"20 May 2021" Archive - Page 3

Conduct Audit of medical facilities in every State: CAIT

In order to bring the pandemic under control, it is necessary that an audit of all types of medical facilities available in every State should be conducted immediately and States should be advised to take immediate steps to restore the medical facilities within a time bound period....

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Posted Under: Corporate Law |

Waive Late fees of LLP/Companies for filing during 01.04.2021 to 31.05.2021

Provide relaxation by waiver of additional fee in respect of the forms under the Companies Act, 2013 and the LLP Act, 2008, which falls due for filing during April 1, 2021 to May 31, 2021 in line with the relaxation provided vide MCA General Circulars No. 06/2021 and 07/2021 referred above, so as to enable filing of such forms without add...

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Posted Under: Corporate Law |

Clarification on offsetting the excess CSR spent for FY 2019-20

E-file no. CSR-01/4/2021-CSR-MCA 20/05/2021

Several representations have been received in the Ministry for setting off the excess CSR amount spent by the companies in FY 2019-20 by way of contribution to ‘PM CARES Fund' against the mandatory CSR obligation for FY 2020-21....

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Suresh Prabhu requests FM for positive policy for MSME & small business

BJP MP Suresh Prabhu has Wrote a letter to Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs regarding concerns of the MSMEs faced due to the second wave of Covid-19 pandemic and requested a positive policy response to enable the small business to tide over the crisis caused by the pandemic and protect […]...

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Posted Under: Corporate Law |

FCRA registration certificates validity extended up to 30.09.2021

Extension of Validity of Registration Certificates issued under The Foreign Contribution (Regulation) Act, (FCRA) 2010 Expiring/Expired during period between 29.09.2020 and 30.09.2021 The Ministry of Home Affairs (MHA) has extended the validity of registration certificates issued under the Foreign Contribution (Regulation) Act, 2010 which...

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Posted Under: Corporate Law |

COVID19 vaccination to be deferred by 3 months after recovery from illness

New Recommendations of NEGVAC accepted by Union Ministry of Health. As per new recommendations of NEGVAC, COVID19 vaccination to be deferred by 3 months after recovery from the illness. If infected with COVID after 1st dose, 2nd dose to be deferred by 3 months after clinical recovery from COVID-19 illness...

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Posted Under: Corporate Law |

SEBI Consultation Paper on Merger of ILDS/NCRPS/NCS Regulations

Consultation Paper - Review and Merger of SEBI (Issue and listing of Debt Securities) Regulations, 2008 and SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 into SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021...

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Posted Under: Corporate Law |

Section 194A TDS not applicable if amount was below threshold limit

ACIT Vs Singareni Colleries Company Ltd. (ITAT Hyderabad)

ACIT Vs Singareni Colleries Company Ltd. (ITAT Hyderabad) On careful reading of the Notes submitted by the assessee company it is clear that the assessee is providing interest at certain percentage and credited to the fund account. Further, he observed that it is also a fact that the insurance premium is paid out of interest […]...

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GST on Vaccine, Oxygen Concentrators & other allied items – An Analysis

The current situation from which we all are struggling and fighting day in and day out is to eliminate COVID-19 as soon as possible by undertaking vaccines as per the criteria’s set by Central Government regarding Age limits, and following COVID appropriate behavior in the form of wearing masks, sanitizing hands, and maintain sufficient...

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Posted Under: Corporate Law |

Central Finance Act, 2021 vis-a-vis Goods & Service Tax Acts

The Central Finance Act 2021 has been passed by both the houses of parliament and the President has given assent on 28.03.2021. It has made several amendments to the Central Goods & Services Tax Act, 2017 (CGST Act) followed by corresponding changes in the respective State Goods & Services Tax Acts, 2017 (SGST Acts) and […]...

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Posted Under: Corporate Law |

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