Share forfeiture can be defined as the process of a cancelling the shares allotted to the defaulting investors by the company. The shares thus cancelled, which were earlier allotted, are termed as forfeited shares. This means the company cancels or takes away the shares that the person owns.
Learn how to use the GSTR-2A/2B vs Books Reconciliation Tool effectively. Follow steps for updating data, reconciling, and reviewing results.
Understand the amended Section 230 of the Income Tax Act, 2024, clarifying when a tax clearance certificate is required for Indian residents traveling abroad.
Madras High Court allows Stem Infrastructure to contest tax demand due to accountants negligence, requiring a 10% deposit before reassessment.
Kerala High Court rules that GST cancellation orders based on invalid SCN formats (Form GST REG-31) are void, as seen in Kunhalavi N. v. State Tax Officer.
Address the issues of forced ESI registration and unwarranted compliance burdens on companies due to MCA’s default registration process.
Long Pendency And Prolonged Adjudication Shall Not Act To The Detriment of The Cause of Justice: Rajasthan HC It is definitely a matter of profound happiness to note that the Rajasthan High Court at Jodhpur in a most learned, laudable, landmark, logical and latest judgment titled Jubair Bhati vs Rajasthan High Court and Ors in […]
Gujarat HC grants bail to Krupeshbhai Rameshbhai Patel in ₹15.58 Cr fake ITC case involving 69 fictitious firms. Court cites conditions and safeguards.
ICAI disciplinary panel reprimands CA Rajendra Sharma, imposes ₹50,000 fine for professional misconduct in audit of a company, with possible suspension.
Review of the Supreme Court judgment in Uttar Pradesh Vs Virendra Bahadur Katheria on pay scales and the doctrine of merger in judicial decisions.
