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Madras HC Sets Aside Order on Alleged Circular Trading & ITC for Ignoring Reply

July 3, 2024 1386 Views 0 comment Print

Madras High Court quashes GST demand against Tvl. Urayur Cotton Company due to failure to consider the petitioner’s reply on circular trading and reverse charge mechanism.

GST on items used in construction and operation of warships & submarines

July 1, 2024 2703 Views 0 comment Print

Explore the GST advance ruling on whether equipment, materials, consumables, and tools used by Hindustan Shipyard Limited qualify as parts under GST Entry No.252.

Minute book of Company not paginated: MCA Imposes penalty

June 28, 2024 630 Views 0 comment Print

Read MCA’s adjudication order penalizing Saptasatij Metatech Pvt Ltd ₹25,000 for non-paginated minute books under Companies Act, 2013. Full analysis and implications.

SEBI Board Meeting: Delisting flexibility, FPIs disclosure framework & cybersecurity guidelines

June 27, 2024 627 Views 0 comment Print

SEBI’s 206th Board Meeting in Mumbai approved key measures including delisting flexibility, FPIs disclosure framework, and cybersecurity guidelines. Read the full details.

ICAI Penalises CA for Improper Partnerships and Undisclosed Audits

June 26, 2024 573 Views 0 comment Print

ICAI’s Disciplinary Committee fined CA Pawan Kumar Agrawal Rs. 25,000 for professional misconduct. Failure to pay within 90 days will result in a 30-day membership removal.

ICAI Penalises CA for failure to report statutory violations in financial statements

June 26, 2024 438 Views 0 comment Print

ICAI’s Disciplinary Committee removed CA Ramesh Maheshwari from membership for three months and issued a Rs. 1 lakh fine for professional misconduct.

ICAI Penalises CA for Misconduct After Partner’s Death

June 26, 2024 513 Views 0 comment Print

ICAI removes CA Surajit Bhowmick’s name for one month and fines him ₹25,000 for misconduct following the death of his firm’s co-partner in June 2020.

CA Penalised for Audit Without communication with previous auditor & Tender Misconduct

June 26, 2024 375 Views 0 comment Print

ICAI Disciplinary Committee fined CA for acceptance of audit assignment without communication with previous auditor and his participation in a government tender that violated ICAI’s tender guidelines dated April 7, 2016

ICAI Penalises CA for Improper Partnership & unapproved directorship

June 26, 2024 672 Views 0 comment Print

ICAI Committee imposes ₹25,000 fine on CA. Pawan Kumar Agrawal for partnership with unqualified person, unapproved directorship, and failure to communicate with prior auditor.

ICAI Penalises CA for Audit Lapses in Group Companies

June 26, 2024 456 Views 0 comment Print

CA. Ramesh Kumar Maheshwari removed from ICAI register for three months and fined ₹1 lakh for professional misconduct and audit failures.

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