e-Advance Rulings (Amendment) Scheme, 2023

e-Advance Rulings (Amendment) Scheme, 2023 The Central Board of Direct Taxes (CBDT) has amended the e-advance rulings scheme, 2022, vide notification no. S.O. 2569(E) issued on 12th June 2023. These amendments, known as the e-Advance Rulings (Amendment) Scheme 2023, have…

Companies (Miscellaneous) Amendment Rules, 2023

Companies (Miscellaneous) Amendment Rules, 2023 The Ministry of Corporate Affairs (MCA) published the Companies (Miscellaneous) Amendment Rules, 2023 on January 21, 2023, in order to further amend the Companies (Miscellaneous) Rules, 2014. These amendments include the revision of forms MSC-1,…

Prevention of Money Laundering (Maintenance of Records) Amendment Rules, 2023

Prevention of Money Laundering (Maintenance of Records) Amendment Rules, 2023 In March 2023, the Ministry of Finance's Department of Revenue introduced the Prevention of Money Laundering (Maintenance of Records) Amendment Rules, 2023. These rules expanded the scope of reporting entities…

SEBI Settlement Scheme 2022

SEBI Settlement Scheme 2022 Recently, the Securities Exchange Board of India, vide public notice dated 19th August 2022, announced the SEBI Settlement Scheme 2022. The SEBI Settlement Scheme 2022 has got operational from 22nd August 2022 till 21st November 2022.…

47th GST Council Meeting

47th GST Council Meeting 47th GST council meeting took place on two days i.e. 28th June 2022 and 29th June 2022 under the chairmanship of Finance Minister of India Smt. Nirmala Sitharaman. The present article highlights important recommendations provided at…

Scrutiny of GST returns and Parameters thereof as per SOP

Scrutiny of GST returns and Parameters thereof as per SOP Recently, the Central Board of Indirect Taxes and Customs, vide instruction no. 02/2022-GST dated 22nd March 2022, has come up with the Standard Operating Procedure (SOP) to be followed for…

Compliance Requirements under Nidhi Companies

Compliance Requirements under Nidhi Companies Nidhi Company is a type of Non-Banking Financial Company (NBFC) that has the principal object of borrowing and lending money between its members. This Mutual Benefit Company needs to file little annual compliance and it…

Government Tightens Nidhi Companies’ Compliance Norms

Government Tightens Nidhi Companies’ Compliance Norms The Ministry of Corporate Affairs vides its notification dated 19th April 2022, has published the Nidhi (Amendment) Rules, 2022 to further amend the Nidhi Rules, 2014. To protect the interests of the public and…

Nidhi (Amendment) Rules, 2022

Nidhi (Amendment) Rules, 2022 The Ministry of Corporate Affairs, vide notification dated 19th April 2022, amended the Nidhi Rules, 2014. Notably, the Nidhi (Amendment) Rules, 2022 make prior declaration from the Central Government mandatory, before accepting the deposits for public…

Proposed taxability of Virtual Digital Assets

Proposed taxability of Virtual Digital Assets The Union Budget 2022-2023, presented by the Finance Minister on 1st February 2022, came up with the new provisions governing taxing as well tracking of ‘Virtual Digital Assets’. With already hit-up topic vis-à-vis budget…