Set back to Reebok: Delhi HC upholds rejection of Conversion to Limited Liability Company [Read Order]
In a major setback to Reebok Company, the Delhi High Court upheld the rejection of conversion to limited liability company. After consideration of...
Non Recognition of Interest Cost on Borrowings as Non-Performing Assets Amounts to Gross Violation of Professional Misconduct: NFRA Imposes 1 Lakh Fine on CA
The National Financial Reporting Authority (NFRA) has held that non-recognition of interest cost on borrowings as non-performing assets amounts to a gross violation of professional misconduct and...
Name of Company cannot be Struck off when Company has Substantial movables as well as Immovable Assets: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has held that the name of the company cannot be struck off when the company has substantial movables as well as immovable assets. Bharat Goyal,...
MCA imposes Penalty of ₹20 Lakhs on Company and its Directors for Non-Appointment of Whole-Time Company Secretary
The company and its directors have been fined Rs. 20 lakhs by the Ministry of Corporate Affairs (MCA) due to their failure to appoint a whole-time secretary. The penalty was imposed as a result of a...
MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]
The Ministry of Corporate Affairs (MCA) has made it compulsory to file all overdue financial statements and annual returns for closure of Companies, announcing new conditions for companies wishing to...
![MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/MCA-Compulsory-filing-overdue-financial-statement-compulsory-filing-of-overdue-financial-statements-and-annual-returns-overdue-financial-statements-and-annual-returns-closure-of-companies-companies.jpg "MCA notifies Compulsory Filing of Overdue Financial Statements and Annual Returns for Closure of Companies [Read Notification]")
Charge Sanction Form Certified by Chartered Accountant as 'Professional Duty', No Criminal Liability in Bank Fraud Case: Orissa HC [Read Order]
While quashing the criminal proceedings against a Chartered Accountant in a bank fraud case, the Orissa High Court has held that the certification of charge sanction form 17 with the Registrar of...
![Charge Sanction Form Certified by Chartered Accountant as Professional Duty, No Criminal Liability in Bank Fraud Case: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Chartered-Accountant-Professional-Duty-Criminal-Liability-Bank-Fraud-Case-Orissa-HC-taxscan.jpg "Charge Sanction Form Certified by Chartered Accountant as Professional Duty, No Criminal Liability in Bank Fraud Case: Orissa HC [Read Order]")
![Income Tax Appeal maintainable even after Striking Off of Company from MCA Roll: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Appeal-Striking-Off-MCA-Roll-ITAT-Taxscan.jpeg "Income Tax Appeal maintainable even after Striking Off of Company from MCA Roll: ITAT [Read Order]")
Notice Served at the Previous Registered Address Prior to Recording of Change of Address in RoC is Valid: NCLT [Read Order]
The Delhi bench of National Company Law Tribunal ( NCLT ) has held that notice served at the previous registered address prior to recording of change of address in Registrar of Companies is Valid. ...
![Notice Served at the Previous Registered Address Prior to Recording of Change of Address in RoC is Valid: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Notice-Served-Previous-Registered-Address-Prior-Recording-Change-of-Address-RoC-NCLT-Taxscan.jpg "Notice Served at the Previous Registered Address Prior to Recording of Change of Address in RoC is Valid: NCLT [Read Order]")