13, 2023 To All eligible issuers1 of debt securities Recognized Limited Purpose Clearing Corporations Recognized Stock Exchanges Registered Depositories Madam/Sir, Sub: Contribution […]

NFRA imposes penalty of Rs. 5 Lakh on Auditor of Coffee Day group company

April 13, 2023 2790 Views 0 comment Print

Imposition of a monetary penalty of Rs Five Lakhs only upon CA Lavitha Shetty. In addition, CA Lavitha Shetty is debarred for a period of five years from being appointed as an auditor or internal auditor or from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate

MCA penalises Company for not mentioning DIN of directors

April 13, 2023 1062 Views 0 comment Print

Learn about penalty imposed by MCA for failing to mention Director Identification Numbers (DIN) against directors’ names in financial statements. Detailed analysis and implications of case.

NFRA penalises Statutory Auditor of Brach of DHFL for accepting legally invalid appointment

April 13, 2023 5121 Views 0 comment Print

NFRA’s investigations revealed that the appointment of none of the 33 branch auditors was approved at the Annual General Meeting (AGM) of DHFL, as required by the Act. The audit firm and CA Mathew Samuel accepted the appointment, portrayed themselves as “Branch Statutory Auditor” in all communications with the Company and CAS, and issued an […]

Weekly newsletter from Chairman, CBIC dated 13/04/2023

April 12, 2023 1059 Views 0 comment Print

Last week, the new CBIC E-Payment platform was rolled out. Envisaged as a platform to enable collection of Customs duties using multiple modes of payment viz. NEFT/RTGS, Internet Banking as well as the Electronic Cash Ledger (ECL) -the last being a fresh introduction.

IRP to take control & custody of any asset over which CD has ownership rights: IBBI

April 12, 2023 1962 Views 0 comment Print

Under section 18(f) of IBC Code, Mr. S. Muthuraju being IRP of the CD from 14.06.2017 to 20.09.2017 was required to take control and custody of any asset over which the CD has ownership rights, as recorded in the balance sheet of the CD.

SEBI unveiled New Logo

April 12, 2023 4731 Views 0 comment Print

Securities and Exchange Board of India PR No.8/2023 New Logo of SEBI unveiled on the occasion of SEBI Foundation Day Securities Market regulator, SEBI has a new logo from today. The new logo was unveiled at a function held at SEBI Head Office, Mumbai on the occasion of SEBI Foundation Day in the presence of […]

RBI permits AD Category-II entities to submit Form A2 online

April 12, 2023 4050 Views 0 comment Print

RBI decided to permit AD Category-II entities to allow online submission of Form A2. AD Category-II entities shall frame appropriate guidelines with the approval of their Board within the ambit of extant statutory and regulatory framwework.

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