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Archive: 11 June 2024

Posts in 11 June 2024

Late Issuance of Share Certificates: MCA imposes ₹2 Lakh penalty

June 11, 2024 8895 Views 0 comment Print

Mozarc Medical India Private Limited penalized for late share certificate issuance, violating Section 56(4)(a) of Companies Act, 2013. Penalty details inside.

Lack of Required Independent Directors: MCA RD Upholds Rs. 9.75 Lakh Penalty

June 11, 2024 228 Views 0 comment Print

Khed Developers’ appeal against the penalty for lacking independent directors was denied. The Rs. 9.75 lakh penalty remains, reaffirming the importance of compliance.

Non-appointment of CS: MCA RD upheld Penalty of Rs. 17.25 Lakh

June 11, 2024 237 Views 0 comment Print

Khed Developers Limited’s appeal against a ₹17.25 lakh penalty for non-appointment of a Company Secretary was denied. Read about the Regional Director’s decision.

Non-Filing of Section 187C(1) Declaration: MCA RD Upholds Rs. 14.95 Lakh Penalty

June 11, 2024 276 Views 0 comment Print

Yapp India challenges a Rs. 14.95 lakh penalty imposed for non-filing under Section 187-C(1) of the Companies Act.

Tax Avoidance and Invocation of GAAR: Case of Ayodhya Rami Reddy Alla

June 11, 2024 3336 Views 1 comment Print

Explore the Ayodhya Rami Reddy Alla vs PCIT case, delving into GAAR vs SAAR implications. Understand the Telangana High Court’s ruling on tax avoidance and the invocation of GAAR.

On Economy, GST and Elections

June 11, 2024 738 Views 0 comment Print

Insights on Indias robust economy, post-election government, GST updates, and revenue growth. Analysis of NSO data, election outcomes, and GST revenue trends.

Appeal Filing Delay Condonable if appellant prevented by sufficient cause

June 11, 2024 1014 Views 0 comment Print

Tamil Nadu AAAR holds delay in appeal filing can be condoned if appellant proves sufficient cause. Analysis of M/s. Faiveley Transport Rail Technologies case.

A fresh SCN should be issued to revise demand raised in SCN: Madras HC

June 11, 2024 981 Views 0 comment Print

Madras HC rules a fresh Show Cause Notice is necessary to revise tax demand in an order, invalidating the Impugned Order in M/s. Vela Agencies case.

DGFT amends import policy of specific gold jewelry

June 11, 2024 1359 Views 0 comment Print

India’s Directorate General of Foreign Trade revises import policy for gold jewelry with ITC HS codes under Chapter 71. New rules effective immediately.

ICAI Convocation July – 2024- For newly enrolled Members – Date & Cities

June 11, 2024 27139 Views 0 comment Print

Discover the ICAI Convocation July 2024 dates and locations for new members and CA Final Rank Holders. Get ready to receive your Certificate of Membership!

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