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Notifications/Circulars

NFRA Penalizes Auditor for Non-Compliances with auditing norms

July 27, 2023 5148 Views 0 comment Print

The National Financial Reporting Authority (NFRA) has issued an order penalizing CA Sachin Kansai, the Engagement Partner (EP) for the audit of M/s Anshu’s Clothing Ltd (now known as Aditri Gems & Jewels Ltd) for the Financial Year (FY) 2015-16, under Section 132(4) of the Companies Act, 2013. The order addresses various non-compliances with accounting […]

PFRDA Guidelines on ASP Selection and Charges for NPS Subscribers

July 27, 2023 780 Views 0 comment Print

PFRDA issues guidelines emphasizing individual choice in Annuity Service Provider selection and clarifying no additional charges for NPS subscribers.

Updated SOP for Income Recomputation of Sugar Co-ops in India

July 27, 2023 807 Views 0 comment Print

Explore the new standard operating procedures (SOP) issued by India’s Ministry of Finance for recomputing income for co-operative sugar factories.

RBI Clarifies Star (*) Symbol on Banknotes

July 27, 2023 1728 Views 0 comment Print

Reserve Bank of India (RBI) addresses discussions on social media regarding the Star (*) symbol on banknotes, clarifying that it indicates a replacement for defectively printed notes. The banknote with the Star (*) symbol is legally valid, and information is available on the RBI website.

Non-holding of Board Meeting – MCA imposes Penalty

July 27, 2023 5685 Views 0 comment Print

MCA imposes penalties on Sarada Pleasure And Adventure Limited and its directors for non-holding of board meetings in violation of Section 173 of the Companies Act, 2013.

Company Fails to Print Contact Info on Resolutions – MCA Imposes Penalty

July 27, 2023 3831 Views 0 comment Print

Ministry of Corporate Affairs (MCA) penalizes Mahadeva Vehicles Pvt. Ltd. & directors for not displaying contact info on board resolution. Analysis & order details.

Non-maintenance of Registered office – MCA imposes Rs. 4 Lakh Penalty

July 27, 2023 3705 Views 0 comment Print

Ministry of Corporate Affairs (MCA) has imposed a penalty of Rs. 4 lakh on Bangda Real Infra Limited and its directors for non-maintenance of its registered office. This penalty follows a violation of section 12(1) of the Companies Act, 2013, which mandates companies to have a registered office capable of receiving and acknowledging all communications […]

Order for Penalty for Violation of Section 137 of Companies Act, 2013

July 27, 2023 2835 Views 0 comment Print

Sarada Pleasure And Adventure Limited, a Bihar-based company, is ordered to pay penalties for violating Section 137 of the Companies Act, 2013 by not filing financial statements.

CBDT Clarification on Rule 114F(5) of Income Tax Rules

July 26, 2023 1983 Views 0 comment Print

Get the latest clarification from CBDT on Rule 114F(5) of the Income Tax Rules, 1962. Know the status of Treaty Qualified Retirement Fund and more.

GST Compensation Cess Rate Changes in Tobacco Products & Pan Masala

July 26, 2023 18837 Views 0 comment Print

CBIC notifies rate changes in Compensation Cess for Pan Masala and Tobacco Products as per 50th GST Council Meeting vide Notification No. 3/2023-Compensation Cess (Rate)

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