GIFT City Updates – January 2025

IFSCA issues a consultation Paper on SPV Framework under IFSCA (Fund Management) Regulations, 2022 International Financial Services Centres Authority (“IFSCA”) has issued a consultation paper with respect to Special Purpose Vehicle (“SPV”) under IFSCA (Fund Management) Regulations, 2022 (“FME Regulations”). The consultation paper proposes the operationalisation of SPV under the controlling scheme in order to facilitate the growth of funds […]

Corporate Finance Updates – January 2025

Blackstone Inks MOUs To Invest $11 Bn In Maharashtra Over 3-5 Years Blackstone has signed three memoranda of understanding with the Maharashtra government at the World Economic Forum in Davos, committing an investment of approximately $11 billion (around INR 95,247 crores) over the next three to five years to develop infrastructure assets in the state. The agreements, made with Maharashtra […]

GST Calendar –Compliances for the month of January ’2025

GST Calendar –Compliances for the month of January ’2025 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’)  February 10, 2025 GSTR-8 (Tax Collected at Source ‘TCS’)  February 10, 2025 GSTR-1  February 11, 2025 IFF- Invoice furnishing facility (Availing QRMP) February 13, 2025 GSTR-6 Input Service Distributor February 13, 2025 GSTR-2B (Auto Generated Statement) February 14, 2025 GSTR-3B  […]

RNM Tax Alert – Direct Tax Part for January 2025

Clarification Regarding Orders under Section 201 Of The Income-Tax Act, 1961 Under E-Appeal Scheme, 2023 The CBDT vide Order F. NO. 225/17/2025-ITA-II, dated 28-1-2025 clarified that Orders passed u/s 201 in pursuance of action u/s 133A are appealable before CIT(A) under e-Appeal Scheme, 2023. NOTIFICATION G.S.R. 67(E) [NO. 9/2025/F.NO.370142/18/2024-TPL], DATED 21-1-2025 The CBDT vide insertion of new Rule 6GB – prescribes […]

Economic Outlook for 2025: Key Trends to Watch

As we enter 2025, the UK economy is navigating through a complex landscape, marked by ongoing inflationary pressures, slowing growth, and heightened global uncertainties. The latter part of 2024 revealed significant economic challenges, but there are reasons for cautious optimism as we look ahead. Economic policies, particularly increased government spending, could spur some growth, but several key factors will determine […]

Gity City Updates – December 2024

IFSCA proposes amendments to FME regulations, aimed at improving enhancing ease of doing business GIFT City, India’s first International Financial Services Centre (IFSC), modelled as a global financial and IT hub and spread over ~886 acres provides a seamless integration of cutting edge infrastructure with modern urban planning. It was established with an aim to position India as a competitive […]

Transaction & Regulatory Advisory Services Alert – December 2024

In this edition we have tried to bring you notice the latest amendment that followed in the month of December, 2024 issued by SEBI.  SEBI Allowing subscription to the issue of  Non-Convertible Securities during trading window closure period 1.In terms of Clause 4(3)(b) of Schedule B read with sub-regulation (1) of Regulation 9 of SEBI  (Prohibition of  Insider  Trading)  Regulations,  […]

Corporate Finance Update – December 2024

Jubilant Bhartia Group To Buy 40% Stake In Coca-Cola’s Indian Bottler Jubilant Bhartia Group has announced its acquisition of a 40% stake in Hindustan Coca-Cola Holdings Pvt Ltd, the parent company of Coca-Cola’s largest bottler in India. The move marks the group’s entry into India’s high-growth beverage sector. The financial terms of the deal have not been disclosed, although media […]

Indirect Tax and GST Updates December 2024

GST Calendar –Compliances for December ’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’)  January 10,2025 GSTR-8 (Tax Collected at Source ‘TCS’)  January 10,2025 GSTR-1  January 11,2025 IFF- Invoice furnishing facility (Availing QRMP) January 13,2025 GSTR-6 Input Service Distributor January 13,2025 GSTR-2B (Auto Generated Statement) January 14,2025 GSTR-3B  January 20,2025 GSTR-5 (Non-Resident Taxable Person) January 20,2025 GSTR-5A […]