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MCA imposes penalty of Rs. 1771500 for not filing Financial Statements since incorporation

December 23, 2022 1290 Views 0 comment Print

Company is in default for filing its Financial Statements since its incorporation with the office of Registrar of Companies, Patna. Whereas, this office has not received any reply from the company and its directors. Hence, it appears that the provisions of Section 137 of the Companies Act, 2013 has been contravened by the company and its […]

FSSAI: Introduction of New Kob For Fish & Fish Products

December 20, 2022 1008 Views 0 comment Print

Under FoSCoS, earlier there was no separate Kind of Business (KoB) for Manufacturers of ‘Fish and Fish Products’ and these products were licensed either under ‘General manufacturing’ or ‘Meat processing’ KoB. FSSAI, vide Order number Std/SP-10/(Formaldchyde) dated 16.11.2020 operationalized KoB and hygienic and sanitary practices to be followed by FBOs engaged in handling, processing, manufacturing, […]

MCA imposes penalty of Rs. 20 Lakh on Company & Directors for non-appointment of CS

December 20, 2022 58122 Views 1 comment Print

Imposition of Rs. 20 Lakh Penalty for Non-Appointment of Company Secretary (CS) Section 203 of the Company Act of 2013, as amended by Rule 8 Companies (Appointment and Remuneration of Managerial Personnel) Rule of 2014, mandates that certain classes of companies must appoint key personnel, including a Managing Director, Chief Executive Officer or Manager, a […]

₹37.13 Lakh penalty on Company & Directors for not filing Annual Returns

December 20, 2022 831 Views 0 comment Print

Venkatesa Fabrics Limited and its Directors have not filed Annual Return for Financial years ending 31.03.2017,31.03.2018, 31.03.2019, 31.03.2020 & 03.2021 and Financial Statement for the Financial Years ending 31.03.2017,31.03.2018, 31.03.2019, 31.03.2020 & 31.03.2021 pursuant to sub-section (4) of Section 92 and Sub-section (1) of Section 137 of the Act, thereby attracting penal provisions under Sub-Section […]

₹12.42 Lakh penalty on Company & Directors for not filing Annual Returns

December 20, 2022 465 Views 0 comment Print

Talent Alloys Private Limited and its Directors have not filed Annual Return and Financial Statement pursuant to sub-section (4) of Section 92 and Sub-section (1) of Section 137 of the Act, thereby attracting penal provisions under Sub-Section (5) of Section 92 and Sub-section (3) of Section 137 of the Act respectively. The offence is of […]

₹14.20 Lakh penalty on Company & Directors for not filing Annual Returns

December 20, 2022 1011 Views 0 comment Print

Company and its Directors have not filed Annual and Financial Statement pursuant to Section 92(4) and Section 137(1) of Companies Act, thereby attracting penal provisions under Section 92(5) and Section 137(3)

MCA imposes penalty on Company & Directors for delay in filing of e-forms PAS-3

December 19, 2022 2178 Views 0 comment Print

In terms of the provisions of section 42(8) of the Act r/w Rule 14 (6) of Companies (Prospectus and Allotment of Securities) Rules, 2014 the Company was required to file e-forms PAS-3 within fifteen(15) days of the date of each allotment.

Transfer/postings of 48 officers in the grade of CIT/DIT

December 16, 2022 9288 Views 1 comment Print

Office Order No. 274 of 2022 – Transfer/postings of 48 officers in the grade of Commissioners of Income Tax/Directors of Income Tax

Transfer/postings of 62 officers in the grade of PCIT/PDIT

December 16, 2022 3552 Views 0 comment Print

Office Order No. 273 of 2022-Income Tax transfer/postings of 62 officers in the grade of Principal Commissioner of Income Tax/ Principal Director of Income Tax

Govt to freeze MIS/SCSS/TD/KVP/NSC/RD accounts matured but not closed

December 16, 2022 6474 Views 0 comment Print

SB ORDER NO. 25/2022 F. No. FS-13/7/2020-FS-Part(1) Government of India Ministry of Communications Department of Posts Dak Bhawan, Sansad Marg, New Delhi-110001. Date: 16.12.2022 To, All Heads of Circles/Regions Subject: – Freezing of Small Savings Schemes accounts get matured but not closed after 3 years of maturity reg. Sir / Madam, As part of continuous […]

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