"30 May 2019" Archive

Big Question – MGT 9 or MGT 7 or Both in Annual Report?

Gaurav Kumar Pandit ACC Ltd has provided link of MGT 7 in their Annual Report. Infosys Ltd and Ambuja Cements Ltd has given MGT 9 (Extract of Annual Return) in Annual Report. TCS has given MGT 9 (Extract of Annual Return) in Annual Report and also given the link of website of the same in […]...

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Posted Under: Company Law |

GST – Bane or Boon Vis-a-Vis Railway Vendors

Indian Railway is one of the world’s largest public-sector organizations and its network, traffic, organization and extent of vertical integration are gigantic. It is the world’s largest Railway passenger transport organization, carrying 23 million passengers daily. It is also the world’s third largest Railway freight transport orga...

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Posted Under: Company Law |

Cross-utilization of ITC under GST

CBIC has clarified that IGST credit can be used for payment of all taxes. CGST credit can be used only for paying CGST or IGST. SGST credit can be used only for paying SGST or IGST. The credit would be permitted to be utilized in the following manner: a) ITC of CGST allowed for payment […]...

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Posted Under: Company Law |

All about Sovereign Gold Bond Scheme 2019-20

Circular No. RBI/2018-19/193- IDMD.CDD.No.3391/14.04.050/2018-19, Circular No. RBI/2018-19/192 IDMD.CDD.No.3392/14.04.050/2018-19, Press Release : 2018-2019/2812 (30/05/2019)

Reserve Bank of India RBI/2018-19/193 IDMD.CDD.No.3391/14.04.050/2018-19 May 30, 2019 The Chairman & Managing Director All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign G...

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Company Law Series Chapter 2: Steps for Incorporation of Public, Private & One Person Company

COMPANY LAW SERIES CHAPTER 2 STEPS FOR INCORPORATION OF PUBLIC, PRIVATE COMPANIES, AND ONE PERSON COMPANY To register a private limited company, a minimum of two adult persons are required to act as Directors of the company. A private limited company must have a minimum of 2 Directors and can have a maximum of 15 […]...

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Posted Under: Company Law |

How to Cancel a SRN No. if SRN gets approved

Procedure What, if a Company have filed with ROC any E-Form with wrong particulars and the same gets approved? How to cancel SRN NO.? Yes, an approved SRN can be cancelled! Visit the respective ROC of the States, where the registered office of the situated. ROC will guide how to SRN get cancelled. ROC will […]...

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Posted Under: Company Law |

RBI Constitutes Committee on Development of Housing Finance Securitisation Market

To review the existing state of mortgage backed securitisation in India, including the regulations currently in place, and to make specific recommendations on suitably aligning the same with international norms; To analyse the prevalent structures for mortgage backed securitisation transactions in India, including legal, tax, valuation...

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Clarification on the usage of MCA Corporate Database

Press Information Bureau Government of India Ministry of Statistics & Programme Implementation 30 MAY 2019 4:45PM by PIB Delhi National Accounts Statistics: A clarification on the usage of MCA Corporate Database 1. This press release is being issued to clarify on the recent media reports on the usage of corporate sector database (Mini...

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Posted Under: Company Law |

Section 194I: Rent for use of Land includes lease, sub-lease, tenancy payment

CIT (TDS) Vs Jaypee Sports International Ltd. (Allahabad High Court)

CIT (TDS) Vs Jaypee Sports International Ltd. (Allahabad High Court) Word ‘rent’ means any payment by whatever name called under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of any land and came to the conclusion that lease money or annual rent is rent within the meaning of section 194-I [&he...

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MCA amends Schedule VII of Companies Act, 2013

G.S.R.390(E). (30/05/2019)

Central Government hereby makes the following further amendments to Schedule VII of the said Act, namely:- In the said Schedule VII, after item (xi) and the entries relating thereto, the following item and entries shall be inserted, namely:-...

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