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Archive: 19 September 2018

Posts in 19 September 2018

Service Exports from India Scheme (SEIS)- A Study

September 19, 2018 19170 Views 10 comments Print

SEIS is one of the Exports from India Scheme launched by DGFT in Chapter 3 of Free Trade Policy 2015-20. This article describes the same in detail.

E-way bill not required for intra-city movement of goods in Gujarat

September 19, 2018 28035 Views 1 comment Print

E-way bill is not required for intra-city movement of goods in Gujarat. Further for intra-State movement of goods for Job Work e-way bill is not required for transportation of Hank, Yarn, Fabric and Garments. NOTIFICATION By the Commissioner of State Tax Gujarat State, Ahmedabad Dated the 19th September, 2018. (Under section 68 of the Gujarat Goods […]

FORM GSTR-9C: Reconciliation of Input Tax Credit (ITC)

September 19, 2018 7761 Views 1 comment Print

The entire reconciliation statement in the form GSTR 9C has been divided into the following Parts namely: 1. Basic details. 2. Reconciliation of turnover declared in the audited Annual Financial Statement with turnover declared in Annual Return 3. Reconciliation of tax paid Reconciliation of Input Tax Credit (ITC); and lastly 4. Auditor’s recommendation on additional […]

Appointment of Managerial Personnel: Insight on amendments notified on 12.09.2018

September 19, 2018 9744 Views 0 comment Print

Appointment of Managerial Personnel – Insight on amendments notified on 12th Sep 2018 As on 12th September 2018, Ministry of Corporate Affairs has notified Section 66 to 70 of Companies Amendment Act, 2017, introduced Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2018 and amended schedule V of Companies Act, 2013. Applicability: Public Companies The amendments […]

Director’s KYC a nightmare for Directors, Professionals & Government

September 19, 2018 2553 Views 1 comment Print

Government has recently announced a drive for e-KYC of all the directors of Indian Companies.  It was proclaimed as a process of weeding out ghost directors out of the systems.  The last date to complete Director KYC process was 15th September, 2018 which has been over now.  As per the current norms all the DIN […]

The Power Sector: Cable fault!

September 19, 2018 663 Views 0 comment Print

Indias beleaguered power sectors financial problems have been making the headlines of late. On February 12, 2018, the RBI in its revised guidelines for resolution of stressed assets mandated banks to complete insolvency resolution proceedings within 180 days of default, classifying the loan as a special mention account with even a one-day delay in repayment.

Dematerialisation of Securities (Depositories Act, 1996)

September 19, 2018 5646 Views 2 comments Print

CS Rohit Verma As per Ministry of Corporate Affairs new amendment notification dated 10th September 2018 requiring Admission for Unlisted Company for offering the facility of dematerialisation to shareholders. In this regard, we wish to inform you that the Issuer may establish electronic connectivity with registrar and transfer agents (RTA).  Company has to submit the following […]

IRCON IPO: Listing to Delisting and to Listing again

September 19, 2018 3150 Views 0 comment Print

IRCON International is Mini-Ratna public sector company which is set to hit Indian stock exchanges with an initial listing of its 10.53% equity shares, by Ministry of Railways acting in behalf of President of India. While the company is primarily into engineering and construction businesses specializing in infrastructure projects, railways, highways, bridges etc.

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