![Independent Director appointed Beyond Two Consecutive Terms: MCA Imposes Penalty on Company and its Officers [Read Order]](https://images.taxscan.in/h-upload/2026/01/05/500x300_2117169-independent-director-appointed-beyond-two-consecutive-terms-mca-imposes.webp "Independent Director appointed Beyond Two Consecutive Terms: MCA Imposes Penalty on Company and its Officers [Read Order]")
Independent Director appointed Beyond Two Consecutive Terms: MCA Imposes Penalty on Company and its Officers [Read Order]
The Ministry of Corporate Affairs ( MCA ) imposed a penalty on a company and its directors for the violation of Section 149(11) of the Companies Act,...
![MCA Penalises Jeevodhaya Sahaya Nidhi Ltd for Failure to Disclose Allottees’ Occupation in PAS-3, Directors Held Liable u/s 450 [Read Order]](https://images.taxscan.in/h-upload/2025/11/17/250x150_2106037-mca-jeevodhaya-sahaya-nidhi-ltd-disclose-allottees-mca-penalises-taxscan.webp "MCA Penalises Jeevodhaya Sahaya Nidhi Ltd for Failure to Disclose Allottees’ Occupation in PAS-3, Directors Held Liable u/s 450 [Read Order]")
DGGI Probes Godrej Acquisition of Raymond's FMCG for Rs. 2,825-crore; Questions GST Levy on Transaction Amount, says Reports
The Directorate General of GST Intelligence (DGGI) is currently investigating a recent business deal involving Raymond and Godrej in India. This investigation centres around Godrej Consumer Products'...
CA Engaging in any Other Profession Without Seeking Permission of Council is Guilty of Professional Misconduct: ICAI [Read Order]
The Institute of Chartered Accountants of India (ICAI) ruled that a Chartered Accountant engaging in any other profession without seeking permission of Council is guilty of professional misconduct. ...
ITAT upholds Penalty imposed for violating Provision of S.269SS of Income Tax Act due to accepting Loan from Company’s Managing Director [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench uphled the penalty imposed for violating the provision of Section 269SS of Income Tax Act 1961 due to accepting loan from companies managing...
![ITAT upholds Penalty imposed for violating Provision of S.269SS of Income Tax Act due to accepting Loan from Company’s Managing Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Penalty-violating-Provision-Income-Tax-Act-Loan-from-Companys-Managing-Director-Loan-Companys-Managing-Director-taxscan.jpg "ITAT upholds Penalty imposed for violating Provision of S.269SS of Income Tax Act due to accepting Loan from Company’s Managing Director [Read Order]")
Order remains within the control of Income Tax Authority beyond limitation period, there is a possibility of modification: Madras HC [Read Judgment]
The Madras High Court has held that the order remains within the control of Income Tax Authority beyond the limitation period, there is a possibility of modification or altered. During the year...
![Order remains within the control of Income Tax Authority beyond limitation period, there is a possibility of modification: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/02/Income-Tax-Authority-beyond-limitation-period-Madras-HC-TAXSCAN-1.jpg "Order remains within the control of Income Tax Authority beyond limitation period, there is a possibility of modification: Madras HC [Read Judgment]")
![ITAT allows Foreign Travelling Expenses of Company Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Travelling-Expenses-Taxscan.jpg "ITAT allows Foreign Travelling Expenses of Company Director [Read Order]")