Authorities held that non-maintenance of a consolidated register of members at the registered office violates Section 88, justifying monetary penalties on the company and its officers.
The government outlined year-wise collections and utilisation of major cesses and surcharges, confirming they are credited to the Consolidated Fund and used for designated development and welfare purposes.
The Finance Bill standardises the meaning of “specified fund” by synchronising Schedule VI with existing provisions. The ruling outcome is clearer eligibility conditions and smoother application of income exemptions.
By adopting the section 10(4D) definition, the amendment ensures consistency across income-exemption provisions. The change enhances legal certainty and eases long-term tax planning for funds.
The draft notification proposes easing import and landing permission requirements for specified gas cylinders and components. Stakeholders have been invited to submit objections before the rules are finalized.
The order underscores that MCA records are public and relied upon by stakeholders, making precision in filings non-negotiable. Any incorrect particulars can invite penalties on both the company and the signatory.
The ROC held that failure to attach a registered valuer’s report with Form PAS-3 violates Section 39 of the Companies Act. Even a procedural lapse attracts penalty, though relief may apply to eligible startups.
POPs must log offline grievances using CRA CGMS credentials. The measure ensures comprehensive data for regulatory oversight and timely resolution.
The dispute focused on the statutory requirement of active RVO membership for registered valuers. The Authority reaffirmed that non-compliance with RVO bye-laws and expulsion result in immediate loss of registration rights.
MAT will become a final tax in the old regime at 14%, replacing the earlier credit-based mechanism. The change simplifies compliance while nudging companies toward the new tax regime.
