• August 1, 2023

Pursuant to the Securities and Exchange Board of India (SEBI) investigation regarding the fraudulent diversion of funds between the group companies, NFRA initiated an investigation into the professional conduct of the statutory auditors under section 132(4) of the Companies Act 2013. NFRA has issued this order in series to earlier orders against the group companies […]

• July 31, 2023

Case Details: Law & Kenneth Saatchi & Saatchi (P.) Ltd. v. Patanjali Paridhan (P.) Ltd. - [2023] 152 taxmann.com 307 (NCLT-Allahabad) Judiciary and Counsel Details Praveen Gupta, Judicial Member & Ashish Verma, Technical Member Ms Somya Chaturvedi, Sanjeev Kumar Sharma & Arunav Guha Roy, Advs., for the applicant. Pulkit Gupta Adv. for the Respondent. Facts of the Case In the instant […]

• July 30, 2023

Table of Contents Horizontal, Common-size and Trend Analysis Horizontal Analysis Common-size Analysis Trend Analysis Corporate Illustration: Britannia Industries Check out Taxmann's Financial Accounting & Analysis which serves as a guide to understanding the essential accounting principles, offering an in-depth exploration of the subject. It achieves its objectives through financial statement analyses, supplemented by practical examples […]

• July 29, 2023

Circular No. SEBI/HO/IMD/PoD2/P/CIR/2023/129, Dated: 27.07.2023 SEBI has decided that the units of the Corporate Debt Market Development Fund (CDMDF) shall be subscribed by AMCs of Mutual Funds and “specified debt-oriented MF Schemes”. Accordingly, Debt-oriented MF schemes and AMC’s contributions, along with any appreciation, will be locked-in until the fund winds up. SEBI has further provided […]

• July 28, 2023

Circular No. SEBI/HO/IMD/IMD-I –PoD1/P/CIR/2023/126, Dated: 26.07.2023 As per Master Circular on Mutual Funds, the Trustees shall have arrangements with independent firms for special purpose audit and/or to seek legal advice. Accordingly, SEBI has now modified the Half Yearly Trustee Report format, as provided in Master Circular. The modified format includes for ‘Compliance with the requirement […]

• July 28, 2023

Details : ​​ Publish Date : Monday, July 24, 2023 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1143/PressRelease-Smt-Nirmala-Sitharaman-presides-over-164th-Income-Tax-Day-celebrations-at-Delhi-26-7-23.pdf source

• July 27, 2023

Anoop Deshpande & Miloni Mau – [2023] 152 taxmann.com 601 (Article) Background The concept of Alternate Director (“AD”) continues to be recognized under Companies Act, 2013 (“CA 2013”). Section 161 of CA 2013, inter-alia, provides that the Board, subject to authorisation under Articles of Association or by shareholders, can appoint AD for a director (“Main […]

• July 27, 2023

Publish Date : Wednesday, July 26, 2023 source

• July 26, 2023

Notification No. SEBI/LAD-NRO/GN/2023/140, Dated 24.07.2023 The SEBI has notified (Stock Brokers) (Second Amendment) Regulations, 2023. The amendment has been notified in Regulation 10 A i.e., Application for registration. A new proviso to the regulation has been inserted. Now, no separate registration shall be required for any person registered with the limited purpose clearing corporation as […]