Finance

ICAI releases ‘Technical Guide on Reports of Audit u/s 12A/10(23C) of the Income-tax Act, 1961.’

IBBI releases a discussion paper for streamlining the Voluntary Liquidation Process.

Discussion Paper, dated 5-10-2023.

RBI adds 30 banks to UDGAM making 90% unclaimed deposits in ‘Depositor Education & Awareness Fund’ accessible.

Press Release 2023-2024/1048, dated 5-10-2023.

Sec. 17 of SARFAESI Act – SC cannot ignore or supplant any express statutory provisions while exercising its powers of wide amplitude under Article 142 of Constitution of India.

Union Bank of India v. Rajat Infrastructure (P.) Ltd. – [2023] 155 taxmann.com 78 (SC).

RBI holds Repo Rate at 6.5%, and makes no change in FY 24 inflation forecast.

National Investment and Infrastructure Fund (NIIF) launches $600 million India – Japan Fund (IJF) with Govt. of India and Japan Bank of International Cooperation (JBIC) as anchor investors.