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Archive: 22 January 2019

Posts in 22 January 2019

Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019

January 22, 2019 110214 Views 17 comments Print

Every specified company shall file in MSME Form I details of all outstanding dues to Micro or small enterprises suppliers existing on the date of notification of this order within thirty days from the date of publication of this notification.

Dematerialization of Securities by Unlisted Public Companies

January 22, 2019 5607 Views 3 comments Print

In a major step to keep track of transactions of Corporates and making the things easier and transparent for the Shareholders, the Ministry of Corporate Affairs (MCA) has notified the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 by inserting Rule 9 (A) on September 10, 2018 making the Dematerialization of Securities of […]

ECB Facility for Startups

January 22, 2019 5076 Views 0 comment Print

Reserve Bank of India (RBI) vide circular no. RBI/2018-2019/109 A.P. (DIR Series) Circular No. 17 dated 16th January, 2019 has issued External Commercial Borrowings (ECB) Policy – New ECB Framework. Under the said policy, AD Category-I banks are permitted to allow Startups to raise ECB under the automatic route as per the following framework:- 1. Eligibility Criteria: An entity recognized […]

Individual coparcener cannot be taxed for capital gain on property of HUF

January 22, 2019 4716 Views 0 comment Print

An individual coparcener who was shown as owner in the registered sale deed could not be assessed for capital gain arising in respect of the property belonging to Hindu Undivided Family.

Govt removes condition for Advance Authorisation & extends exemptions of IGST and compensation cess for specified deemed exports

January 22, 2019 8382 Views 1 comment Print

The pre-import condition for Advance Authorisation removed by Government, extends exemptions of IGST and compensation cess for specified deemed exports. Earlier, there were no exemption available for integrated GST (IGST) and compensation cess for imports under advance authorization for deemed exports. However, these elements of customs duties were exempt for imports under advance authorisation for […]

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