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SEBI introduces IRRA Platform

  CS Lalit Rajput    07 January 2023 at 17:44

SEBI on 30th December, 2022 has issued a circular vide notification no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2022/177 and has introduced Investor Risk Reduction Access (IRRA) platform



Bogus Purchase and Input Tax Credit Notice

  Chetan Chauhan    07 January 2023 at 15:51

A bogus purchase and input tax credit notice is a formal communication issued by a tax authority, such as the GST (Goods and Services Tax) department, to a taxp..



RBI amends Foreign Investment guidelines for reporting in SMF on FIRMS

  CS Lalit Rajput    07 January 2023 at 11:15

The Reserve Bank of India (RBI)vide Notification no. RBI/2022-23/160 A.P. (DIR Series) Circular No. 22, dated04.01.2023has amended the guidelines for reporting ..



Conditions of revocation of declared dividend

  FCS Deepak Pratap Singh    07 January 2023 at 10:35

As you are aware that "Dividend" is a return on investment made by shareholders in a Capital of a Company and it is different from return on borrowed Capital as interest. A dividend is share of profit to the shareholders of a company ,in which he/she /it has invested.



Proposed amendments in IBC in the year 2023

  CS Peer mehboob    07 January 2023 at 08:56

The amendments vide Insolvency and Bankruptcy Code (Amendment) Bill 2022 to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for timely resolution of stressed assets, are expected to be introduced in the Budget session of Parliament early next year.



FIRMS Portal: Recent changes and practical difficulties

  CS Anupriya Saxena    07 January 2023 at 08:56

In the year 2018, the Reserve Bank of India changed the paradigm by shifting most of its filings to web-based forms which were earlier done in physical form/by submitting hard copies of the forms and supporting documents. These portals were FIRMS and FLAIR.



Guidance given by SEBI on creation of Suspense Escrow Demat Account

  Affluence Advisory    07 January 2023 at 08:56

SEBI vide its circular dt: January 25, 2022 had directed listed entities to process all service requests in Demat form.



Amendments and Insertion in Registration provisions under GST and how it will streamline registration process

  Bhavik Sindhvad    07 January 2023 at 08:56

There has been proposed to insert and also amend certain provisions in rule 8 & 9 of CGST Rules regarding registration process under GST.



Important changes in GST pursuant to 48th GST Council Meeting

  Swapnil Munot    06 January 2023 at 17:11

48th GST Council meeting was held on 17th Dec 2022 via virtual modes, in which some changes were made in GST Law



Income Tax Notice

  Aisha    06 January 2023 at 15:24

An income tax notice is a formal communication from the Income Tax Department stating that there is an issue with your tax return or tax payments.