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Archive: 14 June 2023

Posts in 14 June 2023

Deciphering The National Medical Devices (NMD) Policy, 2023

June 14, 2023 1050 Views 0 comment Print

Explore the intricacies of Indias National Medical Devices (NMD) Policy, 2023. Uncover its significance in shaping the medical device industry, its vision, missions, and strategies, including regulatory streamlining, infrastructure development, R&D facilitation, attracting investments, human resource development, and brand promotion.

Share Stamping in Delhi Procedure

June 14, 2023 5814 Views 0 comment Print

Discover the Share Stamping procedure in Delhi, India, an essential step in the share transfer process. Learn about the significance of share stamping, its legal validity, and its role in ensuring compliance with tax regulations. Follow the step-by-step process, including stamp duty calculation, obtaining stamp paper, document execution, payment, and registration. Stay informed to facilitate seamless and legally recognized share transfers in the bustling business hub of Delhi.

Institute of Cost Accountants of India: Discontinuance of ‘ICAI’ Acronym and Adoption of ‘ICMAI’

June 14, 2023 33933 Views 2 comments Print

Institute of Cost Accountants of India (ICAI) issues a circular discontinuing the usage of the acronym ‘ICAI‘ as directed by the Hon’ble High Court of Delhi. The circular mandates the removal of all references to ‘ICAI‘ and the adoption of the acronym ‘ICMAI‘ across physical and virtual platforms. This decision comes after the Institute of […]

New Guidelines For Scrutiny of Gst Returns

June 14, 2023 19044 Views 0 comment Print

CBIC’s instructions and the Standard Operating Procedure (SOP) for scrutiny, including selection criteria, timelines, and reporting. Understand the process and implications for registered persons under scrutiny.

Challenges in obtaining registration under Shops & Establishment Act, Karnataka

June 14, 2023 1662 Views 0 comment Print

Karnataka State Chartered Accountants Association (R.) (KSCAA) addresses the Department of Labour, Government of Karnataka, with a representation on the challenges faced in obtaining registration under the Shops and Establishment Act. Representation sheds light on the difficulties encountered by businesses and emphasizes the importance of streamlining processes to facilitate a smoother operational environment. The representation […]

KSCAA Representation on challenges faced in registering Partnership Firms

June 14, 2023 3669 Views 0 comment Print

KSCAA presents a representation highlighting the challenges faced in registering firms and suggests solutions. Read more about the difficulties impacting business operations and the need for simplified processes.

Penalty Imposed by MCA for Delay in Filing Annual Return (MGT-7)

June 14, 2023 9345 Views 0 comment Print

Learn about the penalty imposed by the Ministry of Corporate Affairs (MCA) on M/s CMBF Trading and Manufacturing India Private Limited for the delay in filing their Annual Return (MGT-7). This article provides an analysis of the order of adjudication, the penalty amount, and the consequences for the company and its directors.

MCA Levies 20 Lakh Penalty for Non-Appointment of CS

June 14, 2023 15012 Views 1 comment Print

Violation of Section 203(4) of the Companies Act, 2013 (non-appointment of a Company Secretary) : MCA Imposes 20 Lakh Penalty on Himalayan Rolling Steel Industries & Its Directors

NSE Proposes Migration to XBRL Format from PDF for Corporate Filings

June 14, 2023 1770 Views 0 comment Print

A new development from the National Stock Exchange of India is looking at implementing XBRL for listed entities, replacing PDF format. The shift is aimed to streamline corporate filings and ease the compliance burden.

Addition of deemed dividend in the hands of non-shareholders is unsustainable

June 14, 2023 1197 Views 0 comment Print

ITAT Ahmedabad held that addition on account of deemed dividend as per section 2(22)(e) of the Act unsustainable in the hands of non-shareholders.

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