For nearly three decades, the India-Mauritius DTAA of 1983 was the golden corridor for foreign capital flowing into India. At its peak, Mauritius accounted for over 30 per cent of cumulative foreign direct investment into India, a number that tells lesser about Mauritius’s economic might and screams more about the architecture of global capital structuring. […]
The issue involved non-compliance with mandatory internal auditor appointment requirements. The authority imposed penalties as the company exceeded the turnover threshold but failed to comply. The takeaway is that audit requirements are strictly enforced.
HUF allows families to create a separate tax entity with its own PAN and ITR, enabling income splitting and slab-wise benefits. This reduces overall tax liability when income is distributed lawfully.
The ROC imposed penalties on directors for not maintaining the mandatory register of members. The key takeaway is that statutory registers must be maintained at all times. Non-compliance attracts fixed penalties.
Form 130 becomes the new TDS certificate from April 2026 under the 2025 Act. The key takeaway is that the format changes, but the core purpose remains the same.
The case addresses non-disclosure of directors’ interests in related entities. Authorities imposed penalties, reinforcing strict compliance with Section 184 disclosure requirements.
The authority penalized directors for entering into non-cash transactions without prior approval through a special resolution. It reinforces that shareholder consent is mandatory for such arrangements under Section 192.
The law defines business broadly to include trade, commerce, and even single transactions. The key takeaway is that intent and nature of activity determine tax treatment.
The authority penalized the company for submitting incomplete and inconsistent member data under Rule 14(6). It held that technical issues or pending approvals do not justify defective statutory disclosures, reinforcing strict compliance standards.
The authority penalized the company for failing to file return of allotment under Section 39(4), rejecting the argument of MCA portal issues. The key takeaway is that technical difficulties do not excuse statutory non-compliance.
