The representation highlights ambiguity in whether the ₹2.5 crore ITC threshold should be annual or cumulative. It emphasizes that lack of clarity may delay genuine cancellation requests and create hardship for small taxpayers.
Failure to file the one-time DPT-3 return within the prescribed timeline resulted in penalties under Section 450. The authority held that delayed compliance, even if later rectified, constitutes a violation. The case highlights strict adherence to deposit reporting requirements.
The company admitted that omission of the resolution attachment was unintentional. However, the adjudicating authority still imposed penalties under Section 450. The ruling confirms that intent does not negate statutory compliance obligations.
Delay in filing Form MGT-14 beyond statutory timelines led to penalties on the company and its directors. The case highlights strict enforcement of Section 117 compliance requirements.
SEBI clarified that only a body corporate can act as a sponsor under MF Regulations 2026. A family trust, not being a body corporate, is ineligible.
The update prohibits most INR derivative contracts with related entities. Only specific transactions such as cancellations and non-related back-to-back trades are permitted.
IFSCA approved the first foreign family office fund under its 2025 regulations. The move strengthens GIFT IFSC’s position as a global destination for private wealth management.
Failure to mention DIN in signed financial statements was held to violate Section 158. The authority imposed penalties while limiting liability to responsible officers.
Failure to disclose DIN in signed financial statements was held to violate Section 158. The ROC imposed penalties while limiting liability to responsible officers only.
Failure to mention DIN in signed financial statements was treated as a violation of Section 158. The ROC imposed penalties while restricting liability to responsible officers.
