Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Oppression and Mismanagement - inherent powers of NCLT to cause audit of accounts - allegations of siphoning funds, breach of agreements, and failure to maintain proper books of account - Section 241 & 242 of the Companies Act, 2013 - The NCLAT held that the NCLT has inherent powers under Rule 11 of the NCLT Rules, 2016, to order an audit for the ends of justice and to prevent abuse of process.
Oppression and Mismanagement - inherent powers of NCLT to cause audit of accounts - allegations of siphoning funds, breach of agreements, and failure to maintain proper books of account - Section 241 & 242 of the Companies Act, 2013 - The NCLAT held that the NCLT has inherent powers under Rule 11 of the NCLT Rules, 2016, to order an audit for the ends of justice and to prevent abuse of process.
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