The amendment changes KYC filing from annual to a three-year cycle. It clarifies timelines and reduces compliance burden while maintaining periodic verification requirements.
The issue was whether share transactions constituted business income or capital gains. The Court upheld investor status based on consistent treatment and factual findings, dismissing the Revenue’s appeal.
The Court held that cancellation cannot be applied retrospectively unless the show cause notice clearly proposes such action. Orders exceeding the scope of the notice are legally unsustainable.
The Court held that retrospective cancellation requires clear justification and cannot be applied mechanically. In absence of reasons, the effective date was revised to the show cause notice date.
AI Adil Trader Vs Deputy State Tax Officer (Telangana High Court) The Telangana High Court examined the validity of a show cause notice dated 01.11.2024 and a consequential order cancelling GST registration dated 16.01.2025, both challenged under Article 226 of the Constitution. The petitioner contended that the show cause notice was defective as it failed […]
The issue concerns holding multiple DINs in violation of law. The key takeaway is that surrender must be followed by penalty adjudication to ensure full compliance.
The issue concerns procedural requirements for appointing a new director in a general meeting. The key takeaway is that prior notice, deposit, and shareholder approval are mandatory conditions.
The Bill focuses on easing compliance and decriminalising minor offences. It introduces streamlined procedures and enhanced governance measures.
The article clarifies that companies are not required to complete annual filings for years in which no business activity was carried out. Filing obligations apply only up to the last operational year, provided proper disclosures are made.
The issue concerns whether companies can distribute funds before applying for strike off. It is clarified that presence of assets mandates formal winding up under law.
