The Insolvency and Bankruptcy Board of India (IBBI) has introduced the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2023. The IBBI’s amendment regulations, it introduces a new explanation to clarify regulatory fee exemption for approved resolution plans involving real estate projects handled by associations or groups of allottees. […]
MCA order identifies that company failed to comply with Secretarial Standards, specifically regarding the mention of the number of board meetings held during the financial year in its reports. A show cause notice was issued to the company, and in response, they admitted the error. As a result, the penalty has been imposed on the company and its officers in default under Section 118(11) of the Companies Act, 2013.
Reserve Bank of India has issued a notification announcing the inclusion of NongHyup Bank in the Second Schedule of the RBI Act, 1934. All banks are advised regarding this update.
Ministry of Finance amends rule 11UAC of Income-tax Rules 1962, specifically addressing the relocation of funds and movable property vide Notification No. 51/2023-Income Tax | Dated: 18th July, 2023. Under the Income-tax (Thirteenth Amendment) Rules 2023, a new sub-rule has been inserted in rule 11UAC. This sub-rule pertains to movable property, such as shares or […]
Insolvency and Bankruptcy Board of India’s latest recommendation about appointing liquidators other than RP/IRP under Section 34(4)(h) of the IBC, 2016.
Institute of Cost Accountants of India has officially constituted the Greater Noida Chapter, covering the area of Greater Noida in Uttar Pradesh.
Stay updated with the latest amendment to the Income Tax Rules 1962 regarding proposals related to International Financial Services Centers (IFSC) in the Finance Act 2023. Understand the key changes and their implications.
Understand the Ministry of Agriculture’s notification on the mandatory use of Aadhaar for the Digital Crop Survey project. Learn about the documents required, exception handling mechanisms, and the benefits of Aadhaar authentication.
Learn about the Smart Meters Quality Control Order 2023 issued by the Department for Promotion of Industry and Internal Trade. Understand the compulsory use of standard marks and the certification authority. Ensure compliance with the Indian Standards for smart meters.
Read the amendment issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes regarding the definition of an investment fund under the Income Tax Act. The amendment clarifies the criteria for funds established or incorporated in India and regulated under SEBI or IFSCA regulations.
