Power Finance Corporation Ltd.’s Post

Designing the "Diamond Visitation" programme offered invaluable lessons. One key takeaway that resonates with me is, "When your clients speak, the world listens." Client testimonials are instrumental in shaping reputation and public perception. #StakeholderEngagement #PRLife #CommunicationPractitioner

Chairman Federal Board of Revenue Mr. Rashid Mahmood Langrial has taken a strict notice of use of extraneous influence by the officers/officials of FBR for ‘choice postings’ particularly those seeking field assignments and has issued an advisory in this regard. The use of extraneous influence constitutes 'misconduct' under the Government Servants (Conduct) Rules 1964 & Civil Servants (E&D) Rules 2020, which provides a valid ground for ‘Removal from Service’. Such sub-culture is eating at the roots of the integrity of the institution. In future, any such act will result in immediate suspension of the concerned officer/official and shall lead to initiation of disciplinary proceedings under the relevant law/rules. However, FBR recognises genuine needs of officers/officials for ‘station change requests’ in case of hardships. Such requests along-with supporting documentary evidence may be emailed at designated email addresses for consideration of Committees constituted for this purpose. *****

New Appointment at NBR: Md Abdur Rahman Khan Assumes Chairmanship. The government has appointed Md Abdur Rahman Khan, Secretary of the Financial Institutions Division, as the new chairman of the National Board of Revenue (NBR) and the Internal Resources Division, effective Wednesday. He replaces Abu Hena Rahmatul Muneem, who had his contract terminated on the same day. #MdAbdurRahmanKhan #NBRBangladesh #NationalBoardofRevenue #InternalResourcesDivision #BangladeshGovernment #LeadershipChange #NewAppointment #GovernmentAnnouncement #BangladeshEconomy #BangladeshFinance #PublicSector #FinancialLeadership #IndustryNews

🔆 *BNSS, 2023 - Section 531 - "Repeal and Savings" - On a plain reading of section 531(2)(a) of the Bharatiya Nagarik Suraksha Sanhita 2023 (‘BNSS’), proceedings even for FIR Registered before 1 July 2024 are to be “… …disposed of, continued, held or made… …” in accordance with the Code of Criminal Procedure, 1973 only in cases where such proceedings, viz.“… …any appeal, application, trial, inquiry or investigation… …”, was pending immediately before the date on which the BNSS came into force, i.e. 01.07.2024. Anticipatory bail application for FIR registered even prior to 1 July 2024 have to be dealt with under BNSS, 2023 if anticipatory bail application is filed after 1 July 2024*. 🛑 Citation : Prince v. State of GNCTD [2024] GCtR 1946 (Delhi) 🛑 Date of Decision : 12 July 2024 🛑 Author of Decision : Hon'ble J. A.J. Bhambhani. 🛑 Special Comments : This is an interim Order.

CP24/2 posits fundamental and wide-ranging changes to how the FCA investigates potential wrongdoing. It repays reading for anyone with a stake in this (which is any authorised firm, any individual covered by SMCR, and any client who has or might have a problem with how a firm is treating them - to name only the first three groups that spring to mind). For FSLA members, who represent all of the above and more, do please take a look - and let us know what you think.

ED Raid: Know what PM Modi said on ED raid #EdRaid #Indiaalliance039sattackonPMModi #loksabhaelection2024 #Modi #NarendraModi #narendramodiinterview #PMModi039sreactiononEDraid #raid

#IBC #CaseLaw Key Takeaways from Taxmann's Case Digest: • Where a corporate debtor had lost possessory rights over property more than three years before initiation of CIRP since said property was no longer considered part of the corporate debtor's assets, it could not be covered under section 14 • An application filed under section 14 for taking possession of demised premises was rightly rejected by NCLAT Case Name: Neesa Leisure Ltd. v. Rajasthan State Industrial And Investment Corporation Citation: [2024] 164 taxmann.com 715 (SC) Read the Supreme Court Order: https://lnkd.in/dFQvdpwi • Dr. Dhananjaya Y. Chandrachud | CJI., J.B. Pardiwala & Manoj Misra | JJ. • Samir Malik, Vaun Kalra, Mahip Singh, Nikunj Mahajan & Ms Farha Malik, Advs. for the Appellant.  • Anjali Doshi, Rajat Gupta, Advs. & Anuj Bhandari, AOR for the Respondent. #TaxmannUpdates #CIRP #NCLAT #SARFAESI

📣 The Australian Accounting Standards Board has just passed Australia's first sustainability standards! 💡 AASB S1 covers the general requirements for disclosing sustainability related information, and voluntary under the Corporations Act. 💡 AASB S2 covers the mandatory requirements for disclosing climate-related information in sustainability reports. Reach out to our team at ESG Metrix® to explore how your business can align with these new standards and strengthen your sustainability reporting. #esgreporting #sustainabilityreporting #climate #sustainability #esg #impact

Certainly on the standards is another great milestone toward transparent, comparable sustainability reporting. Well done Moana Overton Next steps for many companies is figuring out; 1. do we have the data we need? 2. Can the right people access it? 3. Can we rely on it? 4. Is it ready for assurance? #esgreporting, #esgdata

Plea by petitioner (a) Any Writ/order/direction may kindly be issued to IBBI, RBI and IBA to work in tandem and develop a framework or set of guidelines to ensure effective monitoring and functioning of the Committee of Creditors wherein some measure of recourse against CoC may be made available to other stakeholders in the insolvency process in cases of negligence by the CoC. What HC ruled: Accordingly, this court is inclined to partly allow the instant petition with respect to prayer (a). The IBBI is directed to frame/finalise a code of conduct/guidelines in accordance with its stand set out in the instant case, principles mentioned hereinabove and as per other relevant considerations, within a reasonable period of time, preferably, within three months from the date of the passing of this judgment, for the effective functioning of the CoC, without diluting the sanctity of the „commercial wisdom‟ of the CoC and the legislative intent of the IBC.  My view COC definitely requires a code of conduct.Commercial wisdom cannot be a cloak. If the Veil of a company can be unveiled,Commercial wisdom can also be decoded