Daily Newsletter - February 19, 2024

Go to Newsletter Archives

Latest additions to CAalley:

News Update:

Indian News

Acts & Regulations:

IBBI Regulations

Useful Forms:

MCA eForms

CA's Referencer:

ICAI Reference Material

Legal Updates:

Income Tax

News Update:

Indian News:

Arrest of Chanda Kochhar, her husband Deepak in loan fraud case amounted to abuse of power by CBI: Bombay HC

You've money to buy Go First but not to pay Credit Suisse: SC to Ajay Singh

CBDT sets Rs 1 lakh limit for withdrawal of pending tax demands till AY16

Income Tax Order regarding outstanding direct tax demands

Banks cede microfinance ground to NBFCs

Banks to conduct performance review of advocates to fast-track DRT cases

NFRA's first annual inspection of key audit firms to start by April

Acts & Regulations:

IBBI Regulations:

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 (Amended upto 31-01-2024)

IBBI (Voluntary Liquidation Process) Regulations, 2017 (Amended upto 31-01-24)

IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (Amended upto 31-01-2024)

IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 (Amended upto 31-01-2024)

Useful Forms:

MCA eForms:

The following MCA eForms have been updated:

Form CRA-2
Form of intimation of appointment of cost auditor by the company to Central Government.

Form MSME
Form for furnishing half yearly return with the registrar in respect of outstanding payments to Micro or Small Enterprise.

Form MGT-15
Form for filing Report on Annual General Meeting

CA's Referencer:

ICAI Reference Material:

Commonly Found Errors in Reporting Practices
[January 2024]

Legal Updates:

Income Tax:

Income Tax Order regarding outstanding direct tax demands