As per Section 90 of the Act 2013, every significant beneficial owner is required to disclose the nature of his/her interest and other particulars within the prescribed period of time to the Company, and same will be inform to the Registrar of Companies. In the said connection, MCA has issue Companies (Significant Beneficial Owners) Rules, […]
Regulation 11(aa) provides that a Portfolio Manager shall obtain prior approval of SEBI in case of change in control in such manner as may be specified by SEBI. Accordingly, it has been decided that all SEBI registered Portfolio Managers shall comply with the following in case they propose a change in control:
Taxpayers need to keep in mind high-value transactions they made while filing their income tax returns. The income tax department is using analytics to scrutinize data to find out people who have not filed income tax returns (ITR) or under-reported income despite doing a high-value transaction. Let’s understand what these high-value transactions are and how […]
Main Objects Of Different Companies Numerous companies are incorporated everyday with different objectives. An important element of the Memorandum of Association of a company is its main objectives that define the purpose for which the company has been incorporated. Hence, it is very important that the objects of the company shall be drafted very carefully […]
Article contains Updated Due Dates for GSTR-3B (Turnover > 5 Crores in PY), Updated Due Dates for GSTR-3B (Turnover < 5 Crores in PY) Category II, Updated Due Dates for GSTR-1/IFF, explanation on Relaxations to Composition Taxpayers and explanation on Other Relaxations to GST Taxpayers. Updated Due Dates for GSTR-3B (Turnover > 5 Crores in […]
Common tax-saving mistakes: ♦ Not exhausting all the tax-saving avenues: -There are various investment schemes notified under section 80C along with certain expenses, do cover all in your checklist. -Apart from 80C, one must look at section 80CCC (included under the section 80C limit) and section 80D allows medical insurance premium installments. ♦ Section 80C […]
Comprehensive breakdown of SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2021– A move towards stricter governance for an emerging asset class Introduction With more than 700 alternative investment funds listed under SEBI and with multiple schemes being operating under each fund, the alternative investment funds sector has started gaining recognition as a prominent asset class […]
File has been attached for applying COMPANY SECRETARY Membership Number with a few easy steps. Hope this will help a lot to all CS aspirants who are keen to become a valued member of ICSI. User Manual for Applying ACS Membership Below are the steps that you need to follow for applying ACS Membership. 1. Go to icsi.in/student/Home.aspx or http://www.icsi.edu/ 2. Click on login OR 3. Now enter your Username & password 4. […]
Nature of Supply in case of Billing address is outside India and Ultimate Recipient is in India: 1. Export of Goods (Section 2(5) of IGST Act): Taking Goods out of India to a place outside India. In the above case Goods are not going out of India. Therefore, it can not be treated as export […]
STEPS TO INCORPORATE A PRIVATE COMPANY: 1- Ascertain the object and the main business activity for which the company is to be incorporated. 2- Apply for the Reservation of Name for the Proposed Company (Spice+ Part A). (Note: You can also submit Spice+ Part A form separately or along with Spice+ Part B).
