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SEBI Issues Guidelines for Draft Offer Documents and Returning Draft Documents and Its Resubmission
The Securities and Exchange Board of India (SEBI) plays a crucial role in regulating the securities market and safeguarding investor interests. Among its many responsibilities, SEBI oversees the issuance of offer documents by companies looking to raise funds through public offers.
For Tax Filing - Analyze the Old & New Tax Regime
Lately, a lot of confusion has sparked on various internet platforms regarding the tax changes for the financial year (FY) 2024-25. However, the Ministry of Finance has put that to rest by putting out a clarification vide its Twitter handle that there are no changes on the tax rates as on 01.04.2024.
Issuance of notice in Form GST ASMT-10
Goods and Services Tax (GST) is a self-assessment-based tax scheme wherein a taxpayer is required to determine its tax liability and avail the eligible credit on a periodical basis.
GST: Action Points of Closing of FY 2023-24
Checklist to be followed in March 2024 for the GST Compliances of FY 2023-24
Highlights of Revised Secretarial Standards on General Meetings (SS-2)
The ICSI in January, 2024 has issued a revised SS-2 (effective from April 01st, 2024) to maintain consistency with the amended (vide Companies (Amendment) Act, 2017) provisions of the Act.
Scale-Based Regulation 2023: Non-Banking Financial Company (NBFCs)
The Reserve Bank of India (RBI) has played a crucial role in regulating the NBFC sector over the years. With the sector's evolution and growth dynamically the regulator amends the regulations from time to time giving the sector the flexibility to operate efficiently.
Responsibilities of the NBFCs registered with RBI, with regard to submission and compliances
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013, engaged in the business of loans and advances, acquisition of shares/ stocks/ bonds/ debentures/ securities issued by Government or local authority or other marketable securities
Highlights on Revised Secretarial Standards-1
Revised Secretarial Standards -1 has been issued by ICSI and approved by the Central Government under Section 118(10) of the Companies Act, 2013 on 02nd January 2024 and it shall be effective from 01st April 2024.
Registration of Section 8 Company in India
SECTION 8 COMPANY is a non-profit company formed and registered under section 8 of the Companies Act, 2013 specifically to promote social welfare, education, art, science, religion, charity, and other noble causes prioritizing social impact over financial gains.
ITAT Judgement - Ignorance of the Provisions of Section 269 will initiate penalty proceedings u/s 271E
ITAT: Upheld penalty, states that poor history of clearance of cheque is not valid reason to make repayment in cash and against the mode prescribed under Section 269T of the Income-tax Act, 1961.
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