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Delayed appointment of CS – MCA Imposes 35 Lakh Penalty

August 9, 2023 3000 Views 0 comment Print

Fluiconnecto India Private Limited faces a ₹35 lakh penalty from MCA for violating Section 203 of the Companies Act due to delayed company secretary appointments. Analysis and implications.

Penalty Imposed on Company for Not Printing Contact Details on Resolutions

August 9, 2023 2553 Views 0 comment Print

Learn about the penalty imposed by the Ministry of Corporate Affairs on Steel Resources Tradelink for not printing email and phone details on their resolutions.

MCA Fines Company for Delayed Circulation of Board Meeting Minutes

August 9, 2023 5307 Views 0 comment Print

Introduction:  Blue Sapphire Healthcares Private Limited and its directors. has been penalized by MCA for the delay in circulating draft minutes of its board meetings, a violation of Section 118 of the Companies Act, 2013. Analysis: The Ministry of Corporate Affairs (MCA) has invoked Section 118 of the Companies Act, 2013, to impose penalties on […]

MCA Penalizes Company for Omitting Financial Statements in AGM Notice

August 9, 2023 2775 Views 0 comment Print

MCA imposed penalties on Blue Sapphire Healthcares Private Limited and its directors for failing to send financial statements and auditor’s reports with AGM notice

MCA Penalizes Company & Directors for Non-Consecutive Minutes Book Numbering

August 9, 2023 23745 Views 0 comment Print

he case involves the violation of Section 118(1) of the Companies Act, 2013, which mandates that companies must prepare and sign minutes of general meetings, resolutions passed by postal ballot, and meetings of the Board of Directors or committees of the Board in a prescribed manner.

Illegal Adjustment Not Permitted for Non-Availability of GST Form on Portal

August 6, 2023 8574 Views 0 comment Print

Analysis of Allahabad High Court case, Tikona Infinet Vs State of U.P., addressing legality of adjustments made due to GST form unavailability.

Guidelines for Compulsory Income Tax Scrutiny – FY 2023-24 clarification

August 3, 2023 20391 Views 3 comments Print

Government of India issues guidelines for compulsory selection of returns for Complete Scrutiny during FY 2023-24. Find the procedure and clarification here.

Violation of Main Object Clause of MOA: MCA imposes ₹3 Lakh Penalty

August 3, 2023 3558 Views 0 comment Print

Learn about the penalty imposed by MCA for violating the main object clause of MOA. Detailed analysis of the case and implications. Read more.

Results of June 2023 CA Foundation Exam likely on 7th or 8th August 2023

August 3, 2023 15435 Views 5 comments Print

Results of Chartered Accountants Foundation Examination held in June 2023 are likely to be declared on late evening (9.00 p.m.) of Monday, the 7th August, 2023/early morning on Tuesday, the 8th August, 2023

NFRA Fines Bartronics India Auditor, Enforces Debarment

August 3, 2023 12969 Views 0 comment Print

National Financial Reporting Authority imposes ₹5 lakh penalty on Bartronics India’s auditor, CA T. Raghavendra, with a 2-year debarment.

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