TaxLiner | Summarizing Laws

2021-06-20 13:38:07 @HubofCA ओपन / कमेंट

2021-06-20 13:02:08 One-Liner Latest Business News:

• Four of top-10 firms add Rs 68,458.72 crore in m-cap; HUL, Infosys biggest gainers

• Petrol crosses Rs 97/litre in Delhi, diesel nears Rs 88

• Govt doubts tainted money led to rise in funds by Indians in Swiss bank

• Gautam Adani not Asia's 2nd richest any more

• Yahoo Mobile announces to shut down after 1 year of launch

• Decks cleared for takeover of crisis-ridden PMC Bank

• Mystery behind slump in Adani Group shares

• Hyundai drives in SUV Alcazar at Rs16.3 lakh

Join @HubofCA for #BizNews ओपन / कमेंट

2021-06-20 05:30:05 One-Liner IBC Updates/News:

• Foreseeing the Suitability of Bad Banks in India Against Soaring NPA Levels

• Statutory dues owed to Govt. if not part of resolution plan, shall stand extinguished: HC

• A Study of Resolution of NBFC under the IBC

• An Informed & Well Guided Committee Of Creditors: Need Of The Hour

• Personal Guarantors & Individual Insolvency: Critical Analysis of Simultaneous Proceedings under the Insolvency & Bankruptcy Code, 2016

• IBBI invites comments from public on Regulations notified under the Insolvency and Bankruptcy Code, 2016

• CIRP plea dismissed as default on part of corporate debtor couldn’t be established in terms of builder agreement

Join: @HubofCA for fitfully #IBCNews ओपन / कमेंट

2021-06-19 16:30:05 #Banking News & Updates By @HubofCA:

• BharatPe CEO assures PMC Bank depositors as Centrum-BharatPe get in-principle approval from RBI

• It’s a bank, PMC will be part of, it’s not takeover, says Centrum's Jaspal Bindra

• Fake Covid tests for Kumbh: Max Corporate moves HC against FIR

• RBI allows Centrum to set up small finance bank, paves way for takeover of fraud hit PMC Bank

• IDBI Bank invites bids to divest stake in Asset Reconstruction Company

• RBI grants in-principle approval to Centrum to own PMC Bank via SFB route

• YES Bank removes fraud tag on Avantha Holdings after forensic audit

• CCI clears proposed deal to acquire stake in Magma HDI General Insurance by 2 entities

• UK's Apis Partners and others invest $45 million in RenewBuy ओपन / कमेंट

2021-06-19 07:54:59 Cobra Economics: Umm... What?

https://readon.substack.com/p/cobra-economics-umm-what ओपन / कमेंट

2021-06-18 17:29:01 Imagine the level of hype ओपन / कमेंट

2021-06-18 15:33:34 Moneycontrol Market Reports
Taking Stock: Market recovers from day#39;s low to close flat; metal, power, financial stocks take a hit

@HubofCA ओपन / कमेंट

2021-06-18 14:30:03 Flash of #Startup News By @HubofCA:

• Paytm aims to raise $1.6 billion with fresh shares in IPO

• Grofers cofounder Saurabh Kumar exits amid funding talks with Zomato

• ShareChat parent to buy back ESOPs worth $19 million

• Tata Digital to add neobank to its 'super app' arsenal

• HNIs to invest $30 billion in Indian tech startups by 2025: Report

• Eka.Care integrates CoWIN app for booking Covid-19 vaccinations

• Agritech startup Gramophone more than doubles its revenue in a pandemic year

• Cars24 earmarks $100 million to fuel its overseas expansion plans

• China probes Didi Chuxing for antitrust violations ahead of US IPO ओपन / कमेंट

2021-06-18 11:30:13 Tri-Weekly Summarized #Statutory News By Team, Join @HubofCA for Regular Updates:

• Banks were required to upload the data in respect of the number of applications received and the total amount remitted under the Liberalised Remittance Scheme (the Scheme) on Online Return Filing System (ORFS). The RBI has decided to collect information through XBRL system instead of the ORFS. Accordingly, AD Category – I banks shall upload the requisite information on XBRL system on or before the fifth of the succeeding month from July 01, 2021 onwards.

• The Directorate General of Foreign Trade Policy has issued revised checklist for submission of anti-dumping duty and countervailing duty applications to DGTR for initiation of investigations.

• The Ministry of Finance has said that the figures of Direct Tax collections for the Financial Year 2021-22, as on 15.06.2021 have shown that net collections are Rs.1,85,871 crore as compared to Rs. 92,762 crore over the corresponding period of the preceding year. It represents an increase of 100.4% over the collections of the preceding year.

• The SEBI has issued norms for settlement of running account of client’s funds' lying with Trading Member. The settlement of running account of funds of the client shall be done by the TM after considering the End of the day (EOD) obligation of funds as on the date of settlement across all the Exchanges, at least once within a gap of 30 / 90 days between two settlements of running account as per the preference of the client.

• The SEBI has decided to include the listed debt securities of equity listed companies under the purview of the System Driven Disclosures for the entities. In this regard, the Depositories and Stock Exchanges shall make necessary arrangements such that the disclosures pertaining to listed Debt Securities along with equity shares and equity derivative instruments are disseminated on the websites of respective stock exchanges with effect from July 01, 2021 ओपन / कमेंट

2021-06-18 10:32:00 Message from Neeraj Arora Sir:

If you know any student who is willing to do CA or is already pursuing CA have either lost both of their parents or the earning parent due to COVID - 19 and need financial assistance for pursuing CA, I will bear his/her registration fee to be paid to ICAI and CA Foundation and CA Inter Classes (Subjects being taught by me or my team) will be free for him/her. The number of Students I am planning to support in phase 1 is 5. Please let me know. Just make sure that help is reaching the people who actually need it.

Catch with him on social sites like linkedIn. ओपन / कमेंट