Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
The MCA issued an amendment to the Companies (Management and Administration) Rules, 2025, effective 14 July 2025. The amendment replaces existing Form No. MGT-7, MGT-7A, and MGT-15 with new e-forms. The amendment is made under sections 469(1) and 469(2) of the Companies Act, 2013, exercising powers of the Central Government to modify administrative procedural rules governing corporate management. The notification was issued by the Joint Secretary and will standardize electronic form submissions for corporate regulatory compliance.
The MCA issued an amendment to the Companies (Management and Administration) Rules, 2025, effective 14 July 2025. The amendment replaces existing Form No. MGT-7, MGT-7A, and MGT-15 with new e-forms. The amendment is made under sections 469(1) and 469(2) of the Companies Act, 2013, exercising powers of the Central Government to modify administrative procedural rules governing corporate management. The notification was issued by the Joint Secretary and will standardize electronic form submissions for corporate regulatory compliance.
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