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MCA Imposes ₹29 Lakh Penalty for Not Opening Separate Bank Account for Share Application Money

August 8, 2024 2187 Views 0 comment Print

Registrar of Companies Gujarat imposes penalty on V.L. Infraprojects Ltd. for violating Section 42 of the Companies Act, 2013 by failing to open a separate bank account.

RBI Keeps Repo Rate at 6.50% in August 2024 Policy Review

August 8, 2024 1026 Views 0 comment Print

RBI maintains policy repo rate at 6.50% in August 2024. Focus on controlling inflation while supporting growth. Projected GDP growth of 7.2% for 2024-25.

Railways (Amendment) Bill, 2024 as introduced in Lok Sabha

August 7, 2024 864 Views 0 comment Print

The Railways (Amendment) Bill 2024 updates the Railways Act, 1989 by incorporating provisions of the Indian Railway Board Act, 1905, enhancing Railway Board functions.

Boilers Bill, 2024 introduced in Rajya Sabha to replace a century old law

August 7, 2024 1185 Views 0 comment Print

The Boilers Bill, 2024, replacing the 1923 Act, decriminalizes offences, enhances safety, and updates provisions for modern business needs. Learn more.

MCA Imposes Penalty for EPS Non-Disclosure & Misclassification of Income

August 6, 2024 1521 Views 0 comment Print

Order for Sagar Industries’ statutory auditor’s penalty under Section 454 of the Companies Act for audit report violations. Hearing details and adjudication summary.

Carriage of Goods by Sea Bill, 2024 as introduced in Lok Sabha

August 6, 2024 1212 Views 0 comment Print

Explore the Carriage of Goods by Sea Bill 2024, outlining carrier responsibilities, liabilities, and rights based on international conventions and new provisions.

Income Tax Relief to Cooperative Societies

August 6, 2024 3414 Views 0 comment Print

The Ministry of Cooperation announces tax relief for cooperatives, including reduced surcharges, updated cash thresholds, and more, to boost rural and farming communities.

No proposal to reclassify Bengaluru as a metropolitan city for HRA purposes

August 6, 2024 1134 Views 0 comment Print

Explore the current status of Bengaluru’s inclusion for HRA exemption under income tax laws and government policy on metropolitan city designations.

Tax Exemptions for BCCI & IPL: Government’s Revenue Impact

August 6, 2024 3594 Views 0 comment Print

Explore the financial impact of tax exemptions for BCCI and IPL, government actions, and proposed reforms from the latest Rajya Sabha update on August 6, 2024.

Implementation and Status of MCA21 e-Governance Programme

August 6, 2024 1206 Views 0 comment Print

Explore the latest status of the MCA21 e-Governance program, Certified Filing Centres in Haryana, impact on corporate filings, and future plans to ease compliance.

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