Penal Provisions related to Unpaid Dividend and Valuation by Registered valuers under Companies Amendment Act 2020 to commence from 24.03.2021
Government of India
Ministry of Corporate Affairs
Notification
New Delhi, the 24th March, 2021
S.O. (E).– In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020), the Central Government hereby appoints the 24th March, 2021 as the date on which the provisions of section 23 and section 45 of the said Act shall come into force.
File No. 1/3/2020-CL.I
KVR Murty
Joint Secretary to the Government of India
- When disallowance is made u/s 37(1) section 69C is not applicable – ITAT
- ITAT refuses to accept cash book as source of deposit as assessee was not subject to audit
- Mere preparation of income tax notice and send to dispatch not effective issuance
- Agreement validly terminated prior to CIRP not give any enforceable right to corporate debtor
- SC explains jurisdiction of courts under NI Act for dishonour of account payee or bearer cheques
