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Notifications/Circulars

Section 138(1)(a) of Income-tax Act: Information Sharing with Telangana Government

July 9, 2024 1278 Views 0 comment Print

CBDT directs DGIT (Systems) to share income tax information with Telangana’s Agriculture Department as per Section 138(1)(a) of the Income-tax Act, 1961.

Amendment to Circular for Bangladesh Cargo Transshipment Through Bengaluru

July 9, 2024 822 Views 0 comment Print

The CBIC amends Circular No. 29/2020 to allow transshipment of Bangladesh export cargo through Kempegowda International Airport, Bengaluru.

SEBI Circular on AIFs Dissolution and Liquidation Period

July 9, 2024 2688 Views 0 comment Print

SEBI issues guidelines for AIFs on dissolution periods, additional liquidation, and in-specie distribution. Detailed compliance requirements for schemes.

Non-adherence to CSR requirements: MCA imposes penalty on directors

July 9, 2024 1239 Views 0 comment Print

Lantiq Communications India Pvt Ltd faces penalties for CSR non-compliance under Sections 134 and 135 of the Companies Act. Penalties for directors include ₹1,00,000 each.

Section 138 Notification: Agriculture Production Commissioner, Telangana specified

July 9, 2024 498 Views 0 comment Print

Discover the latest Income Tax Act notification under section 138 for Telangana by the Ministry of Finance. Details on the designation and its implications explained.

Failure to convey Board Meetings: MCA imposes ₹28.5 Lakh Penalty

July 9, 2024 1056 Views 0 comment Print

Water and Sanitation for Urban Poor NGO penalized for non-compliance with board meeting requirements from 2011 to 2019. Detailed adjudication order inside.

Violation of Section 158: RD, MCA reduces penalty to 50%

July 9, 2024 798 Views 0 comment Print

Mars Mercantiles Pvt Ltd’s penalty for violating Section 158 of the Companies Act was reduced by the Regional Director (ER) to ₹1.5 Lakhs on appeal.

Violation of Section 161: RD, MCA reduces penalty to 50%

July 9, 2024 552 Views 0 comment Print

The Regional Director, Eastern Region, reduces the penalty imposed on Mayflower Infra Realty Pvt. Ltd. and its Director for violating Section 161 of the Companies Act, 2013.

MCA levied ₹10 Lakh Penalty for Related Party Income Over 10% Without Approval

July 9, 2024 19623 Views 0 comment Print

Company earned over 10% of turnover from a related party but failed to get shareholder approval, violating section 188. MCA imposes a penalty.

Guideline about conduct of GST Audit-reg

July 9, 2024 2727 Views 0 comment Print

Detailed guidelines for conducting GST audits in Maharashtra, including desk review, team formation, and audit monitoring for FY 2020-21 and 2021-22.

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