"19 June 2023" Archive

ROC Delhi Imposes Penalty for Missing Minute Book Date and Serial Number

No. ROC/D/ADJ/Section 118/ TELEONE/2422-2425 19/06/2023

ROC), Delhi, has imposed a penalty on Teleone Consumers Product Private Limited. The violation pertains to non-compliance with section 118(10) of the Companies Act, 2013, as detailed in an Inquiry Officer's report. ...

CBIC extends Due Date for GSTR-7 Filing in Manipur for April & May 2023

Notification No. 16/2023–Central Tax [G.S.R. 450(E)] 19/06/2023

Notification No. 16/2023- Central Tax to extend due date for furnishing GSTR-7 for April, 2023 and May 2023 for registered persons whose principal place of business is in the State of Manipur to thirtieth day of June, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 16/2023–...

CBIC extends Time Limit to Furnish Form GSTR1 in Manipur for April to May 2023

Notification No. 14/2023-Central Tax [G.S.R. 448(E)] 19/06/2023

Notifications No. 14/2023- Central Tax to extend due date for furnishing FORM GSTR1 (Outward Supply Details) for registered persons whose principal place of business is in the State of Manipur for tax periods April 2023 and May 2023 till thirtieth day of June, 2023. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TA...

Third Party Funding in Arbitration: An Unregulated Doorway to Ease of Business in India

In this article, the author reflects upon the growing businesses in the country, with huge economic ambitions at hand and how this growth in businesses will parallelly scale up the finances involved in commercial arbitration, making third party funding more common and preferable mode of financing the process of arbitration in the near fut...

Posted Under: Company Law |

SEBI Commences Execution Only Platforms under Stock Brokers Regulations

Notification No. SEBI/LAD-NRO/GN/2023/133 19/06/2023

Commencement notification for Execution Only Platforms under the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 SEBI) has announced the commencement date for Execution Only Platforms under the Stock Brokers Regulations. This notification, issued under the powers conferred by the Securities and Exchange Board of I...

Contract money and compensation on delayed payment is business income

ITO Vs Late Shri Chandi Ram (ITAT Jaipur)

ITO Vs Late Shri Chandi Ram (ITAT Jaipur) In ITO Vs Late Shri Chandi Ram, ITAT Jaipur reviewed the contentions presented by the Departmental Representative (DR) and the Authorized Representative (AR) regarding the taxation of business income. The bench carefully examined the records, including audited accounts and relevant notes, while c...

General Authorization for Export of Chemicals- Notification No. 12/2023

Notification No. 12/2023-DGFT [S.O. 2690(E).] 19/06/2023

DGFT, has issued a notification, No. 12/2023, dated June 19, 2023, amending Paragraph 10.08(ix) of the Foreign Trade Policy 2023. The amendment pertains to the General Authorization for Export of Chemicals and related Equipments (GAEC) and introduces changes to the policy. ...

Amendment in General Authorization for Export of Chemicals & Related Equipment

Public Notice No. 15/2023 [F. No. 01/91/180/01/AM22/EC(S).] 19/06/2023

DGFT has issued a public notice amending Handbook of Procedures (HBP) 2023 to revise procedure for General Authorization for Export of Chemicals and related Equipment (GAEC). ...

SEBI Final Order: Falsification in Financial Statements of Arvind Remedies Limited

Order No. WTM/SM/ CFID/ CFID/ 27506/ 2023-24 19/06/2023

Read the final order issued by the Securities and Exchange Board of India (SEBI) regarding the falsification and misstatement of financial statements by Arvind Remedies Limited. The order includes background information, findings, and directions issued to the involved parties....

Analysis of Oppression and Mismanagement under Company Law

In this paper, the author would discuss the concept of oppression and mismanagement in an elaborate manner. Further, it would also discuss certain remedies which the shareholders can claim in a situation where there are circumstances like oppression or mismanagement....

Posted Under: Company Law |

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