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Newsletter

Stay informed and up-to-date with the latest news and insights related to compliance

ricago newsletter Edition - 2023

Corporate Laws

MASTER CIRCULAR FOR SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011

The Securities and Exchange Board of India has issued Master Circular for Takeover Regulations dated 16th February 2023 which has been prepared to enable the stakeholders to have access to the provision of the applicable circulars at one place. (Corporate Laws) on March 01, 2023

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Corporate Laws

SECURITIES AND EXCHANGE BOARD OF INDIA (BUY-BACK OF SECURITIES) (AMENDMENT) REGULATIONS, 2023

The Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2023 shall come into force on the thirtieth day from the date of their publication, i.e., 7th February 2023, in the Official Gazette. (Corporate Laws) on March 01, 2023

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Corporate Laws

ADVISORY FOR SEBI REGULATED ENTITIES (RES) REGARDING CYBERSECURITY BEST PRACTICES

Financial Computer Security Incident Response Team (CSIRT-Fin) has provided important recommendations in its report sent to SEBI. The applicable recommendations, in the form of an advisory, are enclosed at Annexure-A of this circular. (Corporate Laws) on March 01, 2023

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Corporate Laws

REVISED CODE OF ADVERTISEMENT FOR STOCK BROKERS

Advertisement shall include all forms of communication issued by or on behalf of or in relation to the Stockbroker in publicly available media that may influence investment/trading decisions of any investor/prospective investors (Corporate Laws) on March 01, 2023

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Tax Laws

CENTRALISED PROCESSING OF EQUALISATION LEVY STATEMENT SCHEME, 2023

The Central Board of Direct Taxes makes the Centralised Processing of Equalisation Levy Statement Scheme, 2023 for processing of statement furnished under Section 167 of the Finance Act, 2016. (Tax Laws) on March 01, 2023

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General Laws

MUNICIPAL CORPORATION, SOLAN OUTDOOR ADVERTISEMENT BYE-LAWS 2022

The bye-laws are made by Municipal Corporation of Solan under the provisions of the Himachal Pradesh Municipal Corporation Act 1994. These bye-laws are called Municipal Corporation, Solan Outdoor Advertisement Bye-laws 2022. (General Laws) on March 01, 2023

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Judicial Insight

RESOLUTION PROFESSIONAL CANNOT DEAL WITH ASSETS OF SUBSIDIARY COMPANY DURING THE CIRP OF PARENT-HOLDING COMPANY

On 19.03.2010 Greater Noida Industrial Development Authority (“GNIDA”) allotted Group Housing Plot No.GH-04 situated in Sector 01, Greater NOIDA (“Land”) to a Consortium consisting of – (i) M/s Earth Infrastructures Limited (“Corporate Debtor”); (ii) Raus Infras Ltd. (iii) M/s. Shalini Holdings Limited. (Judicial Insight) on March 01, 2023

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Judicial Insight

RIGHT TO CARRY TRADE AND COMMERCE CANNOT BE DENIED UNDER THE PROVISIONS OF GST ACT

The petitioner is a proprietary firm engaged in the business of fabrication work whereas he failed to file GST return from August 2021. The State Tax Officer, Aurangabad issued a showcause notice dated 28-02-2022 calling upon the petitioner to furnish his explanation within a period of 7 working days. (Judicial Insight) on March 01, 2023

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