Registration of Portfolio Managers to be Decentralized by SEBI from 05.08.2020 Securities and Exchange of Board of India Press Release No. 41/2020 Decentralization of work related to Registration of Portfolio Managers SEBI is granting registration to the applicants fulfilling the compliance of the various provisions of SEBI (Portfolio …

Percentage of cases selected for Income Tax scrutiny has reduced drastically over the years Income Tax Department is changing-from just enforcement to facilitating better taxpayer services. As per data released by the Finance Ministry, number of cases selected for scrutiny has reduced drastically over the years. The average …

Deeming provision of section 68 not apply if no sum is received in terms of any money, i.e., in cash or cheque. credit worthiness not required to be examined in such case In the given case, the Income Tax Department had challenged the judgment of the Hon’ble High …

MCA relaxes dispatch of notice u/s 62(2) of Companies Act, 2013 by listed companies for rights issues opening upto 31st December, 2020 inability to dispatch the relevant notice to shareholders through registered post or speed post or courier would not be viewed as violation of section 62(2) of …

All Faceless e-Assessments are expected to be completed by mid-September 2020 – MoF As per the press release issued today by of Ministry of Finance, the Income Tax Department is hoping to complete all Faceless e-Assessments by mid-September 2020. The scheme of Faceless Assessment was announced by the …

ICAI to open Additional Examination Centres in view of Covid-19 Pandemic. Uttar Pradesh, Bihar and Madhya Pradesh tops the list with maximum centres  ICAI, in view of the COVID-19 pandemic has decided to open Additional Examination Centres subject to sufficient number of candidates offering themselves to appear. The …