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
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.
Analysis of Allahabad High Court case, Tikona Infinet Vs State of U.P., addressing legality of adjustments made due to GST form unavailability.
Government of India issues guidelines for compulsory selection of returns for Complete Scrutiny during FY 2023-24. Find the procedure and clarification here.
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 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
National Financial Reporting Authority imposes ₹5 lakh penalty on Bartronics India’s auditor, CA T. Raghavendra, with a 2-year debarment.
Registrar of Companies, Karnataka, imposes a substantial 66.16 Lakh penalty on Saankhya Labs Private Limited for violating CSR provisions under Companies Act, 2013.
Calcutta High Court has held that the denial of Input Tax Credit (ITC) to the recipient without due investigation of the supplier cannot be sustained. The ruling highlights the importance of conducting proper inquiries before reversing ITC claims.
Recommendations of 51st GST Council Meeting GST Council recommends certain amendments in CGST Act 2017 and IGST Act 2017, including amendment in Schedule III of CGST Act, 2017, to provide clarity on taxation of supplies in casinos, horse racing and online gaming GST Council also recommends inserting a specific provision in IGST Act, 2017 to […]
