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Delay Alone Doesn’t Vitiate NPA Order: Delhi HC Upholds DRAT Ruling Restoring SARFAESI Measures Against Company [Read Judgment]

The Delhi High Court has upheld the ruling restoring proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of...

Budget 2026 spotlight: Experts urge to fix Double taxation on the employer NPS contribution

800 Days Delay in Filing Statement of Affairs: Karnataka HC Holds Official Liquidator’s Recovery...

Payments for Live Telecast of Cricket Matches without Enduring Benefit Not Taxable as Royalty: Delhi...

CA Fails to Disclose Public Deposit Liabilities, Asset Ever-Greening: Delhi HC Upholds Three-Month...

Failure to appoint Internal Auditor: MCA Slaps ₹2.5 Lakh Penalty on Company and its Director [Read Order]

The Ministry of Corporate Affairs ( MCA ) has imposed a total penalty of ₹2.5 lakh on a private limited company and its director for failure to appoint an Internal Auditor. As per Section...

ICAI Reschedules CA Intermediate Paper 5 (Auditing & Ethics): Check New Date Here

The Institute of Chartered Accountants of India (ICAI) has rescheduled the postponed Chartered Accountants Intermediate Examination (Group II) Paper-5- Auditing and Ethics across India and abroad. As...

MCA Amends Appointment of NFRA Part-Time Members Rules [Read Notification]

The Ministry of Corporate Affairs (MCA) has issued notification no. G.S.R. 42(E) dated 13 January 2026, informing about changes in the rules related to appointment of Part-Time Members of the ...

Complete CBDT Notifications / Circulars Compilations (JAN - DEC 2025)

Notification No. : No. 1/2025 Date : January 2, 2025. Summary: This notification, under section 197A of the Income-tax Act, 1961, grants an exemption stating that no income-tax deduction...

Pre-Deposit u/s 129E Customs Act is Mandatory, Waiver Allowed Only in Rare Cases: Karnataka HC Rejects Financial Hardship Plea [Read Order]

In a recent judgment, the Karnataka High Court held that the mandatory pre-deposit requirement under Section 129E of the Customs Act, 1962 cannot be waived without rare and special circumstances....

Failure to Disclose ICC Compliance under Sexual Harassment Act in Board Report: MCA Imposes ₹3 Lakh Penalty on Company and ₹50K Each on Directors [Read Order]

The Ministry of Corporate Affairs (MCA) has imposed Rs 3 lakh penalty on a company and Rs 50,000 penalty on each of its directors on account of its failure to disclose on whether it has compiled...

Interim Dividend Deposited in Current Account Instead of Separate Bank Account: MCA Penalise Company [Read Order]

The Ministry of Corporate Affairs ( MCA ) imposed penalties on a private limited company and its director for depositing the interim dividend amount into its current account instead of a separate...

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