Daily digest for Gupta Chandan & Associates, on April 30, 2022

posted: "SEBI vide SEBI Circular No. IMD/FPIamp;C/CIR/P/2019/124 dated 05-11-2019 issued operational guidelines for FPI, DDP, and FI whereby the designated depository participant is required to grant certificate of registration, bearing the registration number gen" SEBI modifies guidelines for FPIs, Designated Depository Participants, and 'Eligible Foreign Investors' Apr 30 SEBI vide SEBI Circular No. IMD/FPIamp;C/CIR/P/2019/124 dated 05-11-2019 issued operational guidelines for FPI, DDP, and FI whereby the designated depository participant is required to grant certificate of registration, bearing the registration number generated by NSDL in a centralised manner. SEBI has decided to modify the operational guidelines. Now, the designated depository participant is required to […] 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: "COMPANY LAW : Where in FIR filed by CBI as regards inflated valuation of properties registered valuer 'R' was not named as an accused and there was no direct allegation on her and case was under investigation, contraventions alleged in Show Cause Notice (" SCN to valuer w.r.t eligibility to be quashed as there was no direct allegation against her and case was sub-judice: IBBI Apr 30 COMPANY LAW : Where in FIR filed by CBI as regards inflated valuation of properties registered valuer 'R' was not named as an accused and there was no direct allegation on her and case was under investigation, contraventions alleged in Show Cause Notice (SCN) as regards eligibility to be registered valuer did not appear to […] 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: "RBI vide. Circular no. DOR.CRE.REC.No. 60/03.10.001/2022 dated 22-10-2021 had revised the scale-based framework for NBFCs. Now, RBI has required NBFCs to put in place a Board approved compensation policy in order to address the issues arising out of exces" RBI prescribes guidelines on compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs Apr 30 RBI vide. Circular no. DOR.CRE.REC.No. 60/03.10.001/2022 dated 22-10-2021 had revised the scale-based framework for NBFCs. Now, RBI has required NBFCs to put in place a Board approved compensation policy in order to address the issues arising out of excessive risk-taking caused by misaligned compensation packages. Further, the policy is required to include the constitution 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

posted: "The Finance Act, 2022 has introduced a new concept of updated return, wherein it allows up to 24 months to file the return of income. The CBDT has notified a new Rule 12AC and new Form ITR-U for filing of such updated return of incomeThe Finance Act, 2022" CBDT notifies Form ITR-U for filing of updated return Apr 30 The Finance Act, 2022 has introduced a new concept of updated return, wherein it allows up to 24 months to file the return of income. The CBDT has notified a new Rule 12AC and new Form ITR-U for filing of such updated return of incomeThe Finance Act, 2022 has introduced a new concept of updated […] 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 DGFT has issued public notice to notify the list of Authorised Agencies to issue Certificate of Origin (preferential) for India-UAE CEPA.The DGFT has issued public notice to notify the list of Authorised Agencies to issue Certificate of Origin (prefer" Authorised Agencies to issue Certificate of Origin (preferential) for India-UAE CEPA notified: Public Notice Apr 30 The DGFT has issued public notice to notify the list of Authorised Agencies to issue Certificate of Origin (preferential) for India-UAE CEPA.The DGFT has issued public notice to notify the list of Authorised Agencies to issue Certificate of Origin (preferential) for India-UAE CEPA.taxmann.com Latest Statutory HappeningsRead More 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 DGFT has issued trade notice to provide that the preferential certificate of origin for exports to UAE under India-UAE CECPA shall be issued from the CoO e-platform with effect from 1st May 2022.The DGFT has issued trade notice to provide that the pre" Preferential Certificate of Origin for exports to UAE to be issued from CoO e-platform w.e.f 1st May 2022: Trade Notice Apr 30 The DGFT has issued trade notice to provide that the preferential certificate of origin for exports to UAE under India-UAE CECPA shall be issued from the CoO e-platform with effect from 1st May 2022.The DGFT has issued trade notice to provide that the preferential certificate of origin for exports to UAE under India-UAE CECPA shall […] 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 assessee trust was running a medical dispensary wherein it was providing free medical treatment to patients and annual income of assessee trust was out of interest income from investment which had been made of surplus lying with it and t" No denial of sec. 10(23C) relief merely because trust incurred only 12% of its receipt for philanthropic purposes – ITAT Apr 30 INCOME TAX: Where assessee trust was running a medical dispensary wherein it was providing free medical treatment to patients and annual income of assessee trust was out of interest income from investment which had been made of surplus lying with it and there being no allegation that assessee trust was involved in any activity for […] 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