The Ministry of Corporate Affairs has recently notified the amended Companies (Appointment and Qualifications of Directors) Rules, 2014 w.e.f. 25th July, 2019. Accordingly, as per the said rules, all Directors who have been allotted Director Identification Number (DIN) are required to be file Form DIR-3 KYC. Earlier, it was expected that Form DIR-3 KYC shall […]
There might be a situation when a Company wants to shift its registered office from one state to another for various reasons such as change of core activities of the Company, majority of senior management located in the state other than registered office, etc. In such a situation, the Company has to pass special resolution […]
With the increase in the complexity and growing enterprise landscape, a number of IT companies engage in creation of databases and soft wares and have also entered in the business of data collection and data systemisation. In return, these vendor companies charge annual subscription fee that can be defined as the amount of money the vendors charge on a consequential basis for providing periodic access to their database and software.
DIR-3 KYC can now be filed on or before 30th September of the immediate next financial year as compared to 30th June, previously. Government is kind enough not to take any fees for the compliant loving persons, but if DIR-3 KYC can not be filed till 30th September also, then there is a late filing fees of Rs.5000/-.
Reporting by Indian Companies The Reserve Bank of India had come up with a New Circular No. A.P. (DIR Series) Circular No. 37 dated 28th June, 2019 which stipulates that all Indian Companies which have received FDI and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year, should file the […]
The RERA Act came into effect from May 2016. Consequent thereto the State of Maharashtra notified the applicability of various provisions of the said Act from 1st May 2017. MahaRERA was constituted by the state of Maharashtra as an authority for enforcing the various provisions of the said Act. As soon as the said authority […]
Time limit for filing e-form No. BEN-2 is extended upto 30.09.2019 without payment of additional fee and thereafter fee and additional fee shall be payable. General Circular No. 08/2019 F. No. 01/01/2018-CL-V GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS 5th Floor, ‘A’ Wing Shastri Bhawan, Dr. R.P. Road, New Delhi Dated: the 29th July, 2019 […]
Understand negligence and legal liability in insurance. Learn about the risks businesses face and how they can lead to financial loss.
Its that time of the year when usually, people are finding various ways and means (people knowing to file return) to get their Tax returns filed by either Chartered Accountants or someone who has some knowledge of it and regularly files their return of income over a period of years. However, thanks to the Central […]
Priyabrata Pramanik Addl. Commissioner, Tax Policy Research Unit Department Of Revenue, Ministry Of Finance pbpramanik@gmail.com Sri Priyabrata Pramanikhas done his Masters in Physics with specialization in Electronics from Jadavpur University, Kolkata. He belongs to IRS (Income Tax) and currently is working as Additional Commissioner, Tax Policy Research Unit, in the Department of Revenue. His area […]
