Taxmann Professionals

‣ Proposal to Increase Lock-In Period on Minimum Promoter Contribution in SME IPOs to 5 Years
‣ Reduction in General Corporate Purpose Limit for SME IPOs to Enhance Transparency and Accountability
‣ Companies Converted from LLPs or Partnerships Must Exist for 2 Full Financial Years before Filing DRHP
‣ Introduction of Profitability Threshold for SME IPO Eligibility
‣ Revised Fundraising Framework for SMEs Exceeding Rs 25 Crore Capital Threshold
‣ Restrictions on Using SME Issue Proceeds for Promoter Loan Repayment
‣ Enhanced Disclosures for SME Companies
‣ Mandatory Disclosure of Merchant Banker Fees
‣ Public Access to Draft Red Herring Prospectus for SME IPOs
‣ Mandatory Due-Diligence Certificate for SME IPOs
‣ Post-Listing Exit Opportunity for Dissenting Shareholders in SME IPOs
‣ Extending RPT Provisions to SME-Listed Entities
‣ Quarterly Disclosure of Board Composition and Meetings for SME Listed Entities
‣ Proposal for Quarterly Reporting of Financial Disclosures by SME-Listed Entities

Download/Read More: https://taxmann.social/kpY5D [17 Mins | Read Time]
Drafted by Taxmann's Advisory & Research Team | Corporate Laws

#TaxmannUpdates #TaxmannAdvisory #IPO #SME #ICDRRegulations #Investors

#TaxmannAnalysis #SEBI

This article analyses the SME framework under SEBI (ICDR) Regulations, 2018, focusing specifically on the implications of corporate governance provisions under SEBI (LODR) Regulations, 2015, for SME companies. It highlights the enhancement of both pre-listing and post-listing regulations for SMEs. The proposed standards seek to foster market transparency, protect investors, and support the sustainable growth of SME businesses. The measures proposed by SEBI to achieve these goals are detailed below:
‣ Increase in Minimum Application Size for SME IPOs to Align with Market Growth
‣ Alignment of Allotment Methodology for Non-Institutional Investors in SME IPOs with Main Board IPOs
‣ Increase in Minimum Number of Allottees for SME Public Issues to Enhance Market Liquidity
‣ Restriction on Offer for Sale in SME IPOs Capped at 20% of the Issue Size
‣ Mandatory Appointment of Monitoring Agency for Issue Size Exceeding Rs 20 Crore

#TransferPricing #Opinion

This article explores how Transfer Pricing (TP) impacts the insurance and reinsurance sectors, particularly in light of changes such as higher FDI limits, the rise of InsureTech, and global tax rules like OECD BEPS.
It discusses how companies manage risks, share costs, and ensure compliance with new regulations such as Ind AS 117 and Pillar Two. It also highlights opportunities in IFSC GIFT City and emphasizes the need for clear policies as the industry adapts to these changes.

Read the Full Article for FREE! https://taxmann.social/ZpY3O [15 Mins | Read Time]
Authored by: Parag Gor – Director | Deloitte Haskins & Sells LLP

#TaxmannUpdates #OECD #InsuranceSector #GIFTCity #IFSC

Revolutionize Your Knowledge in the Ever-evolving world of Accounting & Auditing! https://taxmann.social/IpY9o [2 Mins | Read Time]

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#TaxmannUpdates #AccountingStandard #ICAI #IASB #Amendments

#RBI #Notification

RBI Amends FEM (Foreign Currency Accounts by a Person Resident in India) Regulations to Align it with the Updated Startup Definition

Read the Full Notification: https://taxmann.social/RpYXj

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #ForeignCurrency

#SEBI #Circular

SEBI Issues Guidelines to Strengthen Governance of Stock Exchanges, Clearing Corporations, and Depositories

Read the Full Circular: https://taxmann.social/RpYZV

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #StockExchanges

#SEBI #Update

SEBI Releases a Consultation Paper on the Process for Appointment of Specific KMPs of Market Infrastructure Institutions

Read the Full Document: https://taxmann.social/opYLk

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #KMP

#SEBI #Update

SEBI Proposes a Review of Ownership and Economic Structure of Clearing Corporations Operating in Equity Markets

Read the Full Document: https://taxmann.social/xpYKc

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #ClearingCorporations

#GST #CaseLaw

Blocking ITC Leading to a Negative Balance in ECL Is Not Permissible: HC

Read the (Delhi) High Court Order: https://taxmann.social/ypYJj
Citation: [2024] 168 taxmann.com 249 (Delhi)

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #ITC

#GST #CaseLaw

HC Remanded Matter as Assessee Was Unaware of Order Confirming Demand Due to Accountant's Failure to Inform About Notice

Read the (Madras) High Court Order: https://taxmann.social/lpYGg
Citation: [2024] 167 taxmann.com 417 (Madras)

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #HighCourt

#IncomeTax #CaseLaw

No Additions u/s 69A If NR Provided Docs to Prove Sum Credited to NRO A/C Earned Outside India: ITAT

Read the (Ahmedabad) Tribunal Order: https://taxmann.social/XpYFv
Citation: [2024] 168 taxmann.com 439 (Ahmedabad-Trib.)

