The regulator has abolished the LOC requirement for investor service requests. The key takeaway is quicker, safer direct credit of securities into demat accounts.
The Department announced empanelment of Senior and Junior Standing Counsels for Delhi courts and tribunals. Eligibility, tenure, and procedure are governed by CBDT Instruction No. 7 of 2016.
The amendment prescribes a clear formula to compute maximum rated speed of packing machines. This ensures uniform cess classification and prevents disputes over machine capacity.
This case explains that errors in mandatory e-forms, including incorrect AGM details, amount to statutory non-compliance. Both the company and the authorised signatory were penalised under Section 450.
The Tribunal held that overseas shares acquired from reinvested dividends cannot be taxed as undisclosed assets when the source is known and accepted. Mere omission of dividend income does not trigger the Black Money Act’s harsh provisions.
The order holds that missing mandatory disclosures in share issue filings violate Section 62 read with Rule 13. Even inadvertent procedural lapses can trigger penalties under the residual provision of the Companies Act.
The adjudicating authority held that filing an AOC-4 with incorrect particulars attracts penalty even if the error is later admitted and rectified. Administrative correction does not nullify the completed contravention under the Companies Act.
Explains why car insurance is mandatory in India, the penalties for non-compliance, ad how uninsured driving can expose owners to heavy financial liability
Section 194T introduces a flat 10% TDS on partner remuneration and interest, sharply reducing monthly liquidity for small firms. The key takeaway is that blocked refunds and borrowing costs may outweigh any compliance benefit.
The authority held that non-filing of annual returns within the prescribed time violates Section 92(4). In the absence of any response, statutory penalties were imposed on both the company and its directors.
