The CBIC has clarified how GST proceedings continue when businesses relocate their principal place of business. Actions taken by the original tax authority remain valid even after a taxpayer shifts jurisdiction. The new jurisdictional officer will now handle all pending…
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The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of the Foreign Exchange Management Act (FEMA), in the case of Touras India Private Limited, which has resulted in the termination of proceedings against the company…
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Based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the IRFC Board approved the appointment of Ranjay Choudhary as Additional Director, designated as Director (Finance), for a five-year term. His appointment follows an order issued…
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ICICI Prudential Life Insurance aims for 10-15% premium growth, with protection products like term and annuity plans leading the charge. CFO Dhiren Salian highlighted that protection, currently 17% of premiums, is a key focus due to its underpenetration and higher…
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The proposed merger of Power Finance Corporation and REC will create India’s largest power sector financing institution with a combined loan book exceeding Rs 11 lakh crore. Here’s a look at the approved share swap ratio, merger rationale, pending approvals,…
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The notification will conclude one of the most significant regulatory exercises in India’s audit landscape in recent years, aimed at strengthening audit quality and updating the country’s auditing framework in line with evolving international standards.
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