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SEBI Circular: Minimum Capital Deposit for Category 2 EOPs

October 6, 2023 1005 Views 0 comment Print

SEBI’s latest circular imposes a Rs. 10 lakh Base Minimum Capital Deposit (BMC) requirement for Category 2 Execution Only Platforms (EOPs) operating in the stock exchange segment. Learn more.

Disallowance under Section 14A Not Applicable for Stock in Trade Securities

October 5, 2023 1032 Views 0 comment Print

Explore Delhi High Court’s judgment on disallowance under Section 14A of Income Tax Act, 1961, in case of Punjab National Bank (Erstwhile United Bank of India)

ACIT Vs Vahanvati Consultants Private Limited (Supreme Court of India)

September 30, 2023 582 Views 0 comment Print

ACIT Vs Vahanvati Consultants Private Limited (Supreme Court of India) The Supreme Court of India has recently made a disposition in the case of ACIT (Assistant Commissioner of Income Tax) v. Vahanvati Consultants Private Limited. The court’s decision has specific implications for the parties involved, and this article will provide an overview of the case […]

MCA imposes Rs. 49.70 Lakh penalty for delay in CS Appointment

September 25, 2023 16197 Views 0 comment Print

Registrar of Companies in Karnataka has imposed a penalty of Rs. 49.70 lakh on Atlas Logistics for failing to appoint a company secretary in a timely manner, in violation of Section 383A of Companies Act, 1956, and Section 203 of Companies Act, 2013.

MCA Imposes penalty for not mentioning DIN under Signature in Financial Statements

September 14, 2023 16863 Views 0 comment Print

The Ministry of Corporate Affairs imposes penalty on Triveni Nidhi Limited and its directors for non-mentioning of DIN in financial statements.

CESTAT Bangalore allows refund of Additional duty paid on Timber Import 

September 12, 2023 324 Views 0 comment Print

CESTAT Bangalore allows a timber import company to refund customs and special additional duty on unsold goods, providing a key precedent for the industry.

No excise duty on Spent earth arising in oil refining, bleaching process

September 12, 2023 285 Views 0 comment Print

Spent earth (By-Product)arising in oil refining, bleaching process arising is not liable to Excise duty -Awn Agro P Ltd Vs C.C.E. & S.T. (CESTAT Ahmedabad)

Cenvat Credit Allowed for SMS Plant Installation Under ‘Modernization, Renovation or Repair’

September 11, 2023 369 Views 0 comment Print

Explore the details of the case Bhagwati Power & Steels Ltd. Vs Commissioner decided by CESTAT Delhi. Understand the verdict on the allowance of Cenvat Credit for installing an SMS Plant under modernization and renovation clauses.

ICSI’s Advisory for SEBI & Stock Exchanges Compliance for Company Secretaries

September 7, 2023 9297 Views 0 comment Print

ICSI’s advisory on compliance with SEBI and Stock Exchanges. Learn how Company Secretaries in Practice are impacted and how to ensure regulatory adherence.

Mineral (Auction) Amendment Rules, 2023

September 1, 2023 798 Views 0 comment Print

(1) These rules may be called the Mineral (Auction) Amendment Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette.

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