Sandhya Rani and Associates- Chartered Accountant Services

26/08/2026

*सफल जीवन*

एक बार अर्जुन ने कृष्ण से पूछा-
माधव.. ये 'सफल जीवन' क्या होता है ?

कृष्ण अर्जुन को पतंग उड़ाने ले गए।
अर्जुन कृष्ण को ध्यान से पतंग उड़ाते देख रहा था.

थोड़ी देर बाद अर्जुन बोला-

माधव.. ये धागे की वजह से पतंग अपनी आजादी से और ऊपर की ओर नहीं जा पा रही है, क्या हम इसे तोड़ दें ? ये और ऊपर चली जाएगी|

कृष्ण ने धागा तोड़ दिया ..

पतंग थोड़ा सा और ऊपर गई और उसके बाद लहरा कर नीचे आयी और दूर अनजान जगह पर जा कर गिर गई...

तब कृष्ण ने अर्जुन को जीवन का दर्शन समझाया...
पार्थ.. 'जिंदगी में हम जिस ऊंचाई पर हैं..
हमें अक्सर लगता की कुछ चीजें, जिनसे हम बंधे हैं वे हमें और ऊपर जाने से रोक रही हैं; जैसे :
-घर-
-परिवार-
-अनुशासन-
-माता-पिता-
-गुरू-और-
-समाज-

और हम उनसे आजाद होना चाहते हैं...

वास्तव में यही वो धागे होते हैं - जो हमें उस ऊंचाई पर बना के रखते हैं..

'इन धागों के बिना हम एक बार तो ऊपर जायेंगे परन्तु बाद में हमारा वो ही हश्र होगा, जो बिन धागे की पतंग का हुआ...'

"अतः जीवन में यदि तुम ऊंचाइयों पर बने रहना चाहते हो तो, कभी भी इन धागों से रिश्ता मत तोड़ना.."

*धागे और पतंग जैसे जुड़ाव* के सफल संतुलन से मिली हुई ऊंचाई को ही *'सफल जीवन* कहते हैं.."

*जय श्री राधे कृष्ण जी*

26/08/2026

Rs. 5.50 CRORE PENALTY!! 😱 PRIVATE PLACEMENT MONEY CAME FROM THE WRONG BANK ACCOUNT!

A company raised more than ₹1,000 crore through a preferential allotment.

The investor was genuine.
The funds were genuine.
The entities belonged to the same group.
There was no finding of fraud or diversion of funds.

Yet, the ROC imposed a staggering:

₹5.50 CRORE PENALTY!

What went wrong?

THE STORY 👇

Hindustan Coca-Cola Holdings Private Limited undertook a preferential allotment of approximately ₹1,032.71 crore.

Out of this, shares worth approximately ₹314.87 crore were proposed to be allotted to Bharat Coca-Cola Overseas Holdings Pte. Ltd. (BCCOH).

But there was a problem…

BCCOH did not maintain a bank account in its own name.

So, the subscription money was remitted from the bank account of another group company — Hindustan Coca-Cola Holdings Pte. Limited (HCCOH).

In simple words:

Shares were subscribed by BCCOH.

But the money came from HCCOH's bank account.

And that seemingly small difference resulted in a massive compliance action.

ROC'S VIEW

Under Rule 14(5) of the Companies (Prospectus and Allotment of Securities) Rules, 2014, subscription money for private placement is required to be received from the bank account of the person subscribing to the securities.

Being group companies was not enough.

The fact that the funds were genuine also did not cure the statutory non-compliance.

THE ₹5.50 CRORE PENALTY 🔥

🔴 Company – ₹1.50 crore

🔴 Promoter – ₹1.00 crore

🔴 Promoter – ₹1.00 crore

🔴 Director – ₹1.00 crore

🔴 Director – ₹1.00 crore

TOTAL = ₹5.50 CRORE

THE BIGGEST LESSON FOR PCS, CSs & CFOs ⚠️

When handling a Private Placement / Preferential Allotment, don't stop your compliance check at:

✔️ Investor identity
✔️ Valuation
✔️ PAS-4 / PAS-5
✔️ Board & shareholder approvals
✔️ Receipt of funds
✔️ Allotment documentation

Also verify one critical point:

“Has the subscription money actually come from the bank account of the person who is subscribing to the securities?”

Because a transaction can be commercially genuine, the investor can be genuine, and the money can be genuine…

Yet the transaction can still attract a huge statutory penalty if the prescribed route of receiving the money is not followed.

REMEMBER:

RIGHT INVESTOR + RIGHT DOCUMENTS + RIGHT BANK ACCOUNT = RIGHT COMPLIANCE.

25/08/2026

SPMT Tests Suspended from 11th to 20th October 2026 Due to Portal Maintenance

24/08/2026

🚨📢Advisory of DC Gurugram

24/08/2026

*W.e.f 20.09.2026, the current tokens for DSC making will be discontinued.*

From 21.09.2026 onwards new tokens having configuration of FIPS 140-3 will be launched.

- Please do not purchase new empty tokens in excess quantity.
- Also make sure that new tokens are configured with *FIPS 140-3*.

How to check if new tokens are *FIPS 140-3 ready?*
1) Plug in the token to the system.
2) Scroll down till the end.
3) Click to FIPS. Then it must show *FIPS 140-3*.

24/08/2026

Be alert while issuing 15CA/CB and get ready all required documents in support of your certificate

22/08/2026

*The Income Tax Department has identified 6,422 entities involved in ₹1.29 lakh crore overseas remittances, acting against 394 firms* . Singapore, UAE, Hong Kong, Mauritius and China accounted for 72.3% of flows.

Investigators are examining fund sources, transactions and beneficiaries, with more companies and individuals likely to face scrutiny.

19/08/2026

19/08/2026

New TDS RPU Version 1.2 and FVU Version 1.2 have been released and shall be applicable for:
Quarterly e-TDS/TCS statements pertaining to Tax Year 2026–27 onwards.

Following amendments to RPU Version 1.2 and FVU Version 1.2 have been introduced.
1. *Addition of 'Interest Allocation' and 'Others Allocation' columns under Challan Details in RPU, along with implementation of the corresponding validations in FVU.*
2. Restriction of the Date of Payment under DD Details to fall within the applicable quarter and tax year.
3. Update of the Nature of Remittance master table in RPU and FVU for Form 144.

17/08/2026