MCA imposed a penalty on PTC India Financial Services Limited for violation of Section 178 of Companies Act, 2013. Company failed to constitute Nomination & Remuneration Committee (NRC), resulting in penalties.
Read about the penalty imposed on PTC India Financial Services Limited for violating Section 149 of the Companies Act, 2013 by denying requests from independent directors (IDs) for legal advice. Understand the findings of the case, the obligations of the company and its officers, and the penalty amount imposed. Discover the steps for compliance and the option for appeal.
IBBI suspended an Insolvency Professional (IP) for not diligently performing his duties during CIRP of CD and exceeding his authority by treating resolutions as approved. Get the details of the disciplinary action and its implications
Explore SEBI’s new online remittance system for fees payment. Learn about the different payment methods available and the necessary information required during transactions.
Discover the recent amendment to the SEBI (Informal Guidance) Scheme 2003, where SEBI has discontinued the acceptance of demand drafts for fee payments. Learn about the new electronic payment methods.
In Ramji Jaiswal & Anr Vs State Tax Officer, Calcutta High Court waives penalty for transportation of goods with an expired E-way bill, citing lack of intention to evade tax.
In Sunrise Broking P. Ltd. Vs ITO, ITAT Ahmedabad abolishes penalty over additions made to interest on income tax refund, recognizing no concealment or inaccuracy in the income particulars.
ITAT Delhi upholds the deduction of foreign travel expenses of directors in the Arms Communications Pvt. Ltd Vs ACIT case, emphasizing the role of these expenses in business growth and prospecting.
Ajit Kumar Khan Vs DCIT case at ITAT Ranchi clarifies that late filing fees for GST returns cannot be added summarily through intimation under section 143(1) of Income Tax Act, 1961.
The ITAT Chennai in Jamal Mohideen Haroon Imran Khan Vs ITO case allows a delay of 227 days in appeal filing due to the death of assessee’s advocate during the Covid-19 pandemic.
