SEBI clarifies usage of 3-in-1 accounts for public issue applications of debt securities, non-convertible shares, and municipal debt, enhancing investor convenience.
RBI updates access criteria for the NDS-OM platform, expanding eligibility to regulated entities and streamlining procedures. Circulars from 2008 and 2011 are withdrawn.
CBIC amends Customs Notification No. 62/1994, adding Yogayatan in Maharashtra as a customs location for loading and unloading of goods.
CBDT exempts income of West Bengal Pollution Control Board under Section 10(46) of the Income-tax Act, 1961, subject to non-commercial activities and conditions.
CBDT sets 1% tolerance for wholesale trading and 3% for other cases under Section 92C for FY 2024-25. No adverse effects from retrospective application.
Kerala GST Circular 18/2024 outlines adjudication instructions for non-filers of Kerala Flood Cess returns, detailing manual processes and penalties for defaulters.
Kerala SGST instructs taxpayers to file Kerala Flood Cess returns for compliance. Non-filing may lead to penalties, interest, and recovery proceedings.
Kerala SGST outlines a common adjudicating authority for show cause notices involving multiple taxpayers, ensuring uniform decisions and minimizing legal conflicts.
Rhino Finance Pvt Ltd faces penalties for failing to maintain a proper registered office as per the Companies Act, 2013.
Ministry of Corporate Affairs penalizes a statutory auditor for failing to make appropriate qualifications in the audit report for Rhino Finance Pvt. Ltd.
