Daily digest for Gupta Chandan & Associates, on April 28, 2022

posted: "MCA has notified the Companies (Registration of Charges) Amendment Rules, 2022. Amendments has been made in rule 3 (Registration of creation or modification of charge). MCA notifies that the rule 3 shall not apply to any charge required to be created or m" Registration of creation/modification of charge not apply to charge created/modified by banking Cos. in RBI's favour Apr 28 MCA has notified the Companies (Registration of Charges) Amendment Rules, 2022. Amendments has been made in rule 3 (Registration of creation or modification of charge). MCA notifies that the rule 3 shall not apply to any charge required to be created or modified by a banking company under section 77 in favour of the Reserve […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack

posted: "The IFSCA has issued a guidance framework on sustainable linked lending by Financial institutions wherein it has directed all IFSC Banking Units (IBUs) and Finance Company/Finance Units (FC/FUs) to develop a comprehensive Board approved policy on green/so" IFSCA mandates IFCS banking units/Finance Units to develop a comprehensive policy on sustainable linked lending Apr 28 The IFSCA has issued a guidance framework on sustainable linked lending by Financial institutions wherein it has directed all IFSC Banking Units (IBUs) and Finance Company/Finance Units (FC/FUs) to develop a comprehensive Board approved policy on green/social/sustainable/sustainability-linked lending by Mar 31, 2023. As per the framework, from Apr 1, 2023, 5% of the gross loans […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack

posted: "The IFSCA has prescribed a framework for the authorization of the FinTechs in the IFSCS. The framework would be applicable to all eligible Domestic or Foreign entities, desirous of obtaining authorization as FinTech Entity (FE) from IFSCA, for participati" IFSCA prescribes a framework for FinTech entities in the International Financial Services Centres Apr 28 The IFSCA has prescribed a framework for the authorization of the FinTechs in the IFSCS. The framework would be applicable to all eligible Domestic or Foreign entities, desirous of obtaining authorization as FinTech Entity (FE) from IFSCA, for participating in undertaking one or more of the permissible activities under this framework. FinTech Entity means an […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack

posted: "The CBIC has issued instruction for granting exemption from customs duty on parts of specified medical oxygen related equipments to provide that the benefit of the exemption notification may not be denied, merely on the issue of not observing the procedur" CBIC issues instruction for granting exemption from customs duty on parts of specified medical oxygen related equipments Apr 28 The CBIC has issued instruction for granting exemption from customs duty on parts of specified medical oxygen related equipments to provide that the benefit of the exemption notification may not be denied, merely on the issue of not observing the procedure.The CBIC has issued instruction for granting exemption from customs duty on parts of specified […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack

posted: "The Central Board of Direct Taxes (CBDT) has notified countries and specified territories in which the 'Original Fund' should be resident to claim exemption provided by Sections 47(viiac) and 47(viiad).The Central Board of Direct Taxes (CBDT) has notified" CBDT notifies countries in which 'Original Fund' should be resident to claim Sec. 47 (viiac)/(viiad) exemption Apr 28 The Central Board of Direct Taxes (CBDT) has notified countries and specified territories in which the 'Original Fund' should be resident to claim exemption provided by Sections 47(viiac) and 47(viiad).The Central Board of Direct Taxes (CBDT) has notified countries and specified territories in which the 'Original Fund' should be resident to claim exemption provided by […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack

posted: "The SEBI vide. Notification dated 14-1-2022 notified the SEBI (ICDR) (Amendment) Regulations, 2022. The amendments were made to Regulations no. 32, 49, 129, 145, Schedule XIII and XIV. Now, SEBI has specified the effective date of amendments. Amendments w" SEBI amends ICDR norms; prescribes effective date w.r.t size of public issue Apr 28 The SEBI vide. Notification dated 14-1-2022 notified the SEBI (ICDR) (Amendment) Regulations, 2022. The amendments were made to Regulations no. 32, 49, 129, 145, Schedule XIII and XIV. Now, SEBI has specified the effective date of amendments. Amendments will be applicable depending upon size of public issue - for public issues of size less than […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack

posted: "INCOME TAX : Where there was no finding that there was delay in proceeding resulting in refund and that delay was attributable to assessee and, benefit of advance tax had already been allowed, interest on refund was to be granted to assessee under section" HC allows interest on refund u/s 244A as there was no finding by AO that delay was attributable to assessee Apr 28 INCOME TAX : Where there was no finding that there was delay in proceeding resulting in refund and that delay was attributable to assessee and, benefit of advance tax had already been allowed, interest on refund was to be granted to assessee under section 244AINCOME TAX : Where there was no finding that there was […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack

posted: "EXCISE/ST/VAT : Where in writ petition Single Judge, relying on judgment of Division Bench of High Court as affirmed by Supreme Court held that department could not levy service tax on assessee for period from 1-3-2002 to 17-4-2006 in relation to services" HC dismissed appeal of revenue based on HC decision which was rendered much prior to judgment of Apex Court Apr 28 EXCISE/ST/VAT : Where in writ petition Single Judge, relying on judgment of Division Bench of High Court as affirmed by Supreme Court held that department could not levy service tax on assessee for period from 1-3-2002 to 17-4-2006 in relation to services received, it was not open to revenue to file appeal against judgment of […] Read more of this post Comment Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com Powered by Jetpack