Benami Transactions Current Affairs, GK & News
Companies (Auditor’s Report) Order, 2020 (CARO)
The Ministry of Corporate Affairs has announced the notification of Companies (Auditor’s Report) Order, 2020 (CARO). Key Features Disclosure of details of proceedings against company for holding Benami property. The auditor should provide details of investments made by the company. Fraud committed by the company or on the company should be reported. The cash losses ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Auditor • Benami Transactions • CARO • Companies (Auditor’s Report) Order • Investment
Finance Minister on COVID-19: Tax Filings extended, ATM, bank charges waived off, Business Rules Eased and much more
On March 24, 2020, the Finance Minister Nirmala Sitaraman announced several key measures in the view of Corona Virus Pandemic. The minister also announced that the Economic Task Force is to announce Economic Relief Package to contain the spread of the disease. Financial Measures No charges on withdrawal of cash in bank ATMs. Also, the ..
Month: Current Affairs - March, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: ATM Charges • Benami Transactions • Corona virus • COVID-19 • Finance Minister • Income Tax Act • nirmala sitaraman • Vivad Se Vishwas
Government constitutes inter-departmental task force to crack down on benami firms
The Union Government has constituted inter-departmental task force comprising members of various regulatory Ministries and enforcement agencies to crack down on benami firms. It is first major post-demonetisation move undertaken by Government for unearthing black money from shell companies used for large-scale money laundering and tax evasion. Key Facts The task force will be headed ..
Month: Current Affairs - February, 2017
Category: India Nation & States Current Affairs
Topics: Benami Transactions • black money • National • Task Force • Taxation
Benami Transactions (Prohibition) Amendment Act, 2016 comes into force
The Benami Transactions (Prohibition) Amendment Act, 2016, designed to curb black money and passed by parliament in August 2016, came into effect. The new law amended the Benami Transactions Act, 1988 and renamed as the Prohibition of Benami Property Transactions (PBPT) Act, 1988. The amendment act also to strengthen the parent Act in terms of ..
Month: Current Affairs - November, 2016
Category: Legal & Constitution Current Affairs
Topics: Benami Transactions • Bills and Acts • black money • National