Publications of CTC - MMJC - Page 2

The May edition of the Chamber of Tax Consultants covers the following: Delhi High Court order – In the matter of TEQ GREEN POWER PRIVATE LIMITED (petitioner) versus REMC LIMITED (respondent) dated 21 March, 2023 The adjudication order of SEBI – in the matter of Shilpi Cable Technologies Limited. In the matter of M/s. Punjabi

The April edition of the Chamber of Tax Consultants covers the following: Adjudication Order in the Matter of Anbronica Technologies Private Limited dated 1 March 2023, ROC – Delhi Calcutta High Court order – In the matter of Surendra Kumar Singhi (Petitioner) vs. Registrar of Companies, West Bengal (Respondent) dated 20 January 2023. Adjudication order

Whether applications for avoidance of preferential transactions, maintainable after approval of resolution plan? High Court determines – In the matter of Tata Steel BSL Ltd (“Appellant”) Vs. Venus Recruiter Private Ltd. & Ors (“Respondent”) passed in the Delhi High Court dated January 13, 2023 SEBI orders lifting of corporate veil on all KMPs in the

Companies Act, 2013 ROC levied penalty on Auditors for non-reporting of non-compliance of audit report – In the matter of Sonasuman Constech Engineers Private Limited – Adjudication order passed by ROC Patna, dated 04.01.2023 Taking cue from the non-filing of annual returns by the company over all the years since incorporation, ROC assumed that the

Securities And Exchange Board of India (SEBI) Order In the Matter of the Geodesic Limited, dated 19 December 2022 Detailed Summary of the same is available at the following link: https://www.mmjc.in/wp-content/uploads/2023/01/January_2023.pdf

Order of Adjudicating Officer of Securities and Exchange Board of IndiaName of the Case: In the matter of Bombay Dyeing and Manufacturing Company Limited In the matter of Yadubir Singh Sajwan (Petitioner/Financial Creditor) & Ors. v Som Resorts Private Limited (Respondent/Corporate Debtor) at National Company Law Tribunal (NCLT) New Delhi dated 2nd August 2022

Deposit” includes any receipt of money by way of deposit or loan or in any other form by a Company, but does not include such categories of amount as may be prescribed in consultation with the RBI. Further, Rule 2 (1)(c) of the Companies (Acceptance of Deposits) Rules, 2014, provides an inclusive definition of deposits.