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Petitions pile up as GST notices come after 3 years of returns filing

CFO News

Many businesses, who were served with goods and services tax (GST) notices in December 2023 and January of this year following the extension of the notice issuance deadline, have taken their grievances to various high courts, contesting the legal legitimacy of the notices.

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Petitions pile up as GST notices come after 3 years of returns filing

CFO News

Many businesses, who were served with goods and services tax (GST) notices in December 2023 and January of this year following the extension of the notice issuance deadline, have taken their grievances to various high courts, contesting the legal legitimacy of the notices.

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Investors flag Byju’s failure to recover Rs 1,400 crore from reseller

CFO News

In an Extraordinary General Meeting (EGM) notice, a copy of which ET has reviewed, the investors said the company's value has eroded due to the management's neglect in enforcing its legal rights. crores recorded in FY22.

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Some insurers gave fake bills when quizzed on ITC: Probe

CFO News

HDFC Life and ICICI Prudential Life Insurance previously told exchanges that they received GST demand notices of ₹942.18 They plan to take legal action. crore and ₹492.06 crore, respectively. HDFC Life has deposited ₹50 crore, and ICICI Prudential Life Insurance deposited ₹190 crore during the inquiry without accepting liability.

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Sebi issues notices to PTC India financial arm

CFO News

PTC India and its financial services unit, PTC India Financial Services (PFS), have been given 21 days by India's market regulator, the Securities and Exchange Board of India, to respond to legal notices issued to them regarding alleged corporate governance lapses.

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Ministry of Corporate Affairs issues show cause notices to PTC India Financial Services

CFO News

In the notices sent last week, seen by ET, the deputy registrar of companies (National Capital Territory of Delhi & Haryana) has also flagged that PFS, the non-banking financial arm of power trading company PTC India, didn't render the professional help of legal counsel sought by its erstwhile independent directors.

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US Treasury Tells Banks To Treat Hemp Businesses Like Any Other

PYMNTS

It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said. Hemp, a strain of cannabis with lower concentrations of THC, the substance that makes users high, was legalized in 2018.

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