AN INTRODUCTION Ministry of Corporate Affairs (MCA) introduced a scheme which gives an opportunity to the Limited Liability Partnership(LLP) to make all its pending compliances (including annual filing) without any additional fees. This means that the Limited Liability Partnership(LLP) can file the pending documents with only normal fees applicable to the Limited Liability Partnership(LLP) without […]
Opportunity For Defaulting Companies To File Pending Annual Statutory Documents / Forms And Other Documents / Forms Without Any Penalty AN INTRODUCTION Ministry of Corporate Affairs (MCA) introduced a scheme which gives an opportunity to the Companies to make all its pending compliances (including annual filing) without any additional fees. This means that the Companies […]
There has been a lot of representation from the stakeholders before the Ministry of Corporate Affairs (‘MCA’) to provide a one-time opportunity to file all the pending documents including the Annual Filing of the Company without charging additional fees. In the wake of the coronavirus pandemic, MCA by exercising his power under section 460 read […]
Clarification in respect of issues under GST Law for companies under Insolvency and Bankruptcy code, 2016 (IBC, 2016) As per IBC, once an entity defaults of payment to creditors, CIRP gets triggered and management of such entity removed by the NCLT. NCLT appointed IRP or RP and all management power assigned to the IRP and […]
Section 16 of IGST Act 2017 deals with Refund and Rule 89 explains the procedural and calculation of Refund. Sub rule (4) of Rule 89 explains the formula for calculation of Refund under Zero rated supplies without payment of tax. The formula for calculation of refund under Zero rated supply without payment of tax is […]
The Indian Corporate landscape has come a long way. The Liberalization in 1991 paved the way for foreign companies to set up operations in the country. It has been greatly recognized that with the passage of time, the laws evolve; hence, in the same way the regulatory legal framework of companies has also matured. One […]
The concept of LLP, introduced in India through the Limited Liability Partnership Act, 2008 has become a popular form of business entity in India owing to its simplified procedures for registration and maintenance. LLPs allow many of the small and medium-sized to enjoy a separate legal entity, improve transferability and provide its promoters with limited […]
Introduction & Brief Background: In line with its circular dated March 24, 2020, the Ministry of Corporate Affairs (‘MCA’) has introduced Companies Fresh Start Scheme,2020 (‘CFSS Scheme’) vide circular no. 12/2020 and 13/2020 dated March 30, 2020 under Section 460 of the Companies Act, 2013 (“Act”) read with Section 403. Important Definitions under the Scheme: […]
in case of a dispute in the date of birth, any of the following documents may be accepted as valid proof of date of birth: > Birth Certificate issued by the Registrar of Births and Deaths. > Any school/education related certificate. > Certificate based on the service records of the Central/State Government Organisations. > Any other reliable document issued by a government department.
Introduction A Share Warrant is a document issued by the company under its common seal, stating that its bearer is entitled to the shares or stock specified therein. Share warrants are negotiable instruments. They are transferable by mere delivery without registration of transfer. It is a negotiable instrument and mere delivery transfers the ownership of the shares. […]
