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Archive: 08 September 2022

Posts in 08 September 2022

Creditor can Claim from Successful Resolution Applicant If its Suit Is Decreed

September 8, 2022 705 Views 0 comment Print

If suit of Appellant is decreed, the claim being contingent, Appellant shall be entitled to claim from Successful Resolution Applicant

MEIS Benefit cannot be denied due to Technical Error in Electronic System

September 8, 2022 1512 Views 0 comment Print

Due to technical error or lacunae in electronic system, petitioner cannot be deprived of its benefit/incentive under MEIS – Madras High Court

E-Commerce Operator (ECO) under GST – Short Summary

September 8, 2022 18378 Views 1 comment Print

Explore the essentials of E-Commerce Operators (ECOs) under GST with this short summary. Learn about registration, TCS collection, net value calculation, and compliance on the GST portal.

Analysis of Clause 44 of Tax Audit Report in Form 3CD

September 8, 2022 111270 Views 1 comment Print

“Explore the history and analysis of Clause 44 in Tax Audit Report Form 3CD. Understand its evolution, deferred implementation, and reporting requirements for expenditures. Get insights on GST implications and detailed breakdown.

GST updates and compliance calendar for September 2022

September 8, 2022 9219 Views 0 comment Print

Stay updated with the latest GST changes and compliance requirements for September 2022. Check the GST compliance calendar, including due dates for GSTR-1, GSTR-3B, and other forms.

Entity Issuing ‘Letter of Comfort’ cannot be treated as Corporate Debtor or Guarantor under IBC

September 8, 2022 1884 Views 0 comment Print

NCLT held that entity issuing ‘Letter of Comfort’ cannot be treated as ‘Corporate Debtor/Corporate Guarantor’ under IBC, 2016

Company not appointed internal auditors – MCA imposes penalty

September 8, 2022 5112 Views 0 comment Print

Indira IVF Hospital Private Limited, along with key officers, recently underwent an adjudication process for failing to appoint internal auditors as mandated by Section 138 of the Companies Act, 2013. This article provides a detailed analysis of the violation, the arguments presented, and the penalty imposed by the Registrar of Companies, Rajasthan, Jaipur. The case […]

Debt converted into equity cannot be treated as Debt – NCLT is a summary court

September 8, 2022 1290 Views 0 comment Print

NCLT is a summary court and hence, we cannot venture into a detailed proceeding, the main points in a section 7 petition is to check whether there is a debt and default with the aid of the documents annexed with the pleadings. In the present case, the debt as been converted into equity shares, hence there is no debt at the present.

Maintainability of Appeal against Award passed under Motor Vehicles Amendment Act, 2019 of less than Rs. 1 lakh 

September 8, 2022 7746 Views 0 comment Print

Filing of an appeal against an Award of less than a sum of Rs.1,00,000/- can be entertained in respect of appeals arising out of claim petitions filed prior to 01.04.2022.

SC dismisses SLP against notice u/s 148A(b) & P&H HC order in Gian Castings

September 8, 2022 4008 Views 0 comment Print

AO has passed order u/s 148A(d) and issued notice u/s 148 of the Act. The AO was issued notice u/s 148A(b) of the Act along with details of information and the inquiry forming basis of reopening.

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