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Delay in filing Annual Return: MCA imposes Penalty of Rs. 112600

April 23, 2024 840 Views 0 comment Print

Explore the penalty imposed by the Ministry of Corporate Affairs on Snap Fitness (India) Pvt. Ltd. for violating Section 92 of the Companies Act, 2013. Learn about the implications and response.

Tax Liability of SEZ Unit for Advocate Services under RCM: AAR Ruling

April 19, 2024 2304 Views 0 comment Print

Explore the GST ruling on tax liability for SEZ units regarding advocate services under Notification No. 10/2017-IT(Rate). Understand the implications and legal provisions.

Bombay HC Quashes GST Recovery Proceedings Against Company Director

April 19, 2024 2955 Views 0 comment Print

Bombay High Court quashes recovery proceedings against a company director for GST recovery from personal property, citing constitutional violations.

RBI Designates State Bank of India as Lead Bank for New Assam District

April 18, 2024 2157 Views 0 comment Print

Discover how RBI assigns lead bank responsibilities for Tamulpur, the new district in Assam, impacting financial outreach. Details inside!

Government Ends Safeguard Measures on Isopropyl Alcohol Imports

April 18, 2024 789 Views 0 comment Print

Learn about the discontinuation of safeguard measures on Isopropyl Alcohol imports by the Government of India. Details in Trade Notice No.02/2024-25-DGFT.

RBI Guidelines: Credit Facilities to SCs/STs – Master Circular

April 16, 2024 993 Views 0 comment Print

Explore RBI’s guidelines on credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) through the Master Circular, ensuring inclusive financial access.

MCA Imposes Heavy Penalty for CSR Violations: Section 135(1) & 135(5)

April 10, 2024 12753 Views 0 comment Print

Dive into a detailed analysis of Clairvoyant India Private Limited violation of CSR provisions under Section 135(1) & 135(5) of the Companies Act, 2013. Learn about penalties, adjudication orders, and legal implications.

Fincare Small Finance Bank Amalgamated into AU Small Finance Bank

April 8, 2024 1458 Views 0 comment Print

RBI’s notification sanctions amalgamation of Fincare Small Finance Bank into AU Small Finance Bank. Details of the exclusion from Second Schedule provided here.

Non-filing of Financial Statement in Form AOC-4: MCA imposes penalty

April 8, 2024 1671 Views 0 comment Print

Discover the adjudication order against Aalamara Nidhi Limited under Section 137 of the Companies Act, 2013. Analysis of penalties imposed and director liabilities.

The IFSCA Banking Handbook Prudential Directions- V 5.0 (PRU)

April 5, 2024 1434 Views 0 comment Print

Explore the prudential rules governing International Banking Units (IBUs) in IFSC, covering capital requirements, risk management policies, and regulatory compliance.

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