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Notifications/Circulars

Audit committee not constituted- MCA Imposes 7 Lakh Penalty

April 11, 2023 12147 Views 0 comment Print

Resonance Eduventures Ltd faces a 7 lakh penalty from MCA for not constituting an audit committee, violating Section 177 of Companies Act 2013. Details here.

Non-constitution of audit committee- MCS imposes 7 Lakh Penalty

April 11, 2023 3975 Views 0 comment Print

Registrar of Companies in Rajasthan penalizes Resonance Eduventures for not constituting an audit committee, imposing a 7 Lakh penalty.

MCA Imposes 5 Lakh Penalty for Non-Appointment of Independent Directors

April 11, 2023 4911 Views 0 comment Print

Discover penalty imposed by MCA on Resonance Eduventures Limited for failing to appoint independent directors, as per Companies Act 2013. Learn about violation, penalties, and implications.

Master Circular – Housing Finance for UCBs

April 11, 2023 4839 Views 0 comment Print

The role of primary (urban) co-operative banks (UCBs) in providing housing finance has been reviewed from time to time. These banks, with their vast network, occupy a very strategic position in the financial system and have an important role to play in providing credit to the housing sector.

Extension of Validity of ANFs & Appendices issued under FTP (2015-20)

April 11, 2023 708 Views 0 comment Print

DGFT extends validity of ANFs & Appendices notified under FTP (2015­20) till 31st May, 2023 or up to the date on which new ANFs & Appendices are notified

Procedure for obtaining RC & allocation of QR for import of Isopropyl Alcohol

April 11, 2023 1503 Views 0 comment Print

Procedure for filing application/issuance of Registration Certificate (RC) for import of Isopropyl Alcohol [under ITC(HS) Code 29051220] subject to Country-wise Quantitative Restrictions (QR) for the year 2023­24 have been specified.

Formulation of price bands for first day of trading pursuant to IPO, re-listing

April 11, 2023 705 Views 0 comment Print

For trading on first day pursuant to IPO or re-listing (including re-listing on account of scheme of arrangement but excluding scrips for which derivative contracts are available) Call Auction session would continue to be conducted separately on individual exchanges and orders would be matched by respective exchanges after computation of equilibrium price.

Framework for acceptance of Green Deposits

April 11, 2023 1713 Views 0 comment Print

To encourage regulated entities (REs) to offer green deposits to customers, protect interest of the depositors, aid customers to achieve their sustainability agenda, address greenwashing concerns and help augment the flow of credit to green activities/projects.

CBDT notifies Cost Inflation Index for Financial Year 2023-24

April 10, 2023 19704 Views 0 comment Print

CBDT notifies Cost Inflation Index for Financial Year 2023-24 at 348 vide Notification No. 21/2023-Income Tax Dated: 10th April, 2023. Cost inflation Index for Financial Year 2022-23 was 331 so Increase in Cost Inflation Index for FY 2023-24 is mere 5.14%.  MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) New Delhi Notification […]

Additional affirmations by Practicing Company Secretaries in ASCR

April 10, 2023 6285 Views 0 comment Print

Compliances of the listed entity are in accordance with the applicable Secretarial Standards (SS) issued by the Institute of Company Secretaries India (ICSI)

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