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IRS officer Nitin Gupta appointed as New CBDT Chairman

June 25, 2022 2745 Views 0 comment Print

The Appointments Committee of the Cabinet has approved the appointment of Shri Nitin Gupta, IRS (IT:86), Member, Central Board of Direct Taxes (CBDT) as Chairman, Central Board of Direct Taxes (CBDT) from the date of charge of the post.

IBBI suspends registration of IP for conducting CIRP of CD in a brazen manner

June 24, 2022 846 Views 0 comment Print

In view of the submission made by Mr. Partha Sarathy Sarkar, and materials available on record, DC notes that Mr. Partha Sarathy Sarkar has conducted the entire CIRP of the CD in a brazen manner without having due regard the provisions of the Code and the regulations made thereunder. Accordingly, the DC find that the […]

Acceptance of assignment of CD without holding valid AFA: IBBI suspend registration of IP

June 24, 2022 762 Views 0 comment Print

DC finds that Mr. Kedarram Ramratan Laddha had accepted an assignment as IRP of the CD without holding valid AFA and during pendency of disciplinary proceedings. Hence, the DC, in exercise of the powers conferred under section 220 (2) of the Code read Regulation 11 of the IBBI (Insolvency Professionals) Regulations, 2016, hereby suspends the […]

Assignment of additional charge(s) to officers in Pr.CCsIT/Pr.DGsIT/CcsIT/DGsIT grade

June 22, 2022 2196 Views 0 comment Print

Office Order No. 127 of 2022[ Assignment of additional charge(s) to officers in the grade of Pr.CCsIT/Pr.DGsIT/CcsIT/DGsIT] F.No. A-22012/1/2021-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi The 22nd June, 2022 OFFICE ORDER NO. 127 OF 2022 The following officers in the grade of Pr. CCsIT […]

IBBI directs Insolvency Professional to be careful in future while handling CIRPs

June 21, 2022 1212 Views 0 comment Print

SCN is disposed of with caution to Mr. Srinivasan Karthigeyan for being more careful in future while handling CIRPs. In case, such repetitive instances are noticed in future, the matter will be treated as wilful negligence and action will be taken accordingly.

NFRA imposes Penalty and Sanctions on a CA for professional misconduct

June 21, 2022 10179 Views 0 comment Print

Considering the fact that professional misconduct has been proved, NFRA imposes monetary penalty of Rs 100,000 upon CA Gulshan Jagdish Jham.

Non appointment of CEO & Whole-time CS – RD reduces penalty

June 16, 2022 918 Views 0 comment Print

The company being an unlisted public limited one with a paid-up capital of Rs. 29,70,00,000/- failed to appoint Whole-time Company Secretary within 06 (six) months from the date of casual vacancy i.e. from 17.02.2020 to 10.06.2022, in accordance ‘with Sec. 203(4) of the Companies Act, 2013 and also not appointed Chief Executive Officer (CEO-KMP) within […]

MGST: Orders for power delegation & area jurisdiction in case of DCST-INV & ACST-INV

June 15, 2022 2514 Views 0 comment Print

MGST: Orders for power delegation & area jurisdiction in case of DCST-INV & ACST-INV COMMISSIONER OF STATE TAX, MAHARASHTRA STATE GST Bhavan, Mazgaon, Mumbai 400 010, dated 15th June, 2022. Order MAHARASHTRA GOODS AND SERVICES TAX ACT, 2017. Order No. PWR-GST/2017/01/ADM-8/(I).—In exercise of the powers conferred by sub-section (2) of section 4 of the Maharashtra […]

IBBI taken no action against 70 year old IP who surrendered application

June 14, 2022 753 Views 0 comment Print

DC finds that Mr. Venkata Nagulapati has contravened the section 208(2)(a) and 208(2)(e) of the Code read with regulation 7(2) of GCHP Regulation and regulation 7(2)(a) and 7(2)(h) of IP Regulations, clause 19 of the Code of Conduct. However, considering the facts that Venkata Nagulapati has attained the age of more than 70 years and […]

SOP for Export of Sugar in view of restriction vide N/N. 10/2015-20

June 10, 2022 2337 Views 0 comment Print

The quantity which has been dispatched from the sugar mill up to 31.05.2022 or which is in transit or lying on the port area shall continue to be undertaken for export without any requirement of separate release order in respect of source sugar mill.

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