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Board reports not on proper letterhead of Company- MCA imposes Penalty

July 4, 2023 30945 Views 0 comment Print

Ministry of Corporate Affairs imposes a penalty on Tanu Mercantile for not using proper company letterhead as per Companies Act, 2013. A comprehensive breakdown of case, implications, and penalty imposed.

Come! Let’s pray on Chartered Accountants Day!!

July 1, 2023 2853 Views 1 comment Print

Celebrate Chartered Accountants Day (1st July) with a poetic journey, praying for qualities like super consciousness, planned approach, transparency, perpetuity, stress-free work, intellectual prowess, and staying updated. Seek blessings to soar high with the qualities of Garuda, the emblem of ICAI. Join the poetic tribute to this esteemed profession

Empanelment of Stock and Credit Auditors – Canara Bank, Patna Circle Office

July 1, 2023 10980 Views 0 comment Print

CANARA BANK, Circle Office, Hyderabad invites applications for empanelment of Stock/credit Auditors (Fresh) under Hyderabad circle for a period of five years

Income Tax Department issues clarification on PAN-Aadhaar linking

July 1, 2023 44184 Views 1 comment Print

The Income Tax Department has issued a clarification regarding the PAN-Aadhaar linking process, addressing difficulties faced by PAN holders.

Penalty Imposed by MCA for Non-Serially Numbered Minutes of Meetings

June 30, 2023 19515 Views 0 comment Print

Discover the details of the adjudication order issued by the Ministry of Corporate Affairs (MCA) against Tech Spanner Info Pvt Ltd. The order imposes a penalty on the company for their failure to serially number the minutes of their meetings, as required by the Companies Act, 2013. This article provides an analysis of the case, […]

ICAI Changes Cut-Off Date for Bank Branch Auditors Panel

June 30, 2023 6714 Views 0 comment Print

Professional Development Committee of ICAI announces change in cut-off date for the Bank Branch Auditors Panel. Learn about revised date, submission guidelines, and implications for chartered accountants and firms.

Know Your ITR Due Date

June 30, 2023 15678 Views 0 comment Print

 Know your Income Tax Return (ITR) due date for FY 2022-23 (AY 2023-24). File on time to avoid penalties, interest, and loss of benefits. Understand consequences of missing the ITR due date.

MCA Penalizes Delayed MGT-14 & Form PAS-3 Filing in Private Placement

June 30, 2023 19566 Views 0 comment Print

Private placement- Separate Bank Account not opened, Delay in FIling MGT-14 & Form PAS-3 – MCA imposes penalty – The order discusses the violations committed by the company, the appointment of the adjudicating officer, facts about the case, and the factors considered while imposing penalties. Analysis: The adjudication order reveals that Cookiejar Technologies Private Limited failed […]

Form DRC-01B – Managing Liability Differences in GST Returns

June 30, 2023 35088 Views 0 comment Print

Discover all you need to know about managing liability differences using Form DRC-01B. Understand the process, FAQs, and the implications of non-compliance on your GST returns.

Mayhem of “Alert” In Customs

June 30, 2023 7845 Views 1 comment Print

All of us are aware that the Customs Department often places an Alert in the EDI System relating to the import of goods or export of goods. The said Alert is placed in the System sometimes by the Officers of the DRI or Risk Management Centre of CBIC or any Customs Commissioner.

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