ROC Bangalore issued a penalty order against four directors of SHASHWATHA NIDHI LIMITED for violating Section 450 of the Companies Act, 2013, relating to inadequate allottee details in a 2017 filing.
ROC Bangalore issued an adjudication order against REWARD360 Global Services Pvt. Ltd. for violating Section 134 of the Companies Act, 2013, regarding incomplete Board Report disclosures for FY 2018-21.
ROC Bangalore adjudicates penalty against four directors of SHASHWATHA NIDHI LIMITED for violating Section 42(8) of the Companies Act by failing to provide complete allottee details (PAN, email, consideration particulars) in Form PAS-3 filed in 2017.
The company and its directors were penalized for not filing Form CHG-1 to register secured vehicle loans as required under Section 77 of the Companies Act, 2013. The adjudicating officer held that non-filing attracts penalties on both the company and officers in default.
Analysis of Indian income tax rates for AY 2025-26 & 2026-27. Covers the Old vs. Default 115BAC regimes, corporate tax concessions, Surcharge, HEC, and AMT/MAT rules.
ITAT Chennai held that revisional powers under Section 263 cannot be used to substitute the Assessing Officer’s view when proper enquiry was conducted. The AO’s acceptance of business loss and PF/ESI deductions was valid.
PFRDA introduces new guidelines and a revised form for NPS subscriber onboarding. Learn about the updated digital and physical registration modes, various KYC options, and how CKYC/Bank CBS data simplifies enrollment.
CBDT’s new Compounding of Offence Guidelines (2024) simplify the process but maintain strict compliance rules. Learn about eligibility, non-refundable fees, mandatory payment of all outstanding tax dues, the structure of compounding charges for offences like TDS/TCS default or tax evasion (Sec. 276C), and rules for late applications.
PFRDA Circular 16 rationalizes NPS Auto Choice/Life Cycle Fund nomenclature for better transparency, renaming them to reflect risk (Low to Aggressive). It integrates them into the new Common Schemes (CS) under the Multiple Scheme Framework (MSF).
The ITAT held a reassessment under sections 144/147 void due to the absence of a mandatory 143(2) notice. Revenue’s claim that participation cures defects under 292BB was rejected, emphasizing strict compliance with statutory notice requirements.
