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Archive: October, 2023

Posts in October, 2023

Unjustified Section 68 Addition: Gold Sale Cash Receipts Recorded in Books

October 17, 2023 2835 Views 0 comment Print

ITAT Ahmedabad rules on the treatment of cash receipts from sale of gold/gold ornaments in case of Abhishek Prakashchand Chhajed Vs ITO.

Directors’ Report Checklist under Section 134, Companies Act 2013

October 17, 2023 20380 Views 1 comment Print

Ensure compliance with Section 134 of Companies Act, 2013. Explore checklist for Directors’ Reports and its key disclosures, obligations, and more.

Sustainable Finance Instruments: Shaping the Future of Investments

October 17, 2023 1764 Views 0 comment Print

Explore the world of Sustainable Finance Instruments shaping the future of investments! Discover the significance of ESG factors and the pivotal role of green bonds, social bonds, and other instruments in driving a sustainable financial future. Join the global movement towards responsible investing.

Violation of Board meeting provisions- MCA imposes penalty

October 17, 2023 2439 Views 0 comment Print

Learn about the penalty imposed by MCA on Pantheryx (India) Private Limited for violating board meeting provisions. Details and analysis included.

Violation of clause 2.1 of secretarial standard-1 r/w Section 118(10) – MCA imposes Penalty

October 17, 2023 1125 Views 0 comment Print

Learn about penalties imposed by MCA on Pantheryx (India) Private Limited for non-compliance with clause 2.1 of Secretarial Standard-1 and Section 118(10) of Companies Act, 2013.

Director Appointment Default: MCA imposes Penalty

October 17, 2023 1614 Views 0 comment Print

Learn about the penalties imposed by the Ministry of Corporate Affairs (MCA) for Pantheryx (India) Private Limited’s failure to appoint a director in compliance with Section 149 of the Companies Act, 2013.

Penalties Imposed for Non-Appointment of Company Secretary

October 17, 2023 6474 Views 0 comment Print

Learn about penalties imposed by Ministry of Corporate Affairs in India for companies failing to appoint a company secretary as mandated by Companies Act, 2013.

Goods imported by research institution is exempt from payment of customs duty

October 17, 2023 1359 Views 0 comment Print

CESTAT Kolkata held that the Hydraulic Study Department of Calcutta Port Trust were eligible for the benefit of Notification No. 71/80-Cus dated 26.03.1981 and Notification No. 152/94-Cus dated 13.07.1994. Notification exempts goods which are imported by research institution from payment of customs duty.

RBI’s Amendment to KYC: What You Need to Know

October 17, 2023 4125 Views 0 comment Print

Discover latest amendment by RBI to the Master Direction (MD) on KYC and its implications for regulated entities. Stay updated with changes.

Provisions of section 28(va) doesn’t apply in case of termination of call option

October 17, 2023 924 Views 0 comment Print

ITAT Chennai held that the termination of the call option merely relinquishes the right of to buy shares, however, there is no element of non-compete obligation inherent in the agreement and hence provisions of Section 28(va) of the Income Tax Act cannot be triggered.

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