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Bank finance to Government owned entities

June 14, 2022 1281 Views 0 comment Print

We have come across instances where banks have not been strictly complying with our extant instructions on assessment of commercial viability, ascertainment of revenue streams for debt servicing obligations and monitoring of end use of funds in respect of their financing of infrastructure/ housing projects of government owned entities.

Notification No. 61/2022 – Jurisdiction of Income tax Authorities

June 10, 2022 7110 Views 0 comment Print

Section 120(1) (2) and (5) of the Income-Tax Act, 1961 – Jurisdiction of Income tax Authorities Supersession of Notification No. 23/2021 dated 31st March, 2021– Notification No. 61/2022 – Income Tax | Dated: 10th June, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES), New Delhi Notification No. 61/2022 – Income Tax […]

PMC bank merger with Unity Small Finance Bank – Provisioning on interbank exposure & valuation of PNCPS & Equity Warrants

June 10, 2022 1752 Views 0 comment Print

Punjab and Maharashtra Co-operative Bank Limited (Amalgamation with Unity Small Finance Bank Limited) Scheme, 2022 – Provisioning on interbank exposure and valuation of Perpetual Non-Cumulative Preference Shares (PNCPS) and Equity Warrants

Notification No. 60/2022-Income Tax – Control of income-tax authorities

June 10, 2022 1503 Views 0 comment Print

Notification No. 60/2022-Income Tax, Dated: 10.06.2022 – Control of income-tax authorities. Also Read: Corrigendum Notification No. 78/2022-Income Tax, Dated: 04.07.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 60/2022-Income Tax | Dated: 10th June, 2022 S.O. 2692(E).—In exercise of the powers conferred by section 118 of the Income-tax Act, […]

Companies (Appointment and Qualification of Directors) Second Amendment, Rules, 2022

June 10, 2022 5193 Views 0 comment Print

MCA Notification No. G.S.R. 439(E) | Dtd. 10th June, 2022 The MCA vide its notification dated 10th June, 2022 has notified Companies (Appointment and Qualification of Directors) Second Amendment, Rules, 2022 which shall come into force on the date of its publication in the Official Gazette i.e. 10th June, 2022. In the Companies (Appointment and […]

Food Safety and Standards (Vegan Foods) Regulations, 2022

June 10, 2022 1632 Views 0 comment Print

(1) These regulations may be called the Food Safety and Standards (Vegan Foods) Regulations, 2022. (2) They shall come into force on the date of their publication in the Official Gazette.

Food Safety and Standards (Alcoholic Beverages) First Amendment Regulations, 2022

June 10, 2022 1179 Views 0 comment Print

These regulations may be called the Food Safety and Standards (Alcoholic Beverages) First Amendment Regulations, 2022.

E-commerce exports of Jewellery through Courier mode – reg

June 10, 2022 1047 Views 0 comment Print

Notice calling for suggestions, views, comments, feedback etc. from stakeholders on the following drafts for implementation of a simplified regulatory framework to facilitate export of Jewellery through e-commerce in Courier Mode – a) Draft Circular on Standard operating procedure to facilitate e-commerce jewellery exports in Courier Mode (page 2-7) b) Draft Notification for Amendment to […]

Companies (Removal of Names of Companies from Register of Companies) Amendment Rules, 2022

June 9, 2022 7272 Views 0 comment Print

(1) These rules may be called the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2022. (2)   They shall come into force on the date of their publication in the Official Gazette.

Procedure for sharing information with tax deductors/collectors

June 9, 2022 1179 Views 0 comment Print

DGIT(S)/ADG(S)-2/Compliance Check/432/2021-22 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 01 of 2022-Income Tax New Delhi, 09th June, 2022 Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961 Section 206AB and 206CCA of the Income-tax Act,1961 (effective from 1st July 2021 and […]

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