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Archive: 01 February 2020

Posts in 01 February 2020

Section 271BA Penalty for failure to furnish section 92E report

February 1, 2020 11430 Views 0 comment Print

Understand the penalty for failure to furnish a section 92E report under section 271BA of the Income Tax Act.

Key features of SPICe+ for Greater Ease of Doing Business

February 1, 2020 1710 Views 0 comment Print

As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs would be shortly notifying & deploying a new Web Form christened ‘SPICe +’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form. SPICe+ would offer 10 services by 3 Central Govt Ministries & Departments. (Ministry of Corporate Affairs, Ministry […]

Default In Holding of AGM, Failure and Consequences

February 1, 2020 70770 Views 1 comment Print

Introduction: A company is required to hold annual general meeting (AGM) as per the provisions of sec 96 of the act. A onetime three months extension period is allowed, expiry of which makes the company and its officers defaulters and may attract unwanted penalties and prosecution. Default in holding of AGM and remedies to overcome […]

Format of Gift Deed- Gift of equity shares

February 1, 2020 129033 Views 6 comments Print

DECLARATION OF GIFT This declaration  of Gift is made on this ___ day of  _______, ___ between ______________, W/o ________________,  R/o. ___________________, (herein after called the donor) of the one part, and ________________ , R/o. ______________________________, (herein after called the donee) of the other part: Where as the donor out of her natural love and […]

100 more Airports to be developed by 2024 to support UDAAN Scheme

February 1, 2020 1407 Views 0 comment Print

100 more Airports to be developed by 2024 to support UDAAN Scheme. Union budget proposes Rs. 22000 Crore for Power and Renewable Energy sector in Current FY National Gas Grid to be expanded from the present 16200 km to 27000 km. Government to consider corporatizing at least one major port and its listing on stock exchanges

148 Km long Bengaluru Suburban Transport Project proposed

February 1, 2020 576 Views 0 comment Print

148 Km long Bengaluru Suburban Transport Project at a cost of Rs 18600 Crore proposed. A National Logistics Policy to create a single Window E-Logistics Market Proposal to Monetise at least 12 Lots of Highway Bundles of over 6000 Km before 2024.  Proposal to Set up large Solar Power Capacity Alongside Rail Tracks, on Railway’s Land. Four Station Re-Development projects and Operation of 150 Passenger Trains through PPP Mode. National Skill Development Agency to give Special Thrust to Infrastructure-Focused Skill Development Opportunities.

Advisories on Corona Virus

February 1, 2020 2013 Views 0 comment Print

Article compiles Guidelines on Clinical management of severe acute respiratory illness (SARI) in suspect/confirmed novel Coronavirus (nCoV) cases, Updated Travel advisory for travelers visiting China (to replace previous travel advisory), Guidance on Surveillance for human infection with 2019-nCoV, Guidelines for Infection Prevention and Control in Healthcare Facilities and Guidance for sample Collection, Packaging and Transportation […]

What is Commercial Paper and FAQs

February 1, 2020 21621 Views 0 comment Print

Commercial paper, or CP, is a short-term debt instrument issued by companies to raise funds generally for a time period up to one year. It is an unsecured money market instrument issued in the form of a promissory note and was introduced in India in 1990. Corporates which enjoy a high rating can diversify their […]

Sweat Equity Shares (For other than listed Companies)

February 1, 2020 4533 Views 0 comment Print

Defining Sweat Equity Shares as per Companies Act, 2013 As per Sub-section (88) of section 2: Sweat Equity Shares means equity shares issued by a company to its director or employee at discount or for consideration other than cash, for providing know-how or making available like intellectual property rights or value addition. Eligibility for Sweat […]

Eligibility of MEIS on Export of Apparel and made-ups

February 1, 2020 3069 Views 0 comment Print

As we all are aware that MEIS benefit has been withdrawn for item under Chapter 61, 62 and 63 of ITC HS 2017 for exports made with effect from 7 March 2019.

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