June, 2022 - MMJC

June 28, 2022

The Chamber of Tax Consultants – June,2022

June 2022 issue of CTC covers the following case: In the case of Insider onus is on SEBI to prove insider trading without merely relying on a preponderance of probability – Securities and Exchange Board of India (SEBI/ Appellants) vs. R.T. AGRO PRIVATE LTD AND ORS (Respondents/Promoters), Supreme Court of India, order dated 25 April

June 9, 2022

Another move of the Ministry to curb FEMA Violations at Inception..

Introduction: Ministry of Corporate Affairs (MCA) has amended Companies (Incorporation) Rules, 2014, wherein Form INC-9 i.e. Declaration to be given by Subscribers and First Directors at the time of incorporation and Form INC-32 (SPICe+) to be filed for incorporation has got modified to enforce the amendment made in FEMA (Non-Debt Instruments) Rules, 2019 in April