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Delay in filing PAS-4 under Section 42(1): MCA reduces Penalty

January 5, 2024 744 Views 0 comment Print

Explore the adjudication order under the Companies Act, 2013 for Turnaround Systems Pvt. Ltd. Learn about the appeal, grounds, and final decision by the Regional Director.

Inclusion of Finance Companies in Credit Institutions: IFSCA Circular

January 5, 2024 642 Views 0 comment Print

Discover the IFSCA’s recent circular expanding the definition of ‘Credit Institution’ to include Finance Companies in the International Financial Services Centre (IFSC).

Non-Appointment of CS: MCA reduces Penalty from Rs. 6 Lakh to Rs. 2 Lakh

January 5, 2024 2652 Views 0 comment Print

Explore the appeal filed under Companies Act, 2013 by Hwaseung IA Automotives. Analysis of penalty reduction and compliance order. Latest update on corporate affairs.

Raw unmanufactured tobacco dust with added scent, falls under Ch-2401

January 4, 2024 612 Views 0 comment Print

Explore modified GST classification for Pandey Traders’ product under Ch-2401. Detailed analysis of appeal proceedings and key grounds for modification.

Income Tax Notification on Non-Resident Investment in Financial Products

January 4, 2024 1458 Views 0 comment Print

Explore the latest Income Tax Act amendment (Notification No. 04/2024) allowing non-residents to invest in financial products through International Financial Services Centres. Analysis of key provisions and impact on offshore banking. Learn about capital market intermediaries, financial products, and the International Financial Services Centre Act. Stay informed on tax implications and opportunities for non-resident investors.

DGFT Allocates 8606 MTRV Raw Cane Sugar to USA under TRQ Scheme 2024

January 3, 2024 477 Views 0 comment Print

Public Notice No. 36/2023- DGFT announces allocation of 8606 MTRV raw cane sugar to USA under TRQ scheme for the US fiscal year 2024. Details on conditions, certification, and implementation.

Penalty Imposed on Typhoon Holdings Ltd for Late Financial Statement Filing

January 3, 2024 354 Views 0 comment Print

Explore the penalty order against Typhoon Holdings Limited for violating Section 137 of the Companies Act, 2013. Detailed analysis, findings, and consequences.

NFRA Penalizes CA Rs 50 Lakhs for Misconduct in Section 80JJA Report

January 3, 2024 52569 Views 0 comment Print

NFRA issues order penalizing CA Pawan Jain and Mis Kumar Jain & Associates for lapses in issuing reports under Income Tax Act for Quess Corp Ltd.

Input Tax Credit on Blended Biofuel: AAR Rajasthan allows Application withdrawal

January 2, 2024 822 Views 0 comment Print

Explore the withdrawal of an Advance Ruling Application regarding input tax credit for biofuel used in transportation services. Get insights from the AAR Rajasthan’s decision.

Draft Patents (2nd Amendment) Rules, 2024

January 2, 2024 2517 Views 0 comment Print

Explore the proposed amendments to the Patents Rules, 2003 by the Ministry of Commerce and Industry. Learn about adjudication procedures, penalties, and how to file appeals.

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