Adani Ports To Buy 95% Of Odisha’s Gopalpur Port For $162 Mn India Billionaire, Gautam Adani led Adani Ports and Special Economic Zone will buy a 95% stake in Odisha’s Gopalpur Port for an equity value of $161.74 million (around INR 1,349 crore) to bolster its east coast presence. India’s largest private port operator will purchase a 56% stake in […]
Introduction The Unique Document Identification Number (UDIN) is a system introduced by the Institute of Chartered Accountants of India (ICAI) to authenticate documents and ensure their credibility. It aims to enhance transparency, accountability, and quality in professional services, including Internal Audits and Stock Takes. Importance of UDIN in Internal Audits and Stock Takes: Authentication and Traceability: UDIN serves as a […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of February, 2024 issued by MCA, RBI, SEBI, IBBI and others. MCA(Ministry of Corporate affairs) The Ministry of Corporate Affairs (MCA) has notified the Companies (Registration Offices and Fees) Amendment Rules, 2024 The Registrar of the Central Processing Center is empowered to […]
RNM Alert (Indirect Taxes) Nature of Compliances […]
Jayant Nanda VS. Union of India, [2024] 159 taxmann.com 674 (Delhi) Where based on search at premises of assessee, NRI, it was alleged that assessee had indulged in evading disclosure of a large amount of undisclosed foreign assets/income in offshore jurisdictions and LOC was issued against assessee, since assessee had not been called for investigation by authorities for two years, […]
Mukesh Ambani led Reliance Industries and Walt Disney announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world’s most populous nation. Largest Indian conglomerate will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake, with Disney […]
DEFINITION As per note 4 Schedule II to the Companies Act, 2013 -“Useful life specified in Part C of the Schedule is for whole of the asset. Where cost of a part of the asset is significant to total cost of the asset and useful life of that part is different from the useful life of the remaining asset, useful […]
Chartered Accountancy is one of the most prestigious and sought-after professions in India. It offers a lucrative career path with ample opportunities for growth and recognition. However, becoming a successful chartered accountant requires hard work, dedication, and guidance from the best mentors in the industry. That’s why choosing the right CA firm for your articleship training or employment is crucial […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of March, 2024 issued by RBI, CCI and others. RBI Updates Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024 RBI has issued a Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024 which […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of December, 2023 issued by MCA, RBI, SEBI, IBBI and others. MINISTRY OF CORPORATE AFFAIRS SECURITIES LAWS AND CAPITAL MARKET Guidelines for AIFs with Respect to Holding their Investments in Dematerialized Form and Appointment of Custodian. Investment made by an AIF shall […]