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Archive: 04 September 2025

Posts in 04 September 2025

Intervention petition u/s. 65 of IBC revived as application not filed to derail CIRP

September 4, 2025 738 Views 0 comment Print

NCLAT Delhi held that order rejecting application for intervention under section 65 of the Insolvency and Bankruptcy Code is set aside and intervention petition is revived since application is not filed to derail CIRP. Accordingly, appeal disposed of.

ROC imposes Penalty for delay in filing Form INC-20A

September 4, 2025 1185 Views 0 comment Print

The Registrar of Companies has imposed penalties on DAY1 ADVISORS PRIVATE LIMITED and its directors for a 59-day delay in filing Form INC-20A under the Companies Act.

NSE Releases FAQs on Related Party Transaction Norms

September 4, 2025 3072 Views 0 comment Print

The NSE has issued FAQs clarifying new industry standards for Related Party Transactions. The document explains disclosure requirements and applicability for listed companies.

No Sale Beyond the Grave: Death Ends Authority -Rajasthan HC Cancels Land Transfer Based on Dead Man’s Power of Attorney

September 4, 2025 2988 Views 0 comment Print

Rajasthan High Court canceled a land transfer, ruling that a power of attorney becomes void upon the death of person who issued it. Sale of a deceased person’s share was found to be invalid.

Seized Records Prove Brokerage, Yet Income Must Be Realistic: ITAT Jaipur

September 4, 2025 444 Views 0 comment Print

ITAT Jaipur provides relief to Sharad Kumar Choradia. Though seized records prove bro-kerage, the court remands the case, ordering a realistic re-evaluation of income and a deduction for expenses.

GST Next Gen Reforms

September 4, 2025 5415 Views 0 comment Print

The recent GST Council meeting has performed a major rejig of the GST rate slabs and amended GST rates on various products across sectors. It is important for businesses to keep track of the revised rates on their products and services and also understand the impact of these rate changes on existing and running contracts.

Time Calculated by Calendar, Not Clock: Jharkhand HC Quashes IT Notices for AY 2017-18

September 4, 2025 855 Views 0 comment Print

The Jharkhand High Court has quashed a tax notice issued to Ravi Singh Bhatia, ruling that authorities failed to consider his reply to a show-cause notice.

Adapting to Change: How Company Secretaries Are Redefining Their Role

September 4, 2025 1050 Views 0 comment Print

Explore how the role of a company secretary has transformed from a traditional administrative position to a strategic governance professional in the modern corporate world.

Objectivity and Independence for Professional Accountants

September 4, 2025 858 Views 0 comment Print

This article explores the core principles of objectivity and independence for professional accountants in audit and consulting roles, outlining common threats and safeguards.

Auditor Reports Around the World: A Comparative Analysis

September 4, 2025 1287 Views 0 comment Print

This guide compares auditor report wording and structure across major global jurisdictions, including the US, UK, EU, and India.

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