Relief against income tax offences: New compounding guidelines issued by CBDT to help taxpayers in preventing prosecutionIncome tax offences: Now you will have to follow the revised guidelines for compounding of income tax offences under the Income Tax Act, 19...
17 Oct, 2024, 11.03 PM IST
Govt working on decriminalising certain offences under GST, lower compounding chargesThe government is working on making the provision under GST Act for prosecution more simpler and friendly for taxpayers. Section 132 under ...
28 Sep, 2022, 05.16 PM IST
Rajya Sabha passes Limited Liability Partnership Amendment BillThe opposition has been protesting on Pegasus issue and three new farm laws, besides other matters, since the start of the monsoon session....
04 Aug, 2021, 03.22 PM IST
Government introduces Limited Liability Partnership Amendment Bill in Rajya SabhaThe Limited Liability Partnership (Amendment) Bill, 2021 was introduced by Minister of State for Corporate Affairs Rao Inderjit Singh on th...
30 Jul, 2021, 08.24 PM IST
Cabinet clears amendment to LLP Act to decriminalise various provisionsWith the proposed amendments, the total number of penal provisions under the LLP Act will be reduced to 22, compoundable offences will be 7...
28 Jul, 2021, 11.55 PM IST
Decriminalisation of Companies Act: Decoding the COVID economic reliefHistorically, corporate India has suffered the rigours of a strict penal regime for violations and non-compliances under the erstwhile Comp...
29 Jul, 2020, 11.25 AM IST
Government plans to decriminalise compoundable offences under LLP ActIn a public draft on Friday, the MCA listed 20 sections of the LLP Act, ranging from registration or change of designated partners to maint...
19 Jun, 2020, 11.48 PM IST
Government approves more amendments to companies lawAs many as 72 changes to the Companies Act 2013 have been approved by the Cabinet. Briefing reporters, Corporate Affairs Minister Nirmala S...
04 Mar, 2020, 03.55 PM IST
Infosys pays Rs 6 lakh in compounding fees to settle ex-CFO severance payment rowInfosys had agreed to pay Bansal a severance amount of Rs 17.38 crore or 24 months of salary, but the company suspended payments after he g...
02 Mar, 2020, 10.43 PM IST
Government has proposed amendments to companies law, says Finance Minister in Budget speechThe corporate affairs ministry, which is also helmed by Sitharaman, would be seeking amendments to the Companies Act, 2013, to decriminalis...
01 Feb, 2020, 08.20 PM IST
States can't lower prescribed traffic fines: Law MinistryThe Ministry of Road Transport and Highways sought legal opinion from the Ministry of Law and Justice, after one of the states had notified...
07 Jan, 2020, 08.29 AM IST
CBDT extends till Jan 31 deadline for compounding of I-T offencesThe CBDT, while launching the scheme in September last year, had said that this "one-time measure" is being undertaken to mitigate unintend...
03 Jan, 2020, 06.25 PM IST
Decriminalise 46 more offences under cos law, says panel reportThe committee has suggested amendments to 46 penal provisions, "so as to either remove criminality, or to restrict the punishment to only f...
18 Nov, 2019, 11.33 PM IST
CBDT launches one-time facility for compounding of income tax offencesA one-time facility to apply for compounding of income tax offences has been launched and taxpayers can avail this opportunity by December ...
11 Sep, 2019, 10.11 PM IST
Delhi government studying fines under Motor Vehicles ActStates can decide the quantum of penalties only in certain categories of offences, said Delhi CM, Arvind Kejriwal on Tuesday.
04 Sep, 2019, 01.22 PM IST
From now, tax defaulters can't get away by just paying fineRevised rules will come into effect from June 17 and supersede the earlier guidelines issued in 2014.
17 Jun, 2019, 05.25 PM IST
MCA panel may offer penal relief for some offencesThe Corporate Affairs Ministry has set up the panel for review of the penal provisions in the Companies Act, 2013 to examine 'de-criminalis...
16 Jul, 2018, 04.15 PM IST