The authority held that pension contributions wrongly paid for ineligible members must be recalculated with interest, transferred to the correct PF account, and erroneous pension service deleted to ensure accuracy.
The statutory regulator declined disclosure of a key committee report on foreign lawyers. The decision raises questions on transparency in policy-making affecting the legal profession.
The order reiterates that disclosure of CIN and contact details on official publications is compulsory and non-negotiable under company law.
The order reiterates that acknowledgment of default or suo-motu disclosure does not exempt companies from penalties for statutory non-compliance.
The order reinforces that persistent non-filing of financial statements invites severe monetary consequences for both companies and directors.
The ruling reiterates that prolonged filing defaults invite monetary penalties on both the company and officers in default.
An inspection under section 206(5) confirmed long-standing filing failures, resulting in statutory penalties on the company and officers in default.
Description: A clerical mistake in the allotment date led to a violation of section 62(1)(a), attracting penalty under section 450 despite subsequent rectification.
SC upheld the quashing of reassessment where identical foreign investment transactions were examined and accepted in subsequent assessments.
The High Court held that once identical transactions were examined and accepted in later assessments, the basis for reopening earlier years did not survive.
