This analysis provides an overview of the key changes and additions proposed in the draft Chartered Accountants (Second Amendment) Regulations, 2023.
Ministry of Finance has included the Goods and Services Tax Network (GSTN) under the Prevention of Money-laundering Act, 2002 (PMLA, 2002). Learn how this inclusion enables the sharing of information between the Enforcement Directorate and GSTN, in cases of suspected contraventions of GST provisions.
Read the International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2023 issued by the IFSCA. Stay updated on the latest amendments and provisions for banking units in IFSCs.
The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes has issued Notification No. 47/2023, bringing further amendments to the Income Tax Act 1961. These amendments have been made in exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act. The notification replaces a specific row […]
The Institute of Chartered Accountants of India (ICAI) has issued several significant notifications in July 2023. These notifications pertain to the removal, restoration, and cancellation of membership, as well as the cancellation of the Certificate of Practice for some members. This article provides a summary of the key announcements for the benefit of the Chartered […]
Reserve Bank of India (RBI) issues a notification regarding the implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005. The RBI provides updates on the designated list of UNSC-sanctioned individuals and entities. Read more for the amendments and compliance guidelines.
Ministry of Commerce and Industry has introduced the Special Economic Zones (Third Amendment) Rules 2023, which provide guidelines for the import and export procedures of ships by units in the International Financial Services Centre. This article explores the key provisions of the amendment, including the filing of Bill of Entry, examination and inspection processes, and customs procedures for ship transfers. Stay updated with the latest regulations governing Special Economic Zones.
Stay updated with the latest amendments to the Securities and Exchange Board of India (SEBI) regulations for Issue and Listing of Non-Convertible Securities. Learn about the changes introduced through the Second Amendment Regulations 2023. Read the full notification for more details.
Read about latest notification by SEBI regarding repeal of SEBI (Ombudsman) Regulations, 2003 via SEBI (Ombudsman) (Repeal) Regulations, 2023. Learn about impact of the repeal and implications for previous operations, rights, and legal proceedings.
Ministry of Commerce and Industry has issued a notification amending the import policy for Areca nuts under ITC(HS) code 08028010. The revised policy allows the import of 17,000 Metric Tonnes of Fresh(green) Areca nuts without a Minimum Import Price (MIP) condition from Bhutan through LCS Chamurchi (INCHMB). Stay updated with the latest import policy changes.
