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Archive: 07 January 2025

Posts in 07 January 2025

Independent Directors of Company failed to hold a separate meeting: MCA imposes Penalty

January 7, 2025 1809 Views 0 comment Print

Anheuser Busch InBev India Limited fined ₹9,00,000 for failing to hold mandatory independent directors’ meetings under Section 149 of the Companies Act, 2013.

Re-assessment notice issued to merged entity is void-ab-initio: ITAT Mumbai

January 7, 2025 1893 Views 0 comment Print

ITAT Mumbai held that notice for re-assessment proceeding under section 148 of the Income Tax Act issued on a non-existing entity i.e. merged entity is void ab initio and hence is liable to be quashed.

Penalty Imposed for Non-Compliance with Women Director Requirement

January 7, 2025 1722 Views 0 comment Print

Godrej Tyson Foods Ltd. penalized for failing to appoint a woman director under Section 149(1) of the Companies Act. Penalty includes fines for the company and officers.

Panchnama Isn’t a Seizure Memo; Officer Must Record Reasons

January 7, 2025 2418 Views 0 comment Print

The Customs officials intercepted and seized the truck in Muzaffarpur, State of Bihar. The vehicle was taken to the Customs office and the vehicle and Areca Nut goods were seized in the Customs office.

सुप्रीम कोर्ट ने अमेजन-फ्लिपकार्ट मामले कर्नाटक HC भेजे

January 7, 2025 852 Views 0 comment Print

अमेजन और फ्लिपकार्ट पर CCI के प्रतिस्पर्धा कानून उल्लंघन के मामले कर्नाटक हाईकोर्ट में स्थानांतरित। सुनवाई 15 जनवरी 2025 से शुरू होगी।

GSTN Enabled Rectification Application Under GST Notn. 22/2024

January 7, 2025 29760 Views 0 comment Print

Taxpayers can now file rectification applications for ITC demand orders under GST Notification 22/2024. Learn the process and download required forms online.

Internal Audit Applicability Under Companies Act 2013

January 7, 2025 5535 Views 0 comment Print

Learn about internal audit obligations under Section 138 of the Companies Act, 2013, including criteria, auditors, and penalties for non-compliance.

A Detailed Analysis on Corporate Social Responsibility (CSR)

January 7, 2025 6435 Views 0 comment Print

Learn about CSR under the Companies Act, 2013, including its applicability, compliance, governance, spending requirements, and impact on businesses and society.

TDS-TRACES Issues Arising Post Aadhaar-PAN Linking

January 7, 2025 2589 Views 0 comment Print

Taxpayers face TDS demands post Aadhaar-PAN linking despite compliance. Key issues include undue demands, lack of redressal, and rising litigation concerns.

Procedure of Applying for BIS Hallmark Registration

January 7, 2025 2202 Views 0 comment Print

Learn the BIS certification process for products and hallmark registration for jewelry, including steps, fees, and benefits like compliance and market credibility.

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