Daily digest for Gupta Chandan & Associates, on July 5, 2022

posted: "The RBI has issued instructions to non-bank PSOs to take prior approval for takeover or acquisition of control, which may or may not result in a change of management. This also includes the sale or transfer of payment activity to an entity not authorized " Gupta Chandan & Associates Now non-bank PSOs are required to take prior approval for takeover/ acquisition/sale amp; transfer of payment: RBI Jul 5 The RBI has issued instructions to non-bank PSOs to take prior approval for takeover or acquisition of control, which may or may not result in a change of management. This also includes the sale or transfer of payment activity to an entity not authorized for undertaking a similar activity. Further, the non-bank PSOs shall inform […] 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/news/now-non-bank-psos-are-required-to-take-prior-approval-for-takeover-acquisition-sale-amp-transfer-of-payment-rbi/ Powered by Jetpack

posted: "Recently Maha RERA on 30.06.2022 (Appeal No. AT0060000000J052727) in the case of Mysore Petro Chemicals Ltd Vs. Raghuleela Builders Pvt. Ltd. has held that RERA does not recognize the concept of fit-out possession.Recently Maha RERA on 30.06.2022 (Appeal " Gupta Chandan & Associates Whether the concept of "Fit-out-possession" is recognised under RERA? Jul 5 Recently Maha RERA on 30.06.2022 (Appeal No. AT0060000000J052727) in the case of Mysore Petro Chemicals Ltd Vs. Raghuleela Builders Pvt. Ltd. has held that RERA does not recognize the concept of fit-out possession.Recently Maha RERA on 30.06.2022 (Appeal No. AT0060000000J052727) in the case of Mysore Petro Chemicals Ltd Vs. Raghuleela Builders Pvt. Ltd. has held […] 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/news/whether-the-concept-of-fit-out-possession-is-recognised-under-rera/ Powered by Jetpack

posted: "SEBI has implemented an online platform (SCORES) to help investors to lodge their complaints. In line with the same, all Recognized Stock Exchanges are advised to design and implement an online web-based complaints redressal system of their own, which wi" Gupta Chandan & Associates SEBI directs all exchanges to design and implement an online web-based complaints redressal system in line with SCORES Jul 5 SEBI has implemented an online platform (SCORES) to help investors to lodge their complaints. In line with the same, all Recognized Stock Exchanges are advised to design and implement an online web-based complaints redressal system of their own, which will facilitate investors to file complaints and escalate complaints for redressal through Grievance Redressal Committee (GRC), […] 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/news/sebi-directs-all-exchanges-to-design-and-implement-an-online-web-based-complaints-redressal-system-in-line-with-scores/ Powered by Jetpack

posted: "The Central Government has designated with immediate effect, the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) as the authority which shall create, maintain and operate an online database for information o" Gupta Chandan & Associates Govt. designates CERSAI as authority to create, maintain and operate database of deposit takers operating in India Jul 5 The Central Government has designated with immediate effect, the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) as the authority which shall create, maintain and operate an online database for information on deposit takers operating in India.The Central Government has designated with immediate effect, the Central Registry of Securitisation Asset Reconstruction […] 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/news/govt-designates-cersai-as-authority-to-create-maintain-and-operate-database-of-deposit-takers-operating-in-india/ Powered by Jetpack

posted: "The CBIC has issued notification to extend the exemption of Customs Duty and AIDC on Cotton, not carded or combed falling under HSN 5201 till 31st October by one month.The CBIC has issued notification to extend the exemption of Customs Duty and AIDC on Co" Gupta Chandan & Associates Govt. extends exemption of Customs Duty and AIDC on Cotton, not carded or combed till 31st October, 2022 Jul 5 The CBIC has issued notification to extend the exemption of Customs Duty and AIDC on Cotton, not carded or combed falling under HSN 5201 till 31st October by one month.The CBIC has issued notification to extend the exemption of Customs Duty and AIDC on Cotton, not carded or combed falling under HSN 5201 till 31st […] 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/news/govt-extends-exemption-of-customs-duty-and-aidc-on-cotton-not-carded-or-combed-till-31st-october-2022/ Powered by Jetpack

posted: "The CBIC has issued notification to exempt excise duty on 12% ethanol blended petrol and 15% ethanol blended petrol.The CBIC has issued notification to exempt excise duty on 12% ethanol blended petrol and 15% ethanol blended petrol.taxmann.com Latest Stat" Gupta Chandan & Associates CBIC exempts excise duty on 12% ethanol blended petrol and 15% ethanol blended petrol: Notification Jul 5 The CBIC has issued notification to exempt excise duty on 12% ethanol blended petrol and 15% ethanol blended petrol.The CBIC has issued notification to exempt excise duty on 12% ethanol blended petrol and 15% ethanol blended petrol.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/news/cbic-exempts-excise-duty-on-12-ethanol-blended-petrol-and-15-ethanol-blended-petrol-notification/ Powered by Jetpack

posted: "The Income-tax Department has carried out search amp; seizure operations on a group engaged in business of coal transportation and other allied activities. Evidence of such collection of more than Rs. 200 crore during a short time period has been foundThe" Gupta Chandan & Associates Tax Dept. detects undisclosed income of more than Rs. 200 crore in search conducted on coal trader Jul 5 The Income-tax Department has carried out search amp; seizure operations on a group engaged in business of coal transportation and other allied activities. Evidence of such collection of more than Rs. 200 crore during a short time period has been foundThe Income-tax Department has carried out search amp; seizure operations on a group engaged in […] 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/news/tax-dept-detects-undisclosed-income-of-more-than-rs-200-crore-in-search-conducted-on-coal-trader/ Powered by Jetpack

posted: "INCOME TAX : Where revenue failed to consider submission of assessee before passing order under section 148A(d), mandate of section 148A(c) had been violated, and therefore, impugned order was to be quashed and matter was to be remanded back to Assessing " Gupta Chandan & Associates Mandate of section 148A(c) violates if AO didn't consider assessee's submission before passing order u/s 148A: HC Jul 5 INCOME TAX : Where revenue failed to consider submission of assessee before passing order under section 148A(d), mandate of section 148A(c) had been violated, and therefore, impugned order was to be quashed and matter was to be remanded back to Assessing Officer for determination afreshINCOME TAX : Where revenue failed to consider submission of assessee […] 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/news/mandate-of-section-148ac-violates-if-ao-didnt-consider-assessees-submission-before-passing-order-u-s-148a-hc/ Powered by Jetpack