"03 October 2018" Archive

Draft Format of Director’s Report: Other than OPC & Small Company

Below mentioned directors report shall not applicable on opc and small company. Draft format of opc and small company has been published on link: http://www.csdiveshgoyal.info/2018/08/draft-format-directors-report-one.html...

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Posted Under: Company Law |

Companies Amendment Act, 2017 impact on Annual Filing of F.Y. ended 31.03.2018

MCA vide notified approximately 84 sections of Companies Amendment Act, 2017 out of 93 sections. Link for list of notified section available on below mentioned link: http://www.csdiveshgoyal.info/2018/08/notification-84-sections-of-companies.html...

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Posted Under: Company Law |

Incorporation of Limited Liability Partnership (LLP)

Revised Process for Incorporation of limited liability partnership (LLP) after considering Limited Liability Partnership (Second Amendment) Rules, 2018 as applicable from the 2nd October, 2018. In this Editorial the author shall deliberate the Provisions of LLP Act, 2008 as on 02nd  October, 2018 in respect of Incorporation of Limited ...

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Posted Under: Company Law |

Managerial remuneration (MD, WTD, Directors) with FAQs

Articles explains amended Provisions related to Managerial remuneration of Managing Director (MD),  Whole Time Director (WTD) and Directors under Companies ACt, 2013 as amended by Companies (appointment and remuneration of managerial personnel) Amendment Rules 2018, Amended Schedule V of Companies Act, 2013 and amended section 196, 197,...

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Posted Under: Company Law |

Effect of Non Filing Of DIR 3 KYC 

If Person fails to file DIR-3 KYC within due date. MCA21 system will mark all approved DINs (allotted on or before 31st March, 2018) against which DIR-3 KYC form has not been filed as ‘Deactivated’ with reasons as ‘Non-filing of DIR-3 KYC’...

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Posted Under: Company Law |

Directors Report on Internal Complaint Committee- Sexual Harassment of Women At Work Place

As per Companies Act, 2013 Section 134 every company required to prepare report of Board of Directors for Financial year. Board report should contain disclosures as per Section 134 read with rule 8....

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Posted Under: Company Law |

Procedure for “Manual correction in EDI Bills of Entry JNCH -Reg.

No. S/12-Gen/Misc-216/DPD-RMS/16-17/JNCH (01/10/2018)

OFFICE OF THE COMMISSIONER OF CUSTOMS, NHAVA SHEVA-III MUMBAI CUSTOMS ZONE-II JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TAL: – URAN, DIST: RAIGAD. PIN – 400 707. No. S/12-Gen/Misc-216/DPD-RMS/16-17/JNCH Dated 01.10.2018 PUBLIC NOTICE NO. 134/2018 Subject: – Procedure to be followed for “Manual correction in EDI Bills of ...

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Submission of MVAT Audit Report in Form 704 for F.Y. 2017-18

Trade Circular No. 25T/2018 (24/09/2018)

A facility to upload of Audit Report in Form e704 has been made available on website www.mahagst.gov.in to the dealers who are eligible to file such audit report as per the provisions of Section 61 of MVAT Act, 2002 read with Rule 66 of MVAT Rules, 2005. ...

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Service Tax cannot be levied on rent received for leasing fit outs

M/s. Khivraj Techpark Pvt. Ltd. Vs The Commissioner of Service Tax (CESTAT Chennai)

M/s. Khivraj Techpark Pvt. Ltd. Vs Commissioner of Service Tax (CESTAT Chennai) The issue that arises for consideration is whether the appellants are liable to pay service tax on the rent received for leasing the fit outs. Undisputedly, the appellants have entered into two different agreements for leasing the premises and leasing the fit ...

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S.263 CIT cannot treat Loss as speculative which was treated as business by AO with due application of mind

ITT Shipping (P) Ltd. Vs Pr. CIT (ITAT Kolkata)

Where AO after making adequate enquiries and verification held that forward contract loss was allowable as normal business loss, CIT was not justified in treating the same as speculative one and the assessment order as erroneous and prejudicial to the interest of revenue....

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