ROC Gwalior imposed penalties on a company and officers for using funds from a preferential issue before filing Form PAS-3. The ruling underscores compliance with Section 42(4) of the Companies Act.
ROC Ahmedabad levied penalties on a company and its Managing Director for delayed compliance with Section 149(4) and Section 172. The ruling emphasizes timely appointment of independent directors.
The MCA held the company and Managing Director liable for delayed appointment of a Company Secretary. The ruling reinforces personal liability of officers in default under Section 203(5).
Non-compliance with audit trail requirements led to penalties on both the company and its Managing Director. This ruling highlights personal liability of officers and the importance of updated software for statutory compliance.
The IBBI appellate authority ruled that DHFL insolvency compliance reports are confidential commercial information. Disclosure was limited, as records were not maintained in a segregated format.
The government notified a historic temple as eligible under Section 80G due to its cultural significance. Deductions apply only for renovation donations capped at ₹50 crore, valid until collection or March 2030.
NRIs and OCIs can now digitally onboard to NPS with relaxed physical presence requirements, while ensuring stringent KYC, anti-fraud, and geo-tagging measures.
Authority held that information sought had already been addressed in a prior appellate order and advised applicant to pursue appropriate remedies. key takeaway is that RTI appeals cannot reopen matters already adjudicated.
The Tribunal held that the reassessment was issued 45 days beyond the maximum permissible period under Rajeev Bansal (SC), making the 148 notice invalid. Applying the deemed-notice framework of Ashish Agarwal, it ruled that the AO had “zero surviving days” to act. The reassessment was quashed for being issued after the statutory outer limit.
The Tribunal invalidated an assessment passed without awaiting the Departmental Valuation Officer report, holding that provisional assessments violate section 50C(2) and 143(3). The rectification under section 154 based on later material was also impermissible.
