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Clarification on Media Reports regarding Oil Ministry seeks windfall tax review
There have been some media reports which states that ‘Oil Ministry seeks windfall tax review’. The reports, quoting Ministry of Petroleum & Natural Gas’ letter of August, 2022 have stated that the Min...
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HPZ Token Bitcoin fraud – ED carried out search operations under PMLA
Directorate of Enforcement (ED) has carried out search operations under the Prevention of Money Laundering Act (PMLA), 2002 (on 14.09.2022) Press Release 16.09.2022 Directorate of Enforcement (ED) has...
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Capital Gain Exemption – Section 54EC bond discontinued by NHAI
National Highways Authority of India (Ministry of Road Transport and Highway) NHAI/54 EC Bonds/2022-23/Collecting Banks The followings collecting Banks of NHAI 54EC Bonds:- Dated: 03.09.2022 Mr. Sung...
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Centre amends Legal Metrology (Packaged Commodities) Rules 2011
Centre amends the Legal Metrology (Packaged Commodities) Rules 2011 for ease of doing business and reducing the compliance burden for the garment or hosiery sold in loose or open The amendment exempts...
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FTAs with developed world an important agenda of Modi government
Ministry of Textiles Free trade agreements (FTAs) with the developed world an important agenda of Modi government: Shri Goyal Textile Industry has a big role in making FTAs a success: Shri Piyush Goya...
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Govt clarifies on corporate tax collections after criticism
After criticism on Tax Rate Reduction for Corporates Income Tax India has given following clarification on Twitter. It is to be noted that Tax Rate for Corporates been reduced to 22% while other categ...
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SC explains section 7(5)(b) of IBC 2016 in case of appeal being continuation of original proceedings
Kotak Mahindra Bank Limited Vs. Kew Precision Parts Private Limited & Ors. (Supreme Court) The Hon’ble SC vide its order dated 5th August, held that an appeal being the continuation of original procee...
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IBBI disposes off 6,172 complaints out of 6,231 against service providers under IBC
IBBI disposes off 6,172 complaints and grievances out of 6,231 against service providers under IBC The Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations...
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FRC fined PwC over BT fraud audit failures
Financial Reporting Council Sanctions against PricewaterhouseCoopers LLP and audit partner This Press Notice concerns the outcome of an investigation into the relevant Statutory Auditor(s). The invest...
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Govt have no role in corporate insolvency resolution process (CIRP)
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 3536 ANSWERED ON MONDAY THE 8TH AUGUST, 2022 SRAVANA 17, 1944 (SAKA) REPAYMENT OF LOANS UNDER IBC QUESTION 3536. SHRI...
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No rule making power for Voluntary liquidation for corporate persons in IBC 2016
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 3492 ANSWERED ON MONDAY THE 8TH AUGUST, 2022 SRAVANA 17, 1944 (SAKA) VOLUNTARY WINDING UP OF COMPANIES QUESTION 3492....
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Supreme Audit Institutions should engage with media, citizens & anti-corruption agencies: CAG
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA Supreme Audit Institutions should engage with media, citizens and anti-corruption agencies Engagement of Supreme Audit Institutions (CAGs) should...
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All 4 PSU insurers incurred losses in health insurance business in 2016-17 to 2020-21
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA New Delhi | 5th August 2022 Audit Report on Third Party Administrators in Health Insurance business of Public Sector Insurance Companies tabled i...
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Draft IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2022
Insurance Regulatory and Development Authority of India EXPOSURE DRAFT INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (REGULATORY SANDBOX) (AMENDMENT) REGULATIONS, 2022 1. The Authority has n...
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Delayed payment to MSMEs – MCA introduced MSME Form-1
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 2374 ANSWERED ON MONDAY, August 1, 2022/ Sravana 10, 1944 (SAKA) COMPLIANCE OF MCA RULES QUESTION 2374. SHRI D.M. KA...
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NFRA Rule 13 – Punishment in case of non-compliance
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 2487 ANSWERED ON MONDAY THE 1ST AUGUST, 2022 {SRAVAN 10, 1944 (SAKA)} AMENDMENTS TO NFRA RULES QUESTION 2487. MS. LOC...
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Narcotics Bureau busts illicit drug manufacturing kitchen lab at Karnal
Central Bureau of Narcotics busts illicit drug manufacturing kitchen lab at Karnal, Haryana Acting on the said specific information, officers of Central Bureau of Narcotics, New Delhi, raided on 05/07...
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MCA notice on Verification of Investors Claims of Heera Group
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS SERIOUS FRAUD INVESTIGATION OFFICE REGIONAL OFFICE : HYDERABAD Survey No. 127/1,4th Floor, Corporate Bhawan, Tattiannaram Village, Bandlaguda, Hyderab...
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Parliament passes National Anti-Doping Bill 2022
Parliament passes the National Anti-Doping Bill 2022 to provide for the constitution of National Anti-Doping agency as a statutory body for regulating anti-doping activities in sports It is a landmark...
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CCPA issues 24 notices for unfair trade practices against e-commerce companies
CCPA issues two Safety Notices to alert and make consumers cautious against buying household goods that do not conform to the Bureau of Indian Standards The Union Minister of State for Consumer Affair...