Dismissal of Appeal by ITAT after filing Vivad Se Vishwas Scheme 2020 before receiving Form 3 from Department
Clarification/ Guidance on applicability of Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2). As you are aware, Section 118(10) of the Companies Act, 2013 provides for mandatory observance of SS-1 and SS-2 by all companies.
Earlier the MSMEs were defined on te basis of th investment made by them however now the revised definition has been brought by the Government of India while delivering the economic package as part of the AAtmnirbhar Bharat Abhiyan and further change has been approved in the definition of the MSMSe to provide equity support […]
The enactment of Insolvency and Bankruptcy Code, 2016 (IBC) is a remarkable and commendable step taken by the central government to provide a regulatory framework by consolidating all previous enactments and providing a time-bound resolution to the financial and operational creditors to recover their debts from corporate debtor effectively. Prior to the enactment of IBC, […]
Guidance On Money Laundering (ML) And Terrorist Financing (TF) Risk Assessment By Non-Banking Financial Companies (NBFCS) LEGAL REQUIREMENTS ML/TF RISK ASSESSMENT: Reserve Bank of India has issued Notification w.r.t. Internal ML/TF Risk Assessment by Regulated Entities – Amendment to Master Direction (MD) on KYC, where Regulated Entities (REs) are required to carry out ‘Money Laundering […]
INTRODUCTION With the pandemic creating a turmoil worldover what is equally important now for Businesses is to plan their steps keeping in view the range of Risks that can walk across ones path. Challenges being faced by companies is quite known to the Regulators as they seek to bring more directions in Disclosures and Transparency. […]
Ministry of MSME gears up to implement the New Norms of classification of MSMEs As stated earlier, the upper ceiling for classification of MSMEs now has been raised New definition and criterion notified; will come into effect from 1st July, 2020. As part of new definition, Exports will not be counted in turnover for any enterprises whether micro, small or medium.
Key Highlights: -Ministry of MSME gears up to implement the New Norms of classification of MSMEs -the upper ceiling for classification of MSMEs now has been raised –New definition and criterion notified; & will come into effect from 1st July, 2020 -Exports will not be counted in turnover for any enterprises whether micro, small or […]
Company is manufacture of die casting of Aluminum and Zinc in India and on the request of the Foreign buyer and as the drawing company manufacture die for certain years use it die for export of product to buyers. At last, foreign buyer asked to Scrap the die. Second, the die was made in Singapore […]
The petitioner states that since no provisional ID was received from GSTN, it proceeded to utilise an ID using random units that, admittedly, has no basis and was defective. Using this ID, business was conducted during the period 01.07.2017 to 21.08.2017 and credit was also earned.
