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Customs Waiver of Interest from 11th April, 2023 to 13th April, 2023

April 11, 2023 2691 Views 0 comment Print

CBIC waives whole of interest payable under sub-section (2) of section 47 of the said Act, for the period from 11th April, 2023 upto and including the 13th April, 2023, in respect of such goods, where the payment of import duty is to be made from the amount available in electronic cash ledger.

MCA Imposes Penalty for Delayed Filing of Form INC-20A

April 11, 2023 29364 Views 0 comment Print

As per Rule 23A of the Companies (Incorporation) Rules, 2014, the declaration under section 10A by a director shall be in Form No. INC-20A and shall be filed as provided in the Companies (Registration Offices and Fees) Rules, 2014 and the contents of the said form shall be verified by a company secretary or a […]

Company not constituted Nomination & Remuneration committee – MCA imposes 7 Lakh Penalty

April 11, 2023 8613 Views 0 comment Print

Resonance Eduventures Limited, its MD & CEO, and CS face a penalty of 7 Lakhs imposed by Ministry of Corporate Affairs for not constituting Nomination and Remuneration Committee as required by Companies Act, 2013.”

Audit committee not constituted- MCA Imposes 7 Lakh Penalty

April 11, 2023 13041 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 4740 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 6648 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.

Clearance of import consignments where duty payment is not reflected in ICES

April 6, 2023 7566 Views 0 comment Print

Grievances from trade received that after payment of duty the same is not being reflected in ICES and Out of Charge (OOC) is not getting effected by the ICES.

Customs (Waiver of Interest) for technical difficulties on Common Portal

April 6, 2023 2394 Views 0 comment Print

CBIC waives interest payable under section 47(2) of Customs Act, 1962, for from 1st April, 2023 upto and including the 10th April, 2023

Penalty imposed on company for not conducting 4 board meetings in a year

April 5, 2023 22581 Views 0 comment Print

ROC Delhi imposes penalty on Delhi based Private Limited Company for non-compliance of Section 118 of Companies Act, 2013 i.e. for not conducting 4 board meetings in a year. Facts: The Company had filed suo-motu an application for adjudication for violation of Section 118(10) of the Act, r/w Secretarial Standard -1, issued by ICSI, wherein […]

MCA imposes penalty on company for delay in conducting board meeting

April 5, 2023 3045 Views 0 comment Print

In this case company was required to convene it’s fourth board meeting for the calendar year 2020 on or before 31.12.2020. However, company held its next board meeting on 01.02.2021 with delay of 31 day (i.e., From 01.01.2021 to 01.02.2021). Hence, the company has not complied the provision of the section 173(1) of the Companies […]

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