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Ashish M. Shaji

Ashish M. Shaji has done his graduation in law (BA. LLB) from CCS University. He has keen interests in doing extensive research and writing on legal subjects especially on corporate law. He is a creative thinker and has a great interest in exploring legal subjects.

Jan 21 2022

A Taxpayer has a vested right to personal hearing: Delhi HC

The Delhi High Court, in the case of Bharat Aluminium Company Limited v Union of India and Ors, ruled that an assessee must be given a reasonable opportunity of personal...

Jan 18 2022

Income Tax Refunds for AY 2021-22: 1.5 Crore Refunds Issued

The Central Board of Direct Taxes announced that it has processed refunds of more than Rs. 1.54 crores to more than 1.5 crore taxpayers from 1st April, 2021 to 10...

Jan 13 2022

Essential Directions on Recovery of Shares in India

The Securities and Exchange Board of India issued simplified and standardised guidelines for investor service requests including the establishment of a framework for providing PAN, KYC details, details of bank,...

Jan 12 2022

CBDT extends ITR filing deadline for FY 2020-21

The Central Board of Direct Taxes extended the deadline for ITR filing (FY 2020-21) for certain category of taxpayers. The income tax department made this announcement through a press release...

Jan 11 2022

NRIs & OCIs don’t need RBI approval to buy/sell Immovable Property in India: RBI

The Reserve Bank recently clarified that NRIs (Non-Resident Indians) and OCIs (Overseas Citizens of India) don’t require prior RBI approval to buy or sell immoveable properties in India. The RBI...

Jan 07 2022

Understand Investor Education and Protection Fund in Detail

IEPF stands for Investor Education and Protection Fund. It was formed under Section 205C of the Companies Act 1956. This is used to promote investor awareness as well as protects...

Jan 06 2022

Measures introduced to boost Fintech Ecosystem in India

The Government has introduced various measures to increase the investment inflow in the fintech sector. Recently the Ministry of Commerce and Industry issued a statement specifying the measures that have...

Jan 06 2022

Cancellation of FCRA License- Brief Overview

Recently the Ministry of Home Affairs has been in news for cancelling the FCRA Registration of various Non-governmental organizations. FCRA stands for Foreign Contribution (Regulation) Act. Foreign funding of persons...

Jan 03 2022

Crucial Financial Changes to kick in from 1 Jan 2022

As we edge closer to the end of 2021, there are a few notable changes that is set to kick in from 1st Jan 2022. This includes changes in banking...

Dec 30 2021

IT Dept. gives One-time Relaxation for the verification of e-filed ITRs

The Central Board of Direct Taxes has decided to provide one-time relaxation for the verification of e-filed ITRs for Assessment Year 2020-21 that are pending for verification owing to non-submission...

Dec 30 2021

Key highlights of the RBI’s Annual Trends and Progress Report

In its Trends and Progress Report, the RBI observed that the scheduled commercial banks have witnessed an improvement in asset quality, capital buffers and profitability. However the RBI cautioned that...

Dec 22 2021

No Immediate Impact on NBFCs: CARE on RBI’s PCA Framework

One of the rating agencies, Care edge ratings, stated that there would be no NBFCs within its rated universe that would be impacted by the RBI’s new Prompt Corrective Action...

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