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Non-appointment of CS- MCA Reduces Penalty from Rs. 15 Lakh to Rs. 2.25 Lakh

February 1, 2024 492 Views 0 comment Print

Appellants contested an adjudication order for failing to comply with Section 203 of the Companies Act, 2013, which mandates the appointment of a whole-time company secretary for companies with a paid-up capital exceeding Rs. 5 crores.

Classification of DWDM & OTN Technology: CAAR rejects Application

February 1, 2024 963 Views 0 comment Print

Explore the Customs Authority’s decision on the classification of Dense Wavelength Division Multiplexers (DWDM) and Optical Transport Network (OTN) technology in the case of Nokia Solutions and Networks India. Understand the implications and resolution of the classification dispute.

Consultation paper on IFSCA (Payments Regulatory Board) Regulations, 2024

February 1, 2024 597 Views 0 comment Print

IFSCA invites public feedback on proposed Payments Regulatory Board Regulations 2024. Explore key objectives, background, and how to contribute. Deadline: February 23, 2024.

IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2024

January 31, 2024 1803 Views 0 comment Print

Explore the latest amendments by Insolvency and Bankruptcy Board of India in Voluntary Liquidation Process Regulations 2017. Stay informed on changes for corporate dissolution.

Aadhaar (Authentication and Offline Verification) Amendment Regulations, 2024

January 31, 2024 1788 Views 0 comment Print

Explore the latest amendments to the Aadhaar (Authentication and Offline Verification) Regulations in 2024. Learn about e-KYC and Yes/No authentication changes, process updates, and their impact.

MCA Imposes Penalty of Rs. 16 Lakh for Directors Remuneration Payment of Rs. 19.6 Lakh

January 31, 2024 40131 Views 0 comment Print

Read about the penalty order against Seva Parmodharmah Samajik Nidhi Limited by the Ministry of Corporate Affairs for exceeding director’s remuneration limits under Companies Act, 2013.

Non inclusion of DIN of directors in Director’s Report: MCA imposes Penalty

January 31, 2024 672 Views 0 comment Print

Ashapuram Nidhi Ltd and its directors penalized for not mentioning DIN in the 2018 financial report. Total penalty of ₹2 lakh imposed by ROC West Bengal.

ICAI CPE Statement 2023: Guidelines for Continuing Professional Education

January 30, 2024 2523 Views 0 comment Print

Stay updated with the latest CPE guidelines from ICAI. Learn about the Statement on Continuing Professional Education, 2023, ensuring compliance for enhanced professional competence.

Delhi HC Upholds Validity of Anti-Profiteering Provisions Under GST

January 30, 2024 5616 Views 0 comment Print

Reckitt Benckiser India Private Limited Vs Union of India & Ors (Delhi High Court) The Delhi High Court has upheld the validity of the anti-profiteering provisions under the Goods and Services Tax (GST) law, marking a significant development in India’s taxation landscape. The anti-profiteering provisions under the GST law were introduced to ensure that businesses […]

MCA imposes Penalty for Share Allotment Without Subscription Money (Section 39(1) Violation)

January 30, 2024 3354 Views 0 comment Print

Explore the adjudication order against Tridib Industries Limited by the Registrar of Companies for violating Section 39 of the Companies Act, 2013. Details, penalties, and implications.

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