A Corporate Debtor defaulted in the payment to the Operational Creditor, Safe Bank, a foreign bank, amounting to INR 1,000 crore.
There was amendment in sec 75(12) of the Central Goods and Services Tax Act, 2017 ("the CGST Act"), which were introduced vide the Finance Act, 2021 but brought into effect only from January 1, 2022 through Notification no. 39/2021-central tax dated December 21, 2021.
KYC a simple remember & easy to understand when it reaches to my ears 15 years back. The meaning I understood is KNOW YOUR CUSTOMER. I heard the same first time in bank.
State the consequences that would follow, if the Assessing Officer makes adjustment to arm's length price in international transactions of the assessee resulting in increase in taxable income.
It was observed that the separate section on going concern was not reported by the auditor as required by SA 570 (Revised)
The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act,1992.
In this article we are going to discuss important aspects of Insurance Contract. Main ingredients and principles on which insurance contract is generally drawn...
Let's understand above query with a decided case law Regional Director, Southern Region and Ors. (Appellants) vs. Real Image LLP and Ors. (Respondents)NCLATCompany Appeal (AT) No. 352 of 2018.
Pursuant to Section 34(3) of the LLP Act, 2008 and Rule 24 of Limited Liability Partnership Rules, 2009, every Limited Liability Partnership, both Indian & Foreign, are required to file a Statement of Accounts & Solvency (E-Form 8) with the Ministry of Corporate Affairs within the 30th of October of every financial year.
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