Courts and regulators now treat related party transactions as a core governance issue rather than procedural compliance. The key takeaway is that boards must demonstrate real oversight under Section 188.
The Court found that the explanation regarding dividend income was on record but not examined. Reopening based on an incorrect recording of facts was held to be invalid.
The Codes reduce filings, decriminalise offences, and digitise processes. However, expanded social security obligations increase compliance costs for many sectors.
The article argues that unilateral tariffs and coercive trade measures undermine trust and destabilise alliances. It warns that transactional diplomacy weakens the global order.
High Court quashed the adjustment made in the intimation under Section 143(1) disallowing deduction under Section 10B and declared the rectification order to be null and void as allowability of deduction under Section 10B was examined during regular assessment proceedings and accepted
Punjab and Haryana High Court held that bail application in the matter of fake GST input tax credit is allowed since investigation in the case is already completed and petitioner has been suffering from serious ailment. Accordingly, bail granted on medical ground.
ROC Chennai held that failure to include key disclosures in the Board’s Report violates Section 134. Directors were penalised for statutory non-compliance.
ROC Chennai held that omission of allottee occupation in the return of allotment violates Rule 12(2). The lapse attracted penalty under the residual provision of Section 450.
Non-furnishing of full allottee information resulted in rejection of statutory filings and imposition of penalty. The ruling reinforces strict disclosure norms for allotments.
ROC Chennai held that delayed filing of Board resolutions approving financial statements violates Section 117. The company and directors were penalised for prolonged non-compliance.
