Explore the latest Customs Notification No. 10/2024 on exchange rates by the Central Board of Indirect Taxes and Customs. Analyze how it affects imports and exports for various foreign currencies.
Explore the new Standard Operating Procedure (SOP) for CBDT transfers at the level of US and above. Learn the process, guidelines, and how officers can apply. Stay informed!
The Finance Bill, 2024, also known as Bill No. 14 of 2024, is a legislative proposal introduced in the Lok Sabha, the lower house of the Parliament of India. The bill was introduced on the 1st of February, 2024. The Finance Bill is a crucial part of the Union Budget, as it lays out the government’s proposed financial […]
Discover how IBM Global Financing India’s non-appointment of a Company Secretary led to a hefty penalty by MCA, which was later reduced from ₹29.94 lakh to ₹4.49 lakh after appeal.
In a significant decision, the MCA reduced the penalty for Shrushti Contech Pvt Ltd’s non-appointment of a Company Secretary from ₹25 lakh to ₹3.75 lakh. Discover the details.
Explore the appeal filed by Stanley Lifestyles Limited against penalties imposed under the Companies Act, 2013, and the subsequent reduction in penalties by the Registrar of Companies, Karnataka.
Explore the appeal filed by Shrushti Contech Private Limited against penalties under the Companies Act, 2013. Detailed analysis of the adjudication order and its implications.
Read about the reduction of penalty from Rs. 29.94 lakh to 15% by MCA due to non-appointment of CS by IBM Global Financing India Pvt. Ltd. Detailed analysis provided.
Appellants contested an adjudication order for failing to comply with Section 203 of the Companies Act, 2013, which mandates the appointment of a whole-time company secretary for companies with a paid-up capital exceeding Rs. 5 crores.
RBI directive urges financial institutions to upgrade compliance monitoring systems. Explore the streamlining process, technology leverage, and implementation timeline.
