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MCA Levies Rs. 6 Lakh Penalty for Form MGT-6 Filing Delay under Section 89(6)

April 30, 2024 1479 Views 0 comment Print

Explore implications of MCA’s Rs. 6 Lakh penalty under Section 89(6) for delay in filing Form MGT-6. Detailed analysis & order overview provided.

Company Fined ₹6 Lakh for Not Registering Charges: MCA Order

April 30, 2024 237 Views 0 comment Print

MCA imposes ₹6 Lakh penalty on Janaki Ram Steel and Power Pvt Ltd for failing to register charges in CHG-1 form with Registrar. Learn more about the case and implications.

Default in filing Annual Return: MCA imposes penalty of Rs. 2,75,100

April 30, 2024 132 Views 0 comment Print

Learn about the adjudication under Section 92 of the Companies Act, 2013 for failure to file annual returns. Detailed analysis of penalties imposed on Ws. Bluemax Capital Solution Pvt Ltd and its directors.

Processing Delays of MCA Forms – Challenges and Solutions

April 30, 2024 252 Views 0 comment Print

Explore the issues and challenges in processing MCA forms at CPC. Learn about the proposed solutions for timely approval and the impact on stakeholders.

Guidance Note on Operational Risk Management and Operational Resilience

April 30, 2024 1041 Views 0 comment Print

Explore Reserve Bank of India’s new Guidance Note aligning with global best practices on operational risk management and resilience. Issued on Apr 30, 2024.

Draft Guidance Note on Income-tax Audit Reports under Section 12A/10(23C)

April 29, 2024 2085 Views 0 comment Print

Engage in shaping tax audit guidelines! Direct Taxes Committee invites public comments on the Exposure Draft for Guidance Note on Audit Reports under Income-tax Act, 1961.

NFRA imposes ₹1.60 Crore Penalty on RHFL Auditors & Audit Firm

April 26, 2024 36129 Views 2 comments Print

National Financial Reporting Authority’s order penalizes M/s Dhiraj & Dheeraj and auditors for misconduct in the audit of Reliance Home Finance Limited.

CCI Shouldn’t Intervene Without Clear Anti-competitive Conduct

April 26, 2024 324 Views 0 comment Print

Explore the Competition Commission of India’s ruling on Somnath Banerjee’s complaint against entities in the pharmaceutical sector, alleging contravention of competition laws.

Entering into prohibited arrangements with international entities is Professional Misconduct: ICAI

April 25, 2024 381 Views 0 comment Print

Dive into the detailed analysis of the Institute of Chartered Accountants of India (ICAI) Disciplinary Committee’s order in the Tridibes Basu case under Section 21B(3) of the Chartered Accountants Act, 1949.

No penalty if Financial Return submitted within 30 days from AGM date

April 25, 2024 246 Views 0 comment Print

Learn about the exemption from penalties for late financial return submissions within 30 days from the date of AGM, as per the recent order by the Registrar of Companies.

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