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Blog, FEMA & Banking

June 1, 2024

FinTech Self-Regulation – Role | Requirements | Benefits of SROs

A Self-Regulatory Organization (SRO) is … Continue reading “FinTech Self-Regulation – Role | Requirements | Benefits of SROs”

Blog, News, Company Law

April 30, 2024

[Opinion] False Disclosure in Board’s Report on Related Party Transactions Results in Penalties for the Company and Its Directors

Prof R Balakrishnan – [2024] … Continue reading “[Opinion] False Disclosure in Board’s Report on Related Party Transactions Results in Penalties for the Company and Its Directors”

News, Blog, FEMA & Banking

April 30, 2024

Director’s Challenge to Co.’s Wilful Defaulter Status Dismissed as Lender’s Review Committee Found No Irregularity

Case Details: Gouri Prasad Goenka … Continue reading “Director’s Challenge to Co.’s Wilful Defaulter Status Dismissed as Lender’s Review Committee Found No Irregularity”

Blog, News, GST & Customs

April 30, 2024

HC Set-aside Order Denying ITC Due to Mismatch Between GSTR-2A and GSTR-3B Without Providing Hearing Opportunity

Case Details: GMA Pinnacle Automotives … Continue reading “HC Set-aside Order Denying ITC Due to Mismatch Between GSTR-2A and GSTR-3B Without Providing Hearing Opportunity”

Blog, News, Income Tax

April 30, 2024

[Opinion] Potential Areas of Conflict of PMLA and Income Tax Act

Prashant Kr Jha & Piyush … Continue reading “[Opinion] Potential Areas of Conflict of PMLA and Income Tax Act”

Blog, News, Income Tax

April 30, 2024

AO Can’t Deny Sec. 11 Exemption on Notional Interest Income on Advance Given to Specified Person | ITAT

Case Details: Rastogi Education Society … Continue reading “AO Can’t Deny Sec. 11 Exemption on Notional Interest Income on Advance Given to Specified Person | ITAT”

News, Blog, Account & Audit

April 30, 2024

Audit Firm Penalised for Submitting Falsified Affidavit & to Avoid Submitting Information to NFRA

NFRA imposed a monetary penalty … Continue reading “Audit Firm Penalised for Submitting Falsified Affidavit & to Avoid Submitting Information to NFRA”

Blog, News, Account & Audit

April 30, 2024

Audit Firm Failed to Analyse Going Concern Assumption Despite Prima Facia Adverse Factors, Penalised Rs. Fifty Lakhs

NFRA imposed a monetary penalty … Continue reading “Audit Firm Failed to Analyse Going Concern Assumption Despite Prima Facia Adverse Factors, Penalised Rs. Fifty Lakhs”

Blog, News, Account & Audit

April 30, 2024

NFRA Heavily Fined Auditor and Audit Firm for Rationalising the Actions of the Company

NFRA imposed a monetary penalty … Continue reading “NFRA Heavily Fined Auditor and Audit Firm for Rationalising the Actions of the Company”

Blog, Account & Audit

April 30, 2024

Professional Ethics and Liabilities for Chartered Accountants – NOCLAR | ICAI Council Guidelines | Principles

What are the Ethics and … Continue reading “Professional Ethics and Liabilities for Chartered Accountants – NOCLAR | ICAI Council Guidelines | Principles”