In this edition we have tried to bring to your notice the latest amendments that followed in the month of June, 2023 issued by MCA, RBI, SEBI, IBBI and others. SEBI LAWS Master circular on scheme of arrangement by listed entities and relaxation under sub rule (7) of rule 19 of the securities contracts (regulation) rules,1957 SEBI has notified the said master circular to enable the users to have access to the applicable circulars at one place. To read more
Month: July 2023
Indirect Tax Alert – June 2023
GST Calendar –Compliances for the month of June’2023 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) July 10, 2023 GSTR-8 (Tax Collected at Source ‘TCS’) July 10, 2023 GSTR-1 July 11, 2023 IFF- Invoice furnishing facility (Availing QRMP) July 13, 2023 GSTR-6 Input Service Distributor July 13, 2023 GSTR-2B (Auto Generated Statement) July 14, 2023 GSTR-3B July 20, 2023 GSTR-5 (Non-Resident Taxable Person) July 20, 2023 GSTR-5A (OIDAR Service Provider) July 20, 2023 PMT-06 (who have opted
Direct Tax Alert – June 2023
CBDT NEW DELHI CIRCULAR NO 10/2023, Dated: June 30, 2023 The CBDT issued a circular dated 30.06.2023; to remove difficulty in the implementation of changes relating to Tax Collection at Source (TCS) on Liberalised Remittance Scheme (LRS) and on the purchase of overseas tour program package – reg. CBDT NEW DELHI CIRCULAR NO 09/2023, Dated: June 28, 2023 Vide this circular the CBDT extended the time limit of filing of Statement of deduction of tax or collection of tax:- (i)
Corporate Finance Alert – June 2023
BPEA EQT, ChrysCapital Strike $1.3 Bn Deal For HDFC Credila Buyout group BPEA EQT and Indian private equity firm ChrysCapital have agreed to acquire a stake of around 90% in education finance company HDFC Credila Financial Services Ltd in a deal worth a total of about INR 11,063 crore ($1.3 billion). The two PE firms will buy the stake in HDFC Credila from Housing Development Finance Corporation (HDFC) for about Rs 9,060.5 crore ($1.1 billion). They will also infuse INR
Charges: Registration, Satisfaction & Modification
A CHARGE is stated in Section 2(16) of the Companies Act, 2013 which expresses that a charge could be and includes a mortgage In other words, a charge, in the context of the Companies Act, refers to a legal claim or interest created by a company over its assets or properties to secure a debt or an obligation. It serves as a safeguard for lenders and investors who provide financing to the company. Charges can be classified into two broad
Mastering Goods and Services Tax (GST): Essential Tips and Strategies for Businesses to Navigate the Complexities
Introduction The introduction of Goods and Services Tax (GST) has revolutionized the tax landscape for businesses globally. This all-encompassing and unified tax system, embraced by numerous countries, aims to simplify and streamline indirect taxation foster sustainable economic growth, and bolster tax compliance. However, navigating the intricate complexities of GST can be an overwhelming challenge for businesses, especially those unfamiliar with its intricacies. In this blog post, we will explore essential tips and strategies to empower businesses in mastering the GST
ACCEPTANCE OF DEPOSITS
As per the Companies Act, 2013, a deposit is any money that is received, either by means of a deposit or a loan or any other form as may be prescribed, but does not include certain classes of transactions. The provisions concerning deposits are covered under Sections 73 to 76 of the Companies Act, 2013, which are generally read with the prescribed Rules. Exclusions: Any amount, (b) as advance, accounted for in any manner whatsoever, received in connection with consideration
GENERAL DATA PROTECTION REGULATION (GDPR)
GENERAL DATA PROTECTION REGULATION (GDPR) Applicability: General Data Protection Regulations are applicable to European Union countries like, Austria Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. Introduction: Principles relating to processing of personal data: Rights of Users: General Data Protection Regulation gives a number of rights to the users. The same are listed below: It’s important to note
Demystifying the World of Finance Consulting:
A Guide to Unlocking Financial Success Finance consulting is a field that holds great potential for individuals and businesses looking to navigate the complex world of finance. Whether you are a seasoned entrepreneur or a fresh graduate seeking to make your mark in the financial industry, understanding the intricacies of finance consulting can be the key to unlocking financial success. In this blog post, we will explore the fundamentals of finance consulting and provide you with a comprehensive guide to