Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
NCLAT held that the quorum for equity shareholders' meeting shall be determined strictly per Section 103 of the Companies Act, including shareholders participating through video conferencing. The tribunal set aside the previous NCLT order's specific quorum requirements, mandating that if the prescribed quorum is not present, the meeting must be adjourned. The decision affirms statutory guidelines for corporate meetings, emphasizing procedural compliance and flexibility in shareholder participation, particularly during pandemic-related restrictions. The appeal was disposed of with directions to follow MCA circular guidelines regarding meeting conduct.
NCLAT held that the quorum for equity shareholders' meeting shall be determined strictly per Section 103 of the Companies Act, including shareholders participating through video conferencing. The tribunal set aside the previous NCLT order's specific quorum requirements, mandating that if the prescribed quorum is not present, the meeting must be adjourned. The decision affirms statutory guidelines for corporate meetings, emphasizing procedural compliance and flexibility in shareholder participation, particularly during pandemic-related restrictions. The appeal was disposed of with directions to follow MCA circular guidelines regarding meeting conduct.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
