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Archive: 06 February 2021

Posts in 06 February 2021

Change of Name of Company- Forms to be filed with MCA

February 6, 2021 10806 Views 1 comment Print

Article explains form to be filed with Registrar of Companies for Change of Name of Company under Companies Act, 2013 and Attachments to be filed with form and Relevant Sections for the same. Change of Name of Company S.No. Form Particulars Attachments Relevant Section 1 Proposed company needs to reserve the name New Name (Two […]

Process for Appointment of Foreign Director in Indian Company

February 6, 2021 1875 Views 0 comment Print

Process for Appointment of Foreign Director in Indian Company under Section 152 of Companies Act, 2013 mentioning the form to be filed with Ministry of Corporate Affairs (MCA)  and relevant attachments. Appointment of Foreign Director(Section 152) S.No. Form Particulars Attachments Relevant Section 1 SIFY FORM NRI/ Foreign National is required to obtain Digital Signatures. 1. […]

SC directs UOI to submit proposal of reasonable HRA amount for Tribunal Members

February 6, 2021 957 Views 0 comment Print

Madras Bar Association Vs Union of India & Anr. (Supreme Court of India) The Supreme Court  held that If it is not possible to provide housing to the members of the tribunal, the UOI was directed to pay an amount of Rs. 1.5 lakhs as HRA to the Chairman & Vice-Chairman and Rs. 1.25 lakhs […]

Taxability of ULIP

February 6, 2021 36507 Views 15 comments Print

Unit Linked Insurance plans had become one of the favorites of high-net-worth Individuals in the past few years. With their EEE feature (i..e eligible for 80C deductions, exemption of bonus received, no tax on amount received at maturity) and returns linked with investment in Equity & debt along with life cover was all that was […]

ITAT holds its first bench at Jammu ICAI Premises

February 6, 2021 525 Views 0 comment Print

ICAI had entered into an MOU with al (ITAT) whereby ICAI extended the facility of using ICAI infrastructure at branches for conducting camp hearings of ITAT as and when required at ICAI branches& offices across the country including Srinagar & Ladakh.

Zero-rated Supplies under GST after Budget 2021

February 6, 2021 14334 Views 2 comments Print

The Union Budget 2021 was presented by the Finance Minister on 01.02.2021 in the parliament. The budget speech that went on for nearly 2 hours, merely 2 minutes were spared on GST wherein the Finance Minister applauded the parliament on GST and listed the measures taken by the Government in the last 4 years of […]

MCA21 Version 3.0 to be launched in Fiscal 2021-22

February 6, 2021 7563 Views 0 comment Print

MCA will launch data analytics driven MCA21 Version 3.0. This Version will have additional modules for e-Adjudication, e-Consultation and Compliance Management. MCA21 system is the first Mission Mode e-Governance project of Government of India.

Increase in FDI limit in Insurance Sector will positively impact Indian Economy

February 6, 2021 2805 Views 0 comment Print

Secretary, DPIIT, Ministry of Commerce and Industry, Dr. Guruprasad Mohapatratoday said that increase in  FDI limit from 49% to 74% in Insurance Companies announced in the Union Budget 2021-22  will have positive impact on the Indian economy.

FinTech – The future of Finance

February 6, 2021 15696 Views 0 comment Print

Financial technology (Fintech) is a term used to describe financial services which are predominantly technology driven or applying technology to improve financial services. With the revolution of internet and heavy penetration of smart phones, access to technology has become extremely affordable. This has further boosted the growth of financial technology which has grown explosively. In the initi

Analysis of GST Proposals in Union Budget 2021-New perspective

February 6, 2021 2355 Views 0 comment Print

Today I am discussing Major GST Proposals in Union Budget 2021 in very simplified manner-  Analysis of Proposed Provisions related to CGST ACT- ♠ Section 7(1)(a) –New clause inserted (aa) – Supply includes supply of goods or services by clubs or associations to its members and that to retrospective effect -01.07.2017 ,for cash ,deferred payment […]

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