CAclubindia Articles

Corporate Compliance Calendar - January 2023

Posted by CS Lalit Rajput 09 January 2023 6076 Views

Compliance Tracker for the month of January 2023

Important Updates and Due Date Compliances under GST for January 2023

Posted by Tarun Kr. Gupta 09 January 2023 9948 Views

important clarifications/ amendments issued by the Government on GST in December 2022/ January 2023 alongwith compliance timelines in January 2023: Compliance...

Appointment of foreign national as a director of Indian company

Posted by CS MOHIT SALUJA 09 January 2023 27338 Views

The company’s law in India does not bar foreign nationals to become directors in Indian companies. A foreigner or a non-resident Indian can become an executive or a non-executive/independent director of Indian companies whether public or private.

Digital rupee: The next UPI?

Posted by Ayush Vats 09 January 2023 4454 Views

The digital rupee, also known as the Digital Indian Rupee (DIR), has been a hot topic in the Indian financial sector for some time now. The idea behind the digital rupee is to create a digital version of the Indian currency that can be used for online transactions, just like the UPI.

SEBI introduces IRRA Platform

Posted by CS Lalit Rajput 07 January 2023 4342 Views

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

Posted by Chetan Chauhan 07 January 2023 8649 Views

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

Posted by CS Lalit Rajput 07 January 2023 4077 Views

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

Posted by FCS Deepak Pratap Singh 07 January 2023 15923 Views

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

Posted by CS Peer mehboob 07 January 2023 12653 Views

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

Posted by CS Anupriya Saxena 07 January 2023 7826 Views

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.