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Archive: 29 December 2023

Posts in 29 December 2023

MSME-1 Form not filed: MCA Imposes Penalty of 16.09 for not reporting MSME dues of 18.58 Lakh

December 29, 2023 5532 Views 0 comment Print

Explore the consequences as MCA penalizes Blissful Garments for not reporting MSME dues of ₹18.58 Lakh. Learn about the adjudication order, violations, and penalties.

Demat Mandate for Private Companies: Compliance Guidelines

December 29, 2023 2358 Views 0 comment Print

Stay informed about the latest MCA notification mandating dematerialization of shares for private companies. Learn about applicability, timelines, consequences, ROC compliances, and penalties.

RBI’s NSFR Review: Inclusion of EXIM Bank & NaBFID as National Development Banks

December 29, 2023 477 Views 0 comment Print

Read the latest RBI circular on Basel III NSFR framework. Inclusion of EXIM Bank and NaBFID as National Development Banks. Immediate effect on commercial banks.

Master Direction RBI (Internal Ombudsman for Regulated Entities) Directions, 2023

December 29, 2023 1740 Views 0 comment Print

Master Direction – Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023 issued with a view to strengthen the Internal Grievance Redress mechanism within a Regulated Entity and ensure a proper and speedy resolution of customer complaints by enabling a review before their rejection, by an apex level authority within the Regulated Entity. 

Charity Commissioner Office Woes: BJP Mumbai Calls for Admin Reforms

December 29, 2023 5163 Views 0 comment Print

Explore the detailed representation by BJP Professional Cell to Maharashtra’s Dy CM, highlighting challenges faced by trusts and CAs. Urging an Amnesty Scheme, the article dissects administrative complexities, suggesting reforms for streamlined processes and enhanced transparency in charity governance.

Mere suppression of facts without intent to evade tax not enough to invoke extended period of Limitation

December 29, 2023 3294 Views 0 comment Print

Mere suppression of facts was not enough and there must be a deliberate and willful attempt on the part of the assessee to evade payment of duty.

Distribution Companies Not Authorized to Collect GST on Electricity & Related Services

December 29, 2023 1413 Views 0 comment Print

Electricity distribution companies were not entitled to collect gst from their customers and charges for metering equipment, testing fee for meter, labour charges from customers for shifting of meters, charges for bills and application for releasing connection of electricity were all integral part of services of distribution of electricity.

Revised Small Savings Schemes Interest Rates for January-March, 2024

December 29, 2023 10593 Views 0 comment Print

Get the latest update on small savings scheme interest rates in India. Revised rates for Q4 2023-24 released by the Ministry of Finance. Plan your investments wisely.

Conditional release of seized Gold and Gold Items inspite of Customs Appeals by Revenue

December 29, 2023 2004 Views 0 comment Print

Gold and gold items seized from assessee were to be released after the orders-in-original had been passed in favour of assessees, on furnishing securities other than bank guarantees and execution of the bonds to the satisfaction of proper customs authority.

MCA Year Ender 2023: Transformative Changes in Corporate Governance

December 29, 2023 939 Views 0 comment Print

Explore the Ministry of Corporate Affairs’ (MCA) significant achievements in 2023, from C-PACE to regulatory amendments, shaping a dynamic and efficient corporate landscape.

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