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Notifications/Circulars

Govt permit exports benefits/ fulfilment of Export Obligations for Invoicing, payment and settlement of exports and imports in INR

November 9, 2022 4404 Views 0 comment Print

Amendments under FTP are notified, to permit exports benefits / fulfilment of Export Obligations for Invoicing, payment and settlement of exports and imports in INR, as per RBI’s A.P. (DIR Series) Circular No. 10 dated 11th July, 2022. This shall come into force with immediate effect. Government of India Ministry of Commerce & Industry Department […]

Govt permits  Invoicing, payment & settlement of exports and imports in INR for Export Proceeds under EPCG Scheme

November 9, 2022 2787 Views 0 comment Print

Amendment in Para 5.11 of the HBP are notified, to permit the Invoicing, payment and settlement of exports and imports in INR for Export Proceeds under EPCG Scheme, in sync with RBI’s A.P. (DIR Series) Circular No. 10 dated 11th July, 2022. This shall come into force with immediate effect. Government of India Ministry of […]

SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2022

November 9, 2022 2400 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2022.

MCA imposes 4 Lakh Penalty on company & directors for not having registered office

November 9, 2022 1914 Views 0 comment Print

Order for penalty for violation of section 12 of the Companies Act,2013 with respect to Magadh Spun Pipe Limited   Whereas, office of the Registrar of Companies, Bihar-cum-Official Liquidator, High Court Patna, has issued letter no. ROC/Pat/Compt/ 2091/761-765 dated 10.08.2022 to the company and its directors; however the said letter addressed to the company returned […]

MCA imposes penalty exceeding Rs. 11 Lakh for not filing Financial Statements on Company & Directors

November 9, 2022 1959 Views 0 comment Print

Order for penalty for violation of section 137 of the Companies Act, 2013 with respect to Magadh Spun Pipe Limited Company is in default for filing its Financial Statements for the financial year ended 31.03.2017 31.03.2019, 31.03.2020 and 31.03.2021 with the office of Registrar of Companies, Patna. A reply dated 03.11.2022 was received from the […]

MCA penalises company & director for non-appointment of Whole-Time CS

November 9, 2022 2898 Views 0 comment Print

The applicant company and its officers, who have defaulted the provisions of section 203(1) r/w 203(4) of the Act for non-appointment of Whole- Time Company Secretary are liable for penalties under section 203(5) of the Act w.e.f. 07th February 2021 to till date, as the last CS has vacated the office on 07th August 2020. […]

Cabinet Approves Guidelines for Uplinking & Downlinking of Satellite Television Channels in India, 2022

November 9, 2022 1773 Views 0 comment Print

Consolidated Guidelines shall ease issue of permissions to the companies/ LLPs registered in India for Uplinking and Downlinking of TV Channels, setting up of Teleports/ Teleport Hubs, use of Digital Satellite News Gathering (DSNG)/ Satellite News Gathering (SNG)/ Electronic News Gathering (ENG) systems, uplinking by Indian News agencies and temporary uplinking of a live event.

IBBI rescinds 11 Circulars with effect from 9th November, 2022

November 9, 2022 1146 Views 0 comment Print

n IP is required to prominently state in all his communications, whether by way of public announcement or otherwise to a stakeholder or to an authority, his name, address, email, Registration Number etc.

MCA imposes penalty on company for not filing return of Significant Beneficial Owners

November 9, 2022 7824 Views 0 comment Print

Sub-section (4) of Section 90 of the Companies Act, 2013, stipulates that every company shall file a return of Significant Beneficial Owners of the company and changes therein with the Registrar containing names, addresses and other details in Form No. BEN-2 within 30 days from the date of receipt of declaration from Significant Beneficial Owner, as prescribed in Rule 4 of Companies (Significant Beneficial Owners) Rules, 2018.

CIN not mentioned on letter Head of Company – MCA imposes penalty

November 9, 2022 5352 Views 0 comment Print

Company has filed INC-24 for change of name and it was noticed from enclosed letterhead of the company that the CIN was not mentioned on letter Head of Company and thereby violated provisions of Section 12(3) Companies Act, 2013

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