Penalty

Mumbai: BMC to levy heavy penalty up to Rs.15,000 for illegal par...

Sat, Jul 06, 2019

BMC will levy heavy penalty up to Rs.15,000 for illegal parking in Mumbai from tomorrow.

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Penalty would be charged if ATM stays cashless for more than 3 ho...

Sat, Jun 15, 2019

Penalty would be charged on Banks if ATM stays cashless for more than 3 hours. Watch this video to know more.

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Income tax returns can be filed even if you missed deadline

Fri, Feb 09, 2018

Filing income tax return after the due date is called belated return. It can be filed before the end of the assessment year. 

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Sebi slaps Rs 5 lakh fine on IFCI Factors, 3 others

Sun, Jan 07, 2018

The regulator observed that the four entities had violated Substantial Acquisition of Shares and Takeovers Regulation for the transactions in shares of Shiva Cement

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NSE asks members to submit annual returns for FY17 by Sep 30

Sun, Aug 27, 2017

Annual Returns, which includes balance sheets, are required to be submitted only by way of upload in electronic format through the exchange's ENIT (Electronic NSE Interface for Trading Members) system.

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Tough action against those helping hide black money: PM Modi

Sun, Jul 02, 2017

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Minimum balance penalty by banks must be reasonable: Government

Tue, Mar 28, 2017

The charges levied by banks in case minimum balance is not maintained in accounts must be reasonable, and should be a fixed percentage on the difference between the actual and required balance, the government said on Tuesday.

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Reliance Jio asks TRAI to impose penalty on Airtel for "misleading" ads

Fri, Jan 27, 2017

Reliance Jio has asked telecom regulator TRAI to impose highest penalty on Airtel on misleading ads.

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Foreign accounts, property, bullion can't be disclosed under Pradhan Mantri Garib Kalyan Yojana Scheme: Govt

Wed, Jan 18, 2017

Drawing a line for disclosure under the new tax evasion amnesty scheme, the government on Wednesday said only unaccounted domestic cash holding can be declared through it and not jewellery, stocks, immovable property or overseas accounts.

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GJEPC expects FM Arun Jaitley to reduce import duty on gold to 5% in Budget 2017

Thu, Jan 12, 2017

To curb grey market and boost the organised players, the Gem and Jewellery Export Promotion Council (GJEPC) is expecting Finance Minister Arun Jaitley to reduce the import duty on gold to around 5%in the upcoming Union Budget. 

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Notes Ban: Govt likely to come up with ordinance before Cabinet today

Wed, Dec 28, 2016

In an attempt to put an end to the liability of the government and the Reserve Bank of India (RBI) on the demonetised high value notes, the government is likely to come up with an ordinance before the Union Cabinet on Wednesday, PTI reported on Tuesday. 

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Companies must drop retro tax cases to avail settlement scheme: CBDT

Sun, Dec 25, 2016

Vodafone, Cairn Energy and other firms facing retrospective tax demand will have to withdraw legal cases and give up the right to contest constitutional validity of back-dated amendment to Income Tax (I-T) laws if they want to avail of the dispute resolution scheme ending on December 31.

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China fines General Motors' unit $29 million for 'price-fixing'

Sat, Dec 24, 2016

Beijing has fined the Chinese unit of General Motors (GM) nearly $29 million for "infringing on the rights of consumers and its competitors" via price-fixing, Shanghai authorities said. 

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Wipro to pay $5 million to US SEC to settle 6-yr-old case

Sat, Dec 24, 2016

Country's third largest software services firm Wipro on Friday said it has reached an agreement with US Securities and Exchange Commission (SEC) to formally resolve a six-year old investigation and will pay $5 million (nearly Rs 33.3 crore) in civil money penalty.

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Christine Lagarde keeps IMF job, escapes penalty after negligence conviction in France

Tue, Dec 20, 2016

International Monetary Fund (IMF) chief Christine Lagarde kept her job and escaped punishment on Monday despite a conviction on negligence charges by French judges over a state payout made while she served as France`s finance minister in 2008. 

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Deposits above Rs 2.5 lakh to face tax, 200% penalty on mismatch

Thu, Nov 10, 2016

Further dangling the stick, government on Wednesday warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200% penalty in case of income mismatch.

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Airtel to approach TRAI, DoT over proposed Rs 1,000 crore penalty

Thu, Oct 27, 2016

Telecom operator Bharti Airtel today said that it will approach government and telecom regulator Trai to clear the "confusion" that led to proposed penalty of over Rs 1,000 crore on it for not providing interconnection facility to Reliance JIO Infocomm.

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IRDAI imposes Rs 10 lakh penalty on SBI Life Insurance Company

Thu, Sep 22, 2016

Regulator IRDAI has imposed a penalty of Rs 10 lakh on SBI Life Insurance Company for violations of various norms, including guidelines on accepting business from a corporate agent after the expiry of licence.

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CCI slaps Rs 6,700 crore fine on 10 cement firms, including ACC, Binani, for cartelisation

Wed, Aug 31, 2016

Competition Commission of India (CCI) on Wednesday imposed more than Rs 6,700 crore penalty on 10 cement companies, including ACC, Binani, Century, UltraTech, for cartelisation.

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Cabinet approves amendment to Motor Vehicle Act; Here are the new penalties

Wed, Aug 03, 2016

Drinking and driving will attract a steep fine of Rs 10,000 instead of Rs 2,000 which was in the old provision.

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FSSAI fines double to Rs 11 crore in two years for food adulteration

Sat, Jul 30, 2016

In 2015, thanks to loopholes in food safety brought to the notice of the regulator, the FSSAI imposed a penalty of Rs 10.93 crore, highest in the last three years and nearly double than that in 2013. The data was made available in a written reply from the Minister of State in the Ministry of Health and Family Welfare, Faggan Singh Kulaste. 

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RBI slaps penalty of Rs 3 crore on Punjab National Bank

Mon, Jul 25, 2016

RBI on Monday imposed an aggregate penalty of Rs 3 crore on Punjab National Bank under the Banking Regulation Act, 1949.

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RBI imposes total Rs 7 crore penalty on Bank of Baroda, HDFC Bank

Mon, Jul 25, 2016

The Reserve Bank of India (RBI) on Monday has imposed penalties of total Rs 7 crore on Bank of Baroda and HDFC Bank on the back of irregularities it found in both banks. The central bank has imposed penalities on the two banks under Section 35 (1A) of the Banking Regulation Act, 1949. 

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