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Archive: 08 January 2025

Posts in 08 January 2025

MCA Penalizes Company for Failing to Approve Financial Statements & Board Reports

January 8, 2025 321 Views 0 comment Print

MCA imposes penalties on BCL Homes Ltd for breaching Section 179(3) of the Companies Act, 2013. Detailed penalties include Rs. 2,00,000 on the company and fines on directors.

Non-Appointment of Independent directors: MCA imposes Penalty

January 8, 2025 240 Views 0 comment Print

Adjudication of penalties on BCL Homes Ltd for violating Section 149(4) of the Companies Act, 2013. Details of penalties on the company and its officers.

MCA Penalizes Company & Directors for Excessive Borrowing Without shareholders Approval

January 8, 2025 276 Views 0 comment Print

Registrar of Companies penalizes BCL Homes Ltd for non-compliance with Section 180(1)(C) of the Companies Act, 2013. Learn about penalties and adjudication process.

Non-Compliance with Sections 177 & 178: MCA penalises Company & Direrctors

January 8, 2025 345 Views 0 comment Print

Details of penalties imposed on BCL Homes Ltd. for non-compliance with Sections 177 & 178 of the Companies Act, 2013, as per MCA order dated 08/01/2025.

Company & Directors Penalized for Failing to Issue Securities in Dematerialized Form

January 8, 2025 342 Views 0 comment Print

The Registrar of Companies penalized BCL Homes Limited and its directors for violating Section 29(1)(b) of the Companies Act, 2013. Learn about the adjudication process.

Delay in submission of physical certified copy of order for appeal u/s. 107 under GST condoned

January 8, 2025 381 Views 0 comment Print

Delhi High Court held that delay in submission of physical copy of certified order condoned since online filing of an appeal u/s. 107 of CGST Act, 2017 along with order within time limit.

Interest income from business activity classified as business income and hence relevant expenses allowed

January 8, 2025 573 Views 0 comment Print

ITAT Ahmedabad held that interest income earned from business activity is classifiable as business income and accordingly, relevant expenses allowed as deduction. Hence, appeal of the assessee allowed.

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