Ministry of Corporate Affairs enhances Threshold Limits for Asset and Turnover Values by 150% [Read Notification]
The Ministry of Corporate Affairs ( MCA ), vide notification no. S.O. 1130(E) dated 7th March 2024 has announced the revision of the threshold values pertaining to assets and turnover for combination filings by 150%.
Transparent Financial Reporting and Audit Quality Crucial for Corporate Governance: NFRA Chairperson
National Financial Reporting Authority ( NFRA ) Chairperson, Dr. Ajay Bhushan Prasad Pandey, highlighted the importance of transparent financial reporting and quality auditing in upholding robust corporate governance standards during the International Conference on Transparent
CA Vacancy in PhonePe
The PhonePe invited applications for the post of Associate Manager - Finance & Accounting. Qualifications CA (0-3 Yrs) Big 4 Experience preferred Responsibilities Prepare and book monthly entries ( Payroll, Leases, Accruals or other non-recurring
Income from providing Credit Facilities to nominal members of Co-Operative Society are eligible for exemption u/s 80P(2)(a)(i) Income Tax Act: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) ruled that income from providing credit facilities to nominal members of cooperative society are eligible for exemption under Section 80P(2)(a)(i) Income Tax Act,1961. The assessee Charvaka
[Taxscan 360] Environmental Taxation: Paving the Way to Sustainability
The inception of green taxes can be traced back to the early 20th century when certain nations pioneered tax policies to incentivize the adoption of cleaner and more sustainable technologies. However, it wasn't until the
ICMAI releases Frequently Asked Questions ( FAQs ) on Maintenance of Cost Records and Audits under Companies Act
The Institute of Cost Accountants of India ( ICMAI ) has recently issued a comprehensive set of Frequently Asked Questions ( FAQs ) pertaining to the Maintenance of Cost Records and Audit under the Companies
Byju’s Founder Byju Raveendran attracts ED Lookout Notice for Rs. 9362 Cr FEMA Violation
The Enforcement Directorate has issued a look-out notice against Byju Raveendran, the founder of edtech company Byjus. The action is to avoid leaving the country. The ED has taken action against Byju Raveendran for allegedly
Certifying e-forms without Proper Verification: ICAI Finds CA Not Guilty of Misconduct
The Institute of Chartered Accountants of India ( ICAI ) found the Chartered Accountant ( CA ) is not guilty of certifying e-forms. The Committee noted that the matter is of 2006 and adequate time
MCA-21 Portal Update: MCA releases Change Request Form
On the 19th of February, 2024, the Ministry of Corporate Affairs ( MCA ) issued a circular introducing the utilization of the Change Request Form ( CRF ) on the MCA-21 platform. Stakeholders are hereby
MCA implements Central Processing Centre ( CPC ) for Corporate Filings
The Ministry of Corporate Affairs ( MCA ), with an aim to enhance the Ease of Doing Business with the establishment of the Central Processing Centre ( CPC ). This initiative, in line with the
MCA to Review CCI’s Performance Amid App Developers’ Allegations against Google
The Ministry of Corporate Affairs ( MCA ) is set to conduct a performance review of the Competition Commission of India ( CCI ) due to mounting concerns over the regulator's perceived inaction in addressing
MCA waives additional fees and extends last date for filing of LLP BEN-2 and Form 4D up to May 15, 2024
The Ministry of Corporate Affairs ( MCA ) has relaxed additional fees and extended the last date of filing for Form LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008.
MCA Establishes New CPC at IICA for Processing and Disposal of E-forms w.e.f. February 6, 2024 [Read Notification]
The Ministry of Corporate Affairs (MCA) has recently made a significant announcement regarding the establishment of a new Central Processing Centre (CPC) at the Indian Institute of Corporate Affairs (IICA). This centre is designed to
MCA notifies Companies ( Listing of equity shares in permissible jurisdictions ) Rules: Know Companies Not Eligible for issuing its equity shares for listing [Read Notification]
The Ministry of Corporate Affairs ( MCA ) has notified the Companies ( Listing of equity shares in permissible jurisdictions ) Rules 2024, vide notification no. G.S.R. 61(E) dated 24th January 2024. Applicability The provisions
Top 10 Highest Paid CFOs in 2023 – Responsibilities, Achievements, and Compensation
Chief Financial Officers (CFOs) are pivotal to a company's financial triumph, overseeing strategic and financial operations for long-term growth and stability. Notably, CFOs rank among the highest-paid executives globally. This blog delves into the top