"18 June 2018" Archive - Page 4

Companies (Accounting Standards) Amendment Rules, 2018

Notification No. G.S.R. 569(E) 18/06/2018

Amendment in Accounting Standard (AS) 11- An enterprise may dispose of its interest in a non-integral foreign operation through sale, liquidation, repayment of share capital, or abandonment of all, or part of, that operation. The payment of a dividend forms part of a disposal only when it constitutes a return of the investment. ...

Read More

TP: Provision for bad & doubtful debt & bad debts written off are operating expenses

Hyundai Motor India Engg. Pvt. Vs Dy. Commissioner of Income tax (ITAT Hyderabad)

Hyundai Motor India appeal: Including bad debts and provision for bad and doubtful debts as operating expenses is necessary for the purpose of computing profit and loss of comparable companies, the margins of comparable companies ...

Read More

MCA raises curtain on Significant Beneficial Ownership (SBO) Rules- Notifies final rules with several changes

Every significant beneficial owner is required to file a declaration in Form No. BEN-1 to the company in which he holds the significant beneficial ownership:...

Read More
Posted Under: Company Law |

ICSI advisory on Additional Fees on Annual Filing of Company Returns

The Institute of Company Secretaries of India had in its mail dated 8th May, 2018 communicated the notification of Companies [Registered Office and Fees) Second Amendment Rules, 2018 by the Ministry of Corporate Affairs along with providing relaxation for the Additional Fees payable in the event of delay wherein the due date of filing of ...

Read More
Posted Under: Company Law |

Draft ICSI Guidance on Diligence Report on Governance for Banks

ICSI has come up with Exposure Draft of ICSI Guidance on Diligence Report on Governance for Banks. The Draft was released at the golden Jubilee Year National Conference of Practicing Company Secretaries (19th Edition) held at The LaLiT, Mumbai during May 18-19, 2018....

Read More
Posted Under: Company Law |

GST: Provision to give EGM No. of maximum 7 digits provided to tax payer

While  filing application of refund on exports of Goods and Services without Payment of Tax;  i.e. Accumulated ITC, Provision to give EGM number of minimum 1 digit to  maximum 7 digits has been provided to the taxpayers. ...

Read More
Posted Under: Company Law |

A Simplified approach towards DIN application along with Resolution

Requirement of Filing: Any Person who is willing to appoint as Director in a Company/Limited Liability Partnership must have a Director Identification Number. DIN is a pre-requisite for becoming a Director. DIN includes DPIN (Designated Partnership Identification Number) Section: Section 153 of the Companies Act, 2013 Rules: Companies (Ap...

Read More
Posted Under: Company Law |

Setting up a Public Credit Registry in India – Latest developments from RBI

I have in my earlier article on Ease of doing business in India, published by Tax Guru on 06.11.2017 had informed that RBI had agreed to take necessary steps to set up a Public Credit Registry in India and in tune with that, RBI recently got a report on Public Credit Registry in India from a High-Level Task Force set up by RBI itself. ...

Read More
Posted Under: Company Law |

Search Posts by Date

July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031