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Archive: 16 May 2024

Posts in 16 May 2024

ICAI Sanctions CA for issuing a misleading certificate on IPO fund utilization

May 16, 2024 6648 Views 0 comment Print

ICAI has barred CA Vishal Chandra Gupta for 6 months for issuing a misleading certificate on IPO fund utilization, citing professional misconduct.

Alert against incidents of ‘Blackmail’ and ‘Digital Arrest’ by Cyber Criminals

May 16, 2024 717 Views 0 comment Print

Beware of scams impersonating law enforcement agencies like NCB, CBI, RBI. Report incidents to cybercrime helpline 1930. Stay vigilant!

Falsification of accounts & unaccounted Sales: CA Penalized by ICAI

May 16, 2024 741 Views 0 comment Print

The ICAI Disciplinary Committee has found CA Vishnu Bhagat guilty of professional and other misconduct in the Reebok India Company fraud case, leading to a three-year membership removal and a Rs. 2 lakh fine.

First set of citizenship certificates after notification of Citizenship Rules issued

May 16, 2024 426 Views 0 comment Print

Read about the issuance of the first citizenship certificates under the Citizenship (Amendment) Rules 2024 by the Ministry of Home Affairs. Details here.

Dismissal From Service for being Absent from Place of Work for Just Few Hours is Disproportionate: Bombay HC

May 16, 2024 1560 Views 0 comment Print

Bombay HC criticizes Labour Court, deems dismissal for brief absence disproportionate. Read the landmark judgment’s insights here.

Falsification of accounts at Reebok India Company, Imposes Fine

May 16, 2024 1032 Views 0 comment Print

ICAI Disciplinary Committee found CA Anand Agarwal guilty of misconduct in Reebok India case, barring him for one year and imposing a ₹1 lakh penalty.

Patna HC Grants Interim Stay in Service Tax Case: Order Passed After 1-Year Deadline

May 16, 2024 882 Views 0 comment Print

Patna High Court grants interim stay on service tax case due to violation of FA, 1994. Union asked for reasons behind delay. Awaiting positive outcome.

No Knowledge of Concealed Smuggled Gold: CESTAT Kolkata Deletes Penalty

May 16, 2024 567 Views 0 comment Print

CESTAT Kolkata: Shri Vijay Kumar versus Commissioner of Central Excise – penalties under Customs Act section 112 deleted as no knowledge of gold concealed in bags.

Regulatory Framework for Foreign Companies under Companies Act 2013

May 16, 2024 3537 Views 0 comment Print

Article explains provisions of Chapter XXII of Companies Act, 2013, governing establishment & commencement of operations by foreign companies in India.

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