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Draft Format of Resolution for addition of Signatory in Bank Account

July 22, 2025 8448 Views 0 comment Print

Draft board resolution format for adding a new authorized bank signatory to a company’s bank account. Suitable for compliance with company and banking requirements.

No GST rate Cut Yet on Mango Pulp – Govt Clarified

July 21, 2025 615 Views 0 comment Print

Govt retains 12% GST on mango pulp; no proposal sent for reduction. Support to mango farmers continues through MIDH scheme with subsidies and assistance.

GSTAT Operational Delays & Interim GST Dispute Measures

July 21, 2025 1338 Views 0 comment Print

GSTAT benches face delays due to legal challenges and amendments. Interim measures include relaxed ITC limits, reduced appeal pre-deposits, and an amnesty scheme

Action against Illegal Offshore Cryptocurrency Platforms

July 21, 2025 714 Views 0 comment Print

Crypto not yet regulated in India; FIU monitors VASPs under PMLA. 1% TDS applies to VDAs. RBI issues advisories on crypto risks; no formal awareness drive.

Government Reports VDA Tax Collection and Compliance

July 21, 2025 933 Views 0 comment Print

India’s Finance Ministry details VDA/cryptocurrency tax revenue, compliance tools, and official training, addressing tax evasion concerns

Actions on Companies’ Delayed MSME Dues

July 21, 2025 1692 Views 0 comment Print

Indian government outlines measures against companies not paying MSME dues, including mandatory reporting, penalties, SAMADHAAN portal, and tax provisions.

Current Status of the Draft Digital Competition Bill

July 21, 2025 1107 Views 0 comment Print

MCA updates on Draft Digital Competition Bill; extensive consultations held. Evidence-based approach for ex-ante regulation is being considered for future implementation.

40,949 Companies Struck Off Under Section 248(2) Since FY 2023-24

July 21, 2025 2016 Views 0 comment Print

MCA details company strike-off drives, compliance mechanisms, and ease of doing business initiatives, including SFIO’s role and MCA21 V3 implementation.

CBI Arrests Income Tax Officials in Patna for Bribe

July 19, 2025 1398 Views 0 comment Print

Three Income Tax Department officials, including an Assistant Director, were arrested by the CBI in Patna for accepting a Rs. 2 lakh bribe related to a seized amount.

ICSI Advisory on MGT-7 Certification via MCA V3

July 19, 2025 12090 Views 0 comment Print

ICSI advises continued MGT-8 certification on letterhead with UDIN for Form MGT-7 filing under MCA V3, pending MCAs clarification on new integration.

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