ARTICLE ON MICRO, SMALL AND MEDIUM ENTERPRISE (MSME) Ministry of Corporate Affairs vide Notification dated January 22, 2019, requires that ♣ Applicability: To all the companies, who (a) receive supplies of any goods and services from Micro, Small and Medium Enterprise (“MSME”) and (b) whose payment exceeds 45 days from the date of acceptance […]
In re Vservglobal Pvt. Ltd. (GST AAAR Maharastra) The Appellate Authority for Advance Ruling upheld the ruling given by the Advance Ruling Authority by observing that the services being offered by Appellant is a package of services, which is nothing but a composite supply, of which the principal supply is that of intermediary services. The […]
Certain corrections have been done in the Appendix 3B, Table 2 to align/harmonize it with the ITC HS 2017 which was notified vide Public notice 61 dated 07.03.2017.
Seeks to further amend notification No. 50/2017-customs dated 30th June 2017 to postpone the implementation of increased customs duty on specified imports originating in USA from 2nd March, 2019 to 1st April, 2019 vide Notification No. 06/2019-Customs Dated 26th February, 2019.
The MCA is constantly striving to find out and strike off the Companies which are only on the papers and defunct. In July, 2018 it came up with KYC of Directors to update its Directors database and now it came up with Companies (Incorporation) Amendment Rules, 2019 which is KYC to the Companies incorporated on […]
ACTIVE COMPANY TAGGING IDENTITIES AND VERIFICATION Every company incorporated on or before the 31st December, 2017 shall file the particulars of the company and its registered office, in e-Form ACTIVE (Active Company Tagging Identities and Verification) on or before 25.04.2019. Provided that any company which has not filed its due financial statements under section 137 […]
All about Significant Beneficial Ownership In order to bring more clarity and transparency MCA has notified the amendments to the Companies (Significant Beneficial Ownership) Rules, 2018 dated 08.02.2019 vide Companies (Significant Beneficial Owners) Amendment Rules, 2019. The amendments inter alia pertain to widening the definition and scope of “significant beneficial owner” to include direct and indirect ownership, […]
Who shall file MSME FORM I? All Companies who has outstanding dues to Micro or small enterprises more than 45 days from the date of acceptance or the date of deemed acceptance of the goods or services.
E-FORM 22A (OR E-FORM ACTIVE) The Ministry of Corporate Affairs has introduced the Companies (Incorporation) Amendment Rules, 2019 vide notification dated February 21, 2019. These Rules shall come into force from February 25, 2019. ♣ PURPOSE: Every company incorporated on or before December 31, 2017 shall file such particulars of the company and its registered […]
MCA Notifies amendment in Companies (Incorporation) Rules, 2014 Introduction: Ministry of Corporate Affairs (MCA) had on 21st February, 2019 Notified the Companies (Incorporation) Amendment Rules, 2019 in which Rule 25A is inserted, which will be effective from 25th February 2019. This newly inserted Rule 25A mandated as follow: Rule 25A: ACTIVE , which means Active […]
