CAclubindia Articles

Can banks freeze a customer's account for non-compliance with Re-KYC (KYC review)?

Posted by Shivaprasad Laxman Chhatre 29 August 2022 9836 Views

Neither RBI on its own can direct, a partial or total freeze of Re-KYC due (non-compliant) bank account nor it can delegate such authority to any bank/branch to impose such a freeze. RBI has formally confirmed that the directions it had given in Sept 2014 were applicable before the amendment on 20th April 2018.

PPF: Savings cum tax saving investment and its latest rules

Posted by FCA surbhi jain 27 August 2022 5799 Views

PPF is one of the best long term investment options with attractive rate of interest and returns on investment for the individuals who have low risk appetite. It can also be called as savings cum tax savings investment option to save taxes and earn guaranteed returns.

Penalty for non-maintenance of registered office

Posted by Affluence Advisory 27 August 2022 6423 Views

Every Company should maintain its registered office pursuant to Section 12 of the Companies Act, 2013.

Case study on Companies Act, 2013

Posted by FCS Deepak Pratap Singh 27 August 2022 23902 Views

The author highlights a case study on Companies Act, 2013

How to update your name on PAN card

Posted by Taxblock 27 August 2022 6764 Views

PAN card or Permanent Account Number is a unique ten-digit alphanumeric number issued by NSDL in India. It is used for various tax purposes while filing as identity proof and serves as valid identity proof for multiple other processes.

What is Margin Call Forex?

Posted by Shree 26 August 2022 4476 Views

In this article, we are going to introduce you to this concept so that you will understand how things happen.

Income of Freelancers and Taxation around it

Posted by Taxblock 26 August 2022 4085 Views

Freelancing income refers to an income or money earned by working on specific assignments for a specific term and getting paid for the work upon completion and submission.

Physical Verification Of Registered Office by ROC

Posted by CS Divesh Goyal 26 August 2022 3235 Views

As per the MCA notification dated 18thAugust 2022 Government has notified the Companies (Incorporation) Third Amendment Rules, 2022. As per the amended rules MCA has added a new Rule i.e.25B- Physical verification of Registered office of the Company. This rule came to complete the Section 12(9) of Companies Act, 2013.

FEMA Overseas Direct Investment Rules 2022: A step towards a progressive India

Posted by CS Tanishq 26 August 2022 10088 Views

The Ministry of Finance has notified Foreign Exchange Management (Overseas Investment) Rules, 2022 ("Rules") with a view to ease the restrictions on outbound investments in India.