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Archive: 05 July 2025

Posts in 05 July 2025

MCA V2 to V3 Form Transition: Key Changes & Filing Improvements

July 5, 2025 4131 Views 0 comment Print

Explore the MCA’s transition of forms from V2 to V3, including auto-prefill, linked web-based documents, revised filing options, and enhanced data validation for corporate compliance.

Reappointment of Additional Directors Without Regularization: Apparent vs Adequate Compliance

July 5, 2025 942 Views 0 comment Print

Under Section 161(1) of the Companies Act, 2013, the Board of Directors may appoint an Additional Director, but such a director shall hold office only up to the date of the next Annual General Meeting (AGM) or the last date on which the AGM should have been held, whichever is earlier.

Section 130 CGST Not Invokable for Excess Stock: Allahabad HC

July 5, 2025 660 Views 0 comment Print

The Allahabad High Court ruled that excess stock does not warrant proceedings under Section 130 of the CGST Act, affirming that Sections 73 and 74 apply. Orders were quashed, and refunds directed.

GST Refund Cannot Be Denied by Disregarding Binding HC Order where no stay or appeal is pending

July 5, 2025 882 Views 0 comment Print

Delhi High Court rules GST refunds cannot be denied by disregarding a binding High Court order without a pending appeal or stay, directing prompt processing.

Tax Implications on Sale of Jointly Held Properties

July 5, 2025 14181 Views 2 comments Print

Understand capital gains tax on jointly held properties in India. Learn about beneficial ownership, funding patterns, clubbing provisions, and Section 54 exemptions for co-owners.

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