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Accounting For Liquidated Damages And Bank Guarantees Under Ind AS
1. Question A wholly owned Government company (hereinafter referred to as”the company”) engaged in construction and operation of thermal power plants has constructed two additional supercritical units of 660 MW each adjacent to its existing units. The construction was awarded to various contractors, including Contractor X Ltd. for the Balance of Plant (BOP) package. X […]
[Analysis] Ind AS 7 Cash Flow Reporting – Errors | Solutions | Best Practices
Ind AS 7 Cash Flow Statement is the Indian Accounting Standard that requires companies to present information on historical changes in cash and cash equivalents through a structured statement of cash flows. It classifies cash movements into operating, investing, and financing activities, enabling stakeholders to assess a company's liquidity, financial health, and ability to generate […]
India–US Advance Pricing Agreement – APA Programme Boosting Trade and Tax Certainty
Sanket Agarwal – [2025] 178 taxmann.com 293 (Article) As tariffs cast a shadow on one of the world’s most dynamic trade partnerships, India’s Advance Pricing Agreement (APA) programme is quietly building trust and certainty in bilateral economic relationship. The trade winds between India and the United States have turned rough with Trump’s decision to impose […]
HC Rules Penalty Under Section 129(3) Requires Goods Evaluation
Case Details: Aaria Enterprises vs. State of Bihar - [2025] 177 taxmann.com 845 (Patna) Judiciary and Counsel Details P. B. Bajanthri & Shailendra Singh, JJ. D.V. Pathy, Sr Adv., Sadashiv Tiwari, Hiresh Karan, Ms Shivani Dewalla, Roshan Jha & Riddhiman Mukherjee, Advs. for the Appellant Facts of the Case The petitioner challenged an order passed under section 129(3) […]
SEBI Issues New Framework for Angel Funds and Co-Investments
Circular No. SEBI/HO/AFD/AFD-POD-1/P/CIR/2025/126., Dated 09.09.2025 1.Introduction The Securities and Exchange Board of India (SEBI), pursuant to the amendments notified on 9th September 2025 to the AIF Regulations, has issued a revised framework for Angel Funds and also permitted Category I and II Alternative Investment Funds (AIFs) to offer co-investment opportunities through separate schemes. These reforms […]
SEBI Eases Compliance Norms for FPIs Investing in Government Securities
Circular No. SEBI/HO/AFD/AFD-PoD-3/P/CIR/2025/127; Dated: 10.09.2025 1.Introduction The Securities and Exchange Board of India (SEBI) has announced an important regulatory relaxation for Foreign Portfolio Investors (FPIs) that invest exclusively in government securities (G-Secs) through the fully accessible route. This move is intended to simplify compliance requirements, reduce procedural hurdles, and encourage greater foreign participation in the […]
RBI Mandates Internet and Mobile Banking Returns Submission in CIMS
Notification No. RBI/2025-26/77 CO.DPSS.ODD.No.S604/06-08-024/2025-2026, Dated 05.09.2025 1. Introduction The Reserve Bank of India (RBI) has issued a notification mandating new reporting requirements for regulated entities. The directive introduces changes to how internet and mobile banking data is reported, aiming to streamline processes and improve accuracy in supervisory reporting. 2. Mandatory Reporting Through CIMS According to […]
SEBI Requires NPOs on Social Stock Exchange to File Annual Reports
Notification F. No. SEBI/LAD-NRO/GN/2025/261, Dated 08.09.2025 1. Introduction The Securities and Exchange Board of India (SEBI) has notified an amendment to Regulation 91C of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2025 (LODR). This amendment seeks to strengthen compliance and transparency requirements for Not for Profit Organizations (NPOs) and Social Enterprises registered or listed […]
Govt Widens Scope Of Fast-Track Mergers Under Section 233
Notification No. G.S.R. 603(E), Dated 04.09.2025 1.Introduction The Ministry of Corporate Affairs (MCA) has notified amendments to Rule 25(1A) of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, significantly broadening the scope of companies eligible for fast-track mergers under Section 233 of the Companies Act, 2013. Previously, the fast-track route was confined only to schemes […]
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