MCA reduces penalty as candidates who have consented for relocation to remote area for appointment as Company Secretary in company demanded a higher pay scale (above and beyond industry standards)
(a) due to Covid-19 pandemic, Company was unable to appoint Whole Time Company Secretary as none shown interest despite company’s effort during that period. (b) company is having negative reserves and surplus during the year 2021-2022. It has incurred losses during the year 2021.
NFRA’s investigations inter-alia revealed that the MACEL’s Auditor for the FY 2019-20 failed to meet the relevant requirements of the Standards on Auditing (‘SA’ hereafter) in a number of significant aspects and demonstrated a serious lack of competence. The EP failed to exercise professional judgement & skepticism during audit of fraudulent borrowings of Rs. 4,438.37 […]
Insurance Regulatory & Development Authority Master Circular Ref: IRDAI/F&I/CIR/RIC/90/4/2023 Date: 24.04.2023 Master Circular on Registration of Indian Insurance Company, 2023 The Authority has notified the IRDAI (Registration of Indian Insurance Companies) Regulations, 2022 (herein after referred to as “Regulations”). In exercise of the powers conferred by Section 14 of the IRDA Act, 1999, the Authority hereby […]
RESERVE BANK OF INDIA RBI/2023-24/18 DOR.STR.REC.12/21.04.048/2023-24 April 24, 2023 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Provisioning for standard assets by primary (Urban) co-operative banks – revised norms under four-tiered regulatory framework Please refer to circular DOR.REG.No.84/07.01.000/2022-23 dated December 01, 2022, in terms of which Urban Co-operative Banks (UCBs) have been categorized into four […]
GSTN is pleased to inform you that the functionality for bank account validation is now integrated with the GST System. This feature is introduced to ensure that the bank accounts provided by the Tax Payer is correct.
Non-Appointment CS – penalty reduced – Ac imposing maximum penalty by Registrar of Companies on company, its Managing Director and other director is very harsh, burdensome on Company.
As Rule 8A (Appointment of Company Secretaries in Companies Not Covered Under Rule 8) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (w.e.f 09.06.2014), a company other than a company covered under Rule 8 which has a paid-up share capital of five crore rupees or more shall have a whole-time company secretary. […]
ub-section (5) of Section 203 of the Act provides that if any company makes any default in complying with the provisions of this section, such company shall be liable to a penalty of five lakh rupees and every director and key managerial personnel of the company who is in default shall be liable to a penalty of fifty thousand rupees and where the default is a continuing one, with a further penalty of one thousand rupees for each day after the first during which such default continues but not exceeding five lakh rupees.
EPS-95 higher pension – Application for validation of option / joint options- Scrutiny of information & wage details submitted by employee & employer
