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Stay of demand under GST cannot be denied for non-constitution of Tribunal

April 12, 2023 4773 Views 0 comment Print

Due to non-constitution of Tribunal, petitioner is deprived of his statutory remedy under Sub-Section (8) and Sub-Section (9) of Section 112 of B.G.S.T. Act.

Section 148A(b) mandates 07 days notice for giving reply

April 12, 2023 3123 Views 0 comment Print

As per the provisions of Section 148A(b) 07 days time is required to be given for giving reply to this notice and this provision is mandatory

Company failed to dematerialize shares before transferring – MCA imposes Peanlty

April 11, 2023 2034 Views 1 comment Print

The company, registered under the jurisdiction of RoC Karnataka, failed to dematerialize securities before transferring them, in violation of Rule 9A(3)(a) of the Companies (Prospectus and Allotment of Securities) Rules 2014. The penalties of Rs. 10,000 each have been imposed on the company and its directors, Anil Prem Dsouza and Hansa Sharma. 

MCA Imposes Penalty for Delayed Filing of Form INC-20A

April 11, 2023 29364 Views 0 comment Print

As per Rule 23A of the Companies (Incorporation) Rules, 2014, the declaration under section 10A by a director shall be in Form No. INC-20A and shall be filed as provided in the Companies (Registration Offices and Fees) Rules, 2014 and the contents of the said form shall be verified by a company secretary or a […]

Company not constituted Nomination & Remuneration committee – MCA imposes 7 Lakh Penalty

April 11, 2023 8613 Views 0 comment Print

Resonance Eduventures Limited, its MD & CEO, and CS face a penalty of 7 Lakhs imposed by Ministry of Corporate Affairs for not constituting Nomination and Remuneration Committee as required by Companies Act, 2013.”

MCA Imposes 5 Lakh Penalty for Non-Appointment of Independent Directors

April 11, 2023 6645 Views 0 comment Print

Discover penalty imposed by MCA on Resonance Eduventures Limited for failing to appoint independent directors, as per Companies Act 2013. Learn about violation, penalties, and implications.

Master Circular – Housing Finance for UCBs

April 11, 2023 6036 Views 0 comment Print

The role of primary (urban) co-operative banks (UCBs) in providing housing finance has been reviewed from time to time. These banks, with their vast network, occupy a very strategic position in the financial system and have an important role to play in providing credit to the housing sector.

Procedure for obtaining RC & allocation of QR for import of Isopropyl Alcohol

April 11, 2023 1974 Views 0 comment Print

Procedure for filing application/issuance of Registration Certificate (RC) for import of Isopropyl Alcohol [under ITC(HS) Code 29051220] subject to Country-wise Quantitative Restrictions (QR) for the year 2023­24 have been specified.

Formulation of price bands for first day of trading pursuant to IPO, re-listing

April 11, 2023 960 Views 0 comment Print

For trading on first day pursuant to IPO or re-listing (including re-listing on account of scheme of arrangement but excluding scrips for which derivative contracts are available) Call Auction session would continue to be conducted separately on individual exchanges and orders would be matched by respective exchanges after computation of equilibrium price.

Framework for acceptance of Green Deposits

April 11, 2023 2394 Views 0 comment Print

To encourage regulated entities (REs) to offer green deposits to customers, protect interest of the depositors, aid customers to achieve their sustainability agenda, address greenwashing concerns and help augment the flow of credit to green activities/projects.

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