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #ITAT

Keeping You Informed Through the Complexities of SEBI | Corporate Insolvency Laws, Since 1994

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#TaxmannUpdates #SEBI #CompanyLaw #IBC #Insolvency #CorporateLaws

#InternationalTax #WorldTaxNews

[New Column] Taxmann’s World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week.

Topics Covered:
• UAE MoF clarifies treatment of unincorporated/foreign partnerships & family foundations
• UAE releases tax guidance on seeking 'Private Clarifications'
• UAE Federal Tax Authority issues guidance on 'Tax Assessment Review' requests
• New Zealand Inland Revenue seeks input on revised 'Tax Residence Interpretation Statement'

Read the Full Column: https://taxmann.social/jpYSQ [4 Mins | Read Time]
Drafted by Taxmann's Editorial Team

#TaxmannUpdates #FTA #UAE #TaxAssessment #ForeignPartnerships

#IncomeTax #CaseLaw

HC Directed AO to Return Seized Docs Retained for Almost 2 Years Without Communicating Reasons to Assessee

Read the (Gujarat) High Court Order: https://taxmann.social/epYDP
Citation: [2024] 168 taxmann.com 143 (Gujarat)

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #HighCourt

#GST #CaseLaw

Tower and Pre-Fabricated Buildings (PFBs) Are “Goods” and Not Immovable Property; Would Qualify as Inputs: SC

Read the Supreme Court Order: https://taxmann.social/TpYAB
Citation: [2024] 168 taxmann.com 489 (SC)

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #Property

#IncomeTax #Opinion

Concessional Tax Rate for New Manufacturing Companies – Eligible from when?

Read the Full Article for FREE! https://taxmann.social/dpYOh [5 Mins | Read Time]
Authored By: Subham Kumar & Motilal Parakh | CA

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #ManufacturingCompanies

#IncomeTax #Opinion

Alternate Dispute Resolution And Income-Tax – Need For a Recalibration in Approach

Read the Full Article for FREE! https://taxmann.social/SpYIk [11 Mins | Read Time]
Authored By: Sanjeeva Narayan – CA

𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB

#TaxmannUpdates #IncomeTaxAct

Authored by Taxmann's Editorial Board

The 'Comprehensive & Structured' Textbook on 'Bharatiya Sakshya Adhiniyam (BSA) 2023'—with Cross-references to the Indian Evidence Act, 1872 (IEA), Featuring:
✅ Section Analysis
✅ Tabular Comparisons
✅ Thematic Keys
✅ Modernised Digital Evidence Provisions
✅ Burden of Proof and Presumptions

Look inside the book here: https://taxmann.social/5pmLQ

Like It? Buy Now with Free Expedited Shipping & Get a Limited Period Discount! https://taxmann.social/YpWzO

#TaxmannBooks #TaxmannUpdates #CriminalLaws #BharatiyaSakshyaAdhiniyam #BSA #Legal

#IncomeTax #TaxIncentives #Opinion

As India strives to become a global leader in research and development (R&D), tax policies play a crucial role in driving private sector participation and innovation. Learn how a forward-looking tax policy can position India as a hub for technological advancement and industrial growth, aligned with the vision of Viksit Bharat by 2047. Key highlights include:
‣ Encouraging Private Sector Participation
‣ Streamlining Section 35 Provisions
‣ Enhancing the Patent Box Regime
‣ Expanding Intellectual Property Coverage
‣ Focusing on Sunrise Sectors
‣ Supporting ‘Make in India’ Initiatives
‣ Long-term Vision for Growth

Read the Full Article for FREE! https://taxmann.social/CpYY7 [4 Mins | Read Time]
Authored by: Sunil Shah – Partner & Rakhi Modi – Associate Director | Deloitte Haskins & Sells LLP

#TaxmannUpdates #ViksitBharat #IncomeTaxAct #MakeinIndia #Technology