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Archive: 01 November 2018

Posts in 01 November 2018

Food supply to employees of unit in SEZ is not zero rated supply: AAAR

November 1, 2018 10605 Views 2 comments Print

Dive into the detailed analysis of the GST Appellate Authority ruling on Merit Hospitality’s service provision to SEZ employees. Learn about the implications and conclusions.

Customs Rate of Exchange of Foreign Currency Conversion wef 02.11.2018

November 1, 2018 1017 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion wef 02.11.2018 notified vide Notification No. 90/2018 – Customs (N.T.) dated 1st November, 2018.

ICAI President’s Message – November 2018

November 1, 2018 1050 Views 0 comment Print

CA Naveen N.D Gupta My Dear Professional Colleagues, By Constitution, our nation stands for the protection and furtherance of civil rights of its citizens and today as citizens, we can express and profess the way we are. This is a significant aspect of our Constitution that needs to be celebrated and maintained. Bonds of trust and […]

ICAI- Why surnames used in CA name being prefixed in our organization?

November 1, 2018 9078 Views 1 comment Print

Why are surnames used in members name being prefixed in our organization? Does it not lead to promoting caste-ism and why such arrangements are being used in electoral? The electoral be corrected before going for next round of elections.

CRUX ON SS-4 : Secretarial Standard on Report of Board of Directors

November 1, 2018 6396 Views 0 comment Print

EFFECTIVE DATE  – Secretarial Standard 4 on Report of Board Of Directors shall come into effect from 1st October, 2018. This Standard is issued by the Council of the Institute of Company Secretaries of India and may be called the Secretarial Standard-4 (SS-4) on ‘Report of the Board of Directors’. The Secretarial Standards integrate, harmonise and […]

Insolvency and Bankruptcy Board of India- Few things to know

November 1, 2018 3888 Views 0 comment Print

The present situation of IL&FS is similar to “Lehman Brothers crisis” that happened way back in 2008.In the present time what has happened in IL&FS cannot be undone but the need of the hour is to find recourse for IL&FS.

Does additional fees waiver amount to compliance of Section 92/137 as well?

November 1, 2018 6006 Views 3 comments Print

Every Company under Companies Act, 2013 are required to file its Financial Statements in prescribed form within 30 days and its Annual Return within 60 days of its Annual General Meeting. The Compliance of this section is very important and delay in filing of Forms under Section 92 or Section 137 have 2 major concerns: […]

Simple Analysis on Removal of Director from Company

November 1, 2018 11841 Views 1 comment Print

As per Company Act Shareholders can Remove a Director from the Company before the expiry of his tenure, except appointment by Central Govt.  Removal requires filing of same with MCA, Roc scrutinizes every removal with care. A company may, by ordinary resolution, remove a director, not being a director appointed by the Tribunal under section 242, before the […]

Alleged Professional Misconduct issue cannot be decided based on law enacted subsequently

November 1, 2018 3795 Views 0 comment Print

Devendraa P. Kapur Vs. ICAI & Others (Appellate Authority) The Appellant has also taken a ground of Appeal before us that the Disciplinary Committee has decided these cases in accordance with the law which was not prevalent when the alleged misconduct was committed but came into effect after the amendment made in the year 2006 […]

Date extended for implementation of Track & Trace system for drug formulation export

November 1, 2018 795 Views 0 comment Print

The date for implementation of Track and Trace system for export of drug formulations with respect to maintaining the Parent-Child relationship in packaging levels and its uploading on Central Portal has been extended upto 01.07.2019 for both SSI and non SSI manufactured drugs.

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