1. Share Premium allowed as The shares are allotted merely on account of conversion of outstanding loans received in earlier years. Pr. Commissioner Of Income Tax (Central) -1 Chandigarh Vs. M/S. I.A. Hydro Energy (P) Limited, 31/05/2024 (Himachal Pradesh High Court)(Favour of Assessee)
2. CBIC has issued a Circular No. 224/18/2024 -GST dated July 11, 2024 regarding Guidelines for recovery of outstanding dues, in cases wherein first appeal has been disposed of, till Appellate Tribunal comes into operation.
3. MCA Update: Now Directors can update their Mobile Number & Email IDs in DIN at any time by filing Form DIR-3-KYC by paying *Rs.500/-*.
4. RBI has issued the Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs), including Housing Finance Companies, for the financial year 2024-25. These directions, superseding previous guidelines from 2016, are aimed at enhancing fraud prevention, early detection, and timely reporting mechanisms within NBFCs.
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BY CA RAJ CHAWLA
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