CAclubindia Articles

SEBI introduces IRRA Platform

Posted by CS Lalit Rajput 07 January 2023 4346 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 8654 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 4082 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 15929 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 12657 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 7830 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.