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Archive: April, 2019

Posts in April, 2019

Brief on Rajasthan Real Estate (Regulation & Development) Rules, 2017

April 11, 2019 4986 Views 0 comment Print

In exercise of the powers conferred by section 84 of the Real Estate (Regulation and Development) Act, 2016 (Central Act No. 16 of 2016), the State Government, has made the Rajasthan Real Estate (Regulation and Development) Rules, 2017 enacted from May 1, 2017. FORMS (Link to download forms – http://rera.rajasthan.gov.in/Home/DownloadForm) Form A (see rule 3(2)):- […]

Technology Committee for Mutual Funds / Asset Management Companies

April 11, 2019 1026 Views 0 comment Print

In order to deal with various technology related issues, AMCs are advised to constitute a Technology Committee comprising experts proficient in technology. Such committee shall have atleast one independent external expert with adequate experience in the area of technology in Mutual Fund industry / BFSI.

System Audit framework for Mutual Funds / AMCs

April 11, 2019 3909 Views 0 comment Print

Considering the importance of systems audit in technology driven asset management activity and to enhance and standardize the systems audit, revised guidelines in this regard are placed at Annexure 1. These guidelines are indicative and not exhaustive in nature. On the date of issuance of this circular, SEBI Circular SEBI/IMD/CIR No.9/176988/2009 dated September 16, 2009 shall stand rescinded.

New Form DPT-3- One Time Compliance for All Companies

April 11, 2019 11481 Views 10 comments Print

Drastically praiseworthy change vide Companies (Acceptance of Deposits) Amendment Rules, 2019 As per new amendment Rule 16, it is hereby clarified that Form DPT-3 shall be used for filing return of deposit or particulars of transaction not considered as deposit or both, Rule 16A, every company  other than Government Company shall file a onetime return […]

GST Invoice and GST Invoice Number

April 11, 2019 252615 Views 17 comments Print

In general terms, an invoice is a commercial instrument which is being issued by a seller to the buyer. Invoicing plays a very crucial role and is of high importance under GST. Generally, the registered taxable person under GST is required to prepare tax invoice, however, other forms of invoices relevant under GST are mentioned hereunder

Fees for certified copies sought under RTI cannot be charged under CS Act, 1980

April 11, 2019 10320 Views 0 comment Print

Avenue for seeking certified copies as well as inspection is provided both in the Right to Information Act and in Company Secretaries Act, 1980. We are cognizant of the fact that guidelines of the appellant, framed by its statutory council, are to govern the modalities of its day-to­day concerns and to effectuate smooth functioning of its responsibilities under the Company Secretaries Act, 1980.

Formation of Company – Section 3 of Companies Act, 2013

April 11, 2019 10794 Views 1 comment Print

Section 3 of the Companies Act, 2013 talks about formation of company and according this section company can be formed for any lawful purpose. This section mandates minimum number of person(s) or member(s) required for forming a company and following are three types of company on the basis of membership as per section 3 of […]

New ITR Forms & Changes in Particulars to be furnished

April 11, 2019 44694 Views 7 comments Print

The New IT return forms has been made applicable for the FY 2018-19 and new changes/additional information required will not only bring more transparency but also help in automatically validating or cross-checking the income and other details that the tax authorities may have from other sources.

Search and Seizures under GST- HC explains process to be followed

April 11, 2019 14718 Views 0 comment Print

Points that emerge for adjudication are whether the search and seizure  under GST was carried out by observing the ‘substantive due process’ as well as the ‘procedural due process.’

VALUATION – Frequently Asked Questions

April 11, 2019 3588 Views 0 comment Print

As we all know that ICAI Registered Valuers Organisation is committed towards development of the valuation profession for the Asset Class- Securities or Financial Assets. The role of the valuation professionals has become dynamic and they are required to sharpen their skills and perform their duties with due diligence and to abide by the Code […]

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