Latest Post and Updates

A Director Identification Number (DIN) is a unique identification number assigned to a person who wishes to become or is already a corporation director. In this digital age, completing eForm DIR-3 was sufficient to receive DIN. This was a one-time process for anyone interested in becoming a director in one…

In India, does crypto currency have to be taxed? Do you want to know how the Indian Income Tax Department (ITD) feels about Bitcoin and other cryptocurrencies? Currently, there is no regulation of cryptocurrencies or non-fungible tokens (NFTs) in India. In this article, we will talk about the New Cryptocurrency…

Reserve Bank of India (RBI) has announced guidelines for digital loans. The central bank has given regulated entities (REs) until November 30 to put in place adequate systems and processes to ensure that "existing digital loans" comply with the new lending guidelines. The new guidelines apply to both "existing customers”…

To allow a registered taxpayer to transfer any amount of tax, interest, penalties, etc. that is accessible in the electronic cash ledger to the proper tax or cess head under IGST, CGST, and SGST in the electronic cash ledger, the CBIC has developed Form PMT-09 (i.e., a challan). As a…

Bitcoin mining is an important aspect of the cryptocurrency's underlying technology since it is how transactions are confirmed and added to the blockchain, a digital record. As a return for their efforts, the owners and operators of the computer systems that comprise the decentralized Bitcoin network, known as miners, earn…

The Securities Exchange Board of India recently issued the SEBI Settlement Scheme 2022 in a public notification dated August 19, 2022. SEBI's Settlement Scheme 2022 begins on August 22, 2022, and runs through November 21, 2022. The current article provides an outline of the SEBI Settlement Scheme, 2022. Table of…

Regulation 32 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (SEBI LODR, Regulations, 2015) requires every Listed Entity to submit a Statement of Deviation or Variation in the use of proceeds raised from a public offering, rights offering, preferential offering, or Qualified Institutions Placement, as opposed to what…

In India, one must register with SEBI as a Registered Investment Adviser (RIA) to provide investment advice. Once registered, they must behave in a fiduciary manner toward their clients. Before 2013, there were no definitive rules governing investment advisers, therefore anyone could declare themselves to be one. In the interest…

If the company needs additional capital and keeps the voting rights of existing shareholders proportionally balanced, the company will issue Rights shares. The issue is called as it gives the existing shareholders a preferential right to buy new shares at a price that is lower than the market price. A…

The Ministry of Finance (MoF), the Government of India, and the Reserve Bank of India (RBI) have notified the Foreign Exchange Management Overseas Investment (OI) Rules/ Regulations/ Directions 2022 as part of the Ease of Doing Business initiative. The Indian Government (GOI) has framed/ consolidated the Outward Investments Rules/ Regulations…