There are certain unaddressed genuine concerns which are have been causing unwarranted difficulties and hardship to our members while performing their audit of Co-operative societies in the state. We thought to bring these concerns on the table through this representation, we urge you to take cognizance of these concerns and hardships as faced by our members and provide amicable resolutions to enable our members to discharge their onerous audit function in a more efficient and effective manner in future.
Navneet Sahay Verma and another Vs. Registrar of Companies and another (Bombay High Court) The Petitioners, because of their disqualification, cannot apply under the Companies Fresh Start Scheme in respect of their companies. This Scheme is to end on 30 September 2020. They, therefore, seek a direction that they may be permitted to apply under […]
The share capital clause of memorandum of association (SCC) of a Company can be altered as per the provisions of Section 61 of the Companies Act, 2013 (Act). Section 61 provides that the articles of association (AOA) shall contain provisions for alteration of SCC of a Company, thereafter the company shall obtain an approval of […]
In brief:- Recently, many taxpayers were facing problems since the time of Revocation against cancellation of GST Registration had been expired. In this regard, the GST council provided one-time opportunity by providing an extension to file revocation applications in the 40th council meeting on 12.06.2019. Now, CBIC issues order about this matter. In detail:- Legal […]
The issue under consideration is whether freezing the bank account for such a long period is justified in law?
The 3 bills which were passed in the Lok Sabha today are (i) Industrial Relations Code, 2020 (ii) Code on Occupational Safety, Health & Working Conditions Code, 2020 & (iii) Social Security Code, 2020.
The 2013 Act introduces a new type of entity to the existing list i.e. apart from forming a public or private limited company, the Act enables the formation of a new entity a ‘one-person company’ (OPC). An OPC means a company with only one person as its member (section 3(1)). Signing of Annual Return The […]
In an unprecedented surge, India has recorded the highest number of single day Covid-19 recoveries. More than 1 lakh (1,01,468) new recoveries have been registered in the last 24 hours in the country.
Parliament passes the Essential Commodities (Amendment) Bill, 2020 will create a positive environment not only for farmers but also for consumers and investors
The Ministry of Corporate Affairs has introduced Form PAS-6 for the reconciliation of share capital to be filed half yearly. This Form is governed by the Rule 9A inserted by the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018, which provides for the dematerialization of issue of securities and existing securities of unlisted […]
