"09 February 2019" Archive

Analysis of Companies (Acceptance of Deposits) Amendment Rules, 2019

ANALYSIS OF COMPANIES (ACCEPTANCE OF DEPOSITS) AMENDMENT RULES, 2019 NOTIFICATION DATED 22.01.2019– Accordingly, in order to protect and safeguard the interest of deposit holders or creditors of the company, the Central Government in consultation with the Reserve Bank of India (RBI), hereby, makes the Companies (Acceptance of Deposi...

Posted Under: Company Law |

Five Years jail to then ADIT for Accepting Bribe of Rs. One Lakh

Five Years Rigorous Imprisonment To Then Assistant Director Of Income Tax And A Private Person For Accepting Bribe Of Rs. One Lakh The Special Judge, CBI Cases, Dhanbad (Jharkhand) has sentenced Sh. Swarn Singh, then Assistant Director, Income Tax (Investigation), Dhanbad to undergo five years Rigorous Imprisonment with a fine of Rs. one ...

Posted Under: Company Law |

ICAI E-publication on Supplies by/to Government under GST

GST is levied on goods and services on supplies for a consideration in the course of business wherein in definition of business includes that any activity or transactions undertaken by the Central/State Government. However, certain exemption has been provided in regard to supplies made to Government and supplies made by Government. Except...

Posted Under: Company Law |

Companies Significant Beneficial Owners Rules, 2019

After a play of hide and seek for nearly 6 months the Significant Beneficial Owners (SBO) Rules makes a comeback. The MCA vide its notification dated 08.02.2019 has revised the SBO rules vide Companies (Significant Beneficial Owners) Amendment Rules, 2019. The Rules will be effective from date of their publication in the Gazattee of India...

Posted Under: Company Law |

An Insight on Important amendments made in CGST Act, 2017 and IGST Act, 2017

Recent Amendments Under GST Effective From 01.02.2019, As Enacted Under CGST (Amendment) Act, 2018 & IGST (Amendment Act), 2018 And Notified Vide Notification No. 02/2019 Dt. 29.01.2019 Important Amendments In CGST Act S. N. What is amended ? Amen-ded Section Old Provision Amendment in Act Amendment in Rules Effective Date of Amen-dme...

Posted Under: Company Law |

RERA Rajasthan: Documents for Project Registration

As per section 3 of the Real Estate (Regulation and Development) Act 2016 no promoter shall advertise, market, book, sell or offer for sale, or invite persons to purchase in any manner any plot, apartment or building in any real estate project or part of it, in any planning area, without registering the real estate […]...

Posted Under: Company Law |

FAQs on Secretarial Compliance Report

The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been amended to include the following Regulation: 24A: Secretarial Audit Every  listed  entity  and  its  material  unlisted  subsidiaries  incorporated  in  India  shall  undertake  secretarial  audit  and  shall  annex  with  its  ann...

Posted Under: Company Law |

Major Amendments in GST ACT(s) Applicable from 01.02.2019

After receiving the assent from The President of India on 22nd August 2018, the GST Council in its 31st meeting held on 22nd December 2018, announced following amendments in GST Act(s) 2017 which have now got effective from 01st of February 2019. The government has made various important changes in CGST and IGST Act which […]...

Interim Budget 2019-20 : key highlights of changes in Direct tax

Interim Budget 2019-20 is presented by Interim Finance Minister, Piyush Goyal. Here are some key highlights of changes in Direct tax: – No amendments in Income tax slab and Surcharge rates 1. The existing rate of Income tax will continue. Here is brief introduction of different rates of income tax for different entities: (i) Slab [&...

Posted Under: Company Law |

Addition not justified in section 153A assessments where no incriminating material found

DCIT Vs United Stock Exchange of India Ltd. (ITAT Mumbai)

Additions could not be made in respect of assessments already completed if no incriminating material was found during search or during 153A proceedings....

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