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

November 28, 2022 1716 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 1935 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 792 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)

MCA imposes penalty on Company & Directors for Violation of section 92(4) of Companies Act

November 28, 2022 1128 Views 0 comment Print

Company has not filed its Annual Return for financial year 2015-16 to 2020-21 till date. Hence Company and its directors/Officers in default are liable for penalty as per section 92(5)

MCA imposes penalty on company & directors for not maintaining registered office

November 28, 2022 804 Views 0 comment Print

Provisions of Section 12 of Companies Act, 2013 contravened by company and its officers/managing director by not maintaining registered office and therefore they are liable for penalty u/s 12(8)

MCA imposes penalty for default in filing Annual Return

November 28, 2022 2772 Views 0 comment Print

Company is in default for filing its Annual Return with the office of Registrar of Companies. MCA impose a penalty on Company, and its Directors under section 92(5) of the Act for failure in compliance of section 92(4) of Companies Act, 2013.

Online Sales Business – Challenges faced in Accounting

November 27, 2022 3678 Views 0 comment Print

Looking at the quantum of sales and getting happy about it while wondering where did the money go? The most common challenge faced by all the entities is that how to record all the transactions properly to get to know the actual position of the business.

Key Features – TDS/TCS RPU 4.4 & FVU version 7.9

November 26, 2022 7374 Views 0 comment Print

Key Features – Return Preparation Utility (RPU) version 4.4 e-TDS/TCS Return Preparation Utility Ver. 4.4 for Regular & Correction Statement(s) from FY 2007-08 onwards. 5 new section codes are added under Annexure I (i.e. deductee details) of Form 26Q which are as below: Section Nature of payment (description to be populated for this section code […]

Verify Aadhaar before accepting it as a proof of identity: UIDAI

November 26, 2022 2022 Views 0 comment Print

Before accepting an Aadhaar either in physical or electronic form for establishing identity of an individual, entities should verify the Aadhaar.

Framework to address ‘technical glitches’ in Stock Brokers’ Electronic Trading Systems

November 25, 2022 3228 Views 1 comment Print

Rapid technological developments have increased the ease of electronic trading in securities markets. Technology related interruptions and glitches (technical glitches) and their impact on the investors’ opportunity to trade constitutes major technology related risk.

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