ICSI proposes MCA to introduce CS Compliance Certificate for Small Companies Turnover not Exceeding Rs. 40 crores [Read Notification]
The Institute of Company Secretaries of India (ICSI) has recommended to the Ministry of Corporate Affairs (MCA) the introduction of a Compliance...
Monetary Relief on Fraud Committed by Oppression and Mismanagement can only be granted by NCLT u/s 242 of Companies Act: NCLAT
In a recent ruling, the Delhi bench of the National Company Law Appellate Tribunal (NCLAT) monetary relief on fraud committed by oppression and mismanagement can only be granted by National Company...
Karnataka High Court Directs Defreezing of Bank Account in Service Tax Dispute upon Furnishing of Security by Assessee [Read Order]
The Karnataka High Court has directed the defreezing of the bank account of the assessee in a service tax dispute upon the furnishing of security by the assessee. The decision came in response to...
![Karnataka High Court Directs Defreezing of Bank Account in Service Tax Dispute upon Furnishing of Security by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Karnataka-High-Court-High-Court-Karnataka-High-Court-Directs-Defreezing-of-Bank-Account-Bank-Account-taxscan.jpg "Karnataka High Court Directs Defreezing of Bank Account in Service Tax Dispute upon Furnishing of Security by Assessee [Read Order]")
Delay in Filing Declaration Form INC- 20A: MCA orders ‘No Penalty’ as Company Files Suo-Moto Strike off Application
The Ministry of Corporate Affairs (MCA) has declared ‘No Penalty’ on the delay in filing declaration Form INC-20A. The authority observed that the company has already filed suo-moto application for...
NFRA issues Circulars on Statutory Auditors’ Responsibilities in relation to Fraud in a Company [Read Circular]
The National Financial Reporting Authority (NFRA) addressing the Auditors of the Entities, issued a circular on 26th June 2023 regarding the responsibilities of the Statutory Auditors in relation to...
MCA Imposes Penalty of Rs. 4 Lacs for Non-filing of Form MGT-14 on Startup Company u/s 446B of Companies Act [Read Order]
The Ministry of Corporate Affairs (MCA) has imposed a penalty of Rs. 4 Lakhs on a small startup company for non filing of the Form MGT - 14 through vide order issued on 18th May 2023 under Section...
![MCA Imposes Penalty of Rs. 4 Lacs for Non-filing of Form MGT-14 on Startup Company u/s 446B of Companies Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/MCA-Imposes-Penalty-Non-filing-MGT-14-Startup-Company-Companies-Act-TAXSCAN.jpg "MCA Imposes Penalty of Rs. 4 Lacs for Non-filing of Form MGT-14 on Startup Company u/s 446B of Companies Act [Read Order]")
No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal (ITAT) held that no addition could be made by the way of disallowance of capital loss on account of no change in real ownership of the company of...
![No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Addition-No-Addition-can-be-made-Disallowance-of-Capital-Loss-on-Account-Account-Disallowance-Capital-Loss-Way-of-Disallowance-Real-Ownership-of-Company-Ownership-of-Company-taxscan.jpg "No Addition can be made by Way of Disallowance of Capital Loss on Account of no Change in Real Ownership of Company: ITAT [Read Order]")