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  • February 12, 2023

Contempt plea quashed by HC as petitioner failed to wait for DGM’s order and wrongly named MD & CEO as contemnors

Case Details: Salem Textiles Ltd. v. Deputy General Manager, Industrial Financial Corporation of India Ltd - [2023] 146 taxmann.com 521 (Madras) Judiciary and Counsel Details R. Suresh Kumar, J. Akhil Bhansali for the Petitioner. P. Raghunathan for the Respondent. Facts of the Case In the instant case, Hon’ble High Court directed DGM of Industrial Financial Corporation of […]

  • February 12, 2023

Notification No. 03/2023 [F.No.370142/1/2023-TPL] / SO 614(E)

Publish Date : Tuesday, February 7, 2023 source

  • February 11, 2023

Lifting of provisional attachment of bank account ordered by HC as harassment tool

Case Details: Smita and Sons Coal (P.) Ltd. v. State of Gujarat - [2023] 147 taxmann.com 141 (Gujarat) Judiciary and Counsel Details Ms Sonia Gokani & Sandeep N. Bhatt, JJ. Vijay H. Patel for the Petitioner. Siddharth Rami for the Respondent. Facts of the Case The petitioner was engaged in the business of trading in coal. The […]

  • February 11, 2023

Corrigendum to Circular No. 23 of 2022 Dated 03.11.2022 – Explanatory Notes to Finance Act, 2022

Publish Date : Monday, February 6, 2023 source

  • February 10, 2023

RBI increases repo rate by 25 basis points to 6.50%, revises SDF & MSF rate

Press Release: 2022-2023/1680, Dated 08.02.2023 On the basis of an assessment of the current and evolving macroeconomic situation, the RBI’s Monetary Policy Committee at its meeting decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.50 % with an immediate effect. Consequently, the standing deposit facility […]

  • February 9, 2023

MCA extends deadline for PAS 3 and new form filings on V3 portal by 15 days

General Circular No. 03/2023, Dated 07.02.2023 After considering various representations, in continuation of General Circular 1/2023, dated, 09.01.2023, the MCA has decided to allow an additional 15 days to file certain forms without additional fees. Form PAS-03 & 45 other forms, whose due dates for filing falls between 20.01.23 and 06.02.23, can now be filed […]

  • February 8, 2023

Weekly Round-up on Tax and Corporate Laws | 30th January to 04th February 2023

This weekly newsletter analytically summarises the key stories reported at taxmann.com during the previous week from January 30th to February 04th 2023, namely: (a) Highlights of the Finance Bill 2023; (b) Overview of Economic Survey for 2022-23; (c) SEBI unveils two additional methods for Listed Cos. to meet ‘Minimum Public Shareholding’; (d) Time to issue […]

  • February 7, 2023

SEBI tweaks guidelines on withdrawal of rating by CRAs

Circular no. SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2023/19, dated: 03-02-2023 SEBI has amended the operational circular for ‘Credit Rating Agencies’ (CRAs). As per the amended norms, in case of withdrawal of credit rating by CRAs, there is no need to assign a rating and to make a press release where there are no outstanding obligations under the security rated by […]

  • February 6, 2023

[Download PDF] Copy of Finance Bill 2023

Today, Finance Minister Nirmala Sitharaman delivered her fifth Union Budget. Along with the budget documents, the FM has also tabled the Finance Bill 2023 in the Parliament. The Finance Bill, 2023 proposes several changes to tax and corporate laws. Download the copy of the following: Finance Bill, 2023 Budget Speech Memorandum Explaining Finance Bill, 2023 […]

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