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MCA imposes Penalty of Rs. 7 Crore for Violation in Private Placement of Shares of Rs. 1 Crore

April 3, 2024 41751 Views 0 comment Print

Ministry of Corporate Affairs fines Planify Capital Ltd. Rs. 7 Crore for breaching Companies Act with unauthorized securities issuance and advertising. Read more.

SAED on Petroleum Crude Production Increased to Rs. 6800 per Tonne wef 04.04.2024

April 3, 2024 264 Views 0 comment Print

Ministry of Finance introduces Notification No. 11/2024 to amend Central Excise Act, raising Excise Duty on Petroleum Crude to Rs. 6800 per tonne.

TRAI releases Consultation Paper on National Broadcasting Policy-2024

April 2, 2024 555 Views 0 comment Print

Telecom Regulatory Authority of India (TRAI) has today released a Consultation Paper on ‘Inputs for formulation of National Broadcasting Policy-2024’.

Export of 1,000 MT of Kala Namak rice under HS Code 1006 30 90

April 2, 2024 402 Views 0 comment Print

Learn about the latest DGFT notification allowing export of 1,000 MT of Kala Namak rice under HS Code 1006 30 90. Find out the policy conditions and authorized customs stations.

Master Circular 2024- Prudential norms on Income Recognition, Asset Classification & Provisioning pertaining to Advances

April 2, 2024 1821 Views 0 comment Print

Stay informed about RBI’s latest master circular on income recognition, asset classification, and provisioning for advances issued to commercial banks.

MCA Imposes Penalty: Non-Appointment of Woman Director by Listed Company

April 1, 2024 24324 Views 0 comment Print

Learn about the penalty imposed by the Ministry of Corporate Affairs for the non-appointment of a woman director by a listed company, including adjudication details and consequences.

RBI Master Circular 2024 on SHG-Bank Linkage Programme

April 1, 2024 612 Views 0 comment Print

Explore the updated Master Circular by Reserve Bank of India on SHG-Bank Linkage Programme, emphasizing financial inclusion and simplified procedures for banks.

Default in Filing of MGT-14 (Violation of Section 117(1): MCA imposes ₹4 Lakh Penalty

April 1, 2024 6495 Views 0 comment Print

Social Growth Nidhi Limited faces penalties for violating Section 117(1) of the Companies Act by defaulting in MGT-14 filings, leading to financial repercussions.

Section 179(3)(f) Companies Act 2013 Violation: ₹1.75 Lakh Penalty imposed

March 28, 2024 789 Views 0 comment Print

Explore the implications of violating Section 179(3)(f) of the Companies Act 2013 as MCA imposes a penalty of Rs. 1.75 lakh on M/s. Martin Realty Private Limited.

MCA Fines Rs. 2 Lakh for Misreported Related Party Transaction

March 28, 2024 336 Views 0 comment Print

MCA imposes Rs. 2 Lakh penalty on M/s. D P F Textiles Pvt Ltd for inaccurate disclosure of Related Party transaction value under Section 134 of Companies Act, 2013.

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