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Archive: March, 2021

Posts in March, 2021

ICAI: Special Exams for candidates under MRAs/MoUs with Foreign Accounting Bodies

March 6, 2021 3541 Views 0 comment Print

Special Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into Mutual Recognition Agreement (MRA) / Memorandum of Understanding (MoU)

Dormant V/s Defunct Companies

March 6, 2021 28881 Views 0 comment Print

Article explains What is dormant Company, What is a defunct company, Status of a Defunct Company, Process To Apply For Dormant Status, Conditions for obtaining the status of dormant company, Dormant Company Compliances requirement, What are the benefits and exemptions provided to a dormant company and How to reactivate a Dormant company? What is dormant […]

Start Up- Meaning, Eligibility Criteria, Benefits, Registration & fees

March 6, 2021 5592 Views 0 comment Print

Article explains Meaning of Start Up, Key Points To Understand a Start up, Eligibility Criteria for Startup Recognition, Some Benefits of start up and Registration and fees of Start-up. Meaning of Start Up A startup or start-up is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business […]

NITI Aayog: Guiding principles for online fantasy games platforms in India

March 6, 2021 2994 Views 0 comment Print

Today’s Economic Times carries a promising news on a group conducting online fantasy games in India and getting a fancy market valuation in international market. NITI Aayog got its publication titled “Guiding Principles for the Uniform National-level Regulation of Online Fantasy Sports Platforms in India” on its website and invited suggestions or views from all […]

Opportunity of being heard shall be given before passing of any order by GST Authority

March 6, 2021 7716 Views 1 comment Print

HC set aside the order imposing liability of Service tax along with interest & penalty and order in Form GST DRC-16 by the Assistant Commissioner for attachment of factory premises on the ground that no opportunity of personal hearing was given and held that one opportunity shall be given to appear and to defend the case.

Due date for Payment of Excise Duty for the Month of February, 2021

March 6, 2021 6963 Views 0 comment Print

Attention Manufacturer registered under Central Excise Act, 1944! Due date for payment of Excise Duty through internet banking for the goods manufactured and cleared during the month of February, 2021 is March 06, 2021. Ministry of Finance Government of India Hurry! Manufacturer Registered Under Central Excise Act, 1944 Remember due date for payment of Excise […]

MCA enables Aadhar authentication for GSTIN on Company Incorporation

March 5, 2021 2238 Views 0 comment Print

Companies (Incorporation) Third Amendment Rules, 2021. Introduction of Aadhar authentication facility for GSTIN Registration in Form INC-35 AGILE-PRO This is to inform you that the Ministry of Corporate Affairs has issued a notification on 05th March 2021 stating that in the Form INC-35 AGILE-PRO, part of SPICE+, in serial no-12 at the end of table […]

MCA mandates new Form & MGT-7 & MGT 7A for OPC & small companies

March 5, 2021 39981 Views 1 comment Print

(1) These rules may be called the Companies (Management and Administration) Amendment Rules, 2021. (2)  They shall come into force on the date of their publication in the Official Gazette.

LTC (Leave Travel Concession) Cash Voucer Scheme

March 5, 2021 18795 Views 6 comments Print

Government in Budget 2021 notified Leave Travel Concession (LTC) cash Voucher scheme. In view of the situation arising out of outbreak of COVID pandemic, it is proposed to provide tax exemption to cash allowance in lieu of LTC. Initially, the scheme was announced in October 2020 for Central Government Employees and later via a press […]

MCA notifies amendment in Section 92 of Companies Act 2013

March 5, 2021 9942 Views 0 comment Print

Commencement notification of the provisions of Companies (Amendment) Act, 2017 w.e.f. 05th March, 2021 in respect of provisions relating to Annual Return MCA notifies date of applicability of amendment in Section 92 of Companies Act, 2013 w.e.f. 05th March, 2021 which deals with Annual Return of the company. Amendment was made by Companies (Amendment) Act, […]

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