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Archive: 22 February 2023

Posts in 22 February 2023

Applicability of amended Plastic Waste Management Rules, 2016 on imported goods

February 22, 2023 3867 Views 1 comment Print

Importers of goods which are not plastic packaging, but are coming wrapped or packed in plastic packagings, such as machinery, textile, etc., are required to upload the EPR registration in e-sanchit at the time of filing of the Bills of Entry to avoid any query on this issue.

Consultation Paper on Strengthening Corporate Governance At Listed Entities

February 22, 2023 1878 Views 0 comment Print

SEBI Consultation Paper on Strengthening Corporate Governance At Listed Entities By Empowering Shareholders – Amendments To SEBI (LODR) Regulations, 2015

GST provisions cannot be interpreted to deny right to trade & commerce to any citizen

February 22, 2023 4074 Views 0 comment Print

HC held that it is not the object of GST law to curtail right of the assessee to carry out business. Further restored GST registration of assessee which was cancelled due to non-filing of GST returns.

Assessee cannot claim Section 54F exemption based on unregistered Banakhat agreement

February 22, 2023 3132 Views 0 comment Print

ITAT held that, transfer of property only takes place when either possession of property is transferred or sale deed is executed and documents like unregistered ‘Banakhat’ or power of attorney are not substitute of sale deed.

Corporation failed to establish involvement of company in advertising its product without permission

February 22, 2023 810 Views 0 comment Print

Calcutta High Court dismissed the petition of Kolkata Municipal Corporation in absence of any evidence proving establishing direct or indirect involvement of the respondent company to have advertised its product without permission.

MCA imposes Rs. 92 Lakh penalty for delay in Transfer of Unspent CSR Fund

February 22, 2023 17283 Views 0 comment Print

Violation of Section 135(6) of Companies Act, 2013 by M/S. Kony India Private Limited as company failed to transfer an unspent amount of Rs. 42,09,263/- to the Unspent Corporate Social Responsibility Account within the specified time frame. The company has since transferred the amount, but a penalty has been imposed. The penalty for the company […]

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