Blog

Blog, News, FEMA & Banking

October 12, 2023

RBI Extends Prompt Corrective Action (PCA) Framework to Government NBFCs from October 1, 2024

Circular No. RBI/2023-24/67 Ref. No.DoS.CO.PPG/SEC.05/11.01.005/2023-24; … Continue reading “RBI Extends Prompt Corrective Action (PCA) Framework to Government NBFCs from October 1, 2024”

Blog, News, Account & Audit

October 12, 2023

ICAI Issues “Technical Guide on Internal Audit of Pharmaceutical Industry”

The major challenges that are … Continue reading “ICAI Issues “Technical Guide on Internal Audit of Pharmaceutical Industry””

Blog, News, Account & Audit

October 12, 2023

ICAI Issues Manual on Concurrent Audit of Banks

Concurrent audit in banks must … Continue reading “ICAI Issues Manual on Concurrent Audit of Banks”

Blog, News, Income Tax

October 11, 2023

ICAI Releases’ Technical Guide’ on Reports of Audit under Sec. 12A/10(23C)

ICAI publication, dated October 2023 … Continue reading “ICAI Releases’ Technical Guide’ on Reports of Audit under Sec. 12A/10(23C)”

Blog, News, Transfer Pricing

October 11, 2023

No Transfer Pricing Adjustment if Interest Cost was Negligible in Comparison to Benefit Derived by Assessee from AE

Case Details: Rubamim Ltd. v. … Continue reading “No Transfer Pricing Adjustment if Interest Cost was Negligible in Comparison to Benefit Derived by Assessee from AE”

News, Blog, Company Law

October 11, 2023

Top 250 Listed Cos. must Promptly Address Media Rumours on Specific Material Events w.e.f. the Date Specified by SEBI

Notification No. SEBI/LAD-NRO/GN/2023/155, Dated: 09.10.2023 … Continue reading “Top 250 Listed Cos. must Promptly Address Media Rumours on Specific Material Events w.e.f. the Date Specified by SEBI”

Blog, News, FEMA & Banking

October 11, 2023

Obtaining of Decree in India by Exporter-Co. Against a Foreign Importer for Un-paid Goods was Reasonable | HC

Case Details: Hooghly Mills Co. … Continue reading “Obtaining of Decree in India by Exporter-Co. Against a Foreign Importer for Un-paid Goods was Reasonable | HC”

Blog, News, Insolvency and Bankruptcy Code

October 11, 2023

NCLAT Rightly Upheld AA’s Order Rejecting Stay of Auction as Appellant Couldn’t Submit Compromise Scheme Within Time

Case Details: Bankey Bihari Infrahomes … Continue reading “NCLAT Rightly Upheld AA’s Order Rejecting Stay of Auction as Appellant Couldn’t Submit Compromise Scheme Within Time”

Blog, News, Company Law

October 11, 2023

[Opinion] Consequences of Negligence | Company and its Directors Face a Penalty of Rs 3 Lakh for not Appointing an Internal Auditor – A Case Study

[2023] 155 taxmann.com 153 (Article) … Continue reading “[Opinion] Consequences of Negligence | Company and its Directors Face a Penalty of Rs 3 Lakh for not Appointing an Internal Auditor – A Case Study”

Blog, News, GST & Customs

October 11, 2023

Order of Denial of Transitional Credit Without Providing Reasons for Such Denial to be Set Aside | Madras HC

Case Details: Alutec Facades India … Continue reading “Order of Denial of Transitional Credit Without Providing Reasons for Such Denial to be Set Aside | Madras HC”