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Archive: 21 April 2020

Posts in 21 April 2020

CCI advises businesses not to take undue advantage of COVID-19

April 21, 2020 585 Views 0 comment Print

Only such conduct of businesses which is necessary and proportionate to address concerns arising from COVID-19 will be considered. Businesses are, however, cautioned not to take advantage of COVID-19 to contravene any of the provisions of the Act.

ICAI Waived off Condonation Fee for Students

April 21, 2020 465 Views 0 comment Print

Considering hardship faced by the students, it has been decided to waive off condonation fee on delay filing of all articled/industrial training related application forms till 30th June 2020 if transaction date in such application forms falls between 1st March 2020 to 30th May 2020. This period includes one-month prescribed time limit given in general.

Summary of Provisions of Financial results for Listed Entities

April 21, 2020 16446 Views 1 comment Print

All Summarized Provisions of Financial results for entities which has listed its specified securities in Exchange Financial Results (Regulation 33 of SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 1. Time Limit of submission of Audited/ Unaudited Financial Results to Stock Exchange Quarterly/Annual Results Time Limit Limited review/Audit Report Quarterly […]

SOP for sign-on and sign-off of Indian Seafarers at Indian Ports

April 21, 2020 1161 Views 0 comment Print

No. 40-3/2020-DM-I(A) Government of India Ministry of Home Affairs North Block, New Delhi-110001 Dated 21St April, 2020 ORDER In continuation of Ministry of Home Affairs’s Order No. 40-3/2020-DM-I(A) Dated 15th April, 2020, 16th April 2020 and 19th April 2020 and in exercise of the powers, conferred under Section 10(2)(I) of the Disaster Management Act 2005, […]

IBBI direct IP to refund fees drawn without any authorisation while acting as liquidator

April 21, 2020 945 Views 0 comment Print

The DC hereby directs Mr. Bhupesh Gupta to deposit an amount of Rs. 31,09,000/- (Rs. Thirty-One Lakh Nine Thousand only) in the Liquidation Estate of CD which he has drawn without any authorisation during the period 8th August 2018 to 31st October 2019 while acting as liquidator. However, Mr. Bhupesh Gupta is at liberty to claim liquidator fee in accordance with the provisions of Regulation 4(3) of the IBBI (Liquidation Process) Regulations, 2016.

SEBI relaxes regulatory provisions related to rights/ public issuances by listed entities

April 21, 2020 909 Views 0 comment Print

In the wake of challenges for the Indian economy arising out of the Covid-19 pandemic and with a view to improving access to funding to the corporates through capital markets, SEBI has decided to grant certain temporary relaxations from the regulatory provisions related to rights/ public issuances by listed entities.

Correction/rectification/amendment of GST Returns (GSTR 3B & GSTR 1)

April 21, 2020 390672 Views 177 comments Print

Mistakes in GSTR-3B: Before discussing about the errors, we must know the stage at which we want to correct or modify the data in GSTR 3B. The said stages can be as follows:

Compulsory Registration under GST

April 21, 2020 232020 Views 8 comments Print

As per the section 24 of CGST Act 2017 , certain categories of persons shall be compulsorily required to be registered under GST, even if their aggregate turnover is below specified exemption limit and are exempted from GST registration under section 22(1) – section 24(1) of CGST and SGST Act. COMPULSORY GST REGISTRATION : Notwithstanding […]

Recent relaxations by MCA, in the wake of COVID-19 pandemic

April 21, 2020 1842 Views 0 comment Print

In this article, I’ve tried to capture the various relaxations provided by the Government of India, in order to enable the businesses to cope up with the COVID-19 lockdown and help them in complying with the provisions of law, within the prescribed time frame.

Website Disclosures under Companies Act, 2013 & SEBI Regulations

April 21, 2020 42474 Views 2 comments Print

There are various provisions and compliances with relation to website disclosure which are required to be complied by the companies having website. Such website disclosure shall be in accordance with the provisions of various laws and regulations applicable to the companies. This article will inform you about the list of such disclosures which shall be […]

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