Operational Creditor cannot be paid through partly paid ‘Redeemable Preference Shares’ as the distribution of the amount to the Operational Creditor (other than Government Departments) was clearly contrary to provisions of Section 30 (2)(b)(ii).
Learn about the exemption from penalties for late financial return submissions within 30 days from the date of AGM, as per the recent order by the Registrar of Companies.
Read the full judgment where Madras High Court sets aside GST assessment orders due to denial of personal hearing, granting relief to Prosign Communications.
Madras High Court disposes WP challenging interest & penalty. Despite GST discharge, 100% penalty imposed. Detailed analysis & conclusion provided.
Delve into the origins and implications of Goods and Services Tax (GST) in India, its benefits, constitutional provisions, and operational mechanisms.
Explore the Customs Authoritys detailed order on the classification of Bronze Cladding Panels (BCP) imported by Larsen & Toubro Limited (CAAR Mumbai).
Explore adjudication order No. ROC(M)/ATCL/Sr. No. 7/ADJ-ORDER/690-692 issued on 25 APR 2024, penalizing ALORA TRADING CO LTD for violating Section 92 of Companies Act, 2013.
RBI warns against Talk Charge Technologies Pvt. Ltd. issuing unauthorized prepaid payment instruments. Learn about RBI’s directives and how to stay safe.
Explore the key amendments in the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2024, impacting fund operations, encumbrance rules, and dissolution periods.
Delve into the detailed analysis of the ITAT Jabalpur’s decision in the case of Kalyanika Infra Mega Ventures Pvt. Ltd. Vs Dy.C.I.T., exploring the implications of the judgment.
