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Non-appointment of Internal Auditor by Company: MCA imposes Penalty

May 10, 2024 16248 Views 0 comment Print

Learn about penalties imposed by MCA on Sector 113 Gatevida Developers Private Limited for failing to appoint an internal auditor. Analysis, implications, and order details included.

SEBI Consultation paper: Ease of Doing Business for REITs & InvITs

May 10, 2024 945 Views 0 comment Print

Explore SEBIs proposals to simplify compliance for REITs and InvITs, including revised distribution timelines, unitholders meeting notice, investor complaints, and more.

Certification of e-Form of disqualified directors: ICAI imposes penalty on CA

May 9, 2024 1983 Views 0 comment Print

Delve into the disciplinary action against CA Sushil Suresh Bajaj by the Institute of Chartered Accountants of India. Analysis, verdict, and implications discussed.

ICAI Penalizes/Suspends CA for Accounting Standards & Reporting Non-compliances

May 9, 2024 1365 Views 0 comment Print

Committee concluded that there were indeed non-compliances in the financial statements audited by Pachkhede, relating to various accounting standards and reporting requirements. These errors were considered to constitute professional misconduct as per the Committee’s Findings dated February 7, 2024.

Signing of financial statements on a back date: ICAI reprimanded CA

May 9, 2024 1032 Views 0 comment Print

The case centers on Pednekar’s signing of financial statements on a back date, which is deemed as negligent conduct and a breach of professional standards.

Master Direction RBI (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024

May 8, 2024 1155 Views 0 comment Print

Explore the Reserve Bank of India’s Master Direction for Margining Non-Centrally Cleared OTC Derivatives issued in 2024. Understand its implications and applicability.

MCA Imposes Penalty for Conversion of loan into Securities without special resolution

May 8, 2024 483 Views 0 comment Print

Registrar of Companies imposes penalties on Lalitbagh Heritage Palace and Museum Pvt Ltd for violating Companies Act, 2013. Non-compliance led to fines and potential legal actions.

ICAI Disciplinary Committee Ruling on Price Waterhouse LLP

May 8, 2024 1269 Views 0 comment Print

ICAI’s Disciplinary Committee finds Price Waterhouse LLP guilty of professional misconduct, removing CA Dinesh Supekar from the register for three years.

SC Refuses to Hear Plea Against 45-Day Payment Rule U/S 43B(h)

May 8, 2024 12183 Views 0 comment Print

Supreme Court dismisses plea under Article 32 against 45-day payment rule. Detailed analysis of the judgment and implications for businesses.

Notification: Income Tax Exemption for Tamil Nadu Electricity Regulatory Commission

May 8, 2024 747 Views 0 comment Print

Ministry of Finance notifies Income Tax Act Section 10(46) for Tamil Nadu Electricity Regulatory Commission, exempting specified incomes. Details & conditions provided.

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