Agrawal Vikas & Co LLP

*AVCLLP ACADEMY | MCA UPDATE*

ROC Goa passed adjudication order under Section 454 of the Companies Act, 2013 for alleged violation of Section 134(8) relating to Directors’ Responsibility Statement and non-disclosure in financial statements.

*Penalty imposed:*
• Company: ₹3,00,000
• Officer in Default: ₹50,000

The matter highlights the importance of proper disclosures, Accounting Standard compliance and adequate reporting in Board’s Report and Financial Statements.

📢 MCA Relief Update
✅ Name Reservation validity extended up to 10 July 2026 for approvals expiring between 21–30 June 2026.
✅ Expired RUN, RUN-LLP & SPICe+ Part A applications (05–20 June 2026) can seek extension by raising a Helpdesk ticket before 30 June 2026.
✅ Resubmission validity of e-Forms due between 21–30 June 2026 also extended up to 10 July 2026.
⚠️ Review pending SRNs and avail the relief before 30 June 2026.
— AVCLLP ACADEMY

📢 MCA Update – DPT-3 Filing Relief
The Ministry of Corporate Affairs (MCA) has provided relief for companies filing Form DPT-3 for FY 2025-26.
✅ Normal Due Date: 30 June 2026
✅ Additional Fee Waiver Available Up To: 31 July 2026
✅ Reason: MCA Data Centre restoration activities following the fire incident dated 05.06.2026.
Companies can file Form DPT-3 up to 31 July 2026 without payment of additional fees.
Source: MCA General Circular No. 02/2026
— AVCLLP ACADEMY

*AVCLLP ACADEMY | TAX UPDATE*

CBDT has instructed tax authorities to ensure uniform application of Sections 68 to 69D following C&AG observations on assessment errors.

✔ Proper verification before additions
✔ Correct application of Section 115BBE
✔ Accurate assessment and reporting
✔ Greater scrutiny of unexplained income cases

Maintain proper evidence for loans, investments, cash deposits, gifts and other financial transactions.

*AVCLLP ACADEMY | MCA UPDATE*

ROC Haryana imposed penalty under Section 454 read with Section 450 of the Companies Act, 2013 for delay in filing e-Form MR-2 relating to appointment of Managing Director.

*Key Highlights:*
• Delay of 96 days in filing MR-2

• Penalty levied on company and officers in default

• ₹16,000 penalty imposed on each noticee

• Non-compliance under managerial appointment provisions can trigger adjudication proceedings

• Timely filing of ROC forms is critical to avoid penalties and compliance risks

📌 *AVCLLP ACADEMY | TAX UPDATE*

💰 *Advance Tax Due Date: 15 June 2026*
✔ Pay Advance Tax if your estimated tax liability exceeds ₹10,000 after TDS.

📊 First Installment Due: 15% of Estimated Tax Liability

⚠️ Delay may attract interest.

📌 *AVCLLP ACADEMY | GST UPDATE*

🏛 Madras HC grants relief in high-value GST penalty appeals
The Court observed that mandatory pre-deposit under Section 107 may cause undue hardship in exceptional cases involving massive GST penalties.

🔍 *Key Highlights*
▪ Appeals involved allegations of circular trading and ineligible ITC
▪ HC permitted relaxation from mandatory 10% pre-deposit in these matters
▪ Appellate authority directed to dispose appeals preferably within 90 days

⚠ *Important:*
The Court has not finally quashed the penalties.

The relief is procedural/interim in nature for appellate remedy.

📖 *Sections involved:*
Section 74, Section 107 & Section 122 CGST Act

AVCLLP ACADEMY

*AVCLLP ACADEMY | MCA UPDATE*

Non-compliance of CSR provisions can lead to heavy penalties under the Companies Act, 2013.

ROC Haryana passed adjudication order dated 20/05/2026 against the company and officers-in-default for violation of Section 135(6) & 135(7) relating to unspent CSR amount.

*Key Highlights:*

• Company penalty imposed: ₹37,26,244
• Penalty on officers: ₹1,86,312 each

• Non-transfer of unspent CSR amount within prescribed timeline triggered action

• Compliance delay resulted in adjudication proceedings under Section 454.

*Important Learning:*
CSR compliance is not limited to spending amount only. Timely transfer, reporting and documentation are equally important.

📌 *AVCLLP ACADEMY | TAX UPDATE*

🏠 *Capital Gain on Property — 12.5% always cheaper?*

👉 Not necessarily.

✔ Compare tax with and without indexation

✔ Inflation benefit can reduce taxable gain significantly

✔ Result depends on purchase year, sale value & CII impact

📊 Proper calculation can make a major difference in final tax liability.

📌 *AVCLLP ACADEMY | GST UPDATE*

GSTR-1A enables correction of outward supply details before filing GSTR-3B for the same tax period.

✔ Applicable from April 2025 onwards

✔ Add or amend invoices

✔ Correct GSTIN and tax values

✔ Better reconciliation and compliance