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Archive: 04 July 2024

Posts in 04 July 2024

Delay in Share Certificate Issuance – Section 56(4): MCA imposes Penalty

July 4, 2024 5001 Views 0 comment Print

MCA imposes a penalty on T. Forrest & Sons India Pvt Ltd for delaying the issuance of share certificates, violating Section 56(4) of the Companies Act, 2013.

Non-Regularisation of Additional Director: MCA Imposes ₹3 Lakh Penalty

July 4, 2024 1656 Views 0 comment Print

Explore the implications of MCA penalizing TDMAX Manufacturing & Services Pvt Ltd for not regularizing an additional director under Section 161(1) of the Companies Act, 2013.

What If You Have Lost Your Debenture Certificate?

July 4, 2024 1254 Views 0 comment Print

Explore the implications of issuing duplicate debenture certificates under the Companies Act, 2013. Learn about legal remedies, as seen in Rajendra C. Butala Vs Mayur Uniquoters Limited (NCLT Jaipur).

Recovery from Contractors for Contract Breach or Non-performance: GST Taxable – AP AAR

July 4, 2024 2229 Views 0 comment Print

Discover if penalties for contract breaches are subject to GST as ruled by AP-AAR. Learn how liquidated damages impact tax liabilities under GST law.

IFSCA (Banking) (Amendment) Regulations, 2024

July 4, 2024 1035 Views 0 comment Print

Explore the latest IFSCA Banking Regulations Amendment 2024. Learn about new currencies added and the impact on international financial services centers.

Payment by Indian Entity to AE Abroad Not ‘FTS’ if No Technical Skill Provided: Bangalore ITAT

July 4, 2024 813 Views 0 comment Print

Learn how ITAT Bangalore ruled in favor of Herbalife India on technical service payments, clarifying FTS under India-USA DTAA. Detailed analysis and full judgment inside.

DRP’s Rejection of Belated Objections Doesn’t Extend Assessment Limitation: ITAT Delhi

July 4, 2024 1026 Views 0 comment Print

Delhi ITAT rules in Ares Diversified Vs ACIT that rejection of belated objections by DRP does not extend the limitation for passing final assessment U/s 144(4).

No party should be condemned unheard: ITAT Kolkata directs Fresh hearing

July 4, 2024 471 Views 0 comment Print

Read a detailed analysis of the ITAT Kolkata decision in Littlestar Projects Pvt. Ltd Vs ITO. Understand the implications of the ruling and its impact on taxation matters.

Calcutta HC Upholds 50% Interest Waiver on Property Tax | Saila Ghosh Case

July 4, 2024 393 Views 0 comment Print

Explore the Calcutta High Court’s decision in Saila Ghosh Vs State of West Bengal & Ors., upholding a 50% interest waiver on property tax. Detailed analysis and implications discussed.

SEBI Circular: Business Ease for Credit Rating Agencies – Timelines & Disclosures

July 4, 2024 1335 Views 0 comment Print

Explore SEBI latest circular enhancing ease of doing business for Credit Rating Agencies (CRAs) with updated timelines and disclosures. 

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