NFRA slaps Rs 8 lakh penalty on 2 auditors in DB Realty case, ET LegalWorld
The National Financial Reporting Authority (NFRA) has slapped penalties totalling Rs 8 lakh on two auditors and barred them for up to five years for professional misconduct in connection with the audit of DB Realty for FY16. The order came after NFRA received information from Sebi in October 2022, regarding misstatements in the financial statement […]
Telangana Realty Firm Fined ₹8.5 Lakhs for Non-Compliance with RERA Regulations, ET LegalWorld
The Telangana Real Estate Regulatory Authority (TGRERA) has imposed a penalty of 8.5 lakh on Greenspace Housing and Engineers Private Limited for failing to register its apartment project, Greenspace Grand, under the RERA Act, 2016. The case was taken up by TGRERA following a complaint against Greenspace Housing for not registering the project as required […]
SC’s tax ruling may boost commercial realty investments, Legal News, ET LegalWorld
The Supreme Court’s recent ruling allowing claiming of input tax credit (ITC) for construction of any property meant for the supply of taxable services such as renting has brought in clarity in terms of tax liabilities and is expected to drive further investments into commercial realty, said industry officials and analysts. Reduction in tax burdens […]
NBCC moves SC to complete stalled projects of realty major Supertech Ltd, ET LegalWorld
The state-owned NBCC on Tuesday moved the Supreme Court seeking to develop and complete embattled realty major Supertech Limited’s 17 stalled or partially built projects where around 27,000 hassled home buyers are stuck for years. These 17 projects were launched in the National Capital Region, Dehradun and Bengaluru but completion of the residential units was […]