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Archive: September, 2020

Posts in September, 2020

Procedure to alter Object Clause of MoA of a Private Company

September 16, 2020 5268 Views 0 comment Print

Procedure for Alteration in the Object Clause of Memorandum of Association (MoA) of a Private Company Introduction: ♦ The object clause of the Company is the one of the most important clause of memorandum of association of any Company stating the objects i.e. the business/purpose for which the Company is incorporated and any other matter […]

Listing & trading of units of InvITs & REITs on stock exchanges in IFSC

September 16, 2020 1062 Views 0 comment Print

Listing and trading of units of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) on recognized stock exchanges in International Financial Services Centres (IFSC)

Measures taken to Boost The Growth of Industries

September 16, 2020 714 Views 0 comment Print

Promotion of industries is a continuous and ongoing effort of the Government. Government has taken a number of steps, in addition to the ongoing schemes, to boost the growth of industries. The measures taken in a few important areas are highlighted below:

One-stop digital platform to obtain all requisite Govt approvals

September 16, 2020 684 Views 0 comment Print

Creation of a centralized Investment Clearance Cell which would provide end-to-end facilitation support, including pre-investment advisory, information related to land banks; and facilitating clearances at Central and State level was proposed and the same is also a Budget Announcement 2020-21.

B2B e-invoice QR Code vs. B2C Dynamic QR Code: Know the Differences

September 16, 2020 21501 Views 1 comment Print

IRP-generated QR Code on B2B & Export Invoices, Credit & Debit Notes Vs. Self-generated Dynamic QR Code on B2C invoices It is observed that there are frequent queries on QR Codes to be mentioned on invoices as per statutory provisions. Below note summarises the comparative position: IRP-generated QR Code on B2B & Export Invoices, Credit […]

Measures for revival of industries during COVID-19

September 16, 2020 477 Views 0 comment Print

Ministry of Commerce & Industry Impact of Coronavirus Posted On: 16 SEP 2020 4:22PM by PIB Delhi The sudden outbreak of COVID-19 has severely impacted some of the major economies of the world. It has affected countries across the globe including some of the major players like USA, European Union, UK, and India.Both World Bank […]

Extension of deadlines for various compliances under Companies Act

September 16, 2020 1674 Views 0 comment Print

After considering the various representations of stakeholders and the impact of COVID-19 pandemic, in order to facilitate defaulting companies to make a fresh start on a clean slate by filing documents required to be filed under the Companies Act, 2013

E-Commerce Retail Companies

September 16, 2020 534 Views 0 comment Print

Ministry of Commerce & Industry E-Commerce Retail Companies Posted On: 16 SEP 2020 4:23PM by PIB Delhi Representations alleging violations of extant laws by e-commerce companies, have been received. In this regard, representations received are being examined by Department for Promotion of Industry and Internal Trade (DPIIT) and certain alleged contraventions under the FDI Policy, […]

GST e-invoice/IRN System

September 16, 2020 6024 Views 0 comment Print

The GST Council, in its 37th meeting held on 20th September, 2019, approved introduction of electronic invoice (‘e-invoice’) in GST in a phased manner. Accordingly, steps have been initiated to introduce ‘e-invoicing’ for reporting of Business to Business (B2B) invoices, beginning from 1st January, 2020 on voluntary basis.

Impact of Corona on Sezs

September 16, 2020 567 Views 0 comment Print

Along with IT/ITES Units, Non IT/ITES Units in SEZs have also been allowed to take desktop/laptop outside SEZs to work from home. This has enabled exports especially in IT/ITES sector to register a positive growth despite lockdown.

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