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RBI Directs Banks to Maintain Additional Average Daily Balance

August 10, 2023 783 Views 0 comment Print

Reserve Bank of India’s latest directive requires banks to maintain an extra daily balance, impacting financial institutions across the nation.

MCA Reduces penalty for delay in filing of e-Form DIR-12

August 10, 2023 4779 Views 0 comment Print

Ministry of Corporate Affairs reduces penalty for delayed e-Form DIR-12 filing in case of CETC Renewable Energy Tech. Know full case details.

CESTAT Chandigarh Quashes Excise Duty Demand on Bought-Out Items

August 9, 2023 567 Views 0 comment Print

Read the CESTAT Chandigarh order quashing the excise duty demand on bought-out items by Oil Lube Systems. The appeal is partly allowed due to lack of proof for inclusion.

Electric Ceiling Type Fans (Quality Control) Order, 2023

August 9, 2023 2427 Views 0 comment Print

Introduction: Dive into the Ministry of Commerce and Industry’s latest initiative – the Electric Ceiling Type Fans (Quality Control) Order, 2023. This analysis explores the Order’s scope, commencement, standards, implementation, and the role of the Bureau of Indian Standards in ensuring quality control for electric ceiling fans. Analysis: On August 9, 2023, the Ministry of […]

No penalty under Central Excise Rule 26 if no Involvement in Handling of Goods Liable for Confiscation

August 9, 2023 2136 Views 0 comment Print

Analysis of the CESTAT Ahmedabad case between Qumruzzama Khan & C.C.E & S.T.-Vapi regarding penalties under Rule 26 of Central Excise Rules, 2002.

Service Tax on Real Estate Agent for Property Transactions: CESTAT

August 9, 2023 1170 Views 0 comment Print

Service Tax Leviable on Real Estate Agent if it acted as a middleman/ agent in the purchase and sale of immovable property and the amount received is consideration for such services.

MCA Fines Company for Delayed Circulation of Board Meeting Minutes

August 9, 2023 6195 Views 0 comment Print

Introduction:  Blue Sapphire Healthcares Private Limited and its directors. has been penalized by MCA for the delay in circulating draft minutes of its board meetings, a violation of Section 118 of the Companies Act, 2013. Analysis: The Ministry of Corporate Affairs (MCA) has invoked Section 118 of the Companies Act, 2013, to impose penalties on […]

MCA Penalizes Company for Omitting Financial Statements in AGM Notice

August 9, 2023 3513 Views 0 comment Print

MCA imposed penalties on Blue Sapphire Healthcares Private Limited and its directors for failing to send financial statements and auditor’s reports with AGM notice

SEBI (Settlement Proceedings) (Second Amendment) Regulations, 2023

August 9, 2023 1098 Views 0 comment Print

Learn about significant amendments introduced by SEBI (Settlement Proceedings) Amendment Regulations, 2023, impacting securities regulation and settlement proceedings.

Laboratory Accreditation by NABL in Procurement: No Competition Act Violation

August 9, 2023 1080 Views 0 comment Print

Analysis of Competition Commission of India’s examination of alleged contraventions involving government entities in procurement of laboratory services.

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