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MCA imposes penalty on company for not maintaining its registered office

October 26, 2022 3336 Views 0 comment Print

The Company has not maintained its registered office pursuant to sub-section (1) and (4) of Section 12 of the Act w.e.f. 23.12.2021 (date of spot inspection conducted by this office) thereby attracting penal provisions under sub-section (8) of Section 12 of the Companies Act, 2013. The offence is of serious nature since non-maintenance of registered […]

MCA imposes penalty on Company & Directors for not filing Annual Return & Financial Statement

October 26, 2022 14610 Views 1 comment Print

The Company has not filed Annual Return(s) and Financial Statement(s) pursuant to sub-section (4) of Section 92 and sub-section (1) of Section 137 of the Act respectively for financial year ending 31.03.2021, thereby attracting penal provisions under sub-section (5) of Section 92 and sub­section (3) of Section 137 of the Act respectively. The offence is […]

Options to avail benefits under old pension scheme on death/Discharge of Govt servant under NPS

October 26, 2022 1194 Views 0 comment Print

Options under Central Civil Services (Implementation of National Pension System) Rules, 2021 to avail benefits under old pension scheme on death of Government servant covered under National Pension System during service or his discharge from service on account of invalidation or disablement

CBDT promotes 55 officers to the grade of Pr. CIT

October 26, 2022 11355 Views 0 comment Print

Vide Office Order No. 231 of 2022-Income Tax 55 officers are, promoted to the grade of Principal Commissioner of Income Tax (Pr. CIT) (level 15 in the pay matrix Rs. 1,82,200-2,24,100/-) for the panel year 2021 on in-situ basis w.e.f. the date of assumption of charge of the post by them and until further orders. […]

Clarification regarding pension to be taken for commutation after retirement

October 25, 2022 2376 Views 0 comment Print

Doubts have been raised as to which pension i.e pension authorized at the time of retirement or the pension revised subsequently and payable at the time of application for commutation shall be allowed to be commuted.

Commutation value for Government servant whose date of birth is first of a month and who retires on afternoon of last day of preceding month

October 25, 2022 2685 Views 0 comment Print

Clarification regarding commutation value for Government servant whose date of birth is the first of a month and who retires on the afternoon of the last day of the preceding month-reg

Clarification regarding Dearness Relief payable on Original Basic Pension

October 25, 2022 1173 Views 0 comment Print

It is clarified that dearness relief is payable on the original basic pension before commutation or such basic pension before commutation as revised on implementation of recommendations of Pay Commission etc. and not on the pension as reduced after deduction of commuted pension.

Deduction of commuted pension from pension revised in implementation of recommendations of Pay Commission

October 25, 2022 1701 Views 0 comment Print

What amount shall be deducted from pension in cases where the pension is subsequently revised on implementation of recommendations of Pay Commission, etc.

Monthly commuted pension not deductible from family pension if pensioner dies before restoration of commuted pension

October 25, 2022 1503 Views 0 comment Print

whether deduction towards commutation are required to be made from family pension for the remaining period in cases where the pensioner dies before the restoration of commuted pension.

Emoluments for determining mandatory contributions under NPS

October 25, 2022 1089 Views 0 comment Print

No. – 57/03/2022-P&PW(B)/8361 Government of India Ministry of Personnel, Public Grievances and Pensions Department of Pension and Pensioners’ Welfare *** 3rd Floor, Lok Nayak Bhavan, Khan Market, New Delhi, Dated the 25th October, 2022 OFFICE MEMORANDUM Subject: Emoluments for determining mandatory contributions under National Pension System in respect to Central Government employees covered under NPS. […]

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