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Company filed Unsigned Attachment to Form AOC-4: MCA Imposes Penalty

February 9, 2024 4431 Views 0 comment Print

Explore the MCA adjudication order imposing penalties on Kudos Finance And Investments Private Limited for filing unsigned attachments to Form AOC-4, violating section 134(6) of the Companies Act, 2013.

MCA Imposes Rs. 20000 penalty for Rs. 190 defect in eform PAS-3

February 9, 2024 9318 Views 0 comment Print

The Ministry of Corporate Affairs (MCA) recently imposed a Rs. 20000 penalty for a Rs. 190 error in an eform PAS-3. Learn more about the implications and regulatory framework of this case.

CA Foundation December, 2023 Exam Results: Gender Analysis & Pass Rates

February 8, 2024 3771 Views 0 comment Print

Get insights into Chartered Accountants Foundation Exam results held in December 2023. Detailed gender-wise analysis of pass rates. Check now on ICAI’s website

Penalty for Non-Disclosure of Board Meeting Details in Director’s Report

February 8, 2024 1599 Views 0 comment Print

Penalty Imposed on Lions Co-ordination Committee for Failure to disclose of  number of board meetings conducted and their respective dates in Director’s Report

Penalty for not attaching Board Report on Related Party Contracts in Form AOC-2 

February 6, 2024 11835 Views 0 comment Print

The violation stemmed from the company’s failure to attach the required annexure (Form AOC-2) relating to the particulars of contracts or arrangements with related parties, despite stating compliance with Section 188 of the Companies Act, 2013, in its Board Report for the financial years 2018-19 and 2019-20.

MCA Fines Rs. 3.50 Lakh for Submitting Illegible Financial Statement via E-Form AOC-4

February 5, 2024 4245 Views 0 comment Print

Ministry of Corporate Affairs imposes penalties on M/S PRE-STRESSED UDYOG for non-compliance under Section 137 of the Companies Act, 2013. Details inside. 

Draft Reply DRC-01 on Late Generation of e-invoice with AATO Less than 100 crores

February 5, 2024 22410 Views 0 comment Print

Explore intricacies of challenging DRC-01 penalty for late e-invoice generation. Understand legal provisions, compliance details, and rectification process.

Disallowance of Expenditure under Section 43B(h) of Income Tax Act, 1961

February 5, 2024 88962 Views 4 comments Print

Introduction: The Finance Act of 2023 introduced a significant amendment to Section 43B of the Income Tax Act, 1961, with the addition of clause (h). This amendment aims to ensure timely payments to micro and small enterprises, safeguarding their liquidity from potential delays in customer payments. Section 43B Overview: Section 43B of the Act is the […]

Error in drafting Section 87A of Income Tax Act, 1961

February 4, 2024 17970 Views 1 comment Print

Explore the controversial amendment to Section 87A of Income Tax Act, 1961 effective from AY 2024-25. Detailed analysis of its impact on tax liability and potential issues addressed. Learn how a drafting error may lead to unintended consequences.

France becomes first European country to accept UPI

February 2, 2024 32202 Views 0 comment Print

Discover the latest milestone as France becomes the first European country to accept UPI payments. Learn how Indian tourists can effortlessly book Eiffel Tower tickets with secure and hassle-free UPI transactions.

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