![Company & Directors Face Penalty from MCA for Non-Compliance with DIN Disclosure in Financial Statements [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Company-Directors-Company-Directors-Face-Penalty-Penalty-MCA-MCA-for-Non-Compliance-DIN-DIN-Disclosure-Financial-Statements-taxscan.jpg "Company & Directors Face Penalty from MCA for Non-Compliance with DIN Disclosure in Financial Statements [Read Order]")
Company & Directors Face Penalty from MCA for Non-Compliance with DIN Disclosure in Financial Statements [Read Order]
In the recent order of adjudication passed by the Ministry of Corporate Affairs ( MCA ) Registrar of Companies, a penalty totaling 18 lakhs for 3...
![Rs. 27.04 Cr. Share Application Money Addition u/s 68: ITAT Directs Re-Examination of Financial Statements of Investors [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Share-Application-ITAT-Share-Application-Money-ITAT-Directs-Re-Examination-Financial-Statements-Financial-Statements-of-Investors-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Taxscan.jpg "Rs. 27.04 Cr. Share Application Money Addition u/s 68: ITAT Directs Re-Examination of Financial Statements of Investors [Read Order]")
Backdating and Falsification of Company Financial Statements: ICAI dismisses Misconduct Allegations against CA citing Lack of Incriminating Evidence
The Institute of Chartered Accountants ( ICAI ) recently dismissed a case of professional misconduct against a Chartered Accountant ( CA ) owing to the inability of complainant to adduce...
No Evidence on Record shows Services Received against Foreign Currency Spend: CESTAT quashes Demand, Penalty and Interest [Read Order]
In a significant decision, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Eastern Zonal Bench, Kolkata, dismissed a service tax demand of ₹51,68,799, along with associated...
![No Evidence on Record shows Services Received against Foreign Currency Spend: CESTAT quashes Demand, Penalty and Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Finance-Ministry-notifies-Foreign-Currency-Conversion-Rates-for-Import-and-Export-of-Goods-TAXSCAN.jpg "No Evidence on Record shows Services Received against Foreign Currency Spend: CESTAT quashes Demand, Penalty and Interest [Read Order]")
MCA amends Companies (Indian Accounting Standards) Rules, Inserts IND AS 117 wr.t. Insurance Contracts
The Corporate Affairs Ministry ( MCA ) has amended the Companies ( Indian Accounting Standards ) Rules, 2015, specifically targeting the insurance sector. As per the notification no. G.S.R. 492 (E)...
Failure to Assemble Audit File within 60 days of Completion of Audit: NFRA Debars CA and Firm for 2 Years [Read Order]
A CA ( Chartered Accountant ) and his firm was debarred by the financial reporting authority for failure to submit the audit file within 60 days of completion of the audit. The NFRA also imposed a...
Financial Reporting for Companies: 7 Objectives to Keep in Mind during Preparation and Audit of Financial Statements
Financial statements provide the exact and lucid mirror image of the financial state of a company, firm or enterprise in business finance. Financial statements, including Balance Sheet, Profit and...
