• May 13, 2023

Case Details: M.K. Resely v. Union Bank of India - [2023] 149 taxmann.com 409 (NCLAT - Chennai) Judiciary and Counsel Details M. Venugopal, Judicial Member and Naresh Salecha, Technical Member   S. Easwaran, Adv. for the Appellant.Varun Srinivasan, Shinu J. Pillai and A.G. Sathyanarayana, Advs. for the Respondent. Facts of the Case In the instant case, the CIRP application filed by […]

• May 12, 2023

Publish Date : Wednesday, May 10, 2023 source

• May 12, 2023

Notification No. G.S.R. 354(E), Dated: 10.05.2023 The Ministry of Corporate Affairs (MCA) has notified an amendment to the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. The amendment provides more clarity on the filing requirements of overdue financials before applying for strike-off. As per the amended norms, the company cannot […]

• May 12, 2023

Publish Date : Wednesday, May 10, 2023 source

• May 11, 2023

Notification No. S.O. 2135(E), Dated 10.05.2023 The Government has notified amendment in the definition of “person carrying on designated business or profession” u/s 2(1) (sa). The Govt. has included directors of a company, trustees of an express trust and nominee shareholders of the company as reporting entities under the PMLA for certain activities undertaken in […]

• May 10, 2023

Ind AS Schedule III provides guidelines for the presentation and disclosure of financial statements of companies in India. In accordance with Ind AS Schedule III, companies are required to provide detailed information regarding their current assets including inventories, investments, trade receivable, cash, loans, current tax assets & other current assets in their financial statements. This […]

• May 9, 2023

Mukesh Kohli – [2023] 150 taxmann.com 9 (Article) There was debate on whether the jurisdiction of AO to make assessment is confined to incriminating material found during the course of search u/s. 132 of the Income-tax Act. The High Courts had taken the view that AO can interfere with completed assessments u/s 153A only if […]

• May 9, 2023

Publish Date : Wednesday, May 3, 2023 source

• May 8, 2023

Circular No. SEBI/HO/MRD/TPD/P/CIR/2023/65; dated: 05.05.2023 SEBI has put in place a comprehensive testing framework for the Information Technology (IT) systems of the Market Infrastructure Institutions (MIIs). The framework will manage the IT systems of MIIs throughout their lifecycle and shall assist in performing thorough risk assessments before deploying any IT systems in the production/live environment. […]