Taxes paid under following Acts are covered by Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 Central Excise, Service Tax Other Indirect tax enactments namely The Agricultural Produce Cess Act,1940 The Coffee Act, 1942 The Mica Mines Labour Welfare Fund Act, 1946 The Rubber Act, 1947 The Salt Cess Act, 1953 The Medicinal and Toilet Preparations […]
The e-form BEN-2 is the prescribed form released by the ministry of corporate affairs vide notification dated 8th February 2019, wherein every company has to file a return to the ROC for following purposes 1. For declaration of significant beneficial ownership under section 90 2. For change in significant beneficial ownership 3. For declaration of […]
e-form DPT-3 applicability and implications The Ministry of Corporate Affair vide its notification dated January 22, 2019 had directed Every Company to file the e-Form DPT-3, except the following: Government Company; Non-banking and finance company; and Banking Company Before January 22, 2019, only the company, who accepted the Deposits were required to file a return of deposit […]
Voluntary Liquidation of Company (Section 59 of the Insolvency and Bankruptcy Code, 2016) > Application for Voluntary Liquidation:- A Company who intends to liquidate itself voluntarily and has not committed any default on any debt to any person may initiate voluntary liquidation proceedings. A Company may choose to be wound up voluntarily under several circumstances […]
Under the Goods and Services Tax (GST), the government has announced a transition plan for taxpayers to adapt to new simpler return forms. To ease this transition process and encourage familiarization, the new form will be available on a trial basis from July to September. In its 31st meeting, the GST Council had decided that a […]
Draft CS (Amendment) Regulations, 2019 A Step Towards Implementing & Executing Vision New ICSI 2022 THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under Act of Parliament (Under Jurisdiction of Ministry of Corporate Affairs) “For the soul there is never birth nor death. Nor, having once been, does he […]
Enhancement of the quality of the future members, is the prime objective of the Vision New ICSI 2022. The proposed Company Secretaries (Amendment) Regulations, 2019 requires introduction of CS Executive Entrance Test (CSEET) in place of the Foundation Course.
DIR –3 KYC, a form has been initially introduced vide Notification dated 5 July 2018 by Ministry of Corporate Affairs and made compulsory filing for the directors. The directors are required to update their basic details like name, address, mobile number, mail id etc with respect to the proofs. The motive behind the introduction of […]
Section 10A of Companies Act, 2013- Commencement of business etc. (1) A company incorporated after the commencement of the Companies (Amendment) Ordinance, 2019 and having a share capital shall not commence any business or exercise any borrowing powers unless— (a) a declaration is filed by a director within a period of one hundred and eighty days of […]
Reopening of assessment u/s 147 of the IT Act , 1961 on the basis of information from Investigation Wing of the department On the basis of information received from the investigation wing of the department, the Assessing officer cannot issue notice u/s 148 of the act mechanically, without using his own mind. He has to […]
