What is UDIN? In order to prevent businesses/ clients from the fraudulent acts of non-CAs, practicing and certifying as CAs, the Institute of Chartered Accountants of India (ICAI) has come up with the concept of UDIN. Primarily, UDIN secures certificates, reports, documents, etc. certified by the practicing CAs. Additionally, it enables regulators, banks as well […]
The Income Tax Department carried out search and seizure operations on an importer and trader of laptops, mobile phones and peripheral parts. The search operations commenced on 10.10.2021 and were spread across the National Capital Region, Haryana and West Bengal.
West Bengal Authority for Advance Ruling (‘AAR’) in the case of M/s Kanahiya Realty Private Limited has ruled that supply of goods such as gold coins, refrigerator etc. at nominal price to retailers against purchase of specified units of hosiery goods under a promotional scheme is neither a composite supply nor a mixed supply. AAR […]
In this article we shall discuss about Board’s Report. Board’s Report is a mandatory filling under Companies Act, 2013. The Section which relates to the Board’s Report is Section 134 of the Companies Act, 2013. This is required to be filed as an attachment in Form AOC-4 with Ministry of Corporate Affairs (MCA).
Punjab HC initiated CBI enquiry to fix liability of erring Customs Department and Anti Evasion GST Units in respect of clearing of Consignment without making any entry.
HC has held that an assessment order passed by the Assessing Officer (AO) should necessarily be made with sound consideration and application of mind, and any absence thereof shall make the order liable to be set aside and would warrant imposition of substantial costs on such AO.
Aditya Chemicals Vs Commissioner of Customs (CESTAT Chennai) Production of original VAT or Sales Tax Challans not required for grant of SAD refund unless any deficiency memo is issued The Hon’ble Customs, Excise & Service Tax Appellate Tribunal, Chennai (the CESTAT Chennai) in the case of M/s Aditya Chemicals v. Commissioner of Customs [Customs Appeal […]
Understand the treatment of upfront payment of interest on debentures. Analyze the disallowance by the AO and the spread of expenditure over five years.
Procedure for appointment of First Auditors and Subsequent Auditors under the Companies Act, 2013 of Government Company and for Companies other than Government Company. COMPANY OTHER THAN GOVERNMENT COMPANY FIRST AUDITOR SUBSEQUENT AUDITOR First auditor shall be appointed by the Board within 30 days of incorporation; Board Resolution for recommending appointment of auditor in the […]
Article explains Events Where E-Form MGT-14 to be Filed Under the Companies Act, 2013 for all Companies including Private Limited Companies and for companies other than Private Limited Companies. FOR ALL COMPANIES INCLUDING PRIVATE COMPANIES SR. NO. APPLICABLE PROVISIONS EVENT 1. Section 117(3)(a) Special Resolutions 2. Section 117(3)(b) Resolutions agreed to by all the members […]
