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Archive: 27 May 2020

Posts in 27 May 2020

Cessation of 7.75 percent Savings (Taxable) Bonds, 2018 wef 28.05.2020

May 27, 2020 876 Views 0 comment Print

Government of India (GoI), vide Notification F.No. 4(28)-(W&M)/2017 dated May 27, 2020, hereby announces that 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on 28th of May, 2020.

How Technology is Thriving in COVID-19 Crisis

May 27, 2020 864 Views 0 comment Print

With the young exploring old ways of connecting and the old interacting with the new, the COVID-19 epidemic has made us turn to some theories regarding Internet technology and demographics. The COVID-19 pandemic is reshaping the global economic climate with the UN expecting a $1 trillion hit to the world economy this year from the […]

ICAI Launches Website on Disciplinary Mechanism

May 27, 2020 735 Views 0 comment Print

ICAI Website on Disciplinary Mechanism – https://disc.icai.or Dear Professional Colleagues, Greetings from the Institute of Chartered Accountants of India! At the outset, we at ICAI sincerely hope and wish that all of you are doing well and keeping yourself and your family safe from unprecedented life threatening COVID – 19 pandemic. When the entire world […]

Incorporation of Private Limited company | Companies Act 2013

May 27, 2020 27351 Views 6 comments Print

In this article my effort is to highlight  the registration process of private limited Company and documents required thereof, through this article I would like to show the road map of the end to end  procedural aspect of the incorporation.

COVID-19: A Force Majeure Event?

May 27, 2020 1368 Views 0 comment Print

In the midst of the staggering effect of Coronavirus in short (COVID-19) life is changing drastically so is the capacity of organizations to work in their rented spaces. In spite of the fact that the lockdown which is going on now is the main conceivable approach to control the spread of the infection which has […]

Withdrawal of waiver of late fee for delayed filing of Bill of Entry

May 27, 2020 1935 Views 0 comment Print

The general waiver of late filing charges will not be available with respect to Bill of Entry for IGMs where entry inwards date is after 31.05.2020. In respect of Bill of Entry filed for IGMs where entry inwards date is upto 31.05.2020, the general waiver shall cease to be available to Bill of Entry filed after 08.06.2020.

Mandatory completion of 2 Structured CPE Hours Each on Standards on Auditing & Code of Ethics

May 27, 2020 3966 Views 0 comment Print

Requirement of mandatory completion of 2 Structured CPE Hours, each on the topics of ‘Standards on Auditing’ and ‘Code of Ethics’ during every Calendar year, from Calendar Year 2020 onwards in Online/Virtual mode for COP holders and grant of structured CPE hours through Virtual CPE Meetings. Considering the interest and well-being of the members and […]

Assessment without Section 143(2) notice is not justified in law 

May 27, 2020 2484 Views 0 comment Print

The issue under consideration is whether CIT(A) is correct by annulling the assessment order on the ground that no notice under section 143(2) was issued before the completion of assessment?

Govt notifies public utility services under Industrial Disputes Act, 1947

May 27, 2020 6903 Views 1 comment Print

Central Government is satisfied that public interest so requires that the services engaged in the coal industry, services of the industry engaged in the processing or production or distribution of fuel gases (coal gas, natural gas and the like), services in the Transport (other than railways) for the carriage of passengers or goods, by land […]

Procedure for Increase in Authorised capital of Company

May 27, 2020 18924 Views 0 comment Print

Authorised Share Capital is the maximum amount of the capital for which shares can be issued by the Company to shareholders, it is the capital mentioned in the Memorandum of Association of the Company under heading of ‘Capital Clause.’ As per Section 2(8) of the Companies Act, 2013 “Authorised capital or Nominal Capital” means such […]

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