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Orders

Reconstituted membership of Group of Ministers (GoM) on GST System Reforms

July 13, 2024 159 Views 0 comment Print

Explore the latest reconstitution of the Goods and Services Tax Council’s Group of Ministers in 2024. Stay informed on GST System Reforms and their impact.

Partnership Act 1932: Auditing Not Mandatory Before Sharing Firm Financials with legal heirs

July 13, 2024 309 Views 0 comment Print

Explore Section 12(e) of the Partnership Act 1932 and its implications on sharing firm financials with legal heirs. Detailed analysis and conclusions included.

IBBI suspends IP for discussions with ex-directors regarding fees as RP

July 11, 2024 90 Views 0 comment Print

Explore IBBI’s Disciplinary Order No. IBBI/DC/228/2024 dated 11 July 2024 against Reshma Mittal, detailing the CIRP process, alleged contraventions, and findings. Read more.

IBBI Imposes ₹2 Lakh Penalty on IP for Lack of Cooperation with Investigation Agencies

July 11, 2024 30 Views 0 comment Print

Read the detailed analysis of IBBI’s Disciplinary Committee order against Narender Kumar Sharma, an Insolvency Professional, regarding alleged violations during CIRP.

Section 90(4) Violation: MCA imposes Penalty of Rs. 9 Lakh on Herox & Directors

July 9, 2024 264 Views 0 comment Print

Despite notices, the company failed to file e-form BEN-2 per section 90(4) until proceedings began. MCA imposed a penalty of Rs. 9 Lakh on the company and its directors.

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

July 9, 2024 303 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.

IBBI Penalizes RP for Submitting Revised Resolution Plan to AA Without CoC Approval

July 8, 2024 276 Views 0 comment Print

IBBI suspends & Penalises RP For submitting a revised resolution plan to the Adjudicating Authority (AA) without obtaining the final approval from the Committee of Creditors (CoC)

Audit Committee Non-Constitution (Section 177): MCA Imposes whopping ₹39 Lakh Penalty

July 6, 2024 3387 Views 0 comment Print

MCA imposes penalties on Best & Crompton Engineering Projects Ltd. for failing to constitute an Audit Committee from FY 2014-15 to 2019-20. Learn more here.

NFRA Penalized Audit Firm & CA for negligence & inadequate due diligence

July 6, 2024 546 Views 0 comment Print

Explore NFRA Order No. 019/2024 detailing penalties imposed on M/s Singh Ajay & Co. and CA Priyank Mittal for audit lapses in Vikas Proppant and Granite Limited’s financial statements.

NFRA Penalized Audit Firm & CA for Lapses in Conduct of Statutory Audit

July 5, 2024 102 Views 0 comment Print

Explore NFRA Order No. 018/2024 on CA Yogesh Mahipal for audit misconduct findings and penalties under Companies Act 2013. Detailed analysis of audit failures and implications.

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