The company and the officers must remit the penalty within 60 days, or face further legal consequences under Section 454 of the Companies Act. The company’s failure to promptly appoint a woman ...

Amendment to Section 9 (1) of the Act Section 9 (1) – A party may, before, or during arbitral proceedings or at any time after the making of the arbitral award but before it is enforced in accordance ...

For the accounting of iSAFE notes, there are no clear standards or guidelines prescribed by the Institute of Chartered Accountants of India (ICAI). iSAFE notes are listed as “Preference Share Capital” ...

The Institute of Chartered Accountants of India (ICAI) has issued guidelines to govern the merger and demerger of Chartered Accountant (CA) firms. The ICAI (Merger & Demerger of CA Firms) Guidelines, ...

It found that while the valuer used market-based methods, he failed to disclose key reference data, which could aid stakeholders in decision-making. The Authority ruled that omitting publicly ...

G.S.R. 90 (E).— In the notification number 05/2025 – Integrated Tax (Rate), dated the 16th January, 2025, of the Government of India in the Ministry of Finance (Department of Revenue), published in ...

1.1 Rule 17 (1) of the Valuation Rules provides that based on findings of an inspection, if the authorised officer is of the prima facie opinion that sufficient cause exists to cancel or suspend the ...

Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and Insolvency and Bankruptcy Board of India (Voluntary Liquidation ...

SEBI introduced usage of Unified Payments Interface (UPI) as a mode of payment in the securities market for the first time in 2019. The successful experience and efficiency brought by UPI resulted in ...

For provision of such services, the Respondents were initially registered with the Service Tax department w.e.f. September, 2004 and subsequently, obtained the centralized registration w.e.f. May, ...

Scenario 2: Taxpayer collected GST payments from recipients but delayed remittance for over three months In such a situation, it is advisable to voluntarily pay a 15% penalty along with applicable ...

Economic Survey 2024-25 forecasts India’s GDP growth between 6.3% and 6.8% for FY26, with real GDP at 6.4% in FY25, aligning with its decadal average. Inflation moderated to 4.9% in April-December ...