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Notifications/Circulars

CA penalised for failure to report on Contravention of Companies Act, 2013

February 17, 2023 2199 Views 0 comment Print

Upon perusal of Balance Sheet for the financial year 2020-2021, it is observed that the Company has shown an amount of Rs. 1,26,30,680 as Non-current investment However, the Company has failed to disclose the details of the name of the body corporate (indicating separately whether such bodies are (i) subsidiaries, (ii) associates, (iii) joint ventures, […]

Master Circular for SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

February 16, 2023 9606 Views 0 comment Print

Securities and Exchange Board of India Master Circular No. SEBI/HO/CFD/PoD-1/P/CIR/2023/31 Dated: February 16, 2023 To All Recognized Stock Exchanges All Registered Merchant Bankers All Listed Entities Other Stakeholders* Dear Sir / Madam, Subject: Master Circular for Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”) 1. In order to […]

Introduction of FCRA related transaction code in NEFT and RTGS Systems

February 16, 2023 5034 Views 0 comment Print

Reserve Bank of India RBI/2022-23/178 CO.DPSS.RPPD.No.S1931/04-03-001/2022-23 February 16, 2023 The Chairman / Managing Director / Chief Executive Officer of member banks participating in NEFT and RTGS Systems Madam / Dear Sir, Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems Under the FCRA, 2010 (amended as on September 28, […]

CBDT notifies Authority under section 138 for welfare schemes of state of Tamil Nadu

February 16, 2023 1482 Views 0 comment Print

Central Government hereby specifies ‘Secretary (Information Technology & Digital Service Department), Directorate of e-Governance, Government of Tamil Nadu’ for the purposes of the said clause in connection with sharing of information regarding income-tax assessees for identifying genuine beneficiaries and proper implementation of all the Centrally sponsored schemes and welfare schemes of the state of Tamil Nadu.

CBIC notifies Customs Exchange rate for Import & Export wef 17.02.2023

February 16, 2023 5301 Views 0 comment Print

CBIC notifies Customs Exchange rate for Import & Export with effect from 17th February, 2023 vide Exchange rate vide Notification No. 10/2023 – Customs (N.T.) | Dated: 16th February, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 10/2023 – Customs (N.T.) | Dated: […]

DGIT (Systems), Delhi, to furnish response to TN Govt in the form of flag based on Taxpayers status

February 16, 2023 1455 Views 0 comment Print

CBDT directs DGIT (Systems), New Delhi, to furnish the response to TN Govt in the form of flag based on Taxpayers status F. No. 225/169/2022-ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** New Delhi, the 16th February, 2023 Order under section 138(1)(a) of the Income-tax Act,1961 Central […]

Procedure for remedial action in cases where Revenue Audit objection is accepted

February 16, 2023 11784 Views 0 comment Print

Where the Revenue Audit objection is accepted, the PCIT shall decide if the relevant order under audit requires revision it’s 263 as remedial action. If yes, he shall call for the relevant records and proceed to initiate action u/s 263.

IBBI penalises IP for placing non­-compliant resolution plan for consideration of CoC

February 15, 2023 2235 Views 0 comment Print

Mr. Anurag Kumar Sinha has erred in his judgement in placing a non­compliant resolution plan for the consideration of the CoC. Further, despite being non­compliant plan, it was passed and placed for AA’s approval. AA has strongly commented on the issue in its judgement pointing out the mistake of the resolution professional and the CoC […]

Challenges faced by trade w.r.t monitoring of BLUT & requirement for additional BLUT

February 15, 2023 1071 Views 0 comment Print

No. K.43013(18)/2/2022-SEZ Government of India Ministry of Commerce & Industry Department of Commerce (SEZ Division) Vanijya Bhavan, New Delhi Dated the 15th February, 2023 To The Development Commissioner All SEZs Subject: Challenges faced by trade w.r.t monitoring of BLUT and requirement for additional BLUT —reg. Sir, I am directed to refer to representations received from […]

Maintenance of a website by stock brokers & depository participants

February 15, 2023 2889 Views 0 comment Print

A designated website brings in transparency and helps the investors to keep themselves well informed about the various activities of the SB/DP. In view of the same, considering the advancement in technology and need to provide better services to the investors, all SBs and DPs are hereby, mandated to maintain a designated website.

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