Prime Minister Shri Narendra Modi, in his address to the Nation on April 14, 2020, declared that the lockdown in India will have to be extended till May 3, 2020, with a view to arrest the spread of COVID-19 in the country. Prime Minister also declared that select necessary activities will be allowed to be opened up from April 20, 2020, in identified areas of the country.
Company Due Diligence meaning: Due diligence refers to an investigation or an audit performed usually before an acquisition, investment, business partnership or bank loan, etc, to check the compliance with financial, legal and environmental reports to validate the business. All such investigation and results of the audit will be summarized in a Due Diligence report. […]
Hotel industry is one of the major impacted industries due to Corona virus (Covid 19) Pandemic. It is high time for the industry to reduce their costs and ensure that they are not hit with GST non-compliance notices. Since, the substantial business of the industry would be B2C (business to customer), any future demands by […]
Section 35 and Section 36 of Central Goods and Services Tax Act, 2017 related to Maintaining Accounts and Other Records and Period of retention of accounts – Accounts And Records Section 35 of CGST Act 2017- Accounts and other records (1) Every registered person shall keep and maintain accounts and other records at his principal […]
Meeting of Members for placing Ordinary or Special Resolution as SPECIAL BUSINESS (Not Ordinary Business) before them during Lockout Period due to Pandemic -COVID-19 Circular 14/2020 of MCA dated 8th April, 2020 and further relaxation vide Circular No. 17/2020 dated 13th April, 2020 Ministry of Corporate Affairs (MCA) had issued a General Circular No. 14/2020 […]
Article contains Specimen of Ordinary Resolution Appointing Auditor of The Company at an AGM, Specimen of Board Resolution To Acquire Shares of Another Company, Specimen Resolution of The Board for Appointment of Additional Director and Specimen Resolution for Appointment of Company Secretary in Practice for Secretarial Audit. 1. SPECIMEN OF ORDINARY RESOLUTION APPOINTING AUDITOR(S) OF […]
Certificate by a Chartered Accountant is to be issued with set of objects and intentions with an intent to express the professional opinion or state the facts based on the information, explanation, documents received from the promoter.
Now a days suppliers are getting various notices / advisory in emails with regard to reversal of credit due to late filling of GST return. It has created panic among tax payers due to possibility of loss of huge input tax credit. Simply, government is asking to pay your full output liability without allowing you […]
Relaxations Under Companies Act, 2013 (CA-2013) And Limited Liability Partnership Act, 2008 In View of COVID-19 Outbreak. MCA vide its General Circular 11/2020 dated March 24, 2020 issues some relaxations under Companies Act, 2013 (CA-2013) and Limited Liability Partnership Act, 2008 in view of COVID-19 outbreak. In order to support and enable Companies and LLPs […]
The Hon’ble Finance Minister (FM) has presented Union Finance Budget on February 01, 2020 which was then passed by parliament on March 27, 2020 as Finance Act, 2020. Vide the Budget FM has made various changes in the TDS and TCS provisions.
