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Archive: 18 May 2022

Posts in 18 May 2022

MCA Imposes 9 Lakh Penalty for Inadequate Board Meetings

May 18, 2022 24468 Views 0 comment Print

Registrar of Companies in Rajasthan fines M/s EMBASSY INFRATECH INDIA LIMITED and its directors a total of 9 lakh rupees for failing to conduct minimum required four board meetings annually, violating Section 173 of Companies Act, 2013

Solution to the Error in Filing Form 10-IC

May 18, 2022 17952 Views 3 comments Print

Find the solution to the error in filing Form 10-IC for concessional corporate tax rate. Learn about the extended deadline and step-by-step procedure for online filing.

Income Represented as Asset- Major Defense available to Assessee – section 149

May 18, 2022 21150 Views 1 comment Print

Learn about the major defense available to the assessee under section 149 of the Income Tax Act, 1961. Understand how income represented as an asset can benefit taxpayers.

मप्र हाईकोर्ट ने गलत स्टाक स्टेटमेंट को अघोषित आय माना

May 18, 2022 5736 Views 0 comment Print

सामान्यत ये चलन व्यापक स्तर पर देखा जाता है कि व्यापारी या उद्योगपति अपनी बैंक लिमिट जारी रखने के लिए या बढ़वाने के लिए या बैंकों से अधिक वित्तीय सुविधा प्राप्त करने के लिए बढ़ा चढ़ाकर स्टाक दिखाते हैं जितना रिकॉर्ड में नहीं होता है और ऐसा करने में प्रायः यह भी देखा जाता है कि बैंकर्स, सीए और कर सलाहकार भी सहायता करते हैं.

Selection of proper Accounting Head at the time of making e-payment of various duties of Central Excise

May 18, 2022 1779 Views 0 comment Print

OFFICE OF HIE PRINCIPAL ADDITIONAL DIRECTOR GENERAL OF SYSTEMS & DATA MANAGEMENT GST & CENTRAL EXCISE, GST BHAVAN, NO.  26/1, MAHATHMA GANDHI ROAD, NUNGAMBAKKAM, CHENNAI – 34 Tele: 044-29515378; Fax:044-28331104 Mail: dochennairtuicegate.gov.in ADVISORY NO. 12/2022 – ACES-GST (CE&ST) Sub:- Selection of proper Accounting Head at the time of making e-payment of various duties of Central Excise-reg […]

Non-Existence of Registered Office equals to Lack of Meeting Records: MCA Imposes 25000 Penalty

May 18, 2022 1266 Views 0 comment Print

Registrar of Companies in Rajasthan fines M/s EMBASSY INFRATECH INDIA LIMITED and its directors for violating Section 119 of Companies Act, 2013 by not maintaining meeting records due to non-existence of registered office

SEBI grants renewal of recognition to MCXCCL

May 18, 2022 888 Views 0 comment Print

SEBI grants renewal of recognition to theMulti Commodity Exchange Clearing Corporation Limited (MCXCCL) for three years commencing on the 31st day of July, 2022 and ending on the 30th day of July, 2025 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 18th May, 2022 No. SEBI/LAD-NRO/GN/2022/85.—The Securities and Exchange Board of India, having considered […]

No CENVAT of duty paid for failure to meet export obligations as per Advance Authorization license

May 18, 2022 2190 Views 0 comment Print

Aurobindo Pharma Ltd. Vs Commissioner of Customs (CESTAT Chennai) Brief facts are that the appellant had imported certain goods under Advance Authorization Scheme vide various licenses. As the Advance Authorization expired, the appellants were unable to fulfill their export obligation as stipulated in these licenses. They have paid appropriate duty and interest on the quantity […]

Issue of SVLDRS 4 cannot be denied merely for no provision to manually process the same

May 18, 2022 2619 Views 0 comment Print

Gujan Builder Vs Designated Committee (Madras High Court) In this case The SVLDRS 4 was not issued by the Designated Committee at that point of time. Since there is no provision to manually process it now, your request to issue discharge certificate cannot be acceded to. Moreover, the only situation where manual processing is possible […]

NI Act Section 138: Director not liable if Company is not been made accused

May 18, 2022 12699 Views 0 comment Print

Geeta Singh Vs Pradeep Singh (Delhi High Court) If a company is a drawer of the cheque, it is a necessary party to proceedings initiated under Section 138 of the NI Act. The liability of a private person, in his capacity of a Director or any other authority to act on behalf of the Company, […]

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