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IRDA

Guidelines on Issuance of (FRN) to Cross Border Reinsur...

Guidelines on Issuance of (FRN) to Cross Border Reinsurers: IRDAI

On 3rd January 2023, the IRDAI notified the Guidelines on Issuance of File Reference Numbers (FRN) to Cross Border Reinsurers. The Guidelines majorly focus...

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SEBI

Framework on Winding down Of Critical Operations and Se...

Framework on Winding down Of Critical Operations and Services of CCs: SEBI

The SEBI has issued a circular on the orderly winding down of critical operations and services of clearing corporations (CCs) on 16th December 2022. The sa...

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Taxation

Tonnage Taxation System: An Overview

Tonnage Taxation System: An Overview

The government of India has introduced the Tonnage tax system, and this scheme is optional for qualifying Indian Shipping Companies after meeting certain e...

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Micro Finance Company

Micro Finance Scheme: NMDFC

Micro Finance Scheme: NMDFC

The National Minorities Development and Finance Corporation has launched its micro finance scheme for minorities for their holistic development. The scheme...

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Finance & Accounting

Set Off and Carry Forward of Losses

Set Off and Carry Forward of Losses

Profit and loss are two sides of a coin. However, incurring losses can be demoralizing for the business, but the Indian Income-tax law does provide taxpaye...

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IFSCA

Identification of Suspicious Transactions under IFSCA A...

The IFSCA has issued guidelines on curbing the activities of Anti-money laundering and Counter-terrorist financing activities wherein the regulated entity...

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Income Tax

Bad Debt’s Write Off Can’t Be Adjusted In Book Prof...

Bad Debt’s Write Off Can’t Be Adjusted In Book Profits

The ITAT Bangalore pronounced a judgement on 19th December 2022 in case titled M/s Mindtree Ltd Vs DCIT in respect of the cross-appeals against the order o...

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Recovery of Shares

Detailed Procedure for Name Deletion/Updation in Shares...

Detailed Procedure for Name Deletion/Updation in Shares

Investing in equity shares of several companies jointly is a lucrative option; however, it can be problematic in cases where the joint shareholders abscond...

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