Govt advises retailers that mobile number of the consumers should not be taken without their express consent at the time of sale of any goods or services and, providing the same should not be made a mandatory pre-condition for sale. Government of India, has addressed a growing issue of retail stores mandating consumers to provide […]
Registrar of Companies, Karnataka issued an order of adjudication of penalty against Toyota Tsusho Systems India Private Limited for violating Section 135 of the Companies Act, 2013. The company failed to comply with the provisions regarding Corporate Social Responsibility (CSR) expenditure within the specified timelines. The penalty has been imposed based on the violation, and […]
In the Finance Act, 2023, an amendment was introduced in this provision to bring the consideration received from non-residents within the ambit of Clause (viib) of sub-section (2) of section 56 of the Income-tax Act, 1961.
The Transport Department of Delhi has issued a notification regarding the draft scheme called ‘The Delhi Motor Vehicles Licensing of Aggregator (Premium Buses) Scheme, 2023.‘ The scheme is being introduced in compliance with the Motor Vehicle Aggregator Guidelines, 2020. It applies to all premium buses operating under a valid Aggregator license within the National Capital […]
Standard Operating Procedure for the scrutiny of GST returns by the Government of India for the financial year 2019-20 onwards.
The Ministry of Corporate Affairs has imposed a penalty on Granite River Labs Technologies Private Limited for violating Section 12(3)(c) of the Companies Act, 2013. The company failed to include its Corporate Identity Number (CIN) on its letterhead, which is required by law. The penalty amounts to one thousand rupees per day of non-compliance, totaling […]
SEBI has vide Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/79 on May 25, 2023, introduced a model Tripartite Agreement for share transfer agents. The agreement is in accordance with Regulation 7(4) of SEBI LODR Regulations, 2015, and requires listed companies to enter into a tripartite agreement with the existing share transfer agent and the new share transfer agent. SEBI […]
Government issued a trade notice announcing an amendment to the Interest Equalisation Scheme (IES). The IES has been extended until March 31, 2024, as per the notification from the Reserve Bank of India. The amendment, which is effective immediately, introduces a cap of Rs. 10 crore per Importer Exporter Code (IEC) on the annual net […]
Impact of ‘Model Prisons and Correctional Services Act, 2023’ on efficient prison management. Learn how states and UTs can adopt this progressive legislation for reform.
Registrar of Companies, Gujarat, Dadra & Nagar Haveli issues an ex-parte order imposing penalties on M/s. Yuva Nidhi Company Limited for violating Section 117 read with Section 179 of the Companies Act, 2013. The company and its directors failed to file e-form MGT-14 for the approval of annual accounts for multiple financial years.
