Month: September 2025
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RBI Update – Withdrawal of Obsolete Circulars on Cheque Collection and Customer Service
Introduction On April 8, 2025, the Reserve Bank of India (RBI) issued Notification No. RBI/2025-26/21, titled “Review of Regulatory Guidelines – Withdrawal of Circulars,” as part of its ongoing efforts…
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How Empty Gyms Are Used to Route Black Money: A Look at an Unusual Laundering Tactic
Black money—the unaccounted cash that circulates outside the legal and tax framework—has always found creative ways to slip through regulatory cracks. From benami property deals to over-invoicing imports, money launderers…
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RBI Cancels License of Colour Merchants Co-operative Bank Ltd
Introduction In a decisive regulatory move, the Reserve Bank of India (RBI) has cancelled the license of Colour Merchants Co-operative Bank Ltd., Ahmedabad, Gujarat with effect from the close of…
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Gensol Engineering Fraud: ₹978 Crore Electric Vehicle Scam!
We’re here to crack open one of the biggest corporate finance scandals of 2025 — where public funds meant for electric vehicles were allegedly diverted into personal luxury expenses. Where’s…
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A Testament to Anti-Profiteering Compliance under GST – Ireo Waterfront NAA Order
Introduction The Goods and Services Tax (GST) regime in India, since its inception in July 2017, incorporated robust anti-profiteering provisions under Section 171 of the Central Goods and Services Tax…
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A Comprehensive Reform for GST Registration Process – Standardisation, Speed, and Scrutiny
1. Introduction GST registration is the foundational compliance requirement for any taxable person under the GST regime. Over the past few years, multiple complaints have emerged from genuine applicants regarding…
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Understanding UPSI: Key to Insider Trading Compliance
In today’s fast-paced and information-driven capital markets, the difference between what’s public and what’s private can mean everything. That’s why Unpublished Price Sensitive Information (UPSI) lies at the heart of…
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Indian Herald Scam – An In-Depth Analysis
1. Introduction The Indian Herald Scam, often referred to as the National Herald Case, has evolved into one of India’s most controversial and politically significant legal matters. What began as…
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Guide to Condonation for Form 10AB Under Finance Act 2024
1. Introduction The Finance Act (No. 2), 2024 brought in a significant relief for charitable and religious institutions under the Income-tax Act, 1961, by enabling condonation of delay in filing…
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Presumptive Taxation: New Limits and Compliance Tips
1. Introduction Presumptive taxation schemes were introduced under the Income-tax Act, 1961, with the intent to simplify compliance for small businesses and professionals. Over the years, these schemes—specifically under Section…
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