Guidelines on Treatment of Dividend Equalisation Fund (DEF)- Primary UCBs
According to guidelines, dividends can only be paid from current year’s net profit after making all statutory & other provisions & fully adjusting for accumulated losses
Master Direction on Treatment of Wilful Defaulters and Large Defaulters
RBI (Treatment of Wilful Defaulters and Large Defaulters) Directions, 2024 serves as a comprehensive guideline delineating the regulatory framework and procedures for classification of borrowers as wilful defaulters
Exclusion of Aadhar Card from list of Acceptable Documents for Proof of DoB
ESIC had received directives from UIDAI that Aadhaar shall no longer be accepted as proof of DoB for Insured Persons and their dependents.
Amendment to Maharashtra Stamp Act & Professional Tax Act
Amendment of Maharashtra State Tax on Professions, Trades, Callings and Employment Acts on 31 Jul 24: Substitution of clause(h) of Section 27A
Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks
According to Accounting Standard (AS) 5, all expenses recognized in a period must be included in determining net profit / loss for that period
Establishment of GSTAT & its 36 State Benches
Central Govt. on recommendation of GST Council establishes Goods and Services Tax Appellate Tribunal (GSTAT), with effect from 1st Sep 2023
Advisory in respect of Changes in GSTR 8
Form GSTR-8 provides details of supplies effected through e-commerce operators and the amount of tax collected at source by them.
SEBI launches chatbot “SEVA” for investors
SEBI has launched SEBI’s Virtual Assistant (SEVA) – an Artificial Intelligence (AI) based conversation platform for investors.
Submission of e-verification reports & appointment of nodal officer
All companies & banks are required to appoint Nodal Officer through IEPF-2 and submit e-verification reports online through MCA Ver. 3 portal.
Maharashtra Shops and Establishments (Amendment) Rules, 2024
Maharashtra Shops & Establishments (Regulation of Employment & Conditions of Service) (Amendment) Rules, 2024 have been notified on 22 Jul’24