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Archive: May, 2021

Posts in May, 2021

MCA allows GAP up to 180 days between two board meetings

May 3, 2021 13296 Views 0 comment Print

Gap between two consecutive meetings of the Board may extend to 180 days during the Quarter – April to June 2021 and Quarter – July to September, 2021, Instead of 120 days as required in the Companies Act 2013. General Circular No. 08/2021 Dated 03-05-2021. The Ministry of Corporate Affairs vide its circular dated 03rd […]

Time Relaxed for Form for Creation or Modification of Charges

May 3, 2021 7656 Views 0 comment Print

MCA Relaxates of time for filing forms related to creation or modification of charges under the Companies Act, 2013 vide General Circular No. 07/2021 Dated: 03/05/2021. General Circular No. 07/2021 File No.02/01/2021-CL-V Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. R. P. Road, New Delhi-110001. Dated: 03/05/2021 To All […]

Additional Fee for certain Forms for Companies/LLP relaxed

May 3, 2021 26904 Views 4 comments Print

MCA relaxes levy of additional fees in filing of certain Forms under the Companies Act, 2013 and LLP Act 2008 vide General Circular No. 06/2021 Dated: 03/05/2021. In view of the difficulties being faced by stakeholders in filing various forms under the Companies Act, 2013 and LLP Act, 2008, the Ministry of Corporate Affairs vide […]

GST Realaxation to Taxpayer in Second Wave of Covid-19

May 3, 2021 3330 Views 0 comment Print

 We hope you and your family members are healthy and safe in this Covid-19 pandemic situation, Government is also considering the hurdle faced by the taxpayer to meet the compliance under GST. Hence the Government has issued notifications to provide some relaxation to taxpayers. Notification No. 07/2021-Central Tax: – As Per Notification No. 07/2021 dated […]

What to do if bank has misplaced the original documents?: Procedure & Remedy Available

May 3, 2021 17805 Views 0 comment Print

There are times when a customer takes a loan from the Bank and the concerned bank loses the original documents. At times, such a negligent act has been deferred by bank and they do not accept their responsibility and liability with respect to the same.

Relaxation from compliance with certain provisions of SEBI LODR

May 3, 2021 2628 Views 1 comment Print

Relaxation from compliance with certain provisions of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 (‘LODR’) due to the Covid-19 pandemic 1. On account of various representations made by listed entities, professional bodies, industry associations, market participants etc. requesting extension of timelines due to ongoing second wave of the Covid-19 pandemic, SEBI videits Circular No. […]

Relaxation in GST during COVID 2.0

May 3, 2021 2241 Views 0 comment Print

As we read this piece, India is going through its tough times wherein in people of the country as fighting for the survival due to COVID 2.0. People from most part of the country are struggling to get “Oxygen” for breathing which is necessity to live on this planet. Naturally, the business and statutory compliances […]

Reports of no order for COVID19 Vaccines by Centre are Incorrect

May 3, 2021 486 Views 0 comment Print

There have been some media reports alleging that the Centre has not placed any fresh order for COVID-19 vaccines. The news reports suggest that the last order placed with the two vaccine makers (100 million doses with SII and 20 million doses with Bharat Biotech) was in March 2021.

Nodal officer for clearance of COVID-19 relief materials imported by IRCS

May 3, 2021 573 Views 0 comment Print

Reference is made to the Standing Order No. 09/2021 dated 28.04.2021. In order to ensure seamless clearance of COVID relief materials imported by M/s Indian Red Cross Society (IRCS), in shortest possible time, a team of officers have been appointed, who will monitor and coordinate the functions of various wings of the Customs House.

Patiala House court grants Bail in alleged GST Evasion case

May 3, 2021 2094 Views 0 comment Print

Naveen Bansal Vs. Commissioner Central Tax (Patiala House court) In the present case also in the reply itself it has been mentioned that accused has admitted of causing loss to the tune of Rs.7-8 crores to the exchequer. Accused is in custody since 25.03.2021. To decide whether or not admit accused on bail or not […]

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