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FINANCIAL MISREPORTING
VC contract terms get tougher on founder shares after governance lapsesVenture capital firms are tightening founder contracts, with nearly 76% of Indian startups now allowing the forfeiture of vested shares for...- Explained: Inside Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh ExportsRajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying person...
- An Indian gold firm allegedly inflated revenue by $159 billion using its Swiss unitIndian investigators allege Rajesh Exports overstated its Swiss unit Valcambi's revenue by a staggering $159 billion. SEBI's preliminary fi...
- Rajesh Exports shares hit 5% lower circuit for 2nd day; firm cites 'communication gap' after Sebi orderRajesh Exports shares tumbled for a second consecutive session on Friday, taking the two-day decline to about 10%, after Sebi's interim ord...
- The curious case of Rajesh Exports: Massive revenues, meagre profitsIndia's fourth-largest company, Rajesh Exports, faces a Sebi probe for alleged financial fraud. Investigations point to accounting irregula...
- Govt flags ‘high-risk’ crypto system in note to Parliamentary panelIndia's virtual digital asset sector is now high risk. Intelligence reports reveal extensive illegal activities including drug trafficking ...
- How new online gaming rules will change your income tax and legal exposure depending on the kind of game you playAn online game is any game played on a phone, laptop, or digital device, operated through software using the internet or any form of electr...
- Wrong EPF joining or exit date? This small error can cost you big; Here’s how to fix it fastSmall errors in EPF joining or exit dates can cause major financial problems. These mistakes can delay fund withdrawals and even impact you...
- Trai tightens reporting normsTelecom operators face tougher penalties for late tariff reports and data submissions. Trai has introduced new rules with graded fines and ...
- Got income tax notice or facing income tax scrutiny? Budget 2026 offers relief through revised, updated ITR, and immunity from prosecutionWith data analytics tightening the tax net, salaried taxpayers are increasingly facing income tax notices over small mismatches flagged thr...
- Homebuyer asked to pay penalty for not correctly calculating his tax exemption claim under Section 54F; ITAT Ahmedabad gives relief to himThe ITAT Ahmedabad has cleared Mr. Sanghvi from tax penalty by declaring it null and void. The penalty was based on allegations of misrepor...
- Retired govt employee claims Rs 20 lakh gratuity tax exemption; I-T Dept imposes Rs 2.2 lakh penalty; ITAT Cochin rules in her favourA retired state employee successfully challenged a Rs 2.2 lakh penalty imposed for claiming a higher gratuity tax exemption. The Income Tax...
- TRAI tightens rules to curb spams; fines on telcos for misreporting pesky calls, messages countTRAI has introduced strict new rules against pesky calls and messages, imposing fines from Rs 2 lakh to Rs 10 lakh on telecom companies for...
- Power discoms to follow uniform accounting rulesThe Centre has directed power distribution companies to follow uniform accounting practices to avoid financial misreporting. This move aims...
- Sebi penalises Kwality's former MD, others for misrepresenting company's financialsFine totalling Rs 3.75 crore were slapped on former promoter and MD of dairy firm Kwality's Sanjay Dhingra and other entities for misrepres...
- Govt orders probe into Eros International's accountsThe Corporate Affairs ministry ordered the probe after it was "satisfied" that an inspection was required to check allegations of fund siph...
- GoMechanic founder Amit Bhasin admits to financial misreporting; firm to lay off 70% employeesGoMechanic layoffs will affect about "70% of the workforce", said cofounder Amit Bhasin in a LinkedIn post
- 63 moons dues: Bombay HC restrains DHFL promoters from leaving countryThe bench was hearing a plea filed by Jignesh Shah-promoted 63 Moons Technologies, seeking directions against DHFL and for the recovery of ...
- Submitting fake bills to lower your tax liability? Tax department has ways to catch youWhile submitting proof for reimbursements make sure it is real and not fake as that would get you in serious trouble with the tax departmen...
- Demonetisation row: Penalties, prosecution that tax department can slap on black money holdersHere is a list of various penalties that can be imposed on you for different defaults and the provisions which can help you get immunity fr...
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