Omission of required attachments in annual return filing resulted in penalties under Section 450. The decision stresses the importance of accurate and complete filings.
A delayed filing of a special resolution beyond the statutory deadline resulted in penalties despite claims of bona fide error. The ruling highlights strict compliance obligations under the Companies Act.
The authority held that confusion arising from interim orders did not absolve the professional from taking proactive steps. The case reinforces the expectation of due diligence in insolvency proceedings.
The authority imposed penalties after finding the company failed to hold its first board meeting within 30 days of incorporation. The ruling reinforces strict compliance with Section 173(1).
The case deals with failure to comply with the mandatory 120-day gap between Board meetings. The authority imposed penalties despite voluntary disclosure, reinforcing strict compliance requirements.
The representation points out that e-form design is imposing requirements beyond the law. It seeks alignment of system validations with statutory provisions.
DGFT revised Appendix 4B to update banks permitted to import gold and silver. The notice clarifies authorized entities and validity period till 2029, ensuring regulatory clarity.
The case highlights that summons lacking details of the underlying inquiry violate procedural fairness. It underscores the need for transparency to ensure lawful and non-arbitrary GST enforcement.
The authority penalized the company for issuing shares below the valuer-determined price, even though the shortfall was later recovered with interest. Rectification did not absolve the initial violation.
GSTN clarified that system-calculated interest for February 2026 was incorrectly reflected in March returns due to a technical issue. Taxpayers must recompute and update the correct interest using the portal feature.
