10 years imprisonment for unauthorised siphon-off money from bank account of struck off company for directors/authorised signatory – MCA 10 years imprisonment for unauthorised siphon-off money from bank account of struck off company  Press Information Bureau  Government of India Ministry of Corporate Affairs 06-September-2017 18:51 IST Stricter Norms …

Every Hindu family is legally presumed to be joint in food worship and estate as per settled principle of Hindu law – Supreme Court ABCAUS Case Law Citation: ABCAUS 2062 (2017) (09) SC The Issue: The sole dispute was between the members of one Hindu family, i.e., uncle, …

On making valid declaration under Direct Tax Resolution Scheme 2016, appeal in respect of the disputed income pending before CIT(A) shall be deemed to have been withdrawn.   ABCAUS Case Law Citation: ABCAUS 2061 (2017) (09) ITAT The Issue: The issue raised was against the dismissal of the …

Practicing CA can not enroll as Advocate with Bar Council to practice Law. Riding on two horses in two profession, cannot be accepted – Gujarat High Court   ABCAUS Case Law Citation: ABCAUS 2060 (2017) (09) HC Brief Facts of the Case: The present petition was filed by …

Directors of struck off companies can not incorporate companies, make application for name availability After directions of Department of Financial Services to bank to freeze bank accounts of more than 2 lakhs companies that have been struck off by the RoC, MCA has issued an advisory to the Directors …

Banks to freeze bank accounts of struck off companies. Names of 2,09,032 companies have been struck off by ROC under Section 248 (5) of Companies Act. Press Information Bureau  Government of India Ministry of Finance 05-September-2017 16:36 IST Department of Financial Services advises all Banks to take immediate …