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Review of timelines for listing of securities issued on a private placement basis 

November 30, 2022 1611 Views 0 comment Print

In order to bring about clarity and standardization in the process of issuance and listing of such securities, on private placement basis, a list of the steps involved, pre-listing and post-listing, and relevant timelines have been detailed, both through Electronic Book Provider (EBP) platform and otherwise.

Incorporation of new policy condition against Organic Non-Basmati Broken Rice

November 29, 2022 1665 Views 0 comment Print

Export of Organic Non-basmati rice, including Organic Non-basmati broken rice, will be governed as per provisions under Notification No.03/2015-2020 dated 19th April, 2017 – Notification No. 45/2015-2020-DGFT | Dated:  29th November, 2022.  Government of India Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Notification No. 45/2015-2020-DGFT | Dated:  29th November, 2022 Subject: […]

Extension of Requirement of Health Certificate accompanied with import of food consignments-reg

November 28, 2022 651 Views 0 comment Print

Amendment to Instruction No 18/2022-Customs dated 12.08.2022 and 26/2022-Customs dated 06.10.2022 regarding extension of Requirement of Health Certificate accompanied with the import of food consignments-

ADD on Cast Aluminum Alloy Wheels or Alloy Road Wheels used in motor vehicles

November 28, 2022 1110 Views 0 comment Print

Anti-dumping Duty on Cast Aluminum Alloy Wheels or Alloy Road Wheels (ARW) used in motor vehicles originating or exported from China PR – Notification No. 30/2022 – Customs (ADD) | Dated: 28th November, 2022 – Seeks to Amend Notification No.17/2019-Customs (ADD) Dated 9th April, 2019. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 30/2022 […]

Comprehensive Pre-Budget 2023-24 Memorandum by CAAS

November 28, 2022 7551 Views 0 comment Print

Chartered Accountants Association Surat (CASS) Comprehensive Pre-Budget 2023-24 Memorandum by CAAS highlighting hardships and areas of improvement where Income-Tax can become taxpayer friendly tax. Sr. No. Existing provision under the I. T. Act, 1961 Section 2 of Finance act: – Tax rates for non-corporate Tax payers 1 Difficulty / Issue 1) Tax rates for corporates […]

Time limit reduced to 21 days for submitting response to intimation u/s 245 by AO

November 28, 2022 4272 Views 0 comment Print

It is observed that, in certain cases, consequent to the issue of intimation u/s 245, the assessees had responded on the demand portal that the demands are incorrect, in as much as that the demands are stayed by Assessing Officer/ITAT/High Court.

MCA imposes penalty for not filing annual return

November 28, 2022 1182 Views 0 comment Print

Provisions of Section 92 of Companies Act, 2013 has been contravened by Moonbeam Vinimay Private Limited and its directors/officers and therefore they are liable for penalty u/s 92(5).

Violation of Section 137 of Companies Act, 2013 – MCA Penalises Company & Directors

November 28, 2022 1182 Views 0 comment Print

Company is in default for filing its Financial Statements for the financial years 2015­-16 to 2020-2021 with Registrar of Companies. Hence, this office has issued show cause notice for default under section 137 of Companies Act, 2013

MCA imposes penalty for default under section 137 of Companies Act, 2013

November 28, 2022 1449 Views 0 comment Print

As per MCA record, the company has not filed its Financial Statements for the financial years 2018-2019, 2019-2020 and 2020-2021 till date. Hence the Company and its directors/Officers in default are liable for penalty as per section 137(3) of the Companies Act, 2013.

MCA imposes penalty on company & directors for not filing Financial Statements

November 28, 2022 585 Views 0 comment Print

Provisions of Section 137 of Companies Act, 2013 has been contravened by company and its directors/ officers and therefore they are liable for penalty u/s 137(3)

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