Environmental, Social and Governance (ESG) As Sustainable development and Climate change movements are getting momentum along with the push from investors. It is imperative for companies to report their sustainability performance in order to maintain transparency with stakeholders. Global sustainable investments are growing rapidly and reached $35 trillion or 36% of the total assets under management in 2020. In India, […]
Poonawalla To Target Growth-Stage Firms With Rs. 1,000 Cr Fund; The Poonawalla Vision Fund, with a capital of $1 billion, was established by the chief executive of Serum Institute of India with regulatory approval. An application for registration as a category-II alternative investment fund was submitted to the Securities and Exchange Board of India (SEBI) on September 29. (AIF). The […]
GST Calendar –Compliances for the month of October 2022. Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) November 10, 2022 GSTR-8 (Tax Collected at Source ‘TCS’) November 10, 2022 GSTR-1 November 11, 2022 IFF- Invoice furnishing facility (Availing QRMP) November 13, 2022 GSTR-6 Input Service Distributor November 13, 2022 GSTR-2B (Auto Generated Statement) November 14, 2022 GSTR-3B […]
1.CIRCULAR NO. 21/2022 [F.NO. 275/25/2022-IT (B)], DATED 27-10-2022 Vide this circular the Central Board of Direct Taxes (CBDT) in exercise of its powers under section 119 of the Income-tax Act, 1961, extends the due date of filing of Form 26Q for the second quarter of financial year 2022-23 from 31st of October, 2022 to 30th of November, 2022. 2. CIRCULAR […]
In this edition, we have tried to bring you to notice the latest amendment that followed in the month of October 2022 issued by MCA, RBI, SEBI, DIPP, and others. Amendments issued by RBI RBI launches advanced supervisory monitoring system DAKSH Reserve Bank governor Shaktikanta Das has launched a new ‘SupTech’ initiative DAKSH – the bank’s Advanced Supervisory Monitoring System, […]
Bira91 to Buy Beverage Chain Beer Cafe: The Beer Café is set to be acquired by beer maker Bira 91 as it eyes a stronger play and offerings in pubs & taprooms market. It presents a huge opportunity for Bira 91 to leverage its infrastructure, experience, and expansion capabilities to further refine The Beer Café’s strong operating model and better […]
Edtech firm Lido Learning files for insolvency: Ronnie Screwvala’s Unilazer Ventures-backed Quality Tutorials Pvt. Ltd, which runs edtech platform Lido Learning, has filed for insolvency, according to the company’s latest filings with the corporate affairs ministry. In a meeting early this week, Lido’s board passed a special resolution to file for the corporate insolvency resolution process under section 10 of the […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of September, 2022 issued by MCA, RBI, SEBI, DIPP and others. AMENDMENTS ISSUED BY MCA Amendment to Schedule III to the Companies Act, 2013 vide Notification GSR. 207(E) The notification mandates companies to round off the figures appearing in the Financial Statements depending […]
Vide this circular the Central Board of Direct Taxes (CBDT) has issued additional guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-Tax Act, 1961. Earlier, the CBDT had issued guidelines vide Circular no. 12 of 2022, dated 16th June, 2022. Vide this letter dated 16.09.2022 the Central Board of Direct Taxes (CBDT) has issued Guidelines […]
GST Calendar –Compliances for the month of October 2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) October 10, 2022 GSTR-8 (Tax Collected at Source ‘TCS’) October 10, 2022 GSTR-1 October 11, 2022 IFF- Invoice furnishing facility (Availing QRMP) October 13, 2022 GSTR-6 Input Service Distributor October 13, 2022 GSTR-2B (Auto Generated Statement) October 14, 2022 GSTR-3B […]