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₹ 12 Lakh Penalty Upheld for Non-Constitution of Nomination & Remuneration Committee

August 2, 2024 81 Views 0 comment Print

MCA RD confirmed a ₹12 lakh penalty for Khed Developers Ltd. due to non-constitution of the Nomination & Remuneration Committee as required by the Companies Act.

Gross and Net GST revenue collections for the month of July, 2024

August 2, 2024 162 Views 0 comment Print

Discover the detailed gross and net GST revenue collections for July 2024. Learn about the growth trends and state-wise breakdown of GST revenues.

103 Transfers and Postings of Customs and Indirect Taxes Commissioners

August 2, 2024 564 Views 0 comment Print

Office Order No. 125/2024: Immediate transfers and postings of Principal Commissioners and Commissioners in Customs and Indirect Taxes. Check the detailed list here.

Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks

August 2, 2024 363 Views 0 comment Print

RBI revises Bad and Doubtful Debt Reserve (BDDR) guidelines for co-operative banks, ensuring uniformity and compliance with Accounting Standards and prudential norms.

SEBI Imposes Rs 2 Crore Penalty on JM Financial Asset Management and Others

August 2, 2024 330 Views 0 comment Print

SEBI adjudicates on JM Financial Mutual Fund’s NAV surge due to DHFL securities sale, uncover-ing unfair trade practices by key individuals violating SEBI regulations.

SEBI Order on Stock Recommendations via Telegram Channels in Unison Metals Limited

August 2, 2024 213 Views 0 comment Print

SEBI’s interim order investigates fraudulent activities in Unison Metals Limited stock tips, implicating key individuals. Detailed analysis reveals major violations.

Harmonisation of Chapters 40 to 98 of Schedule-II (Export Policy) to ITC(HS) codes

August 2, 2024 258 Views 0 comment Print

DGFT updates Schedule-II Export Policy with ITC(HS) codes for Chapters 40-98. Comments due by 11.08.2024. See Trade Notice No. 11/2024-25 for details.

Non-Filing of Form AOC-4 NBFC: MCA set-aside penalty of Rs. 314700

August 2, 2024 1005 Views 0 comment Print

Kudos Finance wins appeal against penalty for non-filing Form AOC-4 NBFC. Regional Director of MCA sets aside Rs. 314,700 penalty. 

Delay in Filing of Form MGT-4, 5 & 6: MCA RD upheld penalty of Rs. 1.59 Lakh

August 2, 2024 237 Views 0 comment Print

Regional Director confirms ₹1.59 lakh penalty for Kudos Finance over delay in filing MGT-4, MGT-5, and MGT-6. 

Non-constitution of Audit Committee: MCA RD Upheld Penalty of Rs. 12 Lakh

August 2, 2024 150 Views 0 comment Print

Khed Developers’ appeal against a ₹12 lakh penalty for failing to form an Audit Committee was dismissed. Learn about the case, its implications, and the Regional Director’s ruling.

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