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Archive: 22 May 2019

Posts in 22 May 2019

An entity requires only one RCMC from its relevant EPC : DGFT

May 22, 2019 1158 Views 0 comment Print

(i) An entity requires only one RCMC from its relevant EPC as per Appendix-2T. It can keep on adding any number of businesses afterwards and RCMCs from other EPCs will be optional only. (ii) If an entity, having RCMC for goods from a particular EPC/FIEO, exports services subsequently, there is no need to obtain second RCMC from SEPC(membership with SEPC in such a case is merely optional).

Vigil Mechanism/ Whistle Blower Policy

May 22, 2019 154905 Views 8 comments Print

Name of the Company proposes to establish a Vigil Mechanism/Whistle Blower Policy with a view to provide a mechanism for Directors/ Employees of the Company to approach the Chairman of the Audit Committee of the Company.

Draft Memorandum of Association of Society

May 22, 2019 252795 Views 7 comments Print

MEMORANDUM OF ASSOCIATION OF THE SOCIETY NAMELY ‘NAME OF THE SOCIETY‘ 1. NAME OF THE SOCIETY: The Name of the Society shall be ‘NAME OF THE SOCIETY’ (Hereinafter called the Society) 2. REGISTERED OFFICE: The registered office of the Society shall remain in the Name of the State and at present it is Full address […]

Framework for accreditation of investors for Innovators Growth Platform

May 22, 2019 651 Views 0 comment Print

Accredited Investors (AIs) for the limited purpose of Innovators Growth Platform, are investors whose holding in the Issuer Company, is eligible for the computation of at least 25% of the pre-issue capital in accordance with Regulation 283.(1) of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018

Participation of Portfolio Managers in Commodity Derivatives Market in India

May 22, 2019 591 Views 1 comment Print

Portfolio Managers may participate in Exchange Traded Commodity Derivatives on behalf of their clients and such participation shall be in compliance with all the rules, regulations including SEBI (Portfolio Managers) Regulations, 1993 and circulars/guidelines and position limit norms as may be applicable to ‘clients’, issued by SEBI and Exchanges from time to time.

Difference between Export of Services on payment of IGST & without payment of IGST

May 22, 2019 18729 Views 0 comment Print

The difference between Export of Services on payment of integrated tax (and claiming refund of the same) and without payment of integrated tax (i.e. claiming refund of input tax credit) is tabulated as follows:    Particular Export with payment of Tax Export without payment of Tax 1 Procedure required to be undertaken by the company […]

How to do Nil reporting under FATCA/CRS

May 22, 2019 23652 Views 7 comments Print

As you all are aware that filing of FATCA and CRS for calendar year 2018 is near. Due date for filing of FATCA/CRS return is May 31, 2019. Even when there is no reportable transactions under FATCA/CRS, nil return is mandatory. Government has changed the process of filing of these returns last year and introduced […]

Brief notes on ROC forms for Registration of Charges

May 22, 2019 24429 Views 0 comment Print

This is a brief note on the forms introduced by MCA under Chapter VI Registration of Charges and Rules thereto which includes Form CHG-1, Form CHG-2, Form CHG-3, Form CHG-4, Form CHG-5, Form CHG-6, Form CHG-7, Form CHG-8 and Form CHG-9 vide Companies (Registration of Charges) Rules, 2014 as amended by Companies (Registration of Charges) […]

SEBI Discussion Paper on Review of Rights Issue Process

May 22, 2019 1938 Views 0 comment Print

The objective of this discussion paper is to seek comments / views from the public and market intermediaries on Review of Rights Issue Process.

10 Difficulties In Filing of Annual GST Return

May 22, 2019 27696 Views 4 comments Print

Central Gujarat Chamber Of Tax Consultants has made a representation to The Finance Minister of Central Government on Difficulties In The Filing Of Annual GST Return. Difficulties In Filing of Annual GST Return includes difficulty in filing Details of 6A of Table No. III of GSTR-9, Outward Supply in Line No. 6C & 6D of […]

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