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Archive: 01 February 2024

Posts in 01 February 2024

Non-appointment of CS- MCA Reduces Penalty from ₹25 Lakh to ₹3.75 Lakh

February 1, 2024 339 Views 0 comment Print

Explore the appeal filed by Shrushti Contech Private Limited against penalties under the Companies Act, 2013. Detailed analysis of the adjudication order and its implications.

Non-appointment of CS- MCA Reduces Penalty of Rs. 29.94 Lakh to 15%

February 1, 2024 195 Views 0 comment Print

Read about the reduction of penalty from Rs. 29.94 lakh to 15% by MCA due to non-appointment of CS by IBM Global Financing India Pvt. Ltd. Detailed analysis provided.

Non-appointment of CS- MCA Reduces Penalty from Rs. 15 Lakh to Rs. 2.25 Lakh

February 1, 2024 228 Views 0 comment Print

Appellants contested an adjudication order for failing to comply with Section 203 of the Companies Act, 2013, which mandates the appointment of a whole-time company secretary for companies with a paid-up capital exceeding Rs. 5 crores.

Interim Budget 2024-2025 – Speech of Finance Minister Nirmala Sitharaman

February 1, 2024 4434 Views 0 comment Print

Interim Budget 2024-2025 – Speech of Minister of Finance Nirmala Sitharaman: Structural reforms & pro-people programs, reaching people at scale.

Interim Union Budget 2024: Highlights

February 1, 2024 3828 Views 1 comment Print

The Interim Union Budget for 2024 has been presented, serving as a temporary financial plan until the new government presents its budget post-elections. This interim budget does not introduce many changes but instead focuses on the government’s objectives and targets if it comes into existence. Key Highlights Corporate Tax Rate: The corporate tax rate remains […]

RBI Mandates Enhanced Compliance Monitoring Solutions

February 1, 2024 1014 Views 0 comment Print

RBI directive urges financial institutions to upgrade compliance monitoring systems. Explore the streamlining process, technology leverage, and implementation timeline.

Empanelment of Cost Accountants for Inventory Valuation under Income-tax

February 1, 2024 780 Views 0 comment Print

Get details on the empanelment of Cost Accountants under Income-tax Act, 1961. Notice issued by the Principal Chief Commissioner of Income Tax, Pune. Apply by 29.02.2024

MCA Reduces Penalty for Late MGT-14 Filing from ₹1074700 to ₹214940

February 1, 2024 933 Views 0 comment Print

Explore the MCA decision as penalty for non-filing MGT-14 decreases from 10.74 lakhs to 2.14 lakhs for Stanley Lifestyles Limited and its officers.

Classification of DWDM & OTN Technology: CAAR rejects Application

February 1, 2024 372 Views 0 comment Print

Explore the Customs Authority’s decision on the classification of Dense Wavelength Division Multiplexers (DWDM) and Optical Transport Network (OTN) technology in the case of Nokia Solutions and Networks India. Understand the implications and resolution of the classification dispute.

Consultation paper on IFSCA (Payments Regulatory Board) Regulations, 2024

February 1, 2024 246 Views 0 comment Print

IFSCA invites public feedback on proposed Payments Regulatory Board Regulations 2024. Explore key objectives, background, and how to contribute. Deadline: February 23, 2024.

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