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Archive: 26 May 2020

Posts in 26 May 2020

Format of Request letter for Transfer of Shares

May 26, 2020 227412 Views 0 comment Print

Request Letter for Transfer of Shares Date: Place: To, The Board of Directors ………………….. ………………….. Sub: Request for transfer of………………….. Equity Shares Ref:- Folio No ……………………………………….. Dear Sir(s) This is to inform you that I,………………….. , the Shareholder of …………………..shares in your Company, request you to transfer my …………………… Equity Shares held in the Company […]

Suspension of IBC : Primacy To Existence of Company Over Resolution of Stressed Assets

May 26, 2020 1290 Views 0 comment Print

On 17th May, 2020, Finance Minister Nirmala Sitharaman announced that the govt. will bring in an ordinance introducing section 10A to suspend applicability of section 7, 9 and 10 of the Insolvency and Bankruptcy Code, 2016 (IBC) for one year to stop companies from being forced into insolvency as a result of defaults owing to the COVID-19 global pandemic.

Format of Request letter for Splitting of Share Certificates

May 26, 2020 35994 Views 1 comment Print

Request letter for Splitting of Share Certificate Date : Place: To …………………………………..Ltd. ………………………………….. ………………………………….. Dear Sir/Madam, Subject: Splitting of share Certificate  Ref: Folio No. : I am shareholder of your Company holding………………………………….. Equity Shares of Rs 10 each under captioned folio no………………………………….. I wish to split Share Certificate No……………………Into………………………………….. Certificates of………………………………….. Equity Shares each. I […]

No restriction imposed on use of POA by broker- SEBI Clarifies

May 26, 2020 600 Views 0 comment Print

In a news item in today’s Business Line it has been reported that SEBI has discontinued the use of POA between a client and broker in the equity markets. This is not correct – there is no restriction imposed on use of POA by broker.

Clarification in respect of appeal in regard to non-constitution of Appellate Tribunal

May 26, 2020 8916 Views 0 comment Print

Various representations have been received wherein the issue has been decided against the registered person by the adjudicating authority or refund application has been rejected by the appropriate authority and appeal against the said order is pending before the appellate authority.

Exemption from provisions of section 14(3) of FCRA, 2010 further extended for another 60 days

May 26, 2020 732 Views 0 comment Print

After considering the lock down situation arising due to COVID-19 pandemic, it has been decided that period of 60 days granted to the Associations/NGOs vide this Ministry Public Notice of even number dated 18.3.2020 to enable them to apply for fresh registration after electronic submission of missing Annual Returns on the Portal along with the prescribed penalty, has been further extended for another 60 days.

Rules to amend Chartered Accountants Procedure of Meetings of Quality Review Board

May 26, 2020 693 Views 0 comment Print

These rules may be called the Chartered Accountants Procedure of Meetings of Quality Review Board, and Terms and Conditions of Service and allowances of the Chairperson and members of the Board (Amendment) Rules, 2020.

Spice+ New Incorporation Form

May 26, 2020 9486 Views 1 comment Print

According to The World Bank’s Ease of Doing Business 2020 survey, “India stand at 63, among 190 countries, making it one of the world’s top 10 most improved countries for the third consecutive time.” Among other improvements, the Ministry of Corporate Affairs (MCA) has fueled the Government of India’s (GoI) ease of doing business initiative. […]

Initiation of Anti-dumping investigation concerning imports of Acrylonitrile Butadien

May 26, 2020 534 Views 0 comment Print

Initiation of Anti-dumping investigation concerning imports of Acrylonitrile Butadiene Rubber originating in or exported from China PR, European Union, Japan and Russia.

Meaning & Scope of Supply | Section 7 | CGST Act 2017

May 26, 2020 17154 Views 2 comments Print

Today, I will discuss the section 7 (Meaning and Scope of Supply) under CGST Act, 2017 with relevant extract of other relevant sections. Section-7 Meaning and Scope of Supply under GST This section is very important because, if any transaction/activity is supply then only GST tax is applicable. So for determination of taxable Amount and […]

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