RBI has issued circular w.r.t. Implementation of Indian Accounting Standards wherein it has clarified that unrealised gain/loss on a derivative transaction undertaken for hedging may be offset against the unrealised…
IRDAI has invited reference to Chapter IV of the Guidelines on Standardization in Health Insurance under Section 1 of Master Circular ref: IRDAI/HLT/REG/CIR/193/07/2020 dated 22.07.2020. In partial modification of the…
Sub section (5A) to section 45 has been inserted under the Income Tax Act, 1961 to provide taxability of capital gains arising to the land owner being Individual or HUF,…
Consumer Protection Act can be described as common man’s Civil Court. The Act is designed to make available cheap and quick remedy to a small consumer.Consumer Protection Act can be…
The Government of India today amended the General Financial Rules 2017 to enable imposition of restrictions on bidders from countries which share a land border with India on grounds of…
ICAI through its Corporate Laws & Corporate Governance Committee (CL&CGC) has released this “Technical Guide on Incorporation of Companies through SPICE+” to provide detailed guidance on the procedural aspects of…
The CBDT and CBIC have signed an MoU for data exchange. This MoU supersedes the MoU signed between CBDT and CBEC in year 2015. In addition to regular exchange of…
The Consumer Protection Act, 2019 (‘Act’) comes in to force from today i.e. 20th July 2020. Act includes establishment of the Central Consumer Protection Authority (CCPA) and rules for prevention…
The CG has issued the Consumer Protection Authority (Allocation and Transaction of Business) Regulations, 2020 wherein provisions related to procedure for transactions and allocation of business, manner and form, Affixation…
Late last year, the National Company Law Appellate Tribunal (NCLAT) pronounced its judgement in the dispute between Cyrus Mistry (Mistry) and Tata Sons Ltd. (Company).Late last year, the National Company…