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Archive: 04 December 2024

Posts in 04 December 2024

RBI Guidelines on Prior Approval for Changes in Control of NBFC

December 4, 2024 6477 Views 0 comment Print

RBI mandates prior approval for changes in control, shareholding, and management of NBFCs. Non-compliance could result in severe penalties, including registration cancellation.

India’s Startup Boom Transforming Entrepreneurship and Economic Growth

December 4, 2024 1017 Views 0 comment Print

India’s startup ecosystem is booming, fueled by government initiatives, young entrepreneurs, and investor interest, reshaping entrepreneurship and the economy.

Board Meeting Requirements and Compliance under Companies Act 2013

December 4, 2024 31743 Views 0 comment Print

Understand the rules for board meetings, quorum, notice, and minutes as per the Companies Act, 2013, including frequency and participation guidelines.

Labour Court’s Factual Findings Shouldn’t Be Disturbed by a writ court Without Compelling Reasons: SC

December 4, 2024 849 Views 0 comment Print

Supreme Court upholds Labour Court’s factual findings, reinstating a dismissed employee while denying back wages. Read the Ganapati Bhikarao Naik judgment highlights.

Adjudication of Multiple Show Cause Notices In GST

December 4, 2024 23895 Views 0 comment Print

The Kerala SGST guidelines address the adjudication of multiple Show Cause Notices, ensuring consistency in decision-making across multiple authorities.

CoC can decide to liquidate Corporate Debtor before resolution plan confirmation: NCLAT

December 4, 2024 597 Views 0 comment Print

NCLAT affirms CoC’s authority under IBC Section 33 to liquidate a Corporate Debtor before resolution plan confirmation. CoC’s commercial decisions are non-reviewable.

Compliance of Section 75(4) of GST Act is mandatory: Allahabad HC

December 4, 2024 1182 Views 0 comment Print

Allahabad HC set aside the GST demand and penalty in Party Time Hospitality Vs State of U.P. case, remanding it for fresh hearing in accordance with GST Act.

Section 130 of CGST Act Inapplicable for Excess Stock found at the time of survey

December 4, 2024 3609 Views 0 comment Print

Allahabad HC: Excess stock findings during surveys under GST cannot invoke Section 130 without proven tax evasion intent. Tax determination under Section 73/74 applies.

EPFO Extends UAN Activation and Aadhaar Seeding Deadline

December 4, 2024 1209 Views 0 comment Print

EPFO extends UAN activation and Aadhaar-bank account seeding deadline for employees under ELI scheme to December 15, 2024. Employers urged to ensure compliance.

Anti-Dumping Duty Imposed on Glass Imports from China, Vietnam

December 4, 2024 5637 Views 0 comment Print

India imposes provisional anti-dumping duty on textured tempered glass from China and Vietnam to protect domestic industry. Effective for six months.

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