Sole issue for determination is ‘whether amendment made by Finance Act, 2014 to Section 40(a)(ia) is to be applied retrospectively or not’.
Menzies Aviation Bobba (Bangalore) Private Limited failed to appoint a whole-time company secretary (CS) within the prescribed time frame, resulting in a violation of Section 203 of the Companies Act, 2013 for a period of 730 days. The managing director, Mr. Bobba Veerasamynathan, has been held liable for the violation. The order imposes a penalty […]
Resonance Eduventures Ltd faces a 7 lakh penalty from MCA for not constituting an audit committee, violating Section 177 of Companies Act 2013. Details here.
Registrar of Companies in Rajasthan penalizes Resonance Eduventures for not constituting an audit committee, imposing a 7 Lakh penalty.
Regulated Entities (REs) have been extensively leveraging Information Technology (IT) and IT enabled Services (ITeS) to support their business models, products and services offered to their customers. REs also outsource substantial portion of their IT activities to third parties, which expose them to various risks.
Online application for redemption/closure of licence may be submitted by navigating to DGFT website –> Services –> AA / EPCG –> Closure of Advance Authorisation / Closure of EPCG.
Notification No. 17/2023-Inome Tax Dated: 6th April, 2023- CBDT notifies revised jurisdictions under sub clause (ii) of clause (D) of the Explanation to clause (6) of rule 114F of the Income Tax Rules 1962 by amending principal notification no. 78/2018 dated 5th November, 2018. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New […]
The National Startup Awards 2023 aim to recognize and reward outstanding startups that have demonstrated exceptional capabilities and have built innovative, scalable and impactful business solutions. These awards will be conferred across 20 categories this year. Only Startups can apply for National Startup Awards 2023. DPIIT Recognition is a simple online process where an ‘eligible’ […]
SEBI issued a circular on Advertisement code for Investment Advisers (IA) and Research Analysts (RA) to further strengthen the conduct of IAs and RAs, while issuing any advertisement. Circular specifies Forms of communication, Information/disclosures in the advertisement, Prohibitions in the advertisement and Other compliances/requirements. Securities and Exchange Board of India Circular No. SEBI/HO/MIRSD/ MIRSD-PoD-2/P/CIR/2023/51 Dated: April […]
As per the provisions of Section 10A(1), a newly incorporated company with share capital must file a declaration within 180 days of incorporation, confirming that every subscriber to the memorandum has paid the value of the shares agreed upon. The company also needs to verify its registered office details. However, Vena Energy Aura Private Limited failed to fulfill these requirements.
