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Archive: May, 2024

Posts in May, 2024

Violation of Section 101(1) of Companies Act: MCA Imposes Rs. 3 Lakh Penalty

May 28, 2024 732 Views 0 comment Print

Learn about MCAs penalty on Longcheng Composites Pvt Ltd for breaching Section 101(1) of the Companies Act. Detailed analysis, implications, and adjudication process discussed.

Companies Act Section 64(1)(a) Violation: MCA Imposes Penalty

May 28, 2024 600 Views 0 comment Print

Explore the implications of violating Section 64(1)(a) of the Companies Act as MCA levies a penalty on Longcheng Composites Private Limited and its officers.

Companies Act Section 62(1)(a) Violation: MCA Imposes ₹3 Lakh Penalty

May 28, 2024 720 Views 0 comment Print

Read about the adjudication order penalizing Longcheng Composites Pvt. Ltd. for violating Section 62(1)(a) of the Companies Act. Detailed analysis and implications.

Reversal of Erroneously Availed ITC TRAN-I: HC directs re-adjudication

May 28, 2024 573 Views 0 comment Print

Delhi High Court considers the non-application of mind by the Proper Officer, directing re-adjudication on reversal of erroneously availed ITC TRAN-I.

Wrong Address on Form PAS-3/SH-7 & Financials: MCA Imposes Rs. 3 Lakh Penalty

May 28, 2024 498 Views 0 comment Print

Longcheng Composites Private Limited faces penalties from MCA under Section 12(3)(c) of the Companies Act for incorrect registered office address on PAS-3, Financial Statements & SH-7.

Executing Court Empowered to Verify Arbitral Award Stamping: MP HC

May 28, 2024 228 Views 0 comment Print

Dive into the legal intricacies of Brajesh Kumar Pannalal’s challenge against Indusind Bank over arbitration award enforcement. Insights from Madhya Pradesh High Court.

Allahabad HC: Rs 50k Fine for False Affidavits in Widow’s Property Case

May 28, 2024 459 Views 0 comment Print

Allahabad High Court imposes Rs 50k penalty for submitting false affidavits to acquire widow’s property. Detailed analysis of Santosh Kumar And 2 Others Vs Board of Revenue.

Revenue Division Officer can issue Occupancy Rights Certificates in ‘Service Inam’ Land Cases: Telangana HC

May 28, 2024 651 Views 0 comment Print

Telangana High Court upholds jurisdiction of Revenue Division Officer (RDO) to grant Occupancy Rights Certificates in ‘Service Inam’ land cases. Detailed analysis of Mir Sadath Ali vs. Joint Collector case.

Delhi HC Transfer nascent winding up proceedings to NCLT

May 28, 2024 252 Views 0 comment Print

Delhi HC held that winding up proceedings pending before High Courts, which are at a nascent stage and have not progressed to an advanced stage, ought to be transferred to NCLT.

Honesty of assessee cannot attract penalty under Section 271(1)(c)

May 28, 2024 6348 Views 0 comment Print

The Kerala High Court rules that additional income disclosed voluntarily cannot be treated as concealed income under Section 271(1)(c) of the Income Tax Act.

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