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Archive: 05 February 2024

Posts in 05 February 2024

Violation of Section 92 & 137 of Companies Act 2013: MCA imposes Penalty

February 5, 2024 513 Views 0 comment Print

Read about the penalty on G.P. Realtors Pvt. Ltd. for failing to file annual returns and financial statements, violating Sections 92(4) & 137(3) of the Companies Act, 2013.

Decoding MAT: Unraveling Minimum Alternate Tax Landscape in India

February 5, 2024 870 Views 0 comment Print

Unveiling the intricacies of Minimum Alternate Tax (MAT) in India. Understand its purpose, computation, and recent developments. Navigate the tax landscape with clarity.

MCA Fines Rs. 3.50 Lakh for Submitting Illegible Financial Statement via E-Form AOC-4

February 5, 2024 3996 Views 0 comment Print

Ministry of Corporate Affairs imposes penalties on M/S PRE-STRESSED UDYOG for non-compliance under Section 137 of the Companies Act, 2013. Details inside. 

Concise Overview of Form INC-20A and Section 10(A) of Companies Act, 2013

February 5, 2024 513 Views 0 comment Print

Understand the significance of Form INC-20A in the Companies Act, 2013. Learn about filing requirements, penalties, and ROC adjudication orders. Avoid non-compliance pitfalls.

Draft IRDAI Regulations 2024: Registration, Capital, Shares Transfer & Amalgamation

February 5, 2024 594 Views 0 comment Print

Explore the proposed IRDAI Regulations 2024, consolidating key insurance rules. Learn about changes, clarity on capital structure, and how it aims to enhance business ease.

Special Economic Zones (Amendment) Rules, 2024

February 5, 2024 888 Views 0 comment Print

Discover the latest amendment to the Special Economic Zones Rules, 2024, enhancing the flexibility in transactions between SEZ units and foreign buyers.

GST: Goods cannot be detained for under valuation: HC quashes Penalty order

February 5, 2024 2436 Views 0 comment Print

Allahabad High Court ruling in Shamhu Saran Agarwal case: Penalties for GST under-valuation quashed. Analysis of circular, legal grounds, and implications.

Anti-Profiteering Clause under GST- A Boon or Bane

February 5, 2024 996 Views 0 comment Print

Delhi High Courts stance on anti-profiteering clause: Valid but arbitrary? Explore the intricacies, challenges, and flaws in the anti-profiteering law.

Key Takeaways from Budget for Individual Financial Goals

February 5, 2024 645 Views 0 comment Print

Explore the key takeaways for individuals from the Interim Budget 2024 announced by Hon’ble Finance Minister Nirmala Sitharaman. Learn about income trends, tax collection, and investment insights for a better financial future.

Customs Broker not liable for non-tracing of exporter post issuance of Let Export Orders

February 5, 2024 603 Views 0 comment Print

Delhi High Court held that Customs Broker cannot be held liable for not able to trace exporters as ‘Let Export Orders’ already issued and goods already exported out of the country. Accordingly, order revoking customs broker license set aside.

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