Company Law : Learn about secretarial audit in India, its significance, objectives, scope, and appointment process as per the Companies Act, 201...
CA, CS, CMA : Explore the debate surrounding Artificial Intelligence (AI) and its impact on Company Secretaries. Discover the roles of Company S...
Company Law : Explore a case where the Regional Director emphasizes the Company Secretary's role in ensuring compliance with the Companies Act, ...
CA, CS, CMA : Discover the major highlights of the revised Secretarial Standards on General Meetings (SS-2) issued by ICSI, effective from April...
CA, CS, CMA : Starting the journey of becoming a Chartered Accountant (CA), Company Secretary (CS), or Cost and Management Accountant (CMA) is n...
CA, CS, CMA : Prepare for ICSI Company Secretary Executive Entrance Test (CSEET) on 6th July 2024. Understand remote proctoring mode, guidelines...
CA, CS, CMA : Find the updated fee schedule for the CS course, including CSEET, Executive, and Professional programs, with applicable concession...
CA, CS, CMA : Check out revised time table for Company Secretaries Examination December 2024 by Institute of Company Secretaries of India. ...
CA, CS, CMA : Learn about the penalties for misusing the 'CS' designation under Section 24 of the Company Secretaries Act, 1980. Stay compliant ...
CA, CS, CMA : Get your E-Admit Card for June 2024 CS Executive and Professional Examinations. Download now from the ICSI website. Avoid last-min...
Income Tax : Supreme Court held that as per regulation 114(4) of the Company Secretaries Regulations, 1982 election can be challenged by the ca...
Corporate Law : Sanjay Ghiya Vs Union Of India (Rajasthan High Court) Rajasthan High Court held that CHARTERED ACCOUNTANTS Or COMPANY SECRETARIES ...
CA, CS, CMA : Avenue for seeking certified copies as well as inspection is provided both in the Right to Information Act and in Company Secretar...
CA, CS, CMA : Working experience as an Assistant Company Secretary or a Management Trainee cannot be treated as equal to a Company Secretary so ...
Company Law, Corporate Law : Practicing professionals are prohibited from acting as full time directors. They can only act as non-executive directors not perfo...
Company Law : Discover the adjudication order under Section 203(1) of the Companies Act, 2013. Standard Glass Lining Technology Ltd. penalized f...
Company Law : MCA penalizes Best & Crompton Engineering Projects Ltd. Rs. 16 lakh for delayed Secretarial Audit Report submission. Read the full...
CA, CS, CMA : Discover the latest amendments to the Chartered Accountants Act by the Ministry of Corporate Affairs. Stay informed with the updat...
CA, CS, CMA : Discover Central Bank's Cent CA/CS/CMA scheme, offering attractive interest rates for finance professionals. Eligibility, benefits...
Company Law : Understand the penalty imposed on CISTRO TELELINK LIMITED for non-compliance with Section 203(1) of the Companies Act, 2013. Learn...
the Finance Ministry has brought in practicing CS, CA, CMA carrying out financial transactions on behalf of their clients into the ambit of the money laundering law.
Explore the implications of the latest PMLA notification, bringing practicing professionals in CA, CS, and CMA under its purview for financial transactions on behalf of clients. Stay informed to ensure compliance and avoid penalties.
Government notifies that following transactions done by CA, CS & CMA on behalf of their client will be covered under Prevention of Money-laundering Act, 2002. This notification is issued by the Ministry of Finance, Department of Revenue in India, and it pertains to the Prevention of Money Laundering Act, 2002. The notification outlines that certain […]
Inquiry into affairs of the company is independently directed by the Ministry of Corporate Affair to this office to investigate the Related Party Transaction matter of the Sun Pharmaceutical Industries Ltd. with Aditya Medisales Ltd covering the FY 2014-15 to 2017-18 and the omission of reporting of Related Parties Transaction (RPTs) and violation of the provisions the Companies Act, 2013.
Non-Appointment of CS – Penalty reduced on closely held private company and further imposing maximum penalty by the Registrar of Companies on the company, its Managing Director and other directors is harsh, burdensome on the Company.
Company is having a Managing Director and imposing penalty on non-executive director for Non-Appointment of CS should not have been made.
Non-Appointment of CS – MCA reduces penalty as all shareholders of Company are family members, no public interest is involved.
MCA reduces penalty as candidates who have consented for relocation to remote area for appointment as Company Secretary in company demanded a higher pay scale (above and beyond industry standards)
(a) due to Covid-19 pandemic, Company was unable to appoint Whole Time Company Secretary as none shown interest despite company’s effort during that period. (b) company is having negative reserves and surplus during the year 2021-2022. It has incurred losses during the year 2021.
Non-Appointment CS – penalty reduced – Ac imposing maximum penalty by Registrar of Companies on company, its Managing Director and other director is very harsh, burdensome on Company.
