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Notifications/Circulars

MCA Imposes Penalty for Non-Filing of Annual Return – Company Violates Section 92(4)

May 25, 2023 27711 Views 0 comment Print

MCA imposed penalties on Yuva Nidhi Company Limited for failing to file annual return, in violation of Section 92(4) of Companies Act, 2013

MGT-14 in respect of approval of Board Report not filed- MCA imposes penalty

May 25, 2023 17028 Views 0 comment Print

Penalty imposed by MCA on Yuva Nidhi Company Limited for non-compliance of MGT-14 filing regarding Board Report approval

Clarification on the classification of product DHA Algal oil

May 25, 2023 1344 Views 0 comment Print

CBIC issued Instruction No. 18/2023-Customs regarding the classification of DHA Algal oil. The instruction aims to bring uniformity in the classification of imported products such as Algal Oil or Algal Oil powder, which contain varying concentrations of DHA (Docosa Hexaenoic Acid) extracted from marine algae. The product, along with impurities and stabilizing ingredients, is used […]

Revised Anti Money Laundering guideline for post office Savings Schemes

May 25, 2023 3354 Views 0 comment Print

Revised guidelines on AML/CFT norms to be followed in post offices in respect of National (Small) Savings Schemes

Non-Maintenance of Section 189 Register – MCA imposes Penalty

May 25, 2023 10758 Views 0 comment Print

Section 189 of the Companies Act, 2013 requires companies to maintain registers of contracts or arrangements in which directors are interested. Failure to comply with this section carries a penalty of Rs. 25,000 for each defaulting director.

Company not filed Balance Sheet – MCA imposes penalty

May 25, 2023 9810 Views 0 comment Print

MCA imposed penalties on Yuva Nidhi Company Limited for failing to file balance sheet in violation of Section 137 of the Companies Act, 2013.

MCA Imposes Penalty for Private Placement Offer Letters Without Filing Required Resolutions

May 25, 2023 1191 Views 0 comment Print

Registrar of Companies (Karnataka) has issued an order adjudicating penalties on Vidyuttech Services Private Limited for violating provisions of section 42 Companies Act, 2013 related to private placement of securities.  Company accepted money before passing relevant resolutions and issued private placement offer letters without filing the required resolutions with the Registrar. The company, along with […]

Excessive Borrowing without Shareholders’ Approval -MCA imposes penalty

May 25, 2023 5529 Views 0 comment Print

MCA’s imposed penalty on Yuva Nidhi Company Limited for exceeding borrowing limits without shareholders’ approval, in violation of the Companies Act, 2013.

Weekly newsletter from Chairman, CBIC dated 25/05/2023

May 25, 2023 285 Views 0 comment Print

Weekly newsletter from Chairman, CBIC dated 25/05/2023 highlights the importance of organizational commitment and the need to prioritize the needs of the organization over personal aspirations. The newsletter encourages officers to embrace unexpected changes as opportunities for growth and emphasizes the potential to make a difference regardless of location or assignment. Additionally, the circular acknowledges […]

Kerala GST – Allocation of Adjudication Files to Deputy Commissioners

May 25, 2023 1038 Views 0 comment Print

Office of the Commissioner of the State Goods and Services Tax (SGST) Department in Kerala has issued Circular No. 11/2023 regarding the allocation of adjudication files to Deputy Commissioners of Taxpayer Services Vertical and Deputy Commissioner Adjudication. The circular aims to streamline the distribution of work among Deputy Commissioners of Taxpayer Services and Deputy Commissioners […]

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