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Failure to Constitute Remuneration & Nomination Committee: MCA Imposes ₹39 Lakh Penalty

April 30, 2024 2907 Views 0 comment Print

Under Section 178(1) of the Companies Act, 2013, MCA penalizes Best & Crompton Engineering Projects Ltd ₹39 lakh for not forming the Nomination and Remuneration Committee.

ICAI CCM Dhiraj Khandelwal clarifies on NFRA Order

April 30, 2024 10500 Views 0 comment Print

Delve into the NFRA order controversy with detailed analysis on penalty imposition, opinion disparities, and key issues. Gain insights from an industry veteran’s perspective.

KSCAA request Extension of Professional Tax Deadline in Karnataka

April 30, 2024 2514 Views 0 comment Print

KSCAA urges Karnataka Govt. to extend professional tax deadline amidst technical issues, fostering trade & industry relief. Details & appeal here.

MCA Levies Rs. 6 Lakh Penalty for Form MGT-6 Filing Delay under Section 89(6)

April 30, 2024 2163 Views 0 comment Print

Explore implications of MCA’s Rs. 6 Lakh penalty under Section 89(6) for delay in filing Form MGT-6. Detailed analysis & order overview provided.

Company Fined ₹20 Lakh for Not Disclosing Related Party Transactions

April 30, 2024 2943 Views 0 comment Print

MCA imposes a ₹20 lakh penalty on Janaki Ram Steel and Power Pvt Ltd for non-disclosure of related party transactions from FY 2015-16 to FY 2019-20.

Accounting treatment of delayed interest under MSMED Act 2006

April 29, 2024 32838 Views 0 comment Print

Understand the accounting implications of delayed payments to Micro, Small, and Medium Enterprises under the MSMED Act. Learn about interest payable, waiver options, and accounting standards.

ICAI finds EY India and it’s Affiliate Entities Guilty of Professional Misconduct: Analysis

April 29, 2024 20604 Views 1 comment Print

Analysis of ICAIs disciplinary action against EY India affiliates for professional misconduct, implications, and insights into regulatory challenges in the accounting sector.

ITR 2: Reporting Capital Gain on Sale of Immovable Property

April 27, 2024 41124 Views 25 comments Print

Article explains how to report capital gain from the sale of immovable property in ITR 2. Step-by-step guide with illustrations and FAQs for easy filing.

NFRA Imposes ₹60 Lakh Penalty on CMIL Auditor & Debars Auditor for 2 Years

April 26, 2024 15576 Views 1 comment Print

NFRA issues Order against Krishna Neeraj & Associates and CA Krishna Kr Neeraj for professional misconduct in CMIL’s audit, imposing penalties and sanctions.

NFRA imposes ₹1.60 Crore Penalty on RHFL Auditors & Audit Firm

April 26, 2024 36837 Views 2 comments Print

National Financial Reporting Authority’s order penalizes M/s Dhiraj & Dheeraj and auditors for misconduct in the audit of Reliance Home Finance Limited.

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