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October, 2022 - MMJC
October 12, 2022
The Chamber of Tax Consultants – September, 2022
Following cases are covered in this edition of CTC: In the matter of Solar Industries India Ltd. (Appellant Co./Company) vs. Kailash Chandra Nuwal and Ors. (Respondent) – NCLAT has clarified that requirement of section 184(1) w.r.t. disclosure of interest by director shall be held to be substantially complied with, if the director has given written
October 12, 2022
MMJC Insights dated 12 Oct, 2022
This issue of MMJC insights covers the following: Affixation of Digital Signature Certificate – Exchange clarifies on the applicability Independent Directors would be assumed to be aware of misconduct by the company if its attributable through public news about the misconduct by the company – Order of Adjudicating Officer of Securities and Exchange Board of
October 3, 2022
Uniformity for delayed reporting – Imposition of Late Submission Fee (LSF) under the Foreign Exchange Management Act, 1999 (FEMA)
The Reserve Bank of India (RBI) vide A.P. (DIR Series) Circular No. 16 dated September 30, 2022 has revised the matrix for calculation of late submission fee (LSF) for reporting delays under FEMA with immediate effect. Earlier regime The concept of LSF was introduced for delayed reporting under various functions as below: Sr. No. Provision/Function