The NCLAT's Hamlin Trust ruling suggests that voluntarily appointing a CFO may trigger Section 203 compliance, including KMP eligibility rules. A voluntary title could bring mandatory obligations under the Companies Act. https://t.co/QdZ9igD6qn
A genuine mistake can still attract hefty penalties. ROC Kolkata imposed a ₹10.18 lakh penalty for holding duplicate DINs, despite voluntary surrender, no fraudulent intent, and no investor loss. Section 155 strictly prohibits multiple DINs. https://t.co/Yn7bwHWBic
@shopmotorola@Flipkart@motorolaindia@jagograhakjago@oneassist_in Since the replacement unit was acquired from the refund proceeds of the original insured product and is of the same make and model, it was always understood and intended that the benefit of the extended warranty would continue to apply to the replacement unit
@shopmotorola@Flipkart@motorolaindia @OneAssistIndia Disappointed with repeated failures of Motorola 32" Google TV. Despite a valid 3-year extended warranty, Jeeves is demanding ₹550 visit charges and ₹9,000 for panel replacement Request immediate repair/replacement/refund @jagograhakjago
ITAT Delhi rules that eligible CSR donations can still qualify for deduction u/s 80G. Disallowance of CSR expenditure under Section 37 does not bar Chapter VI-A relief. Enhanced Section 80-IA claim and TP issues were remanded for fresh verification. https://t.co/asez5WbFw2
#CompanyLaw#Opinion
ROC Imposes Penalty on Company & Directors for Failure to Report Cessation of Additional Director
Read the Full Article for FREE! https://t.co/Ny7jns3kwg [15 Mins | Read Time]
Authored By: Prof R Balakrishnan | FCS – FCMA
𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩:
https://t.co/ZRotFHiWN7
#TaxmannUpdates #ROC
ROC Uttar Pradesh penalized a Nidhi company and its directors for filing MGT-14 without attaching the mandatory board resolution approving accounts. Company fined ₹2 lakh, directors ₹50,000 each, with rectification ordered within 90 days. https://t.co/yZBlWM1fZh
ROC Mumbai fined two directors ₹50,000 each for wrongly classifying special business as ordinary business in an AGM notice to avoid mandatory explanatory disclosures under Section 102 of the Companies Act, 2013. Company also denied “small company” relief. https://t.co/VD1eMvmHvn
#CompanyLaw#Opinion
Section 135 and the Impact Imperative – From Spending Compliance to Outcome Accountability
Read The Full Article Here: https://t.co/2CAKTKi6pU [25 Mins | Read Time]
Authored By: Bhuwneshwar Prasad Mishra – FCS, LL.B., https://t.co/pXMnre0001. (Mathematics), Vice President – Sustainability & Company Secretary, Listed Company Author and commentator on SEBI LODR, Corporate Governance and Board Effectiveness
𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://t.co/ZRotFHiWN7
#TaxmannUpdates #Compliance
#CompanyLaw#Opinion
Agreement for Sale Under the Real Estate (Regulation and Development) Act, 2016 – Format, Mandatory Clauses, and Legal Implications
Read the Full Article for FREE! https://t.co/3SdU4WEjb1 [9 Mins | Read Time]
Authored By: Avikshit Moral – Partner & Mahek Chheda – Principal Associate | S&R Associates
𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://t.co/ZRotFHiWN7
#TaxmannUpdates #RealEstate
ROC Pune held that multiple penalties cannot be imposed for a single private placement transaction. Since all procedural lapses arose from one integrated CCPS allotment to one investor, no multiplicative penalties were warranted. https://t.co/CeHt1rAQu6
#CompanyLaw#Opinion
ROC Imposes Penalty Upon Company and Directors as Disqualified Directors Signed the Financials Filed With Registrar – A Case Study
Read the Full Article for FREE! https://t.co/mW8bl5WtbF [16 Mins | Read Time]
Authored By: Prof R Balakrishnan | FCS – FCMA
𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://t.co/ZRotFHiWN7
#TaxmannUpdates #Directors
#CompanyLaw#Opinion
ROC Imposes Penalty Upon Company and Its Past Managing Director & KMPs for Failure to Maintain the Required Rotational Directors
Read the Full Article for FREE! https://t.co/TNKXvcm9lC [21 Mins | Read Time]
Authored By: Prof R Balakrishnan | FCS – FCMA
𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://t.co/ZRotFHiWN7
#TaxmannUpdates #Directors