"13 January 2021" Archive

Jurisdiction of NCLT over a particular case cannot be determined by Registrar

Skillstech Services Private Limited Vs Registrar, National Company Law Tribunal (Delhi High Court)

Skillstech Services Private Limited Vs Registrar, National Company Law Tribunal (Delhi High Court) The case of the Petitioner is that the Registrar of the NCLT has failed to even list the Petitioner’s matter before the appropriate bench of NCLT, on the ground that the threshold of the pecuniary jurisdiction of the NCLT has now been [&he...

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Companies who not followed Process for AGM date extension may face legal action: MCA

General Circular No.02/2021 13/01/2021

Circular shall not be construed as conferring any extension of time for holding of AGMs by the companies under the Companies Act, 2013, and the companies which have not adhered to the relevant timelines shall remain subject to legal action under the Companies Act, 2013....

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Spending on CSR for COVID-19 Vaccination public outreach is valid CSR activity

General Circular No. 01/2021 13/01/2021

Spending of CSR funds for carrying out awareness campaigns/programmes or public outreach campaigns on COVID-19 Vaccination programme is an eligible CSR activity...

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SEBI (Central Database of Market Participants) Regulations, 2003 repealed

Notification No. SEBI/LAD-NRO/GN/2021/05 13/01/2021

SEBI hereby repeals with immediate effect the Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003...

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Anti-Profiteering penalty not in existence between period w.e.f. 01.07.2017 to 31.12.2018

Potnoor Naveen Vs Caroa Properties LLP (NAA)

Potnoor Naveen Vs Caroa Properties LLP (NAA) NAA held that Since, no penalty provisions were in existence between the period w.e.f. 01.07.2017 to 31.12.2018 when the Respondent had violated the provisions of Section 171 (1), the penalty prescribed under Section 171 (3A) cannot be imposed on the Respondent retrospectively. Accordingly, the...

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Section 171(1) violation not covered U/s. 122(1)(i) of CGST Act, 2017

Crown Express Dental Lab Vs Theco India Private Limited (NAA)

Crown Express Dental Lab Vs Theco India Private Limited (NAA) From the perusal of Section 122 (1) (i) of the CGST Act, 2017, it is clear that the violation of the provisions of Section 171 (1) is not covered under Section 122 (1) (i) of the CGST Act, 2017 as it does not provide penalty […]...

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No penalty for Violation of Section 171(1) occurred before 01.01.2020

Mohit Arora Vs Lodha Developers Ltd (NAA)

Mohit Arora Vs Lodha Developers Ltd (NAA) Since no penalty provisions were in existence between the period w.e.f. 01.07.2017 to 31.08.2018 when the Respondent had violated the provisions of Section 171 (1), the penalty prescribed under Section 171 (3A) cannot be imposed on the Respondent retrospectively. Accordingly, the notice dated 18.1...

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Inox Leisure guilty of not passing benefit of reduction in GST rate: NAA

Shri. I.P Saji Vs Inox Leisure Pvt. Ltd. (NAA)

Shri. I.P Saji Vs Inox Leisure Pvt. Ltd. (NAA) The brief facts of the case are that a reference was received from the Standing Committee on Anti-profiteering from Applicant No. 1, alleging profiteering in respect of the supply of restaurant service despite a reduction in the rate of GST from 18% to 5% w.e.f. 15.11.2017. […]...

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View Tax Credit Statement (Form 26AS)- Easy Guide

The Form 26AS displays the various taxes deducted/paid on individual’s income from/through various sources. It includes details of, ♦ Tax Deducted at Source (TDS) ♦ Tax Collected at Source (TCS) ♦ Advance Tax/ Self-Assessment Tax paid ♦ Regular Tax ♦ Tax Refund details for an Assessment Year, etc. Perform the following ste...

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Posted Under: Corporate Law |

All India Protest Call against GST/Income Tax Issues by WMTPA

Government is neither listening to representations submitted by various associations, nor listening to court direction in true spirit. In Covid 19 pandemic, all professionals and Trade, ignoring life and death risk, ensured that, India will stand again, paid taxes in lakh crores but it seems government doesn’t recognize us....

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Posted Under: Corporate Law | ,

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