Happy Ganesh Chaturthi

[Raj Chawla]

Respected Members:

We wish you and your family a very happy Ganesh Chaturthi. May Lord Ganesha Bless all of us with Happiness, Peace of Mind and Satisfaction of Life. Ganapati Bappa Morya. 

Quotes of the Day:

1. Deep Relationships are Not Built by Forcing Others to Understand you, But by Giving Them the Confidence that you have understood them.
   
2. Laughing faces do not mean that there is absence of sorrow. It means that they have the ability to deal with it. 
   

 

NICAI Updates:

1. ITAT can direct AO for fresh enquiry into aspects of subject matter of appeal. Case M/s. Fidelity Business Services India Pvt. Ltd. Vs ACIT (Karnataka High Court)
   
2. MCA time limit for filing the BEN‐2 form would be 30 days from the date of deployment of BEN‐2 e‐form on the MCA‐21 portal without any additional fee. 
   
3. SEBI has directed the NSE to keep four senior officials, served show-cause notices (SCN) in the co-location case, out of action. Sources said these four key managerial personnel (KMP) will have to remain out of the bourse’s “sensitive” and “confidential” matters until the probe is complete.
   
4. Supreme Court has stayed the Reserve Bank of India's circular, preventing initiation of Insolvency proceedings against their stressed power assets to private power, textiles companies and shipowners etc. 
   
5. RBI is becoming consistent in adding gold to its foreign currency reserves. In July the central bank added 6.8 tonnes, the highest monthly accretion after 2009. This came at a time when the central bank spent more than $25 billion defending the falling rupee.
   
6. Special courts under the NCLT are likely to be set up by November to deal with an increasing number insolvency cases. The Ministry of Corporate Affairs is working on this proposal.
   

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With best regards,

CMA Rajni Chawla

M.COM, FCMA

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