SEBI NOTIFICATION
SEBI (Mutual Funds) (Amendment) Regulations, 2022 (January 25, 2022)
In exercise of the powers conferred by section 30 read with clause (c) of sub-section (2) of section 11 of the SEBI Act, 1992 , the Board has notified the SEBI (Mutual Funds)(Amendment)Regulations, 2022 which inter alia provided that:
  1. the financial statements and accounts of the mutual fund schemes shall be prepared in accordance with Indian Accounting Standards (IND AS) and any addendum thereto, as notified by the Companies (Indian Accounting Standards) notified by the Companies ( IAS ) Rules, 2015.
  2. In case there is any conflict between the requirements of IND AS and these regulations and guidelines issued thereunder, the asset management companies shall follow the requirements specified under SEBI(Mutual Fund) Regulations.
Goods and Services Tax
Deployment of Interest Calculator in GSTR-3B (January 26, 2022)
The new functionality of interest calculator in GSTR-3B is now live on the GST Portal. This 
functionality will facilitate & assist the taxpayers in doing self-assessment. Also this functionality will inform the taxpayers about the manner of system computed interest for each tax-head and hence will assist the taxpayers in doing correct computation of interest for the tax liability of any past period declared in the GSTR-3B for the current tax period.
National Company Law Tribunal Pronouncements
CBRE South Asia Pvt. Ltd. (Appellant) Vs. M/s United Concepts and Solutions Pvt. Ltd (Respondent)  (19/01/2022)
The NCLT Bench observed that Interest amount cannot be clubbed with the Principal amount of debt to arrive at the minimum threshold of Rs.1 Crore for complying with the provision of Section 4 of IBC,2016.

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