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WBGST: Extension of period for completion of GST Audit

July 11, 2022 1086 Views 0 comment Print

Extension of period for completion of Audit as per the proviso to sub-section (4) of section 65 of the WBGST Act, 2017 for the period starting on or after 1st day of July, 2017 and ending on or before 31st day of March, 2018 in cases where audit has commenced till 31st day of May 2022.

IRDAI Constitutes Task force to study issues faced by Life Insurers & Reinsurers

July 7, 2022 555 Views 0 comment Print

To examine the matter in detail and to sort out the issues between Life Insurers and Reinsurers, it is decided to constitute a Task Force with the following participants:

IRDAI Constitutes Task force to study issues faced by Non-Life Insurers & Reinsurers

July 7, 2022 1914 Views 0 comment Print

To examine the matter in detail and to sort out the issues between Non- Life Insurers and Reinsurers, it is decided to constitute a Task Force with the following participants:

IBBI warns IP & advised to be careful & ensure full compliance of IBC, 2016

July 5, 2022 1005 Views 0 comment Print

It is observed that in accordance with the regulation 36 of the CIRP Regulations, Mr. Gupta has not mentioned the amount of claims, voting share, details of security interest, date of acquisition, cost of acquisition, remaining useful life, identification number, depreciation charged, book value, and any other relevant details related to assets, as on the […]

Rs.10 lakh penalty imposed for failure to co-opt MD as Additional Director

July 5, 2022 3234 Views 1 comment Print

(a) The company had appointed Mr. Sachin Barisal as the Managing Director and CEO of the Company (KMP) vide its Board Resolution dated 27.2.2020 for a period of five years from March 6 2020. (b) However, by inadvertence, the Board had omitted to co-opt him as Additional Director before appointing him as Managing Director.

IBBI directs IP to undergo pre-registration educational course

July 5, 2022 714 Views 0 comment Print

IBBI held that in view of the submission made by Mr. Sunil Kumar Agarwal, and materials available on record, DC notes that Mr. Sunil Kumar Agarwal has erred on all counts as detailed above. Be it related to filling of avoidance application; appointment of valuers or related to publication announcements, the responses are not as […]

MahaRERA: Process for regular updates on Registered Projects by Promoters

July 5, 2022 4983 Views 0 comment Print

As a step towards ensuring that Real Estate Projects related data is updated and current, MahaRERA categorized all updates to be provided by promoter in 7 categories

Pecuniary Limit changed for Rajasthan State GST Officers

July 4, 2022 4626 Views 0 comment Print

Rajasthan govt notifies that Assistant Commissioner of State Tax shall have the jurisdiction over the taxable person having annual turnover in State Upto Rs. 2.5 Cr. and Joint/ Deputy Commissioner of State Tax hall have the jurisdiction over the taxable person having annual turnover in State Above Rs. 2.5 Cr. GOVERNMENT OF RAJASTHAN COMMERCIAL TAXES […]

Reassessment of Bills of Entry involving Refund Claim of Excess Duty paid

July 4, 2022 13773 Views 0 comment Print

It was held that the claim of refund cannot be entertained unless the order of assessment or self- assessment is modified in accordance with law by taking recourse to the appropriate proceedings

ROC imposes penalty for not mentioning CIN on Financials

July 1, 2022 54048 Views 0 comment Print

As per Section 12(3)(c) of the Companies Act, 2013, ‘every company shall get its name , address of its registered office and Corporate Identity Number along with telephone number, fax number, if any, e mail and website addresses, if any , printed in all its business letters, bill heads, letter papers, and in all its notices and other official publications.’

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