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Income Tax refunds of Rs 1.62 trillion issued so far this fiscal

The Central Board of Direct Taxes (CBDT) has issued Rs 1.62 lakh crore income tax refunds to over 1.79 crore taxpayers till January 24, 2022 of the current financial year,…

RBI asks people to follow safe digital banking practices amid rising cyber frauds

SynopsisObserving that unscrupulous elements are defrauding people by using innovative modus operandi, including social media techniques and mobile phone calls, the RBI urged the members of public to take all…

Sebi introduces framework for Special situation funds

Capital markets regulator Securities and Exchange Board of India (Sebi) has introduced a framework for Special Situation Funds (SSFs) that will invest only in stressed assets under Category I Alternative…

What start-ups need to know about grants

Securing the right grant that sparks innovation in venture building can help start-ups make the leap forward A phrase used the most to motivate entrepreneurs, generally attributed to Peter Drucker,…

Judgement on ambiguity to distribute cash profit to the stakeholders

Subject Insolvency and Bankruptcy Code, 2016 Case Sri Supriyo Kumar Chaudhuri (Liquidator of JVL Agro Indstries Ltd) vs. State Bank of India, SARG & Others Corporate Debtor JVL Agro Indstries…

Communique Newsletter – Volume 2

25.1.2022 Volume – 2 Newsletter : https://drive.google.com/file/d/1V_GNN6c5SkTAV9iJnLtkAE5QRhJXi8wU/view?usp=sharing

Sebi gives itself powers to grant exemptions to FPIs

Synopsis The Securities and Exchange Board of India (Sebi) can now use special powers to relax compliance requirements for foreign funds. The capital markets regulator’s board has been empowered to…

Income tax deductions and benefits that the salaried expect from Budget 2022

Tax-free work from home allowances, Standard deduction hike are among some of the expectations o the salaried class from Nirmala Sitharaman’s Union Budget 2022 Budget 2022 is round the corner.…

RBI conducts variable repo rate auction of ₹75,000 crore

RBI has been continuously doing VRRR auctions to remove this excess liquidity from the banking system The central bank received bids worth ₹1.37 lakh crore compared to the notified amount…

IBC Journey in 2021: Hits and Misses

Many improvements, but still some way to go Thought passed by the Parliament in May 2016, the Insolvency and Bankruptcy Act (IBC), picked up momentum only when RBI recommended 12